Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge

[markhollin]

3rd & Coffee (3 stories, 25 townhomes) update: foundations underway.

Looking SW from intersection of Coffee St. and 3rd Ave. North:

 

[CandyAisles]

Anyone know what's going on with the facade treatment at the UBS Tower downtown on Deadrick Street?  The east face looks to have some repairs or some cosmetic changes going on.  I believe that tower is a Perkins and Will product from 1970...actually quite beautiful in detail.  Really really hope they aren't painting the precast.

[Bos2Nash]

1 hour ago, CandyAisles said:

Anyone know what's going on with the facade treatment at the UBS Tower downtown on Deadrick Street?  The east face looks to have some repairs or some cosmetic changes going on.  I believe that tower is a Perkins and Will product from 1970...actually quite beautiful in detail.  Really really hope they aren't painting the precast.

If you flip to page 749 (previous from this one) there was some back-and-forth on it on Friday. 

I believe their intent to is to paint the whole building unfortunately.

[CandyAisles]

1 hour ago, Bos2Nash said:

If you flip to page 749 (previous from this one) there was some back-and-forth on it on Friday. 

I believe their intent to is to paint the whole building unfortunately.

"STOP. PAINTING THINGS. THAT DON'T NEED. PAINTING!"

[bnacincy]

55 minutes ago, CandyAisles said:

"STOP. PAINTING THINGS. THAT DON'T NEED. PAINTING!"

Why do people want to make things look worse? First it was the Apts on Church that Giarratana built some years back and now this-what's so great about a matte grey painted building sticking up  in the skyline? This totally escapes me....

[markhollin]

1212 9th Ave. North Boutique Hotel (3 stories, 77 units) update: complete.

Looking SW from intersection of Rosa L. Parks Blvd. and Monroe St:

Looking SE from 9th Ave. North, 1/2 block north of Scovel St:

Looking NE from intersection of Scovel St. and 9th Ave. North:

[markhollin]

1723 6th Ave. North (3 stories? 11 units) update: ground level infrastructure being set.

Looking west from 6th Ave. North, 1/2 block north of Garfield St:

[markhollin]

Sinatra Bar & Lounge on the first floor of 222 4th Ave. North (the historic Southern Turf Building, circa 1885) will finally get underway this month after long delays due to the pandemic. This is another Bill Miller theme project that he has had in the works or 3 years. Remick Architecture is handling the interior design. Bell Construction will be the contractor. The Southern Turf Lofts (6 units) on the 2nd and 3rd floors, and the Southern Turf Club on the 4th floor will also be getting underway.

More behind the Nashville Post  paywall here:

https://www.nashvillepost.com/business/development/start-looms-on-sinatra-bar-project-downtown/article_39392d8e-d077-11ec-bd7a-f7d75942c52b.html

 

[markhollin]

Ballpark Village (8 stories, 356 units, 17,000 sq. ft. retail, internal garage) has been granted an $870,000 permit for construction of the building's foundation and parking garage.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/notes-work-continues-on-mixed-use-building-near-ballpark/article_5ec0f508-d088-11ec-9596-ff1eec02305f.html

[markhollin]

Randee Rogers Apts. (4 stories, 100 units, internal garage) update: complete and open.

Looking NW from intersection of Rosa L. Parks Blvd. and Taylor St:

Looking SW from intersection of Rosa L. Parks Blvd. and Cheatham Place:

Looking SW from Cheatham Place, 1/2 block east of Delta Ave:

Looking SE from. intersection of Delta Ave. and Cheatham Place:

Looking east from Delta Ave., 1/4 block north of Taylor St:

Looking north from intersection of Delta Ave. and Taylor St:

[markhollin]

4th & Monroe Townhomes (3 stories, 9 units) update: exterior nearly complete.

Looking SE from 4th AVe. North, 1/4 block south of Monroe St:

Looking south from Monroe St., 1/2 block east of 4th Ave. North:

Looking SE from Monroe St., 1/4 block east of 4th Ave. North:

[markhollin]

The .11 acre surface lot at 107 4th Ave. North (behind Dierks Bentley's Whiskey Row) has sold for $10.2 million, which works out to more that $2,129 per sq. ft./$100 million per acre. The new owner isTC Restaurant Group which owns Tequila Cowboy and Luigi's Pizza. in the Lower Broadway area.  No word on their plans, but one would expect they will build another restaurant/bar on the site. 

Brenda Sanderson and Ruble Sanderson — who own The Stage, Legends Corner, and Second Fiddle — paid $4.8 million for the property in 2012.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/parking-lot-near-broadway-sells-for-10-2m/article_d441b57c-d14d-11ec-bb9b-a391f42d5a99.html

And at NBJ here:

https://www.bizjournals.com/nashville/news/2022/05/11/tc-restaurant-group.html

[markhollin]

810 Jefferson (4 stories, 34 units) update: complete.

Looking NW from Jefferson St., 1/2 block east of 9th Ave. North:

 

Looking NE from intersection of 9th Ave. North and Jefferson St:

Looking SE from intersection of Rev. Dr. Enoch Jones Blvd., and 9th Ave. North:




Looking SW from Rev. Dr. Enoch Jones Blvd., 1/2 block east of 9th Ave. North:

[samsonh]

43 minutes ago, markhollin said:

810 Jefferson (4 stories, 34 units) update: complete.

Looking NW from Jefferson St., 1/2 block east of 9th Ave. North:

 

Looking NE from intersection of 9th Ave. North and Jefferson St:

Looking SE from intersection of Rev. Dr. Enoch Jones Blvd., and 9th Ave. North:




Looking SW from Rev. Dr. Enoch Jones Blvd., 1/2 block east of 9th Ave. North:

Finally, but I think they are all STR? Hopefully I am wrong.

[titanhog]

3 hours ago, samsonh said:

Finally, but I think they are all STR? Hopefully I am wrong.

Has anyone calculated the percentage of all residential in and around the core to determine a percentage of LTR to STR?  Would we be shocked?

[markhollin]

The Hamilton/Hume House (3 & 4 stories, 330 units, internal garage) update: brick work/cladding about 80% complete.

Looking SE from Hume St. at 7th Ave. North:

Looking south from Hume St., 1/2 block east of 7th Ave. South:

Looking SW from intersection of Hume St. and Press Place:

Looking NW from Press Place, 1/2 block west of 5th Ave. North:

Looking NW from alley north of 602 Taylor St:

[Bos2Nash]

12 hours ago, samsonh said:

Finally, but I think they are all STR? Hopefully I am wrong.

I believe it is an STR hotel.

[nashville born]

22 hours ago, markhollin said:

The .11 acre surface lot at 107 4th Ave. North (behind Dierks Bentley's Whiskey Row) has sold for $10.2 million, which works out to more that $2,129 per sq. ft./$100 million per acre. The new owner isTC Restaurant Group which owns Tequila Cowboy and Luigi's Pizza. in the Lower Broadway area.  No word on their plans, but one would expect they will build another restaurant/bar on the site. 

Brenda Sanderson and Ruble Sanderson — who own The Stage, Legends Corner, and Second Fiddle — paid $4.8 million for the property in 2012.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/parking-lot-near-broadway-sells-for-10-2m/article_d441b57c-d14d-11ec-bb9b-a391f42d5a99.html

And at NBJ here:

https://www.bizjournals.com/nashville/news/2022/05/11/tc-restaurant-group.html

 

Seems like a lot to pay for erecting another lower Broad spot...???

[Bos2Nash]

14 minutes ago, nashville born said:

Seems like a lot to pay for erecting another lower Broad spot...???

Depending on who you ask. Spend $10 million on the site, spend another 10 to 15 million on a solid building. Lower Broadway environment would probably have that paid off in 5 to 10 years. lol

[markhollin]

3 minutes ago, Bos2Nash said:

Depending on who you ask. Spend $10 million on the site, spend another 10 to 15 million on a solid building. Lower Broadway environment would probably have that paid off in 5 to 10 years. lol

Indeed...probably even less.  A friend who is a beer distributor for much of Lower Broadway told me 5 years ago that the SMALL bars along the strip were grossing$7-$10 million per year, and the larger ones $25-$30 million annually.  Profit margins on alcohol are in the 90% range....so it's easy when doing the math to see what gold mines these establishments are. 

[markhollin]

The Nell (5 - 8 stories, 78 condos, internal garage) update: topped-out across most of the site.

Looking SW from intersection of 6th Ave. South and Lafayette St:

Looking NE from Fogg St., 1/2 block east of 8th Ave. South:

Looking north from Fogg St. at 7th Ave. South:

Looking SW from 7th Ave. South, 1/4 block north of Middleton St:

[markhollin]

Church Lofts at 1600 10th (2 story church structure conversion into 7 residential units) update.

Looking NE from intersection of 10th Ave. North and Garfield St:

LookingSW from Garfield St., 1/4 block west of 9th Ave. North:7 

[markhollin]

800 6th Ave. South, a seven-parcel site covering 2.2 acres at the SE corner of Division and 6th Ave. South, has been been offered for a negotiable price that might yield as much as $40 million (many recent sales in that neighborhood have averaged about $400 per sq. ft.). There are currently two 1 story structures on 1/3 of the site, and the rest is surface parking or undeveloped. Synergy, the company that occupies one of the existing structures, appears the be the primary owner of. the land currently, having paid $3.5 million for it in 2014.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/pie-town-property-offered-for-sale/article_832ce258-d2f4-11ec-ba41-df62dac5a4f9.html

 

[titanhog]

^^So I’m assuming since this is getting closer to the RMH area, it may have height limits?

[Bos2Nash]

1 minute ago, titanhog said:

^^So I’m assuming since this is getting closer to the RMH area, it may have height limits?

I would refer to all the discussion in the Modera SoBro Thread. But I will also quote the height discussion from there, here. This site is directly to the east of the blue outlined site and backs all the way from Division to Mulberry.

On 10/25/2021 at 11:53 AM, Bos2Nash said:

Not sure where you get that Division has special treatment. According to the currently adopted DTC base zoning would start at 8 stories and only Lafayette and Transitional Properties get special treatment.

Here is my height assessment quoted from above.

Quote

Lastly, looking through the Bonus Height program, this building (which has a base zoning of 8 stories) is allowed to gain 11 extra stories of Bonus Height (for 19 stories total) if they checked all the boxes. That may be difficult here as each category gives a max of 2 stories. The realistic categories I see them checking are LEED (+2 stories), Underground/lined parking (+2 stories) and public parking (+2 stories). Open Space and pervious surface could be plausible (which would be +4 total), but doubtful. I would think this developer will work through the Bonus Height program and then go for an overall height modification then to get up to around 20 stories as the is what Albion went up to. But I do not anticipate going above 20. That's completely speculation and who know what is actually gonna happen. They may come in and ask for 30 and get worked back to 20. But the large footprint of covering the whole site may be why the unit count is so high because they are looking to pack a ton of units into a shorter building(s).

  This is the view from Parcel Viewer