East Bank – I-24 to the Cumberland/I-24 Overpass up to Jefferson – 338 Acres, Nissan Stadium, "Imagine East Bank"

[markhollin]

Real estate developers soon could be jockeying for the rights to develop 40 acres of land surrounding the proposed $2.1 billion domed stadium for the Tennessee Titans.

Legislation under review at Metro Council would authorize Metro to formally solicit a development partner on government-owned land near the potential new stadium, as depicted on the map below.

The land to be developed is a critical piece of how a stadium would be financed. The property likely will be included in a yet-to-be-drawn area surrounding the stadium in which half of sales tax revenues would be used to help pay off the $760 million of debt Metro would take on under the proposed stadium deal.

Particulars of the formal solicitation aren't yet public, though Mayor John Cooper has said Metro will not sell land, which means the government would lease it to developers.

The bid would be issued "immediately" if Metro Council approves the legislation, said Cooper spokesman TJ Ducklo.

That legislation describes the 40 areas as the "initial development area" and calls it "critical to accomplishing coordinated development."

The legislation says Metro is seeking a developer "with substantial resources and a record of successfully completing comparable projects."

Proposals from developers "must address … the provision of infrastructure, diverse and attainable housing, parks and green space, and transportation and mobility facilities," according to the legislation. "Proposers must demonstrate financial and management capacity suited to the project and a record of successful completion of comparable projects, including transit-oriented developments in mixed-use urban environments."

In particular, the land immediately bordering the new stadium would be developed "simultaneously" as the stadium, Ducklo said, "in order to make sure the site is well-coordinated. For example, installation of utilities, parking, transportation should be integrated with development happening around the stadium."

To enable that simultaneous activity, Ducklo said, the Titans would waive restrictions in the team's current lease with Metro that make it just about impossible for Metro to build on the land today.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/11/02/titans-nfl-domed-stadium-proposal-real-estate-bid.html
 

[andywildman]

2 hours ago, markhollin said:

Real estate developers soon could be jockeying for the rights to develop 40 acres of land surrounding the proposed $2.1 billion domed stadium for the Tennessee Titans.

Legislation under review at Metro Council would authorize Metro to formally solicit a development partner on government-owned land near the potential new stadium, as depicted on the map below.

The land to be developed is a critical piece of how a stadium would be financed. The property likely will be included in a yet-to-be-drawn area surrounding the stadium in which half of sales tax revenues would be used to help pay off the $760 million of debt Metro would take on under the proposed stadium deal.

Particulars of the formal solicitation aren't yet public, though Mayor John Cooper has said Metro will not sell land, which means the government would lease it to developers.

The bid would be issued "immediately" if Metro Council approves the legislation, said Cooper spokesman TJ Ducklo.

That legislation describes the 40 areas as the "initial development area" and calls it "critical to accomplishing coordinated development."

The legislation says Metro is seeking a developer "with substantial resources and a record of successfully completing comparable projects."

Proposals from developers "must address … the provision of infrastructure, diverse and attainable housing, parks and green space, and transportation and mobility facilities," according to the legislation. "Proposers must demonstrate financial and management capacity suited to the project and a record of successful completion of comparable projects, including transit-oriented developments in mixed-use urban environments."

In particular, the land immediately bordering the new stadium would be developed "simultaneously" as the stadium, Ducklo said, "in order to make sure the site is well-coordinated. For example, installation of utilities, parking, transportation should be integrated with development happening around the stadium."

To enable that simultaneous activity, Ducklo said, the Titans would waive restrictions in the team's current lease with Metro that make it just about impossible for Metro to build on the land today.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/11/02/titans-nfl-domed-stadium-proposal-real-estate-bid.html
 

Wouldn't a single developer's mega-project take longer? I'd rather they bid out blocks with some sort of guidance as to what they want in those respective parcels.

For example, parcel 102 is zoned DTC, requires 50,000 sq ft of retail and 250+ units of residential with max 200 parking spots, and 10% of residential units are reserved for under 60% AMI. Who wants to build on it?

[smeagolsfree]

A single developer is risky too. All of your eggs in one basket, probably no variation in design, risk of developer going bankrupt in today's real estate climate or at least a big delay, not getting the top dollar for your potential. I will reserve comments on anything else.

I will say this deal is going to get dissected like a frog in biology class when council gets a hold of it. Prepare for some bickering in council and probably some if not a lot of push back. 

[Auntie Yock]

19 hours ago, markhollin said:

Real estate developers soon could be jockeying for the rights to develop 40 acres of land surrounding the proposed $2.1 billion domed stadium for the Tennessee Titans.

What about the mule?

[Sean blackdog]

Tap this pic ^ more pictures. 

[nashvylle]

4 hours ago, Sean blackdog said:

Tap this pic ^ more pictures. 

Photos / link does not work for me. 

[Sean blackdog]

44 minutes ago, nashvylle said:

Photos / link does not work for me. 

Maybe keep going. 

[lmc123]

From the TDOT long range plan with "choice lanes":
 

Link to the study with more potential renderings:

https://www.tn.gov/content/dam/tn/tdot/congestion-studies/TDOT_CAPCompilation_MiddleTNAppendix_2022_08.pdf

[BnaBreaker]

49 minutes ago, lmc123 said:

From the TDOT long range plan with "choice lanes":
 

Link to the study with more potential renderings:

https://www.tn.gov/content/dam/tn/tdot/congestion-studies/TDOT_CAPCompilation_MiddleTNAppendix_2022_08.pdf

I wonder how much space is taken up by highway interchanges in the core?  Just going by the eye ball test, it is probably at least as much acreage as all of downtown at least, right?

[downtownresident]

2 hours ago, lmc123 said:

From the TDOT long range plan with "choice lanes":
 

Link to the study with more potential renderings:

https://www.tn.gov/content/dam/tn/tdot/congestion-studies/TDOT_CAPCompilation_MiddleTNAppendix_2022_08.pdf

Thank you for posting, this is an interesting document that has some very detailed plans for the DT loop reconstruction. 

[go_outside]

16 hours ago, lmc123 said:

From the TDOT long range plan with "choice lanes":
 

Link to the study with more potential renderings:

https://www.tn.gov/content/dam/tn/tdot/congestion-studies/TDOT_CAPCompilation_MiddleTNAppendix_2022_08.pdf

Those braid ramps would be so helpful. Our current situation, where vehicles must repeatedly merge to opposite sides of the freeway just to stay on the same route, is dangerous and significantly contributes to downtown loop congestion.

If they can fit those improvements within the existing ROW, I'm all for it.

[markhollin]

A proposed Music City Children's Museum (80,000 sq. ft.) is looking at the East Bank.

https://www.wkrn.com/special-reports/nashville-forward/committee-hopes-to-bring-childrens-museum-to-music-city/


More info on the group:

https://www.musiccitychildrensmuseum.org/

 

[nashville born]

1 hour ago, markhollin said:

A proposed Music City Children's Museum (80,000 sq. ft.) is looking at the East Bank.

https://www.wkrn.com/special-reports/nashville-forward/committee-hopes-to-bring-childrens-museum-to-music-city/


More info on the group:

https://www.musiccitychildrensmuseum.org/

 

Thanks for this, Mark.  Site visited and pledge registered!

I'm for anything positive that makes Nashville a family friendly destination!

[andywildman]

4 minutes ago, nashville born said:

Thanks for this, Mark.  Site visited and pledge registered!

I'm for anything positive that makes Nashville a family friendly destination!

Seconded. Dreaming of a kickass park/playground in the floodplain area, with a couple family-friendly destinations like this, all near transit and just down the Davidson Road bikeway from Shelby Park - would be a great way to engage families in the city without requiring car trips.

[PillowTalk4]

I really like the idea of establishing a children's museum in Nashville.  I made a pledge as well.  I hope this will be a combination of grassroots and corporate sponsorship to get it done. 

[Baronakim]

5 hours ago, PillowTalk4 said:

I really like the idea of establishing a children's museum in Nashville.  I made a pledge as well.  I hope this will be a combination of grassroots and corporate sponsorship to get it done. 

Techically the Adventure Science Center IS a children's museum as it was built to replace the original Children's Museum that was  in an old Civil war building behind the Howard Office complex on Second Avenue.  The name was changed  back in the 1980's I think I recall, but it has always had it's operation and exhibits oriented to children above all.

 

[donNdonelson2]

53 minutes ago, Baronakim said:

Techically the Adventure Science Center IS a children's museum as it was built to replace the original Children's Museum that was  in an old Civil war building behind the Howard Office complex on Second Avenue.  The name was changed  back in the 1980's I think I recall, but it has always had it's operation and exhibits oriented to children above all.

 

You are absolutely right. I think than instead of trying to establish a new “children’s museum,” there should be a major expansion of Adventure Science Center. And change the name to “Adventure Science Center & Children’s Museum.” Its current high visibility location, close but separated from the chaos of downtown, can work to a great advantage.

(and they already have a seriously KICK ASS planetarium!)

[bnacincy]

I'm old enough to remember the Civil War building housing the old Children's Museum.  And then that closed and what is now called Adventure Science Center was opened and was called the Cumberland Science Center or something to that effect.

Since I was always thought the Adventure Science Center was a children's museum I now wonder what exhibits a children's museum would have that the current facility does not have.

Edited December 7, 2022 by bnacincy

[MLBrumby]

Seems to me that Nashville is big enough now to support a (splitting up of the Adventure Science Center) natural history museum AND a children's museum. 

[markhollin]

The Metro Planning Department is applying for $500,000 from the U.S. Environmental Protection Agency to study possible environmental contaminants — what Metro calls a “first yet highly important step in initiating redevelopment.” It would require no Metro matching funds.

Dating back to the 19th century, the properties have been home to industrial and other uses that could have left environmental contaminants, though Metro notes the area “has never been studied.” Among the historical uses are lumber yards, brickyards, coal and ice distributors, and bridge and barge manufacturers. Possible contaminants could include petroleum, creosote, lead, asbestos and wood-treatment chemicals, according to Metro.

A study would “allow Metro to quantify the scale and scope of potential cleanup activities necessary for successful transformation of the East Bank,” the application notes.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/politics/metro/metro-seeks-funds-to-study-possible-contaminants-on-east-bank/article_a5699422-7ca1-11ed-a487-1b5bad69584f.html

[MLBrumby]

Does the article mention the boundaries of the testing?  Is it just for the footprint of the new stadium and redevelopment neighborhood?  Or would it include the PSC site? 

[markhollin]

40 minutes ago, MLBrumby said:

Does the article mention the boundaries of the testing?  Is it just for the footprint of the new stadium and redevelopment neighborhood?  Or would it include the PSC site? 

It appears it is basically the footprint for the new stadium initially.

[lmc123]

East Bank developer RFQ responses are due Friday! Will be interesting to see how this plays out the next few weeks:

https://r12.oci.nashville.org/OA_HTML/OA.jsp?page=/oracle/apps/pon/negotiation/inquiry/webui/ponAbstractExternalPG&_ri=396&PON_ORGANIZATION_ID=83&_ti=1598254411&oapc=2&oas=ywNuP46AQ6L_2z9K72jwoQ..

[markhollin]

Mayor Cooper did an interview with NBJ regarding all things East Bank:

https://www.bizjournals.com/nashville/news/2023/03/01/cooper-east-bank-oracle-titans-stadium.html

[markhollin]

Real estate developers have passed the first of three checkpoints Metro created to decide who wins the right to build on city-owned land surrounding the site of a proposed $2.1 billion domed professional football stadium.

Metro now is evaluating responses to its formal "request for quotation" that initially pertains to 30 acres on the East Bank of the Cumberland River. Responses were due March 3, with more submittals to come from selected finalists.

At least 10 developers showed interest in the bid by participating in a January pre-offer meeting with Metro, according to a list of attendees provided by the Metro Department of Finance.

The names included some of the largest and highest-profile developers in the country. Those developer names include Brookfield Properties, Hines, Lincoln Property Co., Sterling Bay and The Fallon Co.

Participation in the pre-offer meeting does not mean a developer went on to submit a response. Design firms Perkins Eastman and Kimley-Horn appear to be involved in certain bids, as those firms were the subject of a special-called Feb. 22 meeting of the Metro Procurement Standards Board

Zak Kelley, an official at Metro Finance, cited Metro law in declining to disclose the number of active bidders or their identities.

"I can only advise that evaluation and interviews are ongoing," Kelley said.

Kelley's comment references the first two of the three steps in Metro's East Bank bid process. Development teams can earn a maximum of 100 points in each round; the winner will have the highest cumulative score, according to Metro bid documents.

In the first round, developers are awarded points based on: team background; financial resources; experience in relevant past projects; a diversity plan; and a narrative describing how they would approach this project. For that final criterion, Metro's bid poses 11 questions, touching on subjects such as creating a unique neighborhood, working in flood-prone areas and building housing for a range of incomes.

Bidders deemed to be "qualified" will advance to the second round, which is an interview. Five people are on the panel, Cooper said.

From there, developers will advance to the third stage, where they will be evaluated on specifics such as a "development and infrastructure plan and approach; financial approach and proposal; and team leadership structure," according to Metro documents.

It's not clear when Metro will complete the bid process and announce which firm will win the bid. "Metro reserves the right for additional rounds if deemed necessary," reads Metro's request for quotation.

Cooper previously told the Business Journal that he hopes Metro has finalized that pick before he leaves office. Metro intends to lease the land to its selected developer.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/03/16/metro-east-bank-rfq-bid-update-stadium-developer.html