Nashville Bits and Pieces

[titanhog]

I have a question for you guys who have watched Nashville develop over decades and have knowledge of booms and slow-downs.

Is it kinda the "slinky" effect...where development catches fire, you build until the market is a little oversaturated, then wait for the demand to catch up again?  Then, you start all over?  Of course, I realize there are tons of market details that are determining factors, but is it pretty much as simple as the slinky analogy?

Also...with a perceived slow-down looming...can anyone foresee, based on the past, when it would probably catch fire again?

[markhollin]

The Nashville chapter of commercial real estate development association NAIOP held its annual awards ceremony Thursday night at Omni Nashville Hotel. Highwoods Properties (Bridgestone Americas Tower) and MarketStreet Enterprises (Gulch Crossing) captured the developer and development of the year award, respectively. The complete list of Middle Tennessee award winners is in the article:

http://www.nashvillepost.com/business/development/article/20491472/highwoods-marketstreet-lead-naiop-winners

[markhollin]

Shortage of condos makes the Nashville market very competitive right now:

http://www.tennessean.com/story/money/homes/2016/03/11/condo-sales-surge-competitive-housing-market/81234506/
 

[smeagolsfree]

10 hours ago, titanhog said:

I have a question for you guys who have watched Nashville develop over decades and have knowledge of booms and slow-downs.

Is it kinda the "slinky" effect...where development catches fire, you build until the market is a little oversaturated, then wait for the demand to catch up again?  Then, you start all over?  Of course, I realize there are tons of market details that are determining factors, but is it pretty much as simple as the slinky analogy?

Also...with a perceived slow-down looming...can anyone foresee, based on the past, when it would probably catch fire again?

That is a pretty good way to put it, however this is a boom unlike any Nashville has ever seen. I think our best preview is look at cities like Austin, Charlotte, and Atlanta to compare what is going on now. It may be a matter of past the point of no return, in other words this may go on, in some manner, for a decade or more. You will have a lot of building, then it will slow down some and pick up with the growth feeding on the growth. A synergism if you will.

Now the national economy can and will play a role in that. However, during the last recession, Austin slowed some but was still growing by leaps and bounds compared to the rest of the country.

 

My guess if all , as far as the national economy stays stable, we will see another pick up in late 2018 or early 2019.

Again, these are personal observations and I am no expert by any stretch of anyone's wildest imagination.

[Neigeville2]

Giant dong building in Miami will incorporate, seemingly, a couple of drop rides.  I don't know why the one proposed for Nashville has to take up some vast acreage.  If it were just a building without surface parking it would look great on the East Bank and really add to the family-friendly entertainment options.

 

[titanhog]

^^This is our chance to do a huge guitar neck coming out of the ground.  Then...each tuning key up top can spin as a ride...or the strings can be a tube you can slide back down to the ground in of. 

[Vrtigo]

I can appreciate the entertainment value and tourist draw that some type of ride or coaster would inherently bring. But really, the last thing I want to hear constantly at all hours of the day is the screaming and noisy rattling that would accompany such a thing.

It's one thing when you're at an amusement park the noise is to be expected, but what if I wanted to spend a quiet afternoon in the park reading a book?

[NissanvilleTitans]

You can at home. If I go out I want to do something fun. Not read. 

[markhollin]

Nashville is getting a Madame Tussaud's Wax Museum that will feature primarily musicians.  Will be in Opry Mills Mall.  Personally, I think they would do much larger business if it were in a downtown location. I've been to the one in central London.  Pretty cool, and quite popular tourist destination.
 

http://www.bizjournals.com/nashville/blog/2016/03/madame-tussauds-opening-a-wax-museum-in-nashville.html

Edited March 16, 2016 by markhollin

[titanhog]

1 hour ago, markhollin said:

Nashville is getting a Madame Tussaud's Wax Museum that will feature primarily musicians.  Will be in Opry Mills Mall.  Personally, I think they would do much larger business if it were in a downtown location. I've been to the one in central London.  Pretty cool, and quite popular tourist destination.
 

http://www.bizjournals.com/nashville/blog/2016/03/madame-tussauds-opening-a-wax-museum-in-nashville.html

Yes...that needs to be downtown on Broadway.

[donNdonelson2]

I'm sure their overhead costs will be much less at the mall than they would be at any downtown location. (Although I too would prefer to see it as a downtown area attraction.)

[BnaBreaker]

Man, what a waste having it twenty minutes outside downtown in a mall.  Imagine all the business they'd get simply from people just walking by on Broadway who stop to get their pictures taken with the one or two figures they usually have out on the sidewalk.  Far fewer tourists are going to make the trip all the way out to an outlet mall to see this. 

[smeagolsfree]

I think maybe there will be a move at some point, maybe to one of the new projects due to open over the next few years or so.

[markhollin]

^ ^ ^ Yeah, I would think a Madame Tussauds location in the new Fifth and Broadway complex, or SW Venture/LifeWay development, or even a rebuild of a location on 2nd Avenue would make a lot of sense.  The one in England was packed even on a weekday.

[titanhog]

Just saying "Madame Tussaud's at the Opry Mills Mall" doesn't sound right.  My first thought is that it has to not be a REAL Madame Tussaud's if it's at a mall (even though I realize it's real).

[Will]

I'm actually relieved it's not going downtown as I had assumed when I saw the headline. To a resident, downtown can feel like a bit of a tourist bubble sometimes. We already have a critical mass of fun-and-characteristic-but-tacky restaurants and bars downtown. I see no problem with spreading the cheez-wiz around to other parts of town, and Opry Mills is a natural fit for this sort of thing. 

[Nathan_in_DC]

On 3/16/2016 at 3:03 PM, markhollin said:

Nashville is getting a Madame Tussaud's Wax Museum that will feature primarily musicians.  Will be in Opry Mills Mall.  Personally, I think they would do much larger business if it were in a downtown location. I've been to the one in central London.  Pretty cool, and quite popular tourist destination.
 

http://www.bizjournals.com/nashville/blog/2016/03/madame-tussauds-opening-a-wax-museum-in-nashville.html

Isn't there already a crappy wax museum out there?

On 3/16/2016 at 1:51 PM, NissanvilleTitans said:

You can at home. If I go out I want to do something fun. Not read. 

So you never just go outside to be outside instead of inside? I and many others read in parks all the time...

[BnaBreaker]

9 hours ago, Will said:

I'm actually relieved it's not going downtown as I had assumed when I saw the headline. To a resident, downtown can feel like a bit of a tourist bubble sometimes. We already have a critical mass of fun-and-characteristic-but-tacky restaurants and bars downtown. I see no problem with spreading the cheez-wiz around to other parts of town, and Opry Mills is a natural fit for this sort of thing. 

I mean, I'd get your point if we were talking Billy Joe's rootin' tootin' hillbilly wax museum and souvenir shot glass emporium, but Madame Tussaud's is a world famous institution with only twenty locations on the planet.  They should be where the action is with high visibility. 

This isn't some corn ball minor league operation.  They're other locations are as follows:  New York : Los Angeles : San Francisco : Washington DC : Orlando : Las Vegas : Blackpool, England : London : Berlin : Amsterdam : Prague : Vienna : Sydney : Wuhan : Chongqing : Beijing : Shanghai : Bangkok : Tokyo : Singapore : Hong Kong

Edited March 17, 2016 by BnaBreaker

[donNdonelson2]

FYI--the "crappy wax museum" on Music Valley Drive closed a very long time ago.

[UTgrad09]

5 hours ago, BnaBreaker said:

I mean, I'd get your point if we were talking Billy Joe's rootin' tootin' hillbilly wax museum and souvenir shot glass emporium, but Madame Tussaud's is a world famous institution with only twenty locations on the planet.  They should be where the action is with high visibility. 

This isn't some corn ball minor league operation.  They're other locations are as follows:  New York : Los Angeles : San Francisco : Washington DC : Orlando : Las Vegas : Blackpool, England : London : Berlin : Amsterdam : Prague : Vienna : Sydney : Wuhan : Chongqing : Beijing : Shanghai : Bangkok : Tokyo : Singapore : Hong Kong

I'm not liking this because of the point you make about the other locations of this wax museum. 

I'm liking this because I now want to see the Billy Joe's Rootin' Tootin' Hillbilly Wax Museum and Souvenir Shot Glass Emporium.

Put it on Lower Broad. It will make billions.

[dmillsphoto]

So.. there's this.
 

 

[nashvylle]

If you have seen similar parodies of Cleveland and Detroit, that video is not bad and actually shows great aspects of our city. 

[markhollin]

Nice overview piece from Tennessean that illustrates how Nashvhille has changed so much for the better since 1981 to eventually become an "It City."

http://www.tennessean.com/story/money/2016/03/22/nashvilles-status-years-making/82078868/

[CenterHill]

3 hours ago, markhollin said:

Nice overview piece from Tennessean that illustrates how Nashvhille has changed so much for the better since 1981 to eventually become an "It City."

http://www.tennessean.com/story/money/2016/03/22/nashvilles-status-years-making/82078868/

Good overview, thanks for posting.     Contrast this article with all the Metro government bashing currently running in the 12 South thread.   This growth didn't happen by accident, but has been the gradual cause and effect of some significant changes in land use policy, the downtown code and some high profile/high risk investments by the city that are paying off in spades.     Many peer cities are envious of what Nashville has been able to accomplish (so far) and are asking, "how did you do it?"     

 

[jmtunafish]

4 hours ago, markhollin said:

Nice overview piece from Tennessean that illustrates how Nashvhille has changed so much for the better since 1981 to eventually become an "It City."

http://www.tennessean.com/story/money/2016/03/22/nashvilles-status-years-making/82078868/

Not only is it a nice article, I really like the picture of Nashville's skyline.