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North Gulch Gateway (Tennessean site), Phase I: Asurion HQ (12 & 13 stories, 551,000 sq. ft., 9,000 sq. ft. retail, 1,900 car garage, $285 million)By markhollin
A team of Nashville’s biggest office landlord and a Gulch-area investor has been picked to negotiate a contract toward buying The Tennessean’s 10-acre downtown property.
Upon finalizing the more than $55 million transaction, Raleigh, N.C.-based Highwoods Properties and Jim Caden could separately develop the various parcels. The property includes where the newspaper’s office sits at 1100 Broadway and several parking lots.
Highwoods has a portfolio of more than 4.2 million square feet of Nashville area office space, including Bridgestone's 30-story world HQ, The Pinnacle at Symphony Place office tower, and the impending Mars Petcare HQ in at Ovation in Cool Springs. The company also developed Caterpillar Financial's headquarters on West End Avenue.
Caden developed the retail strip now known as Demonbreun Hill before moving on to buying properties in the Gulch where he co-founded restaurant group M Street and co-owns several properties including the Déjà Vu strip club site on Demonbreun Street.
Neither party has announced any specific plans for the property at this time.
The site in yellow:
The site in 1975:
Expansion of Tennessean HQ in 1985:
An 11 story, 136' tall boutique hotel that would include 112 rooms, an "electric gastro pub," a subterranean upscale restaurant/wine cellar, 32,000 sq. ft. fitness facility, 7,000 sq. ft. spa, a boutique performance venue, screening and writing rooms, rooftop pool/lounge, and more will be located at 10 11th Ave. South, backing up against the CSX tracks at the T intersection of 11th and McGavock St. Price tag will be $70 million.
The developer is Chris Hyndman of M Street Entertainment. Ground breaking will be 4th quarter of this year, and a summer 2020 completion is the goal. Currently the lot is utilized for surface parking.
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