Nashville Bits and Pieces

[titanhog]

I can't see the name "August Moon" without thinking of the old Chinese restaurant in Green Hills.  Now I'm hungry for some Hunan Chicken.

[Vrtigo]

Huh.

So...where, exactly? I've marked the intersection of I-24 & J-Rob. I'm curious if this would go on the Thai Phooket property? Maybe displace the Gerst House? Obviously, this city is too attached to their surface parking for it to replace one of those...

[PruneTracy]

55 minutes ago, Hey_Hey said:

Indoor drive in theater for the East Bank at I-24 and James Robertson Pkwy:

We've done it, folks: we've finally hit peak hipster.

[bhibbs]

so its like a fancier Sci-Fi drive in diner at Hollywood Studios at Disney, im into the idea!

[smeagolsfree]

It has to be one of two locations.... The Stadium Inn  or the Shoney's , Thai location. Either one of these is fine with me. We cant tear them down fast enough, however I do like the Thai Rest.

[bhibbs]

Stadium Inn, peace out!

[whatwhat]

Johnny Fritz has a great song and video about the Stadium Inn.  (warning- the video is appropriately creepy and almost NSFW and involves a guy in his whitey tighties)

I'd be glad to see it go though.

"Come one, come all and watch the world cave in. Right through the windows of the Stadium Inn"

 

[markhollin]

I would prefer the site that is at the NE corner of I-24 and Main (where the loop comes off I-24 north onto Main Street/James Robertson Parkway heading west).  Currently is a rarely utilized surface lot for Titans games.  It is in a bit of a flood plain and could be perfect for this sort of thing.

 

[smeagolsfree]

I now know where this will go...Wait till something pops this afternoon.

[BnaBreaker]

Interesting concept, but I hope it isnt going anywhere that an urban residential neighborhood might be in the future.

[LA_TN]

2 hours ago, markhollin said:

I would prefer the site that is at the NE corner of I-24 and Main (where the loop comes off I-24 north onto Main Street/James Robertson Parkway heading west).  Currently is a rarely utilized surface lot for Titans games.  It is in a bit of a flood plain and could be perfect for this sort of thing.

 

Wish granted

[markhollin]

Have posted all info and links in East Nashville thread.

[bigeasy]

That would be awesome! My family used to go to the Dickson drive in every summer until it closed a few years ago. I just can't get myself to drive to watertown to see a movie. 

[rbowman]

Watertown drive in is fabulous. A very fun night for your family.

Sent from my LG-H918 using Tapatalk

[Salbato]

Found this interesting site today. Information on every commercial property. 

https://www.commercialcafe.com

[Flatrock]

Good article in The Tennessean about metro Nashville's real estate re-appraisals. My neighborhood of Woodbine topped the list at a +57% increase. Ouch. 

http://www.tennessean.com/story/news/local/davidson /2017/02/06/nashvilles-record-reappraisal-where-have-property-values-soared-most/97415782/

Edited February 7, 2017 by Flatrock

[Vrtigo]

^^

"Hold onto your butts..."

[ZestyEd]

Nashville’s challenge: How to be a mythical place that moonlights as an ordinary city

https://www.washingtonpost.com/news/act-four/wp/2017/02/07/nashvilles-challenge-how-to-be-a-mythical-place-that-moonlights-as-an-ordinary-city/?postshare=4981486489518172&tid=ss_tw&utm_term=.6fab7e34759f

[markhollin]

From today's Nashville Post:

The Nashville office of CBRE has released its 2017 Southeast U.S. Real Estate Market report for Nashville.

Some highlights:

* For office product, “asking rates are increasing as new construction is retrieving rates north of $40.00 per sq. ft. on a full-service basis, a record in Nashville helping to push total market asking rates to new highs, which should continue through the end of 2017. Lack of available space leaves tenants with limited options and competitive urgency.”

* “Over the last five years, retail sales in Nashville have grown at an annual rate of 4.8% and 2015’s retail sales reached $20.60 billion. 2016 saw many developers announce plans for new retail developments. Currently, Nashville has 500,000 sq. ft. of retail under construction and the total is going to grow substantially throughout 2017.”

* “There are over 30 hotels in various stages of the development process.”

* For multi-family product, “despite the delivery of new product, vacancy is not expected to get much higher than 5%. While rent growth has increased by over 25% in the last five years, expect moderation in the coming years.”

[TNinVB]

Can someone please tell me what the development is in the far right of this picture. I believe it has a yellow crane. Thanks!

[TNinVB]

4 hours ago, ZestyEd said:

Nashville’s challenge: How to be a mythical place that moonlights as an ordinary city

https://www.washingtonpost.com/news/act-four/wp/2017/02/07/nashvilles-challenge-how-to-be-a-mythical-place-that-moonlights-as-an-ordinary-city/?postshare=4981486489518172&tid=ss_tw&utm_term=.6fab7e34759f

Great read. Make sure to look at the comments though. Someone from New Orleans couldn't help but say how much better and really it is compared to Nashville. What's the point??? 

[NashvilleObserver]

23 minutes ago, TNinVB said:

Can someone please tell me what the development is in the far right of this picture. I believe it has a yellow crane. Thanks!

 

BWSC Office building 

http://www.nashvillepost.com/business/development/article/20630496/real-estate-notes-work-begins-on-bwsc-building-in-sobro

[TNinVB]

18 hours ago, NashvilleObserver said:

BWSC Office building 

http://www.nashvillepost.com/business/development/article/20630496/real-estate-notes-work-begins-on-bwsc-building-in-sobro

Thank you! It's standing out more than I thought it would. 

[markhollin]

From the Nashville Post a few days ago:

JLL releases office, industrial reports showing strong numbers

The Nashville office of JLL has released its Office Outlook Nashville | Q4 2016 report, with the market showing the market’s vacancy remains the lowest in the country.

The overview:

"However, for the first time in 6 quarters, vacancy has begun to increase. At the end of Q4, vacancy sits at 6.2 percent overall compared to last quarter’s 4.6 percent. Class A and B space saw an increase in vacancy, while Class C decreased. Class A space increased the most from 6.3 percent in Q3 to 8.5 percent in Q4. Despite an increase in supply, the increasing demand in the market has contributed to rental rates climbing. Overall rent landed at $23.59. With rental rates this high, Nashville has surpassed some hot topic cities. Nashville’s construction pipeline is heftier than most."

In its industrial report, JLL writes the following:

Year in review: Q1 to Q4 growth profile

"Nashville rental rates neared new highs and vacancies hit new lows. Over the course of the year, rental rates grew by 6.4 percent –from $4.07 to $4.33 –between Q1 and Q4 respectively. Vacancy in that same time period remained stable at 4.4 percent, largely as a result of new construction coming online. By contrast, from Q4 2015 to present, vacancy decreased by 22.8 percent. On the development front, industrial construction activity is strong (4.2 million square feet currently underway) and has a robust pipeline (7.6 million square feet planned or proposed). Nashville also experienced the growing national trend of repositioning industrial buildings and land to office and mixed-use projects, further limiting the availability of industrial sites near the urban core. Overall, the year witnessed strong market fundamentals."

[MLBrumby]

Thought this was fun and putting it out there because commercials don't have long runs anymore.  Was watching basketball games on TV yesterday and saw several times on at least three different channels a national corporate Toyota commercial made in Nashville. It's not for local dealerships only or one without people. It's for a Camry and has a mother who gets into her car and has (imaginary) race car suit/helmet and safety harness as she leaves work and heads to a soccer game. She is the coach. It shows her driving up Union Street towards the War Memorial and TPAC building. Then through 12 South and then to a soccer field where her team awaits. I see Houston and LA in these commercials most of the time. Sometimes New Orleans. First one I've seen in Nashville.