10th & Lea, 1 or 2 towers, 350,000 sq. ft. office, 400 residential units

[markhollin]

Cypress Real Estate Advisors is under contract to buy 2.2 acres  from New Orleans-based investor group led by Brian Gibbs to build 1 or 2 towers that would include  350,000 sq. ft. of office space and 400 residential units.  Tentative name is 10th & Lea. No word on the cost of the transaction, the size of the buildings, financing, etc. 

The site is nearly rectangular in shape, bordered by Ninth and 10th Avenue South, Clark Place and Lea Avenue. It's diagonally behind the JW Marriott and consists of the parking lots at 810 Lea Ave. and 310 10th Ave. S., as well as a two-story brick building at 300 10th Ave. S.

Primarily all of the lot is surface parking at this time, but it does include the historic 2 story, 33,500 sq. ft., brick structure built in 1926.  One would hope they will incorporate this building into their plans.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/02/03/austin-developer-targets-site-between-high-rises.html?ana=twt

And behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21113761/sobro-site-eyed-for-major-mixeduse-project
 

This screen shot from Smeagolsfree's excellent development map shows the part of the site that Brian Gibbs' group had controlled highlighted in teal at the center of the frame.  This development will include the white roofed-building and surface lot just to the left on the SE corner of Clark St. and 10th Ave. South:

[downtownresident]

They’ve already applied for Water/Sewer availability for this lot, but it hasn’t been processed yet. Hopefully there’s a rendering or site plan included once the request has been processed. 

[Craiger]

If Station District still happens, there will be a whole lot of residential units in this area. 

[Luvemtall]

Shh.....we all need to be quiet. If Mayor Cooper hears about this ... you know he's with them save our parking lots crowd.

[downtownresident]

8 minutes ago, Luvemtall said:

Shh.....we all need to be quiet. If Mayor Cooper hears about this ... you know he's with them save our parking lots crowd.

Hey now, you can’t have a carnival if there’s no where to park. 

[donNdonelson2]

16 minutes ago, downtownresident said:

Hey now, you can’t have a carnival if there’s no where to park. 

Everyone will take public transit. Oh, errrr...wait...never mind.

[MidTenn1]

A rough sketch of what the KVB Roundabout neighborhood could look like a few years from now if the Lincoln development, Cypress plan, One KVB, 805 Lea and the Station District are complete. I have no inside info on two of the proposals, just guessing.

I had to sketch in the JW in as the maps have not been updated. And like I said, it's rough. And ignore the blue triangle, it's a tool I use for making these cards and forgot to erase.

 

Per comment below; One KVB is probably dead, but their website is still up.

[MLBrumby]

I thought One KVB is dead. 

[smeagolsfree]

I think One KVB may be in the midst of flat lining. They may be able to hit it with the shock  paddles and bring it back, but I dont think Mainland will be able to pull it off. maybe someone else.

 

Here is the pdf for 10 Lea

https://epermits.nashville.gov/download.aspx?id=299519

[MLBrumby]

Don't have my readers as I try to see that diagram... 400 units!? So what does 355 net mean? Does it say anywhere what the height will be.

[markhollin]

I tried enlarging the diagrams, etc. here. It is indeed, 400 residential units, although handwritten scrawl says 355 net units.  Not sure what that means.

Also, it kinda-sorta appears that they are going to retain the existing 2 story, 33,500 sq. ft. 1926-era brick building on the NW corner of the lot.  Let's hope so.   : )

 

[smeagolsfree]

26 minutes ago, MLBrumby said:

Don't have my readers as I try to see that diagram... 400 units!? So what does 355 net mean? Does it say anywhere what the height will be.

I have to use my readers , then increase the magnification on the computer screen by about 5 times to see this stuff. I also have a 21 inch monitor, so my eyesight is getting worse the older I get. Getting harder and harder to read these Metro Docs.

[Bos2Nash]

20 hours ago, markhollin said:

Primarily all of the lot is surface parking at this time, but it does include the historic 2 story, 33,500 sq. ft., brick structure built in 1926.  One would hope they will incorporate this building into their plans.

The purchased land is three separate entities. The existing building takes up one whole parcel, but technically is not on any historical registry. It is deemed "Worthy of Conservation" which means historic has a bit more skin in the game and it is all about how the development team presents their case to the review panel. Historic is almost guaranteed to object to the demolition of this building, but they are only one vote so they would need to sway other members on the review board. This is one of those buildings that I would be in favor of a "Facadectomy" type project to preserve the 10th Ave facade, but beyond that facade I dont see much architectural beauty in keeping it. But then again I do not know the history behind the building. This building will also have to undergo some serious structural reconfiguration for any development as I do not see this developer purchasing this chunk of the block just to leave a two-story building.

Here is a breakdown of the parcels from the parcel viewer with the historic layer turned on:

Edited February 4, 2020 by Bos2Nash
parcels to entities

[rolly]

Man, the analysis, digging, and presentation that you guys do on this site is just awesome! 

[smeagolsfree]

Well, rolly you have no idea how many professionals we have on the site. 

[Sean blackdog]

[smeagolsfree]

OK Folks, 

We have been holding back on this property for a while. It has been surveyed, utilities have been marked, and core drilled. I have been doing some digging.

A little news coming tomorrow.

[Brichar4]

Thanks for the heads up smeags, appreciate your information always! 

[jjbradleyBrooklyn]

1 hour ago, smeagolsfree said:

OK Folks, 

We have been holding back on this property for a while. It has been surveyed, utilities have been marked, and core drilled. I have been doing some digging.

A little news coming tomorrow.

This is exciting! Can't wait to hear any upcoming news. 

[titanhog]

3 hours ago, smeagolsfree said:

OK Folks, 

We have been holding back on this property for a while. It has been surveyed, utilities have been marked, and core drilled. I have been doing some digging.

A little news coming tomorrow.

I knew Tony wouldn’t give up on Signature Tower! 

[CandyAisles]

Got to get rid of the NES Poles. They are extraordinarily problematic on this site.

[thenorthchannel]

This morning from 805 Lea 

[smeagolsfree]

I am unsure as to when WW will go live but it will be very limited info at this time. I will say the rendering that was posted on here a while back gives a good hint as to what the project may sort of be like. As to the size I do not know,,,,,,It has taken a while for me to wiggle the info out.

[Baronakim]

1 hour ago, smeagolsfree said:

I am unsure as to when WW will go live but it will be very limited info at this time. I will say the rendering that was posted on here a while back gives a good hint as to what the project may sort of be like. As to the size I do not know,,,,,,It has taken a while for me to wiggle the info out.

Well, at least it is a welcome oportunity to mask one side of the Westin's unattractive facade in the view. 

[nashville born]

^^^ nodding in agreement.