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The Dave Luna Urban Planet Forum Meet , Sat. June 1st, 10 AM-noon @ Luna Llena Taqueria (300 James Robertson Parkway)

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Our next Urban Planet Nashville Meet-Up will be this coming Saturday, May 4th, from 10 AM to noon at Luna Llena Taqueria (300 James Robertson Parkway, at the NW corner of JRP and 3rd Avenue North). 

Some of the stories that we will be discussing include:   Swerdling's new attempt for a 25 story hotel at SW corner of KVB and Hermitage Ave;  Greystar to break ground on 19th & Broadway (26 and 16 stories);  The Purpose Hotel (17 stories) background that we can only discuss at the meet-up;  Capping the interstate with a park on western inner belt;  More massive airport expansion plans set forth for the next 15 years; Nashville Outpost (now Nashville Warehouse) $160 million mixed-use development in WeHo with new renderings; The massive positive impact of the NFL Draft On Nashville; and much more.  A full agenda will be posted on this thread in the next few days.

There will be a cheerleading contest at Municipal Auditorium this Saturday, so the free parking directly behind the restaurant might be fairly full.  There are plenty of other free options on the streets surrounding Luna Llena, especially to the north, as well as reasonable charge at Municipal Garage across JRP to the south.

Looking forward to another great meeting.  Hope to see you there!   : )

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I plan on being there early as usual for the early birds in the group. I get there by 8:30 to 8:45 to have time to set up for Mark, eat , and enjoy my coffee. 

See you guys there.

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Here's the Agenda for discussion at our next Urban Planet Nashville Meet-Up will be this coming Saturday, May 4th, from 10 AM to noon at Luna Llena Taqueria (300 James Robertson Parkway, at the NW corner of JRP and 3rd Avenue North):

  • Bob Swerdling is again looking at a hotel for the SW corner of KVB and Hermitage Ave/1st Ave. South, comprising 1.2 acres. Was available for $22 million from Frank May as of a year ago. Swerdling is looking at around 425 rooms, plus a ballroom, meetings space, and street level retail/food/beverage. It would appear that on that site, if it were to include and above ground garage, that it could be around 22-25 stories (disappointing, as this site deserves at least 35 stories). Metro zoning allows for up to 30 stories, with possible amendments. 
     
  • Greystar Real Estate Partners will break ground on their 26 story, 355 unit residential tower and 16 story, 220 room hotel at 19th Ave. South and Broadway any day now. It will also include a 489 capacity garage, retail along Broadway, and courtyard space between the towers. Metro Council gave unanimous approval to the plan on April 23rd. No new renderings yet.
     
  • Purpose Hotel (17 stories, 2-300 rooms) rendering floating around by Hastings Architecture.  This is a boutique hotel concept being funded via a Kickstarter Campaign by Jeremy Cowart where every time you book a room a poor child in the developing world gets sponsored, as well as helping combat human trafficking.  Now word yet on how funding is proceeding, location, etc. 
     
  • Nashville Civic Design Center and Vanderbilt University held a think tank on capping the I-40/65 inner belt between 12th Ave. South and Church St. on April 23.
     
  • Nashville's largest law firm, Bass, Berry & Sims, has retained Colliers International to help them find a new home somewhere downtown in the next 5 years (that's when their lease is up at Pinnacle Tower).  They currently take up 10 floors (200,000 sq. ft.) of that structure, and will be expanding even further, thus the need for more space.  This is a large enough client that it could warrant a new tower being built specifically for them.  It is possible that they could stay in Pinnacle, but others would have to move out to give them more room.
     
  • Heaven's Door Spirits and Center for the Arts will open in the fall of 2020 at the 159-year-old Elm Street Methodist Church at 614 5th Ave. South.  The Bob Dylan-affiliated venture will feature a craft whiskey distillery, a whiskey library, a restaurant, and a 360 seat performance venue.  It will also display pieces of Dylan's paintings and metalwork sculptures.  This is the structure that was most recently home to Tuck-Hinton Architecture. Yet another fantastic addition to lower SoBro with lots of historic significance.
     
  • It is now official that the Ardent Company out of Atlanta, now in a joint venture with country artist John Rich, have paid $18.5 million for the 5 story 1905-era 200 Broadway Building (currently home to Cotton Eyed Joe).  That works out to $973 per square foot. It would appear that it will become some sort of theme bar.
     
  • A large 2.05 acre parcel that combines 35 Hermitage Ave. and 34 Rutledge St. (just to the south of the soon-to-be-opened City Lights condo project) is for sale at an undisclosed asking price.  This has been home to Scott Sales since 1977, and features a nondescript 1 story warehouse.  It is zoned for up to 7 stories, and would most likely be attractive to a residential mixed-use developer, similar to City Lights. 
     
  • Metro Government plans to sell the Rolling Mill Hill-based District Energy System (90 Peabody St.--just on the other side of KVB from Ascend Amphitheater) to ENGIE North America for $60 million.  The facility produces steam and chilled water to heat and cool various downtown buildings. The Metro Council and DES customers — which include the State of Tennessee — will need to approve the sale. Andre Cangucu, chief development officer for ENGIE North America says, "Once we complete the contractual process and if we are approved by Council, we have a plan to invest nearly $250 million dollars to upgrade and grow the system, with two key objectives of creating cost-savings for customers and expanding capacity to meet the needs of downtown Nashville’s exponential growth.” ENGIE owns or manages more than 350 similar systems worldwide.
     
  • Capitol View will have further expansion with Merrill Gardens, an intergenerational senior-living community that will be based on a 2.8 acre site in the NE corner of the 32 acre development.  To be built by Second Fifty Communities of Charleston, SC and Pillar Properties of Seattle, it will be on the NW corner of 10th Ave. North and LifeWay Plaza (Jo Johnston Ave.).  No price tag or renderings available yet.
     
  • New rendering released for Hampton Inn at Capitol View (10 stories, 169 rooms).  This entire development is really looking terrific with all of the brick being utilized in the 6 structures so far. 
     
  • Capitol View’s 2.5-acre Frankie Pierce Park preps to open in June. The park will offer sand volleyball courts, a playground, a dog park and a yoga lawn. Frankie Pierce Park is also a trail head for the Gulch Greenway.
     
  • M Cubed Developments has paid $1.75 million for the .5 acre site at 810 Jefferson St. (just NW of the intersection of Jefferson and Rosa L. Parks Blvd) that was formerly home to a Church's Chicken.  No details ready for what the concept they have in mind, but they tend to do mixed-use developments.
     
  • All the machinations on the sale ($13.5 million) of the property at 641 Division St. for The Haven (10 & 11 stories, 299 units) are now complete for Travis Kelty, Joe Porter of Highpoint Division Partners, Prescient Company, and Guefen Development to move forward very soon.  The cost of the project is supposed to exceed $100 million.
     
  • New renderings of Nashville Warehouse Company (formerly Outpost Nashville), with some adjustments to details: Now 305 apartments in an 8 story structure (as opposed to 364 slated earlier). There will be an elevated athletic field on top of attached 2-3 story structure (perhaps some of the retail/restaurant tenants in that building. 200,000 sq. ft. of office space, and undetermined amount of retail/restaurant space in 3 structures ranging from 4 to 5 stories and interconnected. The live music venue will be outdoors, and the stage (made up of shipping containers) will be beneath the relocated Greer Stadium Guitar Scoreboard (which AJ Partners won in open auction) along the CSX railroad tracks on the SW side of the 5.2 acre site.
     
  • Plans for The Kirby (5 stories, 104 units, ground floor retail) at  1234/1236 Martin St. in WeHo are being altered to now fit in with future phases of The Finery (to the west across Martin St.). It appears the new design will be similar in size, but will have a different usage than primarily residential.  Hines Development out of Houston will be taking a more prominent role alongside Core Development.  More details to be released soon. 
     
  • WeHo Crossing will be the name of the 4 acre redevelopment of a large warehouse at 1414 4th Ave. South.  It will include 60,000 sq. ft. of office space, 12,500 sq. ft. of restaurant/retail space, and will be open in early 2020. Somera Road Inc. out of NYC is the developer, and Manuel Zeitlin is the architect. Renderings available.
     
  • NASCAR2Nashville released a rendering of expanded Fairgrounds Racetrack by Populous.  Looks like 25-30,000 capacity w/ luxury suites around the NW turn and massive digital scoreboard on SE turn. Councilman Colby Sledge says the image is “bizarre.” Mayor Briley rejects a $54 million bond/$2million from cash from city proposal by Speedway Motorsports ti make improvements to the Fairgrounds Racetrack.  The mayor will reject a deal involving funding from taxpayers to bring NASCAR back to the fairgrounds. 
     
  • Airport expansion pedestrian plaza renderings released.
     
  • More massive plans for airport over the next 15 years announced:

    - Starting in 2024, another 11 gates, and extend one runway to handle jets that fly nonstop  to/from Asia. Cost of $1.2 billion.  

    - The runway best-suited for expansion is about 8,000 feet long today and needs to grow by another 50% to accommodate the largest planes. The airport owns most of the land necessary but would need to buy a couple of residential properties on the other side of Murfreesboro Pike to have enough space.

    - The runway extension would involve lowering Murfeesboro Road, so drivers would pass underneath the runway (which is already the case in another spot on that road).

    - Starting around 2033, $1.6 billion more for a second terminal with 20-30 gates, and a tram to ferry passengers between the two complexes. The question to be addressed is whether to build it immediately south of the existing terminal, or east of Donelson Pike (in both cases, the airport owns the land needed).

    - Airport CEO Kreulen is forecasting 15% growth in passengers this year over 2018, when just under 16 million flew in/out of the airport.

    - The terminal hotel will be 11 stories, on top of the existing 5 levels of new Parking Garage A & B.  The airport is doing a "request for qualifications" now, and it will take another year or so to issue a formal, more specific "request for proposals," Kreulen said. The airport will pick two or three teams to bid for that proposal, based on who responded to the request for qualifications.

    - Many in the business community desire nonstop service to Asia. Japan invests more in Tennessee than any other foreign country, with nearly 180 Japanese-owned companies operating in the state.

    - At the end of what Kreulen dubbed BNA Vision 1.0, the airport will have 49 domestic gates, a 15% increase. The next expansion, which Kreulen named BNA Vision 2.0, would bring that total to 60, a nearly 25% jump.

    - The runway best-suited for expansion is about 8,000 feet long today and needs to grow by another 50% to accommodate the largest planes. The airport owns most of the land necessary but would need to buy a couple of residential properties on the other side of Murfreesboro Pike to have enough space.

     
  • Element Hotel (5 stories, 120 rooms) Elm Hill Pike near airport has rendering.  Currently u.c. 
     
  • More renderings released for the new 3 story, $20 million Davidson County Sherriff's Office, which is currently getting started at 710 South 5th St. It will eventually house about 250 employees.
     
  • Church conversion to office space at 1700 Fatherland now has designs.
     
  • Bill Martin's Grocery on 1 acre at 1105 Fatherland St. has sold for $3.54 million to Glengarry Partners. No word yet on their plans.
     
  • Hunter’s Station restaurant campus nearing completion.  New renderings.
     
  • The Plan for Music Row, an 87 page study about how to manage growth and change, has been released. Highlights, maps, renderings  available.
     
  • Curb Victory Hall (5 stories, 39 units) is about to get underway at the northern edge of the Operation Stand Down complex at the NW corner of 12th Ave. South and Edgehill Ave.  Tony Giarratana now has additional partner s in this development for homeless veterans: Mike Curb and the Home Depot Foundation. MDHA will manage the property once it is opened. R.G. Anderson will be in charge of construction, and it will be complete in 14 to 17 months. Demo underway.
     
  • Bate Avenue Residences will replace Southside Community Church (at one time Cane Memorial Church of God) at 2080 12th Ave. South. There will be ten multi-family homes built in two rows within the development.  No AirBnB units will be allowed. Rendering available.
     
  • Belmont University Parking Garage (4 stories, 830 spaces, 6 tennis courts on roof), just south of new Performing Arts Center at Compton and Delmar, has a rendering.
     
  • Ruby Sunshine, a New Orleans style all-day breakfast restaurant, will be the primary tenant of the new 2 story structure at 1800 21st Ave. South, on the site where Jackson's Bar & Grille used to be.  The owners say they will be open by the by year's end---but that seems a bit ambitious considering they haven't broken ground yet. Capacity 1ill be 174 guests.  Interestingly, it will sit directly across Belcourt Ave. from Nashville's most popular breakfast eatery, The Pancake Pantry. Rendering available.
     
  • Province Builders is planning a 3 story, 8 unit townhome project for 3206 West End Circle in West End Park.  This will replace the smaller nondescript residential building that was called Park Plaza Apartments. rootARCH is doing the design.
     
  • Sylvan Supply has announced its first two merchants: Iris Brewery and Barista Parlor.  The former Madison Mill factory at 4101 Charlotte Ave. encompasses 7 acres, and will feature 130,000 sq. ft. of creative office space, and 33,000 sq. ft. of retail.restaurant space.  Set to open sometime in 2020.
     
  • New renderings for Publix Grocery at 8th Ave. South and Bradford Ave.
     
  • GBT Realty has won the bid from the city for the former fire station at 2025 Richard Jones Rd (.87 acre) that sits immediately to the north of the 18 story Vertis Green Hills development.  The price is $4 million.
     
  • The Carroll Companies have paid $7.6 million for another 76 acre wooded plot along I-24 that will feature 550 residential units at a cost of $72 million.  This is just south of the $1.7 billion Century Farms development. Just 2 years ago, The Carrolls paid $3 million for 30 acres off of Murfreesboro Pike for a 339 unit project involving apartments and townhomes which has not started yet.
     
  • The Burkitt Commons development by Regent Homes in Nolensville is underway. It will have a feel very much like Lenox Village in south Nashville. There will be mixture of 800 residences made up of townhomes, condos, and single family homes.  There will also be coffeeshops, restaurants, boutiques, and services businesses.  There will also be community's outdoor pavilions, picnic areas, and a fenced dog park, and will be very walkable, with wide sidewalks and decorative street lights. About half of the site will be undeveloped green space. 
     
  • Southbrooke will be another massive residential development consisting of 781 homes (single family, duplex, and quadraplex units) on 313 acres next to Stream Valley on Lewisburg Pike. There will also be 122 acres of proposed open space which will offer hiking and bike trails. Renderings available.
     
  • 3.6 acres at 201 Cool Springs Blvd. now for sale by Innovations Group for unlisted price.  Zoned for hotel/office.  Overlooks Legends Golf Course. Rendering of what hotel might look like there is available.
     
  • South Corridor Transportation Study is kicking off for Maury, Williamson, and Davidson Counties. Put together by Greater Nashville Regional Council, WeGo Public Transportation, and TDOT.  A series of community meetings planned in each county in late April/early May.
     
  • The Sonya Drive mixed-use development on 30 acres at 7315 Sonya Drive, just south of the I-40 Old Hickory Blvd. exit in Bellevue has seen some adjustments. It will now have 94 residential units (down from 250), a 170 room hotel, and 18,000 sq. ft. of commercial space. 
     
  • Archer Datacenters is set to buy 30 acres on Gateway Drive in Gallatin (directly across the street from Beretta USA's factory) to build a 70,000 sq. ft. data center in 2020.  It will serve as a "colocation" center where space will er rented out to servers and other hardware businesses looking to securely store data. 
     
  • Montgomery County officials unveiled plans for a $105 million multi-purpose event center for downtown Clarksville at 2nd and College Streets.  The article doesn't list the capacity, but from the renderings, I estimate that it would be about 5,500 for hockey, 6,500 for basketball, and 7,000 for concerts.  The center would also include a second ice sheet, and restaurant/bar. Renderings available.

NASHVILLE REMAINS HOT:

  • Davidson County issued $1.43 billion in building permits in the first. Quarter of 2019, $326 million better (+30%) than previous best quarter (2nd quarter of 2018).
     
  • Nashville's industrial market has 3.9 million sq. ft. of construction underway, following a 2018 where there was 2.6 million sq. ft. of space delivered.  This 50% jump means that Nashville is leading the nation in construction of industrial space by percentage according to Avison Young.
     
  • Urban Land Institute Convention had over 4,300 attendees from all over the world at MCC.  Best spring meeting attendance in their history.
     
  • Urban Land Institute did major features on 5th & Broadway, WeHo, Why is Nashville continuing to grow, and Boutique Hotels around Printers Alley on their website.
     
  • Joseph Pitchard, Managing Director the Dallas-based developer Crescent Real Estate, says his company is bullish on Nashville.  They have other plans beyond the Embassy Suites/1 Hotel (30 and 18 stories) project underway at 8th Ave. South and Demonbreun.  "You'll see a lot more of us. We view this as our beachhead project."Crescent has over 3 million sq. ft. of office space, 1,500 hotel rooms, and more than 6,500 apartments in its portfolio nationwide, including Dallas, Denver, Atlanta, Tucson, and Annapolis, MD.
     
  • John Tuttle, the C.O.O. of the NYSE says Nashville is the strongest southern city, and one of the top 3 in the country for business growth and development in the next 20-30 years. He notes the technology and healthcare sectors here are tremendously strong and continuing to grow. Says new business IPOs and VC are extremely positive there and growing at a rapid rate.
     
  • Nashville ranked Best Place to Live in Tennessee, and #15 in the nation, according to U.S. News and World Report.
     
  • Airport sets another new record for Feb: at 1,171,690, up 15.5% form Feb. 2019. 2018 on pace for 18 million passengers.
     
  • British Airways is VERY pleased with their Nashville service, which began 11 months ago, and last month upped to flights 7 days a week (had been 5).  An airline normally makes profit if at least 70% of a flight is occupied, Kreulen said. So far, occupancy is in the high 80's on the British Airways flights, Kreulen said. "I think they're pretty happy with the returns," Kreulen said, citing a 31% profit in their first quarter and a 24% margin in their second quarter.
     
  • On average, a plane lands or takes off from BNA every two minutes now.
     
  • Nashville's Peg Leg Porker is chosen as the #1 BBQ joint in Tennessee by Southern Living Magazine.
     
  • The Guardian of of the U.K. had a large feature in the April 16th edition entitled, “Bachelorettes, Bibles, and Amazon: Is Nashville the perfect model for a second-tier city?”
     
  • The Wall Street Journal had a feature entitled “The Secret of Nashville’s Success” in their April 16th issue.
     
  • Western Express trucking company announces that they will be hiring 225 new HQ jobs here in Nashville over the next 5 years, which is an $88 million investment. Their offices will remain at 7135 Centennial Place in West Davidson County.
     
  • Ryman Hospitality is partnering with Gray Television to launch a new TV channel and on-demand streaming service. The still-unnamed venture will be based in Nashville.  Its distribution network closely aligns with our fan base and will allow us to quickly scale our delivery of existing and original artist-centered content to help reach the 110 million country music fans in the United States.
     
  • A Gold Cup soccer game will take place at Nissan Stadium on Wed. July 3rd. With it being around Independence Day, there should be a huge crowd even though it is on a weeknight. Another showcase opportunity for hosting World Cup in 2026.
     
  • Bridgestone Arena had one of its busiest months in history with 385,000 attendance in 14 different events covering 21 days.  This included the SEC Basketball Tournament (13 games), World's Toughest Rodeo (2 nights), UFC Fight Night, 5 sold-out Preds games, (now up to 152 straight sellouts), concerts by PINK, Travis Scott, Mumford & Sons, Impractical Jokers, Zac Brown Band, and Kelly Clarkson. 
     
  • Buzz around the NFL Draft was huge.  Adam Schifter of ESPN said “Drafts in NYC, Chicago, Philly, and Dallas were tremendous and all were great hosts. But there has never been a scene like this for any draft in any sport, ever. Nashville’s insane.”  Many more quotes like this from other sports broadcasters, etc. NFL states that the crowd size averaged 200,000 per day over the 3 days.  
     
  • NFL Draft in Nashville had it’s all-time high TV viewership of 47.5 million over the 3 days on ABC, EXPN, NFL Network, and ESPN Deportes.

    Hope you can join us for lively, fun discussion about all of the wonderful activity happening around our fair city.    : )
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Totally intended to be there this month, but I was given free tickets to the Kentucky Derby yesterday so... I'll be enjoying a mint julep or 3.  See yall next month 

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Right now the parking lot is wide open. I dont know if the event was canelled at Municipal Auditorium or not but there seems to be no one there.

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