Nashville Bits and Pieces

[smeagolsfree]

This week’s bits and pieces:

Both of these next articles are a big disappointment.

The Tennessee Hospital Association has decided to move from their current location off of Nolensville Rd. to a new yet to be built facility in Brentwood. This is actually in Cool Springs but on the Brentwood side.

http://www.bizjournals.com/nashville/news/2011/12/13/tennessee-hospital-association-buying.html

Cornerstone Realty is moving from its Grassmere location to Maryland Farms in Brentwood.

http://www.bizjournals.com/nashville/news/2011/12/16/cornerstone-moving-to-maryland-farms.html

Downtown Building sold to Dave Ramsey

http://www.bizjournals.com/nashville/news/2011/12/16/historic-downtown-building-sells-for.html

According to the Nashville Post the new Greyhound terminal is set to early 2012.

Specialty Surgical Instrumentation Specialty Surgical InstrumentationLatest from The Business JournalsPremier signs supply contractsSSI tapped by FAS Medical LimitedFollow this company in Nashville, is purchasing the surgical instruments business of Codman & Shurtleff Inc. Codman & Shurtleff Inc.Latest from The Business JournalsSynergetics Q4, 2010 profits riseJohnson & Johnson cutting 7,000 jobs; no word on ABQ impactJohnson & Johnson cutting 7,000 jobsFollow this company— a J&J division — with plans to combine both operations in Nashville.

Here is the full article from the NBJ

http://www.bizjournals.com/nashville/morning_call/2011/12/surgical-device-maker-makes-165m.html

Frost, Brown, & Todd are moving form the Fifth Third building to the Pinnacle and from 15,000 sq ft to 42,000 sq ft.

UBS Global ruled the Pinnacle Building out and are still looking for 60,000 sq ft. to consolidate all of their Nashville offices.

[nashvylle]

I've been hearing about UBS as well.

Tony if you're reading this, contact them now!

[smeagolsfree]

Harwell Howard Hyne Gabbert & Manner moving to AT&T Building.

From the post:

http://nashvillepost.com/news/2011/12/19/h3gm_announces_move_to_att_building

[nvestnbna]

I heard this morning that Jim Reed Hyundai and Suburu sold. This could accelerate some of the redevelopment of the dealership properties between Broadway 17th Church and 15th. Most of that has been on hold but I think they finally are throwing in the towel on the car operation.

[smeagolsfree]

I was wondering about that myself.

The land is owned by Broadway realty company. I dont know if it was the land and the dealerships were sold or the dealershipsonly.

http://nashvillepost.com/news/2011/12/19/jim_reed_dealerships_sell

[jdavidf]

I heard this morning that Jim Reed Hyundai and Suburu sold. This could accelerate some of the redevelopment of the dealership properties between Broadway 17th Church and 15th. Most of that has been on hold but I think they finally are throwing in the towel on the car operation.

According to this morning's Tennessean, the new owners intend to stay... new name Downtown Subaru and Downtown Hyundai... so I guess there will be car dealers along there for the foreseeable future....

[nashvylle]

While I understand why the owners love that location and won't relocate, that is really unfortunate for Nashville. With the BRT going along West End, this could be remarkable for urban development. If, IF, West End Summit were to happen, that stretch along West End would be incredible.

[barakat]

I really don't like the dealerships taking up so much valuable, underused real estate, but I understand why they like the location. I'd rather see all that frontage along Broadway filled with density; retail, restaurants, living space. A friend visiting from NYC described that stretch of Broadway as "so suburban," and she is correct.

[smeagolsfree]

Beaman owns a huge area on the other side of West End that goes almost to the round about. Not only that, they own a huge lot on the other side of 12th Ave. past the interstate. They have built a couple of new buildings on thier property as well which means they are probably not going anywhere for a while. I agree with all of you that the days of the downtown dealerships should be over for a city the size of Nashville. I am just glad I dont have to pay the property taxes on that land and I dont understand how they are able to compete with other dealers.

[smeagolsfree]

New wound treatment center @ Baptist

http://www.newschannel5.com/story/16361051/baptist-hospital-receives-largest-donation-in-history

[MTSUBlueraider86]

Beaman is not going anywhere, in fact they are expanding and will be very soon.

[fieldmarshaldj]

It's too bad we couldn't build atop those dealerships.

[timmay143]

Or build something there and put the dealerships on top, .

[samsonh]

So did a little driving today and noticed that Belmont has torn down an old house next to their health sciences building that will be the future location of a 4 or 5 story building to break ground in May I believe. Also noticed that a lot of work has begun on Pine St Flats.

[smeagolsfree]

So did a little driving today and noticed that Belmont has torn down an old house next to their health sciences building that will be the future location of a 4 or 5 story building to break ground in May I believe. Also noticed that a lot of work has begun on Pine St Flats.

I need to check that out. Do you recall if it is a dorm building or something else?

A couple of items of note from the NBJ today.

Sears and K mart locations to close

http://www.bizjournals.com/nashville/news/2011/12/29/hickory-hollow-sears-hendersonville.html

ServiceSource expanding downtown.

http://www.bizjournals.com/nashville/news/2011/12/29/servicesource-expanding-nashville.html

[MidTenn1]

Really surprised Bellevue's not on the Sears closing list. Maybe later or possibly they have such a sweet deal from the property owners that they have little overhead. I've always wondered about that.

Edited December 30, 2011 by PHofKS

[samsonh]

I need to check that out. Do you recall if it is a dorm building or something else?

A couple of items of note from the NBJ today.

Sears and K mart locations to close

http://www.bizjourna...ersonville.html

ServiceSource expanding downtown.

http://www.bizjourna...-nashville.html

The Belmont building will be a classroom building I believe

[smeagolsfree]

Office and Industrial markets improving. All very good news and hopefully some office tower construction in 2012.

All from the NBJ

http://www.bizjournals.com/nashville/news/2011/12/30/report-nashvilles-industrial-market.html

http://www.bizjournals.com/nashville/news/2011/12/30/report-office-market-continues-to.html

[dmillsphoto]

This. Would. Be. Fantastic. Especially if it's the big box.

http://www.tennessean.com/article/20111230/NEWS/111230016/IKEA-possible-candidate-Charlotte-Ave-commercial-site?odyssey=tab{sodEmoji.|}topnews{sodEmoji.|}text{sodEmoji.|}FRONTPAGE

[fieldmarshaldj]

I need to check that out. Do you recall if it is a dorm building or something else?

A couple of items of note from the NBJ today.

Sears and K mart locations to close

http://www.bizjourna...ersonville.html

ServiceSource expanding downtown.

http://www.bizjourna...-nashville.html

Yet another blow for Hickory Hollow. This was the Sears my former fiancee worked at for a few years until 2003. She said it was clearly deteriorating at that time as Sears decided to aim lower with its clientele. Unfortunate, but yet not terribly surprising.

[smeagolsfree]

This. Would. Be. Fantastic. Especially if it's the big box.

http://www.tennessea...{sodEmoji.|}text{sodEmoji.|}FRONTPAGE

Look for a very ambitious plan for this property. They have 32 acres to work with and I will bet there will be a considerable investment in this area. I am looking forward to the final plan.

[timmay143]

I had no clue this center for opera operations (rehearsal, fun raising, etc.) existed for the Nashville opera.

http://artnownashvil...stigious-grant/

Edited January 4, 2012 by timmay143

[MidTenn1]

_{It's located in the West End/I-440 neighborhood. It's a beautiful facility that also serves Nashville Ballet society.}

[nashvylle]

From the Tennessean-

http://www.tennessean.com/article/20120103/DAVIDSON/301040056/2012-promises-big-things-West-Davidson-neighborhoods-?odyssey=mod{sodEmoji.|}newswell{sodEmoji.|}text{sodEmoji.|}{sodEmoji.|}p

[smeagolsfree]

Office and industrial vacancy rate showing a lot of improvemnet.

Very good news.

http://nashvillepost.com/blogs/postbusiness/2012/1/3/regions_real_estate_markets_carrying_momentum_in_12

http://www.tennessean.com/article/20120104/BUSINESS02/301040114/Nashville-s-office-market-sees-increased-deal-activity?odyssey=mod{sodEmoji.|}newswell{sodEmoji.|}text{sodEmoji.|}FRONTPAGE{sodEmoji.|}s