Circle South, 30 story/443'/535,000 sq. ft. office tower; 19 story/239'/261 residential tower; 2.6 acres at Lafayette and 8th Ave. South

[jjbradleyBrooklyn]

On 2/14/2023 at 8:41 PM, FrankNash said:

If I were the Ritz folks I would be embarrassed to have banners up with last years starting dates.  Why not just call the developer to ask if they are going to build or not?  If they don't respond,  then report them as a NO.  

That whole stop/start date announcement is just head-scratching.

I'm going to agree with many folks here who've said the developer is in over their heads with this project. 

This project should be constructed by a world class, proven company--not a small time local developer. This seems to be the root of the issue with delays and botched announcements.

[Baronakim]

Wish Nashville's would break ground.

[jjbradleyBrooklyn]

2 hours ago, Baronakim said:

Wish Nashville's would break ground.

That is such an incredibly cool architecture! WOW.

Nashville's probably would break ground,  if it could get a tenant to sign on to take up a good percentage of the building. 

Otherwise, it will have to wait out this economic pause we are in, or the developers will have to make the building residential or hotel--or a mix of both.

[MLBrumby]

3 hours ago, jjbradleyBrooklyn said:

That is such an incredibly cool architecture! WOW.

Nashville's probably would break ground,  if it could get a tenant to sign on to take up a good percentage of the building. 

Otherwise, it will have to wait out this economic pause we are in, or the developers will have to make the building residential or hotel--or a mix of both.

Sadly, that's the one I've written off as never going to happen because it's office.  It's a great location; so mayb someday something even nicer will be proposed. 

[Rick Dalton]

Office will come back. WFH is dying.

[nashville born]

22 hours ago, Baronakim said:

Wish Nashville's would break ground.

 

I'm with you.  This is one of the earliest ones I fixated on...and I'm still hoping against hope for it.

[MontanaGuy]

I walked by the site today and was trying to figure out what these yokels are doing.  They've been loading up a couple of trucks but it really doesn't seem to amount to much.  They've had this equipment sitting there for a few weeks with very little activity.  A long walk for nothing!

[MLBrumby]

Beginning to think Circle South is someone's fantasy "project". 

[Argo]

1 hour ago, MLBrumby said:

Beginning to think Circle South is someone's fantasy "project". 

Well what do you want them to do. Spend 3 - 4 hundred million dollars on a building with no tenant signed.

That's fantasy on your part.

[MLBrumby]

48 minutes ago, Argo said:

Well what do you want them to do. Spend 3 - 4 hundred million dollars on a building with no tenant signed.

That's fantasy on your part.

The project was announced 7 years ago. Sorry to crack the fantasy some may still have that this project will actually happen. 

[MontanaGuy]

1 hour ago, Argo said:

Well what do you want them to do. Spend 3 - 4 hundred million dollars on a building with no tenant signed.

That's fantasy on your part.

That argumentative and sarcastic tone sounds very familiar and reminds me of Licec, L. C. Ice and Mr. Gain.  It kind of makes me wonder if Mr. Gain has given birth to Argo! 

[Argo]

40 minutes ago, MLBrumby said:

The project was announced 7 years ago. Sorry to crack the fantasy some may still have that this project will actually happen. 

Where's the link to this.

[Rick Dalton]

There are guys on site in that pic. What are they doing? Smoking cigs? Who is paying them?

[donNdonelson2]

57 minutes ago, MLBrumby said:

The project was announced 7 years ago. Sorry to crack the fantasy some may still have that this project will actually happen. 

I just looked back through the early pages of this thread. The announcement of this project, along with images of the building, hit the Nashville Post on April 17,2020.

[MLBrumby]

53 minutes ago, MontanaGuy said:

That argumentative and sarcastic tone sounds very familiar and reminds me of Licec, L. C. Ice and Mr. Gain.  It kind of makes me wonder if Mr. Gain has given birth to Argo! 

Yes... we all quickly figure out the ones to ignore.  That one keeps trying to make a 'splash'. 

[MLBrumby]

48 minutes ago, donNdonelson2 said:

I just looked back through the early pages of this thread. The announcement of this project, along with images of the building, hit the Nashville Post on April 17,2020.

I get all the finger crossing wishers here, and I hope I'm wrong, but you need to be realistic.  The market has changed since the pandemic and before.  I know only a little more than most here; it's why I haven't had anything official to Smeags et.al..  So it's all speculative with things I've heard from a source.  No need to get your panties in a wad over it.  I have a former colleague who recently left Lincoln Properties in legal. She mentioned that this project has been in planning for over six years (so I was off by a year on the planning but the point is the same); before acquisition, and the sewage/infrastructure project combined with the pandemic essentially killed the window to start and last year LP was shopping the site for a corporate relo. Nobody is making any large moves atm.  Despite that, there was a point last year when they thought they'd kick off when Amazon pulled back from their tower in NY.  The pandemic has changed everything for large office developers. I have hard no rumors lately, but I still believe this will not happen as planned. I do think the site is attractive, and it will see something farther out. 

Edited March 17, 2023 by MLBrumby

[Armacing]

On 3/16/2023 at 7:33 PM, MLBrumby said:

I get all the finger crossing wishers here, and I hope I'm wrong, but you need to be realistic.  The market has changed since the pandemic and before.  I know only a little more than most here; it's why I haven't had anything official to Smeags et.al..  So it's all speculative with things I've heard from a source.  No need to get your panties in a wad over it.  I have a former colleague who recently left Lincoln Properties in legal. She mentioned that this project has been in planning for over six years (so I was off by a year on the planning but the point is the same); before acquisition, and the sewage/infrastructure project combined with the pandemic essentially killed the window to start and last year LP was shopping the site for a corporate relo. Nobody is making any large moves atm.  Despite that, there was a point last year when they thought they'd kick off when Amazon pulled back from their tower in NY.  The pandemic has changed everything for large office developers. I have hard no rumors lately, but I still believe this will not happen as planned. I do think the site is attractive, and it will see something farther out. 

LP ended up relocating to the 3-story "creative building" that sits between the two towers of Broadwest.... Definitely not enough to be an anchor tenant of Circle South.  

[markhollin]

Some equipment is starting to rip up some of the concrete foundations and asphalt lots of former structures on site.

Looking west from Lea Ave., 1/2 block west of 7th Ave. South:

Looking NW from alley behind Sherwin Williams Store:

[markhollin]

More equipment on site.

[Argo]

What does this mean. Would they need all of those construction vehicles for one building or is that site going to be used as a staging area for other developments.

[Luvemtall]

I’m seeing trenching equipment, that to me appears to be for laying pipes or other utilities underground. Probably the ongoing metro project, and ongoing, and ongoing! 

[Argo]

Then I was right. It is a two or three year infrastructure project.

[markhollin]

Rubble on site.  Not sure if this is being dug up, or being dumped from elsewhere.

Looking NW from alley between 8th Ave. South and 7th Ave. South, 1/2 block north of Drexel St:

[jjbradleyBrooklyn]

10 hours ago, markhollin said:

Rubble on site.  Not sure if this is being dug up, or being dumped from elsewhere.

Looking NW from alley between 8th Ave. South and 7th Ave. South, 1/2 block north of Drexel St:

Is this site just an equipment "staging area" for other construction sites nearby, as well as the infrastructure improvement project equipment staging spot? 

I don't think this development would be built at this point, at least with its "office plans." Unless they signed a tenant to occupy about 30-40% of the building, or unless they reconfigured the tower to be hotel/residential, I'd doubt its going up in its planned form, at all.