Amazon: The Thread | 5,000 Jobs | 1M SQFT in Nashville Yards

[nashvylle]

3 minutes ago, smeagolsfree said:

Again,, my guess is two if not the three office buildings planned at Nashville Yards. That's about 1.2 million SQ. FT.

I agree, and I imagine Amazon wants to have all of Nashville Yards’ office buildings and not sit next to anyone. 

[smeagolsfree]

The Nashville Yards site says they have 1.5 million + sq. ft. of office space.

[MidTenn1]

Just for reference...

[bigeasy]

44 minutes ago, markhollin said:

According to last month's Nashville Downtown Partnership Annual Report. there are now 70,000 people working downtown, and 11,000 folks living downtown.  

Wow so roughly a 7% increase in the downtown workforce. That is huge for the city but also worrying a bit!  Just means that much more congestion on the roads, and more strain on an already rough housing market. Would be interesting to see into the future and know what Nashville would be like in 5 years.

 

HQ2 would have killed us.

Edited November 13, 2018 by bigeasy

[titanhog]

Just announced:  "Nashville Yards will now be changing its name to Amazon Yards."  

[smeagolsfree]

For arguments sake I will say the 32, 10 and 15 story towers for Nashzons or Amanashzombians.

[LA_TN]

25 minutes ago, OnePointEast said:

Biggest news for Nashville in how long?

This is the largest single jobs announcement for the state of Tennessee in history. For Nashville, Alliance - Bernstein was the last big job announcement and that was 1,000 jobs

[Rockatansky]

4 hours ago, MLBrumby said:

Average salary will be $150,000!!! 

My guess is that the median salary will be quite a bit lower, with the 150k value being skewed upwards by a smaller number of executives.

[QCxpat]

44 minutes ago, titanhog said:

What is the largest office building downtown, as far as square footage?  Trying to wrap my head around 1 Million square ft.

According to the NBJ, the largest  office buildings in Nashville's downtown submarket by gross leasable area are, as follows:

(1) AT&T Building, 333 Commerce Street - 765,624 sq. ft.

(2) UBS Tower, 315 Deaderick Street  - 634,826 sq. ft.

(3) HCA Capitol View, 1100 Charlotte Avenue - 530,000 sq. ft.

(4) The Pinnacle at Symphony Place, 150 3rd Avenue South - 520,241 sq. ft.

(5) Bridgestone Tower, 210 4th Avenue South - 514,000 sq. ft.

LInk;  https://www.bizjournals.com/nashville/subscriber-only/2018/10/12/largest-office-buildings-in-downtown.html - Nashville Business Journal, October 12, 2018

[memphian]

I'm sure there will be new developments, both condo and apartment, to be announced soon. Some will materialize, others won't.  I'd kind of like to see the apartment building near Bridgestone Arena to come back to the conversation.

[titanhog]

I really wish they would build a new tallest and put all 5000 in that one building...but...too much to ask for.

[Binbin98]

I also recently woke up to this here in the UK lol. This might be the single best economic day in nashville’s history. Not only is ernst and young (a london based company) heavily investing in nashville, but also amazon is making a HUGE investment as well, one that will transform the city for years to come. Nashville being the only city to get additional investment outside of DC and NYC in the initial HQ2 announcement to become a logistical hub for them is a huge deal, and news channels over on this side of the pond have talked about nashville in addition with dc and nyc. I think that the effects of this won’t be limited to just 5000-10000 jobs from amazon (or more since they seemingly will continue to invest in Nashville for years to come), i think because of the manageable investment in Nashville this will make the city even more attractive to corporate relocations on a more global level.  Not to mention the amount of new developments, hotels, and air service this will eventually develop as well. Overall the best news for nashville since i joined the forum. And to think i was worried nashville had stopped growing just two days ago lol.

Edited November 13, 2018 by Binbin98

[chris holman]

This is Big  for Nashville and just when we thought it wasn't coming at all to the city

[titanhog]

1 hour ago, Binbin98 said:

I also recently woke up to this here in the UK lol. This might be the single best economic day in nashville’s history. Not only is ernst and young (a london based company) heavily investing in nashville, but also amazon is making a HUGE investment as well, one that will transform the city for years to come. Nashville being the only city to get additional investment outside of DC and NYC in the initial HQ2 announcement to become a logistical hub for them is a huge deal, and news channels over on this side of the pond have talked about nashville in addition with dc and nyc. I think that the effects of this won’t be limited to just 5000-10000 jobs from amazon (or more since they seemingly will continue to invest in Nashville for years to come), i think because of the manageable investment in Nashville this will make the city even more attractive to corporate relocations on a more global level.  Not to mention the amount of new developments, hotels, and air service this will eventually develop as well. Overall the best news for nashville since i joined the forum. And to think i was worried nashville had stopped growing just two days ago lol.

Yes!  I think this announcement may have just tipped the scales.  I can only imagine that the city is about to boom in a way that was unexpected by most of us.  Potential for growth to accelerate even more than what it's been the past 8 years or so.

[deleted]

1 hour ago, bigeasy said:

Wow so roughly a 7% increase in the downtown workforce. That is huge for the city but also worrying a bit!  Just means that much more congestion on the roads, and more strain on an already rough housing market. Would be interesting to see into the future and know what Nashville would be like in 5 years.

 

HQ2 would have killed us.

From Charlotte, I think this is exactly the right take.  Congrats.

[markhollin]

A breakdown of all the tax incentives in place for the Amazon deal:

https://www.tennessean.com/story/news/2018/11/13/amazon-hq-2-nashville-tennessee-incentives-east-coast-hub/1987736002/

[musiczealot]

With the projection of ancillary jobs for the state, I would fathom pretty much all the office buildings currently being built in the core are "spoken for".  Is this the catalyst that gets River North off the ground?  I can't imagine the flurry of condo and office buildings that are going to come online in 5-10 years.

Also, on another message board "someone who knows someone who knows things" said the big corporate relocations would be Amazon and....Morgan Stanley.  Maybe we need to be on the lookout for that second shoe to drop. 

[Dale]

Somebody stop Nashville!

[MidTenn1]

Add 2016 world cup games to the list, also!!

[smeagolsfree]

We have about 20 buildings 10 stories and up either under construction or proposed in the Gulch alone. I now see all of them starting construction much sooner rather than later now. 

We can go ahead and list all of the buildings in Nashville Yards under construction, for sure. Mmmmmm

[KJHburg]

Nashville Yards aka Amazon Yards today.  

[Pdt2f]

1 hour ago, musiczealot said:

With the projection of ancillary jobs for the state, I would fathom pretty much all the office buildings currently being built in the core are "spoken for".  Is this the catalyst that gets River North off the ground?  I can't imagine the flurry of condo and office buildings that are going to come online in 5-10 years.

Also, on another message board "someone who knows someone who knows things" said the big corporate relocations would be Amazon and....Morgan Stanley.  Maybe we need to be on the lookout for that second shoe to drop. 

Well taking 1 million+ sq ft off the market definitely did wonders for the developers who are planning on building on spec. As far as office space in the core that doesn’t seem to be completely spoken for, there’s KVB (75% or so available), the 5 story brick one in the Gulch that was announced last month, the office floors above Whole Foods in the Endeavor on Broadway, the office tower of the Endeavor project on demonbreun, and the Emery portion of the Trolley Barns project. Move into midtown and you’ve got Broadwest and The Moore (Creed). Then of course there’s River North and the Trinity Lane fantasy that looks slightly less ridiculous today than it did yesterday . So it’s not like we’re at 100% capacity but if there’s an acceleration of relocations and expansions there will be plenty of opportunity. 

[MLBrumby]

Metros budget has something like $25 million for infrastructure for river north.

[PaulChinetti]

2 hours ago, Pdt2f said:

 the Trinity Lane fantasy that looks slightly less ridiculous today than it did yesterday . 

Trinity Lane fantasy?

[e-dub]

3 minutes ago, PaulChinetti said:

Trinity Lane fantasy?

Yep:

https://www.tennessean.com/story/money/2018/09/28/new-north-nashville-developers-plan-includes-bridges-upscale-stores/1442997002/