Paramount Tower, 65-68 stories, approx. 750', 200 units, $240 million, Church Street Park

[Binbin98]

5 hours ago, Bos2Nash said:

So it’s gonna take some one with a lot of capital - Tony -  to build a 700’+ tower. But we have also talked about it at length before, until land becomes very scarce in the city, the added cost of going that tall will be a tremendous risk. The cost per sf once get above “x” height (typically 30 floors I believe) is exponentially more expensive. 

There is already a well known architect Company (Goettsch Partners) that is contracted to design this building. So far I have never heard of a Goettsch Partners project that has not eventually happened, they are good at getting stuff off the ground.

[DeemonBruhn]

There is already a well known architect Company (Goettsch Partners) that is contracted to design this building. So far I have never heard of a Goettsch Partners project that has not eventually happened, they are good at getting stuff off the ground.

In this case the architect doesn’t have much leverage to move this forward. This site is encumbered deeply into a quagmire of Nashville politics. Tony has already put out a new rendering of another tower just four blocks away. I think this is dead for the foreseeable future.

[CaptainJilliams]

10 hours ago, DeemonBruhn said:

 

In this case the architect doesn’t have much leverage to move this forward. This site is encumbered deeply into a quagmire of Nashville politics. Tony has already put out a new rendering of another tower just four blocks away. I think this is dead for the foreseeable future.

 

Where is the rendering for this new tower you speak of?

[smeagolsfree]

1 minute ago, CaptainJilliams said:

Where is the rendering for this new tower you speak of?

 

[FromParkAveToTN]

On 10/28/2019 at 7:34 AM, smeagolsfree said:

 

It's cute if you don't look at it. 

[smeagolsfree]

9 hours ago, FromParkAveToTN said:

It's cute if you don't look at it. 

Thats a description of me! I will say this one has grown on me as it is out of the box, pun intended , as far as building design goes in Nashville

[MTFAN]

Interview with Giarratana on downtown in the Nashville Ledger.

What are some big challenges Nashville faces as it grows and tries to maintain its character.

“One of the biggest challenges we have is that planning has, historically, not favored vertical. They've wanted to grow horizontally rather than vertically, and I think that is why non-urban neighborhoods are feeling pressure. If planning would begin to think more vertically, meaning taller buildings in concentrated nodes of development, I think it would take a lot of pressure off the non-urban neighborhoods.”

 

 

https://www.tnledger.com/editorial/Article.aspx?id=122710

[smeagolsfree]

Hmm, 5000 additional Amazon jobs. 

[titanhog]

42 minutes ago, smeagolsfree said:

Hmm, 5000 additional Amazon jobs. 

How many workers would it take for Amazon to be the biggest employer in TN?  With all of the warehouses and distribution centers...then 10k at this center...gotta believe they'd be near the top...right?

[smeagolsfree]

The State is number one and I think as far as private employers, then it is between Vandy and Wal Mart. Vandy at one location and Wal Mart for multiple locations, but this is just a guess on my part without looking at numbers.

[Andy20]

It sounds like he knows what the Tennessean property project is and is excited about it. I hope we see renderings soon.

[Armacing]

On ‎11‎/‎2‎/‎2019 at 3:20 PM, smeagolsfree said:

The State is number one and I think as far as private employers, then it is between Vandy and Wal Mart. Vandy at one location and Wal Mart for multiple locations, but this is just a guess on my part without looking at numbers.

We might also find FedEx near the top of the list.  Other private employers near the top of the list might include Nissan and Eastman Chemical.

[titanhog]

Saw this list from a 2018 Tennessean article listing largest metro area employees before Amazon's move here:

• Vanderbilt University and Vanderbilt University Medical Center: 26,400
• State of Tennessee: 24,548
• Metro Nashville-Davidson Co. Government and Public Schools: 18,820
• U.S. Government: 12,891
• HCA Holdings Inc.: 10,180
• Nissan North America Inc.: 10,100
• Saint Thomas Health: 7,100
• Community Health Systems Inc.: 5,000
• Randstad: 4,361
• Asurion: 4,000

[smeagolsfree]

Eastman employees 7,000 in Kingsport and another 8,000 worldwide. They use to employee around 12,000 at the plant there but innovation has cut the number of jobs.

[KJHburg]

with Tony G.'s announcement of his new high rise residential tower does that make this project dead?  

Edited November 27, 2019 by KJHburg

[MLBrumby]

Good question. According to the NBJ he is still planning this one. There's a lot of opposition from the immediate neighborhood. Time will tell. 

[LA_TN]

On 11/26/2019 at 8:05 PM, KJHburg said:

with Tony G.'s announcement of his new high rise residential tower does that make this project dead?  

Very difficult to believe this project is still alive. It is highly doubt the current administration will allow the park to change hands to a private entity. But, of course, there are no plans (or budget) for any improvement 

[BnaBreaker]

5 hours ago, LA_TN said:

Very difficult to believe this project is still alive. It is highly doubt the current administration will allow the park to change hands to a private entity. But, of course, there are no plans (or budget) for any improvement 

You're probably right, but it's so frustrating... it seems so short-sighted to nix a major development just to protect a pocket park that most people apparently loathe and refuse to use as a park anyway.  In it's current state it's more or less like having an empty lot there.  So if the Cooper administration isn't willing to make improvements to the park to actually make it functional, then why not let Tony G have it?  They're acting like it's just some 'greedy developer' that would reep all the benefits and the city of Nashville would get screwed, but in reality, we'd be swapping what is effectively a homeless hang out spot for the tallest building in the state.  Seems like a pretty damn good trade to me! 

[downtownresident]

https://www.newschannel5.com/news/developer-will-build-downtown-park-in-exchange-for-land-from-metro?fbclid=IwAR3zlCPYOaKMsep0A_fiptwBjdoOfviEG09aH_95EG7tIkV-CAKqUGxi1d0

Just saw this from News Channel 5. Looks like Tony hasn’t given up yet. 

[MontanaGuy]

That's an interesting link and it's dated today.  I guess it gives me a tiny glimmer of hope, I would love to see this project happen.  It would be the most exciting new project by far, at least in my opinion!

[rolly]

3/4 Signature Tower - here we come! 

[markhollin]

The Tennessean has a summary piece on where things stand with the Church Street Pocket Park, Tony Giarratana's bid to buy it and develop the tower, etc.  

In late September, Giarratana sent Mayor John Cooper a three-page letter asking him to "immediately and actively pursue a positive solution to the failed and unsafe Church Street Park.

"I would ask you to consider an expeditious request-for-proposals process that brings this matter to the fore and enables Metro to move forward with a plan for the park by the end of this year." 

No word back from the mayor as of yet.

Giarratana, meanwhile, repeatedly upped his promised investment in park space along Anne Dallas Dudley, from $5 million to $7.5 million to $10 million, as negotiations have stalled.

More at The Tennessean here:

https://www.tennessean.com/story/news/2019/12/05/redevelopment-downtown-church-street-park-nashville-tony-giarratana/4331289002/

[Nash_12South]

It's a minor point, but I still wonder how you would stage construction for this small site? You can't take a lane of Church street. The Hermitage Hotel and City Center might agree to losing one lane of 6th, That leaves you with  Anne Dallas Dudley, which I expect Tony expects to be turned over for his use until construction would be finished. I think that's behind his promises to "upgrade" the street. The 505 did a lot with essentially one lane of 5th but it was a lengthy stretch of road and the garage space helped a lot for staging.

[smeagolsfree]

7 minutes ago, Nash_12South said:

It's a minor point, but I still wonder how you would stage construction for this small site? You can't take a lane of Church street. The Hermitage Hotel and City Center might agree to losing one lane of 6th, That leaves you with  Anne Dallas Dudley, which I expect Tony expects to be turned over for his use until construction would be finished. I think that's behind his promises to "upgrade" the street. The 505 did a lot with essentially one lane of 5th but it was a lengthy stretch of road and the garage space helped a lot for staging.

Well if he gets what he wants, then Anne Dallas Dudley would likely be used as that would be under construction as well and he would use part of that area. just a guess.

[nashwatcher]

Anyone know what other lots Tony owns that he could move forward with another tower on? Appreciate this guy for all the work he does for our downtown