Mid City (1501 Broadway, 8 acres on Broadway, 7 towers of 20-35 stories, 1.3 million sq. ft. office, 1,000 residential units, 150,000 sq. ft. commercial/retail)

[bnacincy]

4 hours ago, nashvylle said:

Do you have an aerial shot of this land? Thanks

I know the deal Mayor Cooper "scrapped" was a deal where the city would provide land for PSC to relocate, and PSC would get development rights on the scrapyard. 

I guess it's possible if Haslam joined MusicCityBaseball/NashvilleStars, he could also get Icahn to get ownership of the MLB team and part of the development revenue, all for no equity investment, just the land. 

Go to Google Maps and have a look at the Great American Ballpark alignment here in Cincy. Now follow  I 71/65 down to Nashville. If you build a Major League Ballpark at the location I suggested at the same angle as GAP it will face Downtown Nashville away from the setting sun. It will offer the best views of the city and be another step in cleaning up the East Bank.

The East Bank is an eyesore and not just when it comes to PSC Metals.

Since this discussion probably belongs on the MLB thread I will add I think the best use for the Beaman/Reed properties is a museum/theater district I've mentioned before.

Edited December 5, 2020 by bnacincy
Content

[Bos2Nash]

On 12/5/2020 at 1:28 AM, titanhog said:

I just wish the scrapyard would sell.  If I had a choice between the scrapyard selling or Beaman selling…I’d take the scrapyard 100/100.  That land would also be great for a ballpark.

On 12/5/2020 at 10:28 AM, donNdonelson2 said:

With the PSC site there is also the issue of soil contamination. There’s no way to imagine how much time and how much MONEY it will take to prepare this ground for safe and environmentally sound redevelopment.

That is the biggest thing with the PSC metals site. When rumors were swirling about Briley helping PSC move and then having this barren wasteland just sit there, I was happy that Copper squashed it. The city should not get involved with moving PSC Metals, period! The site is going to need sooooo much remediation work that 1) any development will probably need to remove anywhere from 24" to 72" of top soil at a minimum to make it useful for immediate development or 2) once PSC moves off site the site will have to site vacant (most likely with a green "cap" over the site) for several years for nature to take its natural course with the site contaminents. Similar to why we will not be getting a super tall tower any time soon, PSC really wont be touch either. We have too much other developable land for the high cost of development at this location.

 

[titanhog]

2 hours ago, Bos2Nash said:

That is the biggest thing with the PSC metals site. When rumors were swirling about Briley helping PSC move and then having this barren wasteland just sit there, I was happy that Copper squashed it. The city should not get involved with moving PSC Metals, period! The site is going to need sooooo much remediation work that 1) any development will probably need to remove anywhere from 24" to 72" of top soil at a minimum to make it useful for immediate development or 2) once PSC moves off site the site will have to site vacant (most likely with a green "cap" over the site) for several years for nature to take its natural course with the site contaminents. Similar to why we will not be getting a super tall tower any time soon, PSC really wont be touch either. We have too much other developable land for the high cost of development at this location.

 

It would be worth it, though.  Even with remediation and allowing a few years for nature to take its course, it would be better than having that business right there.  Eventually, that land needs to become something else…and I’d rather us start in that direction soon rather than waiting 10-20 years.

[Bos2Nash]

100% agree. Just dont want the city spending that money. If the baseball group want to spend that money, awesome! If Ingram wants to figure something out great. Just please not the city.

[Armacing]

18 hours ago, Bos2Nash said:

That is the biggest thing with the PSC metals site. When rumors were swirling about Briley helping PSC move and then having this barren wasteland just sit there, I was happy that Copper squashed it. The city should not get involved with moving PSC Metals, period! 

My biggest concern with PSC metals is that moving it out to the fringes of the metro would be a hardship for the locals who depend on it.  Have you ever spent a decent amount of time watching it operate?  It clearly serves as a source of vital income for locals who gather and sell scrap metal at PSC.  What will happen to those folks if they have to drive 20 miles to sell their scrap?  Maybe they would get some kind of minimum wage job at the business that takes PSC's place, but I get the impression these are the type of people who don't want to (or can't) work in a traditional job and they like the scrapper life.

[Baronakim]

On 12/3/2020 at 5:05 PM, markhollin said:

The footprint IS large enough for a stadium like PNC (37,88 capacity) in Pittsburgh. I have sized it and dropped it in on the diagrams below (the yellow lines are just the outlines of the PNC basic footprint--could certainly be adjusted to fit the parameters here). Obviously there would most likely be more property along Demonbreun that would need to be purchased to give more elbow room for some additional retail, etc. that the ballpark would like to be part of. 

As far as the state helping with the bridges...I think there's a very good chance that they would.  They've been involved with other changes like upgrading interchanges near Nissan Stadium, so why would they be averse to doing even less expensive things like changing sidewalk widths, or helping with some of the costs of a pedestrian bridge over the freeway?

This is a prime site, and I'm sure the Nashville Stars people are in discussions about it. 
 

Sorry Mark, but this seems to be my morning for grousing over the pleathera of MLB posts lately.  As I just posted about shoehorning one of these at the foot of the Sigenthaler Pedstrian Bridge, I have similar doubts about your insistance for this site.  The shoe may fit but i  would expect bunions and foot cramps galore here..  Again, the number of games generated by MLB would totally screw traffic on the adjacent interstate.  I can ONLY see a stadium working on the Beaman site if there was a complete rework of the interstate...and I mean something like excavating down under the present lanes and double decking it each way, THEN roofing over it as well.  A nonstarter if I ever heard of one and we thought the soccer at the Fairgrounds was optomistic with the mixed use part.  This location is Just too important to waste on a venue only occupied for hours per day and not even every day.  This site and the Reed site must connect rather than interrupt the magificant start we have of building a new heart for Nashville.  As to my opinion about MLB (which I do not support as it would  undermine the great progress over by the Sounds Field) is that it EVER happens, the East bank is the logical location for it.  HOWEVER, I do not believe that the PSC site is the best one there due to its brownfield problems...which will be many, many FEET down instead of 3 or 4 feet as has been suggested.  No, If I were to pick a better site, it would be where all those old warehouses are on the other side of the Sileman interstate bridges.  Plenty of room and likely a relative bargan in price.  I think a development of a much improved greenway to Shelby Park could wind through a MLB park and let the old PSC site be excavated for a huge park with a marina connecting to First Horizon Park.  Locating a MLB facility closer to downtown and the Titans Stadium IMO would be a real tragedy.

[MLBrumby]

The more I hear the various ideas for the Beaman and Reed sites, the more I think there should be NO height limits at both. The market would dictate, but you might see one super tall on each plot over the next 15-20 years. I'd imagine it would make land planning there much simpler w/o having to get creative about how to set back and/or give up height with one building to get allowances at another. 

[markhollin]

Beaman has officially put the 17.8 acres in Midtown up for sale either in pieces or as a whole.

- 8.05 acres is 1501-1531 Broadway and 1512-1532 McGavock

- 1.95 acres at 1500 Demonbreun

- 6.8 acres is at 920-1000 Hawkins

Beaman has enlisted Rob Lowe and Robby Davis, co-senior managing directors of the local office of Cushman & Wakefield, to handle the marketing and sale of the property. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145637/beaman-offers-urban-real-estate-empire-for-sale

And at NBJ here:

https://www.bizjournals.com/nashville/news/2021/01/27/beaman-properties-on-the-market.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=1#cxrecs_s&s=print
 

[Bos2Nash]

7 minutes ago, markhollin said:

Beaman has officially put the 17.8b acres in midtown up for sale either in pieces or as a whole.

- 8.05 acres is 1501-1531 Broadway and 1512-1532 McGavock

- 1.95 acres at 1500 Demonbreun

- 6.8 acres is at 92-1000 Hawkins

Hot damn!! I can't read the article, but in the email blast I just got it mentions the Edgehill parcel is already under contract. Is that true??

Either way, talk about major players must be salivating with all this land coming up.

[MLBrumby]

Cha-ching! Cha-ching! Cha-ching! Cha-ching! Any guesses as to what's expected sales price(s)? I'd love to buy that old neon Pontiac sign. My mom drove Pontiac wagons for years. That Indian head is one of my earliest memories on her steering wheel. I guess it's now politically incorrect. 

Edited January 26, 2021 by MLBrumby

[nashvylle]

I have to imagine Hines will want to control the Broadway parcel + the Reed land they already own.

[titanhog]

Hope there’s a bidding war with some deep-pocketed Trillionaires wanting to build some 1000’ towers as their legacy. 

[LA_TN]

1 hour ago, titanhog said:

Hope there’s a bidding war with some deep-pocketed Trillionaires wanting to build some 1000’ towers as their legacy. 

With very little improvements (or structures) on the land, the price should be nearly as low as it could be.

I was just thinking earlier about Lifeway/Nashville Yards and was trying to remember the price and acreage of that. Any thoughts on what price this could be? 

[nashvylle]

7 hours ago, LA_TN said:I was just thinking earlier about Lifeway/Nashville Yards and was trying to remember the price and acreage of that. Any thoughts on what price this could be? 

I think SWValue Partners bought the Lifeway land for $115MM? I could be wrong though. 

[titanhog]

With it being right on the interstate, I’d say he’ll get $100 Million easily for just the land on Broadway.

[smeagolsfree]

16 hours ago, Bos2Nash said:

Hot damn!! I can't read the article, but in the email blast I just got it mentions the Edgehill parcel is already under contract. Is that true??

Either way, talk about major players must be salivating with all this land coming up.

True, and I suspect that will be multi family as that is what it is suited for. That is zoned for 5 stories and I do not think they will so an SP on that land to change the height if and when it is sold.

They will build within the current zoning, IMO.

Now the other sites can be turned into SP's and the height and uses changed to change the 15 story height limits.

[nashvylle]

2 hours ago, smeagolsfree said:

True, and I suspect that will be multi family as that is what it is suited for. That is zoned for 5 stories and I do not think they will so an SP on that land to change the height if and when it is sold.

They will build within the current zoning, IMO.

Now the other sites can be turned into SP's and the height and uses changed to change the 15 story height limits.

so no chance of anything over 15 stories here on future development?

[titanhog]

2 minutes ago, nashvylle said:

so no chance of anything over 15 stories here on future development?

Just on the Edgehill land.  The Broadway car lot should basically have unlimited height…so to speak.

[nashville born]

Man, first the Ritz news and now this.  Let me go buy a Powerball ticket right now!!!!

[smeagolsfree]

7 hours ago, nashvylle said:

so no chance of anything over 15 stories here on future development?

Thats not true if they can do a specific plan, then they can get more height I think. Would that be correct Craig?

Sort of what they aredoingwith other sites around town.

[Bos2Nash]

On 1/27/2021 at 11:05 AM, nashvylle said:

so no chance of anything over 15 stories here on future development?

On 1/27/2021 at 6:24 PM, smeagolsfree said:

Thats not true if they can do a specific plan, then they can get more height I think. Would that be correct Craig?

Sort of what they aredoingwith other sites around town.

I would saw it's not a complete zero chance, especially with the height we are seeing on division directly across the Interstate from the Edgehill site, but it would be a hard fought battle with the Edgehill Neighborhood. An SP in theory puts everything on the table, but the planning office takes context into account. The fact that we have hawkins street and the block of structures (which includes two non-descript office buildings and the recently completed Illume Condos) between the site and South Street make it a bit more plausible in my mind. It would really come down to how the buildings is tallest at the highway and steps down has it approaches South Street and 12th Ave. 

When we look at the Terrazzo tower and the proposed Buckingham along with the 5 story Novel Edgehill, the design would really have to speak toward those structures. One could make the arguments that a 20 story tower compliments the Buckingham tower on the diagonal while respecting the Edgehill Novel development and neighborhood and is comparable to Terrazzo. At that point it really comes down to community support and the presentation to the planning board.

All that being said, from a design perspective, I would say 15 to 20 would be the cap from a contextual level though.

[smeagolsfree]

I was talking more of the West End locations. Those are the ones that are zoned for 15. Those are the ones I was thinking would be switched to an SP.

The ones on Hawkins are zoned for 5 and will probably stay that way for a residential project. 

[titanhog]

5 hours ago, smeagolsfree said:

I was talking more of the West End locations. Those are the ones that are zoned for 15. Those are the ones I was thinking would be switched to an SP.

The ones on Hawkins are zoned for 5 and will probably stay that way for a residential project. 

You’re saying the Beaman car lot on Broadway is zoned for only 15?  How is it that Broadwest is 36 floors and 400+ ft?  Surely Beaman can get the same deal, right?

[smeagolsfree]

That is the core frame zoning & multi use zoning. Now an SP (specific plan)can change everything because there is a whole new set of rule that take effect then.

[MLBrumby]

I forget if that property is being marketed in the plats outlined in red (although I'm sure they'd sell it all together for the right price). So looking at that aerial photo from above McGavock (1503/1525 McGavock), if a developer were to build on the portion that goes from Demonbreun over to McGavock and up Mcgavock about a third the way up the block, a tower above 12 floors would all-but-block out any views of downtown from Rhythm.  Residents there might complain, but the rest of us won't be upset if that building is harder to see on the skyline. 

Edited January 30, 2021 by MLBrumby