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

[Brit_in_Gtown]

On 7/28/2022 at 5:41 AM, markhollin said:

4th & Monroe Townhomes (3 stories, 6 units) update.

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

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

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

This whole project looks sub-par. Not quite as bad as what went on the lazarollis site, but close. I don't understand how quality is actually decreasing compared to the luxus and gramercy. 

[BeaveStirs]

On 7/30/2022 at 9:59 PM, Brit_in_Gtown said:

This whole project looks sub-par. Not quite as bad as what went on the lazarollis site, but close. I don't understand how quality is actually decreasing compared to the luxus and gramercy. 

Builder driven instead of architect driven. I call it the HGTV affect

[markhollin]

212 Broadway/Baxter Building (4 stories, circa 1851) renovation still underway for Raising Cane's Chicken Fingers.

Looking north from intersection of Broadway and 3rd Ave. North:

[Nashville Cliff]

On 7/29/2022 at 12:38 PM, CandyAisles said:

But a major point of modernist structures is to detach from stylistic decisions.  The "sandstone" is exposed aggregate precast concrete.   The color is honest to what it is.  As soon as you decide to paint it, you are now beholden to paint it again in 10 years...and again 10 years after that...and so on.  Not just for trendy updates, but also for maintenance.   I think of it as being wasteful.

No doubt it's wasteful. And sandstone may be honest to what it is, but that is is not attractive on a tall building. IMHO.

[markhollin]

The Ernest Tubb Record Shop building (417 Broadway, 3 stories, 12,936 sq. ft. on .08 acre) has been purchased for $18.3 million by Nashville-based real estate investor and developer Brad Bars, Dale Tubb (Tubb’s grandson) and Ilya Toshinskiy, a Russian-born and locally based musician. The sum works out to about $2,000 per square foot. The previous owner, JesseLee Jones, had bought it 2 years ago for $4.75 million.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/ernest-tubb-record-shop-building-sells-for-18-3m/article_bffdf31c-0f7f-11ed-a393-536584d741e0.html


Brad Bars says, "“The record shop means a lot to all of us.  We’re definitely going to keep the heritage of the building,” he said. “As a local Nashvillian, it’s really important to our group to have this iconic spot continue to be … unique.”

Bars has personal ties to Ernest Tubb. Aside from growing up in Nashville — leaving only to play football at Penn State University and then for the New York Giants — his wife’s grandfather played drums on many of Tubb’s records.

“It’s pretty cool to see it come full circle,” he said.


More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/08/01/ernest-tubb-future.html

[donNdonelson2]

For any who may not know, JesseLee Jones is the owner of Robert’s Western World, and as a musician is the founder of the group, Brazilbilly. (He was nicknamed the Brazilian Hillbilly when he moved to Nashville.) I saw him perform at a charity fundraiser a number of years ago and found him to be blessed with talent and charm onstage. I’ve not seen him perform with his band.

[markhollin]

Bottled Blonde (5 stories, 30,000 sq. ft.) at 209 Broadway has a few new diagrams at NashvilleNowNext here:

https://nashvillenownext.com/2022/08/01/broadway-site-eyed-for-new-30000-sf-development-after-record-sell-in-nashville/
 

[markhollin]

The 21c Museum Hotel  (7 stories, 124 room at 221 2nd Ave. North, circa 1890) has sold for $59 million, which works out to $476,000 per room. RLJ Lodging Trust is the new owner and plans on retaining the name, etc. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/downtown-hotel-sells-for-59m/article_b9f55248-11b0-11ed-93a4-331610e39bd8.html

[titanhog]

8 hours ago, markhollin said:

The Ernest Tubb Record Shop building (417 Broadway, 3 stories, 12,936 sq. ft. on .08 acre) has been purchased for $18.3 million by Nashville-based real estate investor and developer Brad Bars, Dale Tubb (Tubb’s grandson) and Ilya Toshinskiy, a Russian-born and locally based musician. The sum works out to about $2,000 per square foot. The previous owner, JesseLee Jones, had bought it 2 years ago for $4.75 million.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/ernest-tubb-record-shop-building-sells-for-18-3m/article_bffdf31c-0f7f-11ed-a393-536584d741e0.html


Brad Bars says, "“The record shop means a lot to all of us.  We’re definitely going to keep the heritage of the building,” he said. “As a local Nashvillian, it’s really important to our group to have this iconic spot continue to be … unique.”

Bars has personal ties to Ernest Tubb. Aside from growing up in Nashville — leaving only to play football at Penn State University and then for the New York Giants — his wife’s grandfather played drums on many of Tubb’s records.

“It’s pretty cool to see it come full circle,” he said.


More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/08/01/ernest-tubb-future.html

I'm good friends with Ilya.  I’ll have to ask him what the plans are.  I can’t imagine them spending $18 Million and just keeping it exactly like it is, since it obviously was not making enough money to stay open.  Will be interesting to see how they keep the record shop and make $ on their investment.

[markhollin]

First Baptist Church expansion (3 stories, 87,500 sq. ft.) that was completed a few years ago as seen from 28th floor of Embassy Suites Hotel:
 

[nashville born]

Random thought (hopefully in the right spot)...really hoping all three circle projects come through.  IMO, that five tower cluster will have a NY-lite impact on the profile of downtown.  I know we're waiting on utility/sewer work.  I'm just saying those are really integral projects.

I tend to look at downtown in quadrants.  Depending on orientation, you have Broadway and Rosa Parks as the X or Y axis.   For discussion, let's make RP the X and Broadway the Y.  As such, you have both height and massing in the northeast quadrant, decent height, and massing  in the southeast quadrant, proposed and u/c height and massing with NY and surrounding projects in the northwest quadrant, and no height of 400' or more and modest massing in the southwest quadrant.  With those lines, I realize that the Ritz project would technically fall into the southeast quadrant, Circle South would be on the line,  leaving 800 Lea as the only true add of height to the southwest quadrant.  Still, because of proximity, it just feels that all three would add a tremendous boost to that quadrant.  Most of it's activity is currently around 12th so the massing is happening quicker than height.  The circle projects would really help.  Just my thoughts.

Edited August 2, 2022 by nashville born

[markhollin]

The surface lots at 113 & 119 2nd Ave. South cover 1/4 acre have been purchased for $15 million by Jamie Daniel, who developed the Moxy Hotel just to the west.

It’s unclear what’s in store for the Second Avenue parking lots; no construction permits or design plans have been publicly recorded, and Daniel could not immediately be reached for comment on Tuesday afternoon.

Together, the parcels span just under one-quarter of an acre, garnering a sum of $1,500 per square foot, the second-highest price per square foot ever paid for land in the area.

My guess is we are looking at another them restaurant-bar and/or another hotel.  I believe codes will allow up to 6 stories in this location.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/08/02/lower-broadway-sales.html


And also behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/boutique-hotel-owner-pays-15-03m-for-sobro-properties/article_0ddb2b28-129a-11ed-b937-0f37379908d2.html




This screen shot from Smeagolsfree's excellent development map shows the site highlighted in teal at the center of the frame:

[markhollin]

The Nell (5 - 8 stories, 78 condos, internal garage) update: tower crane down.

Looking north from intersection of 7th Ave. South and Allison St:

Looking SW from 7th Ave. South, just north of Middleton St:

[Armacing]

3 hours ago, markhollin said:

 

"Have you ever wanted to live in a low-rise wood-framed stucco building conveniently located between the railroad tracks and a homeless shelter??  Introducing:  The Nell, with easy proximity to the Greyhound Bus station!  All sight-lines are guaranteed to be obstructed by taller buildings within 10 years, so move in today and enjoy these views before they are gone!!!"

[Bos2Nash]

7 hours ago, Armacing said:

"Have you ever wanted to live in a low-rise wood-framed stucco building conveniently located between the railroad tracks and a homeless shelter??  Introducing:  The Nell, with easy proximity to the Greyhound Bus station!  All sight-lines are guaranteed to be obstructed by taller buildings within 10 years, so move in today and enjoy these views before they are gone!!!"

If we are being honest, these are all STR condos that are revenue streams, so the developer and ownership don't really have much skin in the game with those concerns haha.

[henburg]

7 hours ago, Armacing said:

"Have you ever wanted to live in a low-rise wood-framed stucco building conveniently located between the railroad tracks and a homeless shelter??  Introducing:  The Nell, with easy proximity to the Greyhound Bus station!  All sight-lines are guaranteed to be obstructed by taller buildings within 10 years, so move in today and enjoy these views before they are gone!!!"

Hopefully this one turns out like the renderings and adds some of the texture and foliage to the facade. Details like these would go a long way to help elevate it from its cost-saving roots.

[Baronakim]

16 minutes ago, henburg said:

Hopefully this one turns out like the renderings and adds some of the texture and foliage to the facade. Details like these would go a long way to help elevate it from its cost-saving roots. On the left 

Even if not, it is far cry from the homeless hangout that existed.  Most of you may be unaware that there was a nasty tent city behind the old buildings and the railroad tracks there.  To the left of the old building  there was a shallow retaining wall where homeless men regularly slept or passed out.  The alley across from it was (and is still) a repository of cast off clothing and passed out drunks.  I do like the dark color scheme.  I wish Haven was painted that color; it might be less offensive to the eye.

 

Edited August 4, 2022 by Baronakim

[chris holman]

I'm thankful The Gulch to 1st Ave. Has been developed. Being that all of SoBro from the early 90s was such a overall eyesore with  Adult establishments, Industrial buildings and warehouses.  To see it truly transform to what we have today and knowing what's coming is amazing to see in my lifetime.

[markhollin]

Sonic Audi (conversion of warehouse to car dealership) update.

Looking south from Lindsley Ave.,  1/4 block east of 1st Ave. South:

[markhollin]

Modera Germantown (5 stories, 800 units, internal garage) has secured a $106.5 million loan from PNC Bank for more work on the development.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/08/05/deal-dash-mill-creek-loan.html

[markhollin]

Customs House looking north from 28th floor of Embassy Suites Hotel.  I've always thought that eventually this stately old structure could either be converted into a grand hotel (a la Union Station) or perhaps made into a rock and roll museum. One thought being "The Royalty of Rock Pantheon" featuring The Beatles, Rolling Stones, The Who, Led Zeppelin, U2, and Queen (believe it or not, there really aren't definitive museums for any of these anywhere in the world).  The adjoining parking lot could give rise to a partnering hotel that's architecture could echo some of the themes from the 1870's-era masterpiece.   

[markhollin]

Modera Germantown (5 stories, 800 units, 14,500 sq. ft. of retail, internal garage) update at NashvilleNowNext including fresh renderings and diagrams:

https://nashvillenownext.com/2022/08/08/retail-starts-to-take-shape-in-phase-2-of-modera-germantown-in-nashville/

 

[andywildman]

1 hour ago, markhollin said:

Great location! This inverted image had me questioning reality for a minute.

Anyone know if the oil/gas terminals (the big round tanks) along the Cumberland will end up moving? Or will we see apartments & gasoline as neighbors for the long term?

[Bos2Nash]

2 hours ago, andywildman said:

Anyone know if the oil/gas terminals (the big round tanks) along the Cumberland will end up moving? Or will we see apartments & gasoline as neighbors for the long term?

never say never, but in reality...

[smeagolsfree]

The gas & oil tanks are all part of the Colonial Pipeline which has been discussed before. That is the same reality for the tanks in the Nations. They are not going anywhere either. Those tanks probably hold Jet fuel going to BNA and who knows what else.

The pipeline runs along the river on the way to BNA, however I am unsure where it crossed the river.