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Old August 21st, 2014, 02:59 PM   #3161
MIRYDI
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Sorry, I had to get this to a new page. It was taking forever to load up all the images Ron posted of the ongoing projects. Lol!


Anyway's, some news this morning.

12-story Luxury boutique hotel coming to the Gulch
http://www.bizjournals.com/nashville...the-gulch.html


Quote:
A San Francisco luxury boutique hotel company will create a 12-story hotel in Nashville's Gulch.

Commune Hotels & Resorts announced Thursday morning that it will bring its Thompson hotel brand to the Gulch. Commune Hotels is teaming with MarketStreet Enterprises, the primary developer of the Gulch.
The hotel will have 224 rooms. It is expected to open in summer 2016. Its location will be a lot along Pine Street, where 11th and 12th avenues intersect.
Quote:
Nashville-based Hastings Architecture is leading design. Investors in the project include AJ Capital Partners and The Berger Co.

There are several developers active in the Gulch. MarketStreet was the first of that group, and remains the largest player today, driving much of the Gulch's transformation from a rundown rail yard into a vibrant spot of luxury apartments and condos, high-end restaurants and upscale trendy retailers.

To this point, the Gulch has not been known as a place for hotels. But such a development would mark another key step in sustaining the longevity of the Gulch's revitalization.

According to Ron over on UP, construction is supposed to start early next year.
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Old August 21st, 2014, 06:48 PM   #3162
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^ at your page bump. Anyways, the good hotel news continues today. It was also announced that Kimpton Hotels will operate the hotel component to the Buckingham Midtown project. The NBJ article also included what appears to be a new rendering for that project which is getting underway.

Nashville now has Kimpton, Virgin Hotels, Ace Hotels, 21C Museum Hotels, Le Meridien Hotels, and Thompson Hotels planning to enter the Nashville hotel market. That's quite the collection of boutique hotel brands for a city our size!



EDIT: Ron posted some additional new renderings for Buckingham Midtown. All I have to say is "whoa!" at the last rendering. Imagine the last rendering with the Westin, SoBro, the Virgin Hotel, Skyhouse, Element/1515 Demonbreun, Turnberry and, hell, maybe even 505, Sheet Music and WES if we're lucky. This is truly a transformative period for the city of Nashville. We're not getting a lot of height yet, but we're getting boatloads of density.







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Old August 21st, 2014, 09:50 PM   #3163
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Holy crap!....

I freaking LOVE this new design! Thanks for posting that ariesjow!

Its absolutely crazy the amount of activity going on right now...


Here's the article. This thing is ready to go!!!

With hotel operator named, work set to begin on massive Midtown project
http://www.bizjournals.com/nashville...-begin-on.html

Pictures Ron took of the fencing and barricades going up on site...



Last edited by MIRYDI; August 21st, 2014 at 10:18 PM.
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Old August 22nd, 2014, 02:59 AM   #3164
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Some other news from today.

ServiceSource is expanding again.

ServiceSource adding 100 jobs downtown
http://www.bizjournals.com/nashville...-downtown.html
Quote:
ServiceSource, a technology-based back-end office company that currently employs about 800 people in its downtown Nashville office, is planning to add another 100 full-time permanent jobs to expand its sales center and support its growing customer base.

This announcement, which the company will celebrate Aug. 28 at an event featuring Mayor Karl Dean, is the latest sign of growth for ServiceSource. The San Francisco-based company first came to Nashville in 2008, and two years later, in 2010, moved downtown, where it has steadily increased its local employee ever since.

In February, ServiceSource received a permit to add more than 10,000 additional feet of office space to its Nashville footprint in its home at Fourth Avenue and Church downtown.



Developers increase height of planned 24-hour diner building
https://www.nashvillepost.com/news/2...diner_building










Atlanta Fed sees prospects for continued growth in Nashville
http://www.bizjournals.com/nashville...growth-in.html
Quote:
In a recent blog, the Federal Reserve Bank of Atlanta reported “positive sentiment” and "solid growth in customer demand" among business contacts in Middle and East Tennessee. The continued prospects for growth in the Volunteer State “could possibly also signal continued improvement” in the national economy, according to the central bank.
Both commercial and residential real estate markets continue to perform well in the Nashville area, writes the Atlanta Fed. Those sectors have benefited from low interest rates, strong in-migration and growing household income. A growth in household income also stems from an improving employment picture in the region.
Quote:
Atlanta Fed business contacts “indicate that manufacturing is expanding robustly, with the sector running at nearly full capacity, especially the auto industry.” Employment in construction, hospitality and professional services are “outpacing growth in other industries.”
Yet the Atlanta Fed states that companies find it challenging to attract qualified skilled workers. Among 21 firms classified as “larger,” two-thirds said they experienced difficulty filling open positions, while 70 percent said they have raised wages to attract new employees.The construction industry is among them.
Quote:
In a poll of 32 contacts in the construction industry, 75 percent on the residential side said it is much harder to find skilled labor than in the mid 2000s. Eighty-five percent of commercial real estate builders said the same. Financing for construction projects is also much more difficult than pre-recession.



51 Nashville-area businesses make Inc. 5000 list of fastest-growing companies
http://www.bizjournals.com/nashville...0-list-of.html




Another article discussing the need and importance of mass transit. At least it's continuously being discussed and brought up. Maybe one day soon it will soak in...

Nashville CEOs offer their prescription for boosting the city's economy
http://www.bizjournals.com/nashville...ption-for.html
Quote:
Colin Reed, CEO of Ryman Hospitality Properties, discussed the need for improving the region’s transportation network, pointing to the growth of Nashville’s hospitality and tourism industry, particularly record-high hotel tax collections.
“If we want to perpetuate that, we have to deal with it now … not in 10 years time,” Reed said. “We are going to see a continued influx of people seeking what this community has to offer. … I’d like to see the transportation system of [the region] fundamentally changed.”
Reed mentioned implementing a comprehensive system that connects the airport to downtown as well as outlying counties to the urban core, or as he said, “a plan like what Denver or Vancouver has done.”
“If we don’t, it’s not going to be a pleasant place to live,” he said.
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Old August 26th, 2014, 04:29 PM   #3165
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Demolition started for Nashville Virgin hotel. Any clue how tall this one will be? https://www.nashvillepost.com/blogs/...gin_hotel_site
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Old August 27th, 2014, 02:36 AM   #3166
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Quote:
Originally Posted by wreynol4 View Post
Demolition started for Nashville Virgin hotel. Any clue how tall this one will be? https://www.nashvillepost.com/blogs/...gin_hotel_site
Have no clue. Could be in the range of the planned Skyhouse tower, which is around 275'....or it could be shorter. Nobody really knows yet. Renderings should be coming soon, and there's no telling what we'll get with Richard Branson. It's one of the most anticipated developments going on right now.






More on Youtube.

https://www.youtube.com/watch?v=rlWvjY9ZmTQ#t=127





Also today, demolition started for the Buckinham project (renderings posted above by ariesjow). The Wendy's is coming down first.

Demo to begin at Buckingham site in Midtown
https://www.nashvillepost.com/blogs/...ite_in_midtown


Quote:
Demolition is slated to begin at about noon today at the Midtown site on which Buckingham Companies' massive mixed-used project will be undertaken.

Earlier this month, Indianapolis-based Buckingham secured six permits, valued at $110,400, for the demo work. The four structures to be razed include the vintage masonry building last home to Ken's Sushi.

Crain Construction Inc. is the general contractor for the project, the site for which is located at the intersection of 21st Avenue, Broadway and Division Street.


PHofKS, a poster on SSP, did some work to this latest rendering of the Buckingham and added some of the more significant projects ongoing in the Midtown area to give and idea on what everything will look like once completed.

The purple building to the left is the 25 story 'Skyhouse Nashville'. Virgin hotel (yellow) The 19 story 'Element' (brown) and 17 story Lennar project (blue)






PHofKS also posted up this diagram showing some of the development going on in SoBro after a discussion came up about all of the spurred development by the newly built Music City Center. It's pretty impressive considering a few short years ago this whole area was pretty much nothing but a bunch of empty parking lots with a few scattered low rise structures here and there.

Anyways, just thought I'd share this as well.




Here's a summary of the development happening in the Gulch as well.


Last edited by MIRYDI; August 28th, 2014 at 08:51 PM.
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Old August 27th, 2014, 05:05 AM   #3167
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Renderings released for the 23 story luxury apartment tower 'Crescendo'.

Building is said to have 303 luxury apartment units, 36,000 square feet of retail space and a 600-car parking garage in the building. Amenities will include rooftop decks, a swimming pool, fitness center and a dog walk. The architecture will include water fountains and waterfalls.

Construction slated for Spring next year.

Developer gives first look at proposed Crescendo tower
http://www.tennessean.com/story/mone...ower/14653433/


Quote:
The development partnership behind the proposed Crescendo high-rise building between the Gulch and SoBro has released an artist's rendering of the project.

In late May, Division Street Land Partners LLC announced plans for the $75 million, 23-story building on 1.8 acres at 641 Division St. occupied by Myers Flooring. Myers, a retailer of carpet, hardwood and other products, is expected to build a new showroom on the west side of the property.

Crescendo is expected to include 303 luxury apartment units, 36,000 square feet of retail space and a 600-car parking garage in the building. Amenities will include rooftop decks, a swimming pool, fitness center and a dog walk. The architecture will include water fountains and waterfalls.
Quote:
Construction is expected to start next spring with completion expected 24 months later, said Travis J. Kelty, who leads Division Street and is also president of Impakt Commercial Real Estate. The one- and two-bedroom apartment units are expected to rent for between $1,400 to $2,800 a month. The targeted retail tenants include an organic grocery store, dry cleaners, bank branch, multiple restaurants and entertainment concepts and other retail stores, according to a press release.

"The Gulch and SoBro are quickly developing into live, work and play environments," Kelty said. "The futures are bright for these neighborhoods and we are pleased to have the opportunity to provide a quality of life project to the neighborhood and an architectural amenity to the Nashville skyline."
Quote:
Kelty is best known locally for his controversial plans two years ago for Strings, a $100 million, 32-story guitar-shaped high-rise building. Strings, which was expected to feature 300,000 square feet with luxury apartments built over retail/restaurant space and a parking garage, never got off the ground.

Kelty said he hopes to complete buying the Division Street property and wrap up financing for Crescendo just before the start of construction.
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Old August 27th, 2014, 05:20 AM   #3168
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Any way Crescendo could become like 1212 and go condos? Is that even on the table or a possibility?
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Old August 28th, 2014, 04:01 PM   #3169
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I have to think with both commercial buildings already preleased for a large % that Sheet Music has to have some good momentum to possibly get built.
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Old August 28th, 2014, 06:11 PM   #3170
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I'm not holding my breath for Crescendo just yet. Too many red flags for me. It's the same guy who proposed the Strings guitar-shaped tower and he's trying to sell that area as the Gulch when it's not.

Regarding office vacancies, Cassidy Turley's fall 2014 report has our Class A office vacancy at 4%. I think it's time for Tony to put Sheet Music on the front burner right along with 505CST. Here's the article from the Nashville Post regarding their latest reports.

Class A office space vacancy rate nears 4%

Here's the final rendering of the 1201 Demonbreun office tower from the Tennessean. I'm a bit disappointed that this ended up essentially a 15 floor glass box without much visual interest.

http://www.tennessean.com/story/mone...ulch/14703413/

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Old August 30th, 2014, 03:31 AM   #3171
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^Thanks for posting that ariesjow.

A large project that hasn't been announced yet was stumbled upon by a poster on UP today. The site plan for the development was found on the Metro Planning website.

The development calls for a mixed-use multi-tower structure that includes a 25 story residential tower with 270 units, and a 16 story hotel with 220 room. The site plan also shows restaurant and bar space, meeting space, and space for commercial and retail. Also, both residential and hotel uses will have pools and structured parking.

Here's the link to the site plan.

http://maps.nashville.gov/MPC/2014/1...2-001_plan.pdf


An illustration done by PHofKS of UP showing the location.



Also a rendering he did in fantasy concept showing how the buildings would look with all the other development in the area. They are the brownish/redish and light blue buildings on the upper left.

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Old August 30th, 2014, 03:42 PM   #3172
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Geez midtown is going to be so much more dense in a few years. I can't think of any other city in the country in a comparable size range that seems to have the activity that we have at the moment. The city is going to look completely different in the next few years. Now that the SoBro has started I'm hoping and praying with the super low Class A vacancy rate that Sheet Music can get some momentum. To me this is a more important project than 505 CST, I know most might disagree but I think we need some more commercial high rise space. And Sheet Music with the SoBro, Encore and Pinnacle building would really help anchor the skyline on the south east side.
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