Nashville Bits and Pieces

[CenterHill]

3 hours ago, BnaBreaker said:

What's the greenway issue?

The greenway is currently inside First Tn Park, fenced off to the public.   Hoping it will be liberated once the residential project opens.   

[UTgrad09]

9 hours ago, MLBrumby said:

No surprise, but Nashville's MSA now exceeds 1.8 million, as of 2015. The TN State Data Center is notoriously slow in their data collection, so this number through 2016 could be close to (or exceed) 1.9 million. 

http://wkrn.com/2016/04/04/nashville-area-leads-tennessee-in-population-growth/

As of 2015, metro area 1,830,000; Nashville area now has 5 of 10 largest counties in the state

Davidson County - 678k; Rutherford - 299k; Williamson - 212k; Sumner - 176k; Wilson - 129k

Kind of annoying to me....these numbers have been out for a week and a half (nearly 2 weeks for media to make their stories). But the Nashville media? Lazy. We're the fastest growing metro in the state....and not by a little bit. 

Nearly 70%. 70%. Nearly 70% of the entire state of Tennessee's growth from 2014-2015 was in the Nashville Metropolitan Area. We are reaching historic levels in numerical growth. But the media outlets? Durrrrr.....don't seem to care.

 

Here's a figure for you: 3,969. That's the number of housing units approved for the Nashville metro in January and February 2016. 

Here are the metros ahead of that figure:

Dallas - 7,205

Houston - 6,942

Atlanta - 6,628

New York - 4,954

Los Angeles - 4,582

Phoenix - 4,019

Nashville - 3,969

 

 

[MidTenn1]

13 minutes ago, UTgrad09 said:

Here's a figure for you: 3,969. That's the number of housing units approved for the Nashville metro in January and February 2016. 

Here are the metros ahead of that figure:

Dallas - 7,205

Houston - 6,942

Atlanta - 6,628

New York - 4,954

Los Angeles - 4,582

Phoenix - 4,019

Nashville - 3,969

 

 

That is just sick!!! 

All those cities have Metro areas more than two to nine times Nashville's metro area size. 

 

[Hey_Hey]

Those housing numbers are crazy.

This puts us on pace to have ~24,000 units completed for this year of that pace is maintained. The Census bureau projected us at a ~+37,000 in population from July, 2014 to July, 2015 with 14,944 housing starts in 2014 and 17,810 in 2015 (average of 16,377).  That would be roughly 2.35 people per additional housing unit.  If that 24,000 number turns out to be be a reality, then using an average of 2015 and 2016 housing starts (average of 20,905) would put us ~+49,000 for July, 2016.

There's lots of speculation and "if's" in that line of thinking, but it is clear that Nashville's growth is actually speeding up.  We're going to be really close to 2,000,000 in the metro area (assuming no changes in definitions of the MSA) for the 2020 census if the census estimates are to be believed. Additional growth above what we've seen is big step to getting us above that 2,000,000 mark, especially if there's an economic slow down that stifles domestic migration.

[UTgrad09]

6 minutes ago, Hey_Hey said:

Those housing numbers are crazy.

This puts us on pace to have ~24,000 units completed for this year of that pace is maintained. The Census bureau projected us at a ~+37,000 in population from July, 2014 to July, 2015 with 14,944 housing starts in 2014 and 17,810 in 2015 (average of 16,377).  That would be roughly 2.35 people per additional housing unit.  If that 24,000 number turns out to be be a reality, then using an average of 2015 and 2016 housing starts (average of 20,905) would put us ~+49,000 for July, 2016.

There's lots of speculation and "if's" in that line of thinking, but it is clear that Nashville's growth is actually speeding up.  We're going to be really close to 2,000,000 in the metro area (assuming no changes in definitions of the MSA) for the 2020 census if the census estimates are to be believed. Additional growth above what we've seen is big step to getting us above that 2,000,000 mark, especially if there's an economic slow down that stifles domestic migration.

My estimations put us just at 2 million (2,001,228). But that does not take the acceleration into account (2,012,653 for sustained 2015 growth). If it truly accelerates, we could see 350k+ per decade growth.

[MidTenn1]

On 4/5/2016 at 10:24 PM, UTgrad09 said:

Kind of annoying to me....these numbers have been out for a week and a half (nearly 2 weeks for media to make their stories). But the Nashville media? Lazy. We're the fastest growing metro in the state....and not by a little bit. 

Nearly 70%. 70%. Nearly 70% of the entire state of Tennessee's growth from 2014-2015 was in the Nashville Metropolitan Area. We are reaching historic levels in numerical growth. But the media outlets? Durrrrr.....don't seem to care.

 

Here's a figure for you: 3,969. That's the number of housing units approved for the Nashville metro in January and February 2016. 

Here are the metros ahead of that figure:

Dallas - 7,205

Houston - 6,942

Atlanta - 6,628

New York - 4,954

Los Angeles - 4,582

Phoenix - 4,019

Nashville - 3,969

 

 

Had to put these numbers in a graphical format...and compare to Metro Area populations...

[titanhog]

New TIF rules.

In addition the bill mandates that all future redevelopment district plans, as well as changes to existing plans, require that revenue from land sold by MDHA be used solely within that same redevelopment district.

http://www.tennessean.com/story/news/local/2016/04/05/nashville-metro-council-approves-new-rules-development-incentives/82665990/

[claya91]

4 minutes ago, PHofKS said:

Had to put these numbers in a graphical format...and compare to Metro Area populations...

 

Proposed housing units in the same ballpark and NYC and LA?? That is remarkable.

Edited April 6, 2016 by claya91

[markhollin]

Nashville area office vacancy rates drop to an all-time low of 6.5%.  We REALLY need to have some developers and investors step up and create a large tower (or two) downtown.  There is simply too much demand compared to availability.

http://www.nashvillepost.com/business/development/article/20493119/office-vacancy-rates-to-drop-to-recordlow-65

[titanhog]

1 hour ago, markhollin said:

Nashville area office vacancy rates drop to an all-time low of 6.5%.  We REALLY need to have some developers and investors step up and create a large tower (or two) downtown.  There is simply too much demand compared to availability.

http://www.nashvillepost.com/business/development/article/20493119/office-vacancy-rates-to-drop-to-recordlow-65

*cough* Turnberry *cough*

[nashvylle]

Emery for the former convention center....

[fieldmarshaldj]

2 hours ago, markhollin said:

Nashville area office vacancy rates drop to an all-time low of 6.5%.  We REALLY need to have some developers and investors step up and create a large tower (or two) downtown.  There is simply too much demand compared to availability.

http://www.nashvillepost.com/business/development/article/20493119/office-vacancy-rates-to-drop-to-recordlow-65

What's unfortunate for us now is that if this were the '80s, with the current economic dynamics downtown, we'd already have our 40 and 50-story skyscrapers with more on the way. We'd have had Nashville City Center II, which would've broken the 500-foot barrier (of occupied space at that level, not just the adornment of "Batman"). At least in the '80s, they "went big" and would not have thrown up so many of the mediocre shorties we've seen (with even more mediocre designs, for which this decade is going to be renowned for in our city). We ought to be already tearing down the Hampton Inn at 4th & KVB and the ghastly adjacent Hyatt Place and replacing both with something appropriately majestic and attractive.

[VSRJ]

^ True, but there are few buildings built during that timeframe that I would want rising above Nashville's skyline today. But I suppose we could be saying the same thing about today's under-construction buildings in 20-30 years.

[NashRugger]

The 1980s boom saw mostly the biggest cities get truly stunning designs back then. Dallas pretty much cashed in that decade and also cashed out before the decade was even 2/3 over. There has been one single skyscraper there, Museum Tower, to break the 500ft barrier since the 1980s boom, and that's just sad. 

[fieldmarshaldj]

3 hours ago, VSRJ said:

^ True, but there are few buildings built during that timeframe that I would want rising above Nashville's skyline today. But I suppose we could be saying the same thing about today's under-construction buildings in 20-30 years.

I wouldn't have to wait 20-30 years to make that declaration about the present orgy of unimaginative glass boxes.

[nashwatcher]

Workforce housing project in 12 South. Metro land. Private developer. 110 units.

http://www.bizjournals.com/nashville/blog/2016/04/nashville-developer-mayor-barry-pursue-lower-price.html

I like the idea. We need affordable housing so our city can grow (employees have to be able to afford to live here)

Why doesn't Metro buy huge parcels and let private developers do this on streets like Murfreesboro Pike and Nolensville Rd. You can buy huge tracts of land for reasonable prices per sf. Metro bought some serious acreage for the Family Justice Center/New Precinct on Murfreesboro I think for a very affordable price. And this area is so close to downtown, it would be very attractive to renters who work in our core.

[markhollin]

^ ^ ^ In a related story, Mayor Barry pledges $10 million towards affordable housing….

http://www.tennessean.com/story/news/local/2016/04/11/mayor-barry-pledges-10m-affordable-housing-fund/82813646/

[tragenvol]

17 hours ago, nashwatcher said:

You can buy huge tracts of land for reasonable prices per sf.

 

[markhollin]

346,900 total attendance at 16 events (7 Preds games, 4 concerts, and 5 days of SEC basketball tournament) at Bridgestone Arena in March.  That's a LOT of folks coming into CDB/SoBro in just one month's worth of activities at that coliseum alone. Lots of bid-ness for bars, restaurants, parking facilities, cabs, Uber/Lyft, etc. around those happenings. Can only imagine the tax revenue generated.  We truly are becoming one of the Top 5 entertainment destinations in America at this point.  

[chris holman]

From The Tennessean

Korean tire maker plans North American headquarters in Nashville

http://tnne.ws/1N7tOpX

 

Hopefully the company looks for downtown location

[nashwatcher]

11 minutes ago, chris holman said:

From The Tennessean

Korean tire maker plans North American headquarters in Nashville

http://tnne.ws/1N7tOpX

 

Hopefully the company looks for downtown location

Didn't Smeags say recently that the governor requested 30 million for a secret project?

If it's tied to this tire maker's headquarters, wouldn't that amount imply possibly a new downtown tower?

Edit: nevermind. just read info in the accolades thread. if only 100 employees in Wayne NJ are moving, probably not a downtown tower

Edited April 13, 2016 by nashwatcher

[dmillsphoto]

Mayor Berry appointed Historic Nashville chair Brian Tibbs to the Planning Commision. I'm not sure how well this bodes for projects like replacing Marketstreet Apts, but we'll see.

http://www.bizjournals.com/nashville/stories/2009/05/25/smallb2.html

[bhibbs]

3 hours ago, dmillsphoto said:

Mayor Berry appointed Historic Nashville chair Brian Tibbs

This man is damn near trying to steal my name....(Brian Hibbs)

[nashwatcher]

http://www.tennessean.com/story/money/2016/04/13/tire-city-hankook-bring-hundreds-jobs-nashville/82978972/

Hankook Tire. Hundreds of jobs and a $500 million dollar investment in Nashville? What could cost 500 mil????

[donNdonelson2]

Biz journal article says FIVE million