801 12th Ave. South, 12-16 stories, residential/retail

[markhollin]

A 12-16 story mixed use residential/retail development is being eyed by Crescent Communities and Peal Street Partners for the 2.7 acre site at 801 12th Ave. South (NW corner  of 12th Ave. South and Hawkins St.) that is currently home to Park Center mental health/substance abuse clinic.  The property borders on the I-65/40 inner-loop on the north. Negotiations with the center and community groups are in the very early stages. 

 From The Nashville Post article:

The site is zoned to allow some flexibility with the height of any future building. The zoning offers a 30-foot maximum height at the setback line and then allows for a 2:1 sky exposure plane ratio. For example, if any development company positioned a building 60 feet back from both of the street setback lines, it could build a 150-foot-tall building.

Any development company to undertake a project at the site likely would want to have a building of at least 12 floors due to practical and economic considerations. Crescent and Pearl Street would need a community plan amendment to undertake a structure taller than what the current 2:1 sky exposure plane ratio allows.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21018161/gulcharea-site-eyed-for-mixeduse-building

This is the Park Center which currently sits on the large site:

This screen shot from Smeoglsfree's excellent Development Map shows the location in the teal center square marked as "Polygon 240."

[Pdt2f]

Seems like there’s lots of room for development in that area if the Gulch starts spilling over the interstate. 

[smeagolsfree]

Well, nothing will happen across 12th as that huge parcel is owned by Beaman.

[samsonh]

3 hours ago, smeagolsfree said:

Well, nothing will happen across 12th as that huge parcel is owned by Beaman.

.

[e-dub]

2 hours ago, samsonh said:

.

I'm sure it was relevant, and I'm sure a lot of *us agree

[Mr_Bond]

On 8/15/2018 at 3:29 PM, markhollin said:

A 12-16 story mixed use residential/retail development is being eyed by Crescent Communities and Peal Street Partners for the 2.7 acre site at 801 12th Ave. South (NW corner  of 12th Ave. South and Hawkins St.) that is currently home to Park Center mental health/substance abuse clinic.  The property borders on the I-65/40 inner-loop on the north. Negotiations with the center and community groups are in the very early stages. 

 From The Nashville Post article:

The site is zoned to allow some flexibility with the height of any future building. The zoning offers a 30-foot maximum height at the setback line and then allows for a 2:1 sky exposure plane ratio. For example, if any development company positioned a building 60 feet back from both of the street setback lines, it could build a 150-foot-tall building.

Any development company to undertake a project at the site likely would want to have a building of at least 12 floors due to practical and economic considerations. Crescent and Pearl Street would need a community plan amendment to undertake a structure taller than what the current 2:1 sky exposure plane ratio allows.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21018161/gulcharea-site-eyed-for-mixeduse-building

Crescent must be quite happy with their Novel Music Row development around the corner from this one.  Does anyone know any occupancy rates from that one?

Here's their map showing quite a commitment to Middle Tennessee:

https://www.crescentcommunities.com/map

[Pyramid Scheme]

On 8/15/2018 at 4:49 PM, smeagolsfree said:

owned by Beaman

Make nashville Ghetto Again!

[markhollin]

Crescent Communities and Pearl Street Partners  will go before the Metro Planning Commission on Thursday, Dec. 13, to seek a specific plan rezoning for the site.  They are hoping for a 16 story structure, but may settle for 12. 

Crescent has the property under contract with Park Center, the current inhabitants of the 2.7 acre plot.

Atlanta-based Kimley-Horn and Associates is handling land planning and engineering for the co-developers. No rendering has been released yet. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/commercial-real-estate/article/21028404/image-released-for-marriott-project