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Old September 26th, 2014, 03:47 AM   #3201
MIRYDI
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Giarratana releases rendering for Midtown project
https://www.nashvillepost.com/blogs/...idtown_project


Quote:
I&G 2200 State Inc., a development entity with a Nashville connection, has released an image for its 22state micro-housing apartment project currently under construction in Midtown.

Giarratana Nashville and equity partner LaSalle Investment Management created I&G to undertake the project, which will feature 138 one-bedroom units and eight two-bedroom units. Of note, the bulk of the building's 146 units will be smaller than 500 square feet. The building will be located at the northwest corner of the intersection of 22nd Avenue North and State Street.



An updated rendering of the new SESAC headquarters on Music Row. Excavation currently underway.






Developer lands permit for Midtown apartment project
https://www.nashvillepost.com/blogs/...rtment_project


Quote:
Dallas-based Lincoln Property Co. has landed a permit for parking garage foundation work for its residential project Aspire under construction in Midtown.

The 279-unit apartment building will be located at 2400 Charlotte Ave. and also face a portion of 23rd Avenue.

LPC Contractors, a division of Lincoln Property, is handling the building effort, with the permit valued at about $535,000.



HCA set to break ground on North Gulch building
http://www.tennessean.com/story/mone...ding/16229449/






Current progress on the construction of the new Vanderbilt engineering building.






On-site work begins for Midtown development
https://www.nashvillepost.com/blogs/...wn_development


Quote:
Erosion barriers have been set up at the Midtown site on which Dallas-based developer Phoenix Property Group plans a 194-unit six-story apartment building to be called Cadence.

The company recently paid $6.2 million for the site, which sits at the northwest corner of the intersection of 16th Avenue South and McGavock Street.

Nashville-based R.C. Mathews Contractor will serve as general contractor for the project.

PPG is targeting an early 2016 opening for Cadence, which will include some ground-level retail space.

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Old September 30th, 2014, 10:42 PM   #3202
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The official groundbreaking ceremony for HCA's 17 story headquarters in the North Gulch is set for this Friday. It's reported that heavy equipment is already on site and moving dirt.

HCA sets North Gulch tower groundbreaking
https://www.nashvillepost.com/blogs/...groundbreaking
Quote:
HCA will break ground Friday on its North Gulch office tower that will eventually house company divisions Sarah Cannon Research Institute and Parallon Business Solutions.

The 17-story building will represent an approximately $300 million investment. About 2,000 jobs are part of the equation.

To be located in what is being called Capitol View, the 247-foot-tall tower will be the first development on the overall 32-acre site. HCA, which own about 11 acres, is working with Boyle Nashville, which will handle marketing and leasing of retail space in the tower. Similarly, Boyle and Northwestern Mutual Real Estate are working to develop about 21 acres of adjoining property.
Quote:
The ceremony starts at 10 a.m. and will include remarks from HCA President and CEO Milton Johnson and Nashville Mayor Karl Dean.



'The Possum' lives on: George Jones museum planned downtown
http://www.bizjournals.com/nashville...e-in-to-a.html
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Old October 3rd, 2014, 03:33 AM   #3203
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Some pretty significant news today and a major step forward with Tony Giarratana's proposed 36 story office tower called 'Sheet Music'. Tony Giarratana is teaming up with Highwoods Properties to market the project, and likely would co-develop the tower if they can get some tenants lined up. Highwoods Properties has very deep pockets and Tony G. couldn't have picked a better partner to team up with. This project all of the sudden is looking very realistic.

Tight office market could mean new tune for Sheet Music
http://www.tennessean.com/story/mone...usic/16608495/


Quote:
Developer Tony Giarratana has paired up with the city's biggest office landlord — Highwoods Properties — to try to fill the new Sheet Music office tower planned for Fourth Avenue and Demonbreun Street downtown, according to sources.

The marketing effort, which includes pitching the site to a large corporate relocation prospect, comes as analysts stress a need for new office construction amid the tightest downtown office market in the city's recent history.

At the end of the third quarter, 3.7 percent of the Nashville market's first-class office space was vacant, while downtown's vacancy in that high-demand category was 4.4 percent, according to a report from CassidyTurley commercial real estate services.

"These numbers just reflect the strength of the market — whatever we're doing, whatever the secret sauce is working," said Doug Brandon, regional managing principal with CassidyTurley. "If we want to continue to attract the kind of (companies) we're doing, we just need more space."
Quote:
Giarratana declined to comment on the marketing effort. Brian Reames, Highwood's senior vice president in Middle Tennessee, said Highwoods doesn't comment on market rumors, but is constantly evaluating opportunities.

If an opportunity materialized for Sheet Music, it's likely Giarratana and Highwoods would also partner in co-developing what was expected to be a 36-story, mixed-use tower with more than 600,000 square feet of space next to the Encore condo tower.

On a panel at a CassidyTurley event Wednesday, Reames said Highwoods' 3.4 million square foot office portfolio here is 96.2 percent leased — the highest occupancy since the mid-'90s.

The Sheet Music site is near the Pinnacle at Symphony Place office skyscraper south of Broadway, which Highwoods bought for $152 million a year ago.
Quote:
Locally, the Raleigh, N.C.-based real estate investment trust is also developing a 200,000-square-foot building at its Seven Springs development near Brentwood, which mostly will be occupied by insurance giant AIG with 50,000 square foot of space available for lease.

In Cool Springs, a groundbreaking is set for Oct. 22 for Ovation, a mixed-used project eventually expected to include 1.4 million square feet of office space by Highwoods. SouthStar will develop the retail and other space.

The Nashville area's overall 3.7 percent first-class office vacancy rate reflects a sharp rebound from 9.5 percent in 2010, while the current downtown first-class vacancy rate of 4.4 percent shows a dramatic turnaround from the 17.9 percent rate in 2010, according to the latest figures reported by CassidyTurley.
Quote:
Meanwhile, the quoted rates for new construction buildings are $33 to $35 per square foot in the central business district and $28 to $29 per square foot in the suburban markets, according to CassidyTurley.

Rising rents are providing "sticker shock" to tenants looking to relocate to new space, but they're paying it, the firm's latest report said. The average rents should rise more when new buildings such as MarketStreet Enterprises' Gulch Crossing and Eakin Partners' project at 1201 Demonbreun come online.





A couple relevant articles from today about the lack of Class A office space, and Nashville office market.

Nashville's Class A office space 'massively under-supplied relative to demand'
Cassidy Turley chief economist bullish on booming Music City

https://www.nashvillepost.com/news/2...tive_to_demand
Quote:
The Nashville office market Class A space is "massively undersupplied relative to demand," creating the potential for new construction and the upgrading of Class B and C buildings, according to a key official and research expert with Cassidy Turley Commercial Real Estate Services.

"The market is running out of space to lease," Kevin Thorpe, who serves as chief economist in the Washington, D.C., office of the company, told a crowd of about 200 folks attending Cassidy Turley's The 2014 State of Real Estate Nashville event held today at the Frist Center for the Visual Arts. Thorpe said the Nashville market's Class A office space vacancy rate of 3.7 percent has the city in a "supply-constrained" state.

About 60 percent of Nashville's office inventory is at least 20 years old, thus creating opportunities in what is a boom city, Thorpe (pictured) said. And even with 10 new office buildings to hit the market by 2015's end, the amount of Class A space will remain insufficient, he said.

"You don't want supply to become so tight that if forces companies to move," Thorpe said. "This market is running out of space to lease."
Quote:
Thorpe said he is very bullish on Nashville in general and on both the city's office and industrial sectors (the vacancy rate for the latter is 7.6 percent and is expected to be 6.5 percent by this time next year). He said the greater Nashville market has about 828,000 workers, with that number expected to increase to 1.24 million by 2030.

"The perception that Nashville is a secondary market is about to change," Thorpe said. "Nashville is one of the most recession-resilient markets."

According to statistics the local Cassidy Turley office provided, Nashville’s overall office vacancy rate dropped to 9.3 percent in the third quarter compared to 10.3 percent in the same period of 2013, a dip that likely was driven, in part, by the city’s economy ranking within the 10 percent of fastest-growing of U.S. metro areas.

Year-to-date office space absorption for Nashville totals about 412,000 square feet, well below the 10-year, pre-recession annual average of nearly 700,000 square feet. Class A absorption has been strong, according to the statistics, with 340,000 square feet of the total absorption occurring in Class A buildings to date this year.



Nashville's billion-dollar office market, and other numbers you should know
http://www.bizjournals.com/nashville...and-other.html









In other news today.


Expansions, relocations added 20K jobs to Nashville area last year
http://www.tennessean.com/story/mone...year/16565465/




Ryman Auditorium begins work on $14 million expansion
http://www.tennessean.com/story/ente...sion/16561679/




Work to restart on controversial Avenue Diner downtown
http://www.tennessean.com/story/mone...town/16558137/















$700M+ mixed-use development 'Ovation' gets started.


Work begins on mammoth Ovation development in Cool Springs
http://www.bizjournals.com/nashville...t-in-cool.html


Quote:
An Oct. 22 ceremony will mark the formal start of work creating Ovation, a massive all-in-one development aiming to be urban in the middle of the suburban commercial hub of Cool Springs.
Ovation is designed to include just about everything: 1.4 million square feet of top-grade office space, upscale retailers, two hotels, entertainment venues, a grocery store, an array of high-end restaurants and close to 1,000 residences.
Highwoods Properties is developing the office piece; SouthStar, of Franklin, is handling everything else, roping in Bristol Development Group, also of Franklin, for the residential component.
Quote:
The original price tag was $700 million — before SouthStar increased the number of planned hotel rooms by 50 percent (from 300 to 450), and boosted the planned retail space by 40 percent (to 480,000 square feet).
Ovation consumes one corner of the intersection of Carothers Parkway and McEwen Drive, a crossroads that is ground zero for the next decade of economic development in Cool Springs.



Experts on Nashville's real estate scene: It's stupid good
http://www.bizjournals.com/nashville...ts-stupid.html



This was announced today and is a pretty huge score for Nashville!

Under Armour confirms plans to invest $100M in Mt. Juliet, create 1,500 jobs
http://www.bizjournals.com/nashville...00m-in-mt.html



Quote:
Cracker Barrel will soon be surpassed as the largest private employer in Wilson County.
Under Armour today confirmed its decision to build a massive distribution facility in Mt. Juliet, bringing 1,500 new jobs to the area over five years.
The facility represents a more than $100 million investment for the Baltimore-based sports apparel company.
According to a news release, the center is set to open in early 2016. It is the company's third U.S. distribution center.
Quote:
In July, Nashville Business Journal reported that Under Armour had narrowed its search to three locations: Atlanta, Greenville, S.C. and Mt. Juliet. Last week, sources indicated Mt. Juliet had emerged as the front-runner to land the project.
The Nashville Business Journal reported that Under Armour had been exploring locations for up to 2 million square feet of space; the facility announced today will total 1 million square feet. However, officials described it as a first phase, with the potential for another 1 million square feet of space in the future.
Under Armour’s arrival in Mt. Juliet will make it the largest private employer in Wilson County, ahead of Lebanon-based Cracker Barrel’s 1,000 employees, according to Nashville Business Journal research.
Quote:
In a news release, Haslam called today's announcement "the beginning of a long and mutually beneficial relationship," adding that he looked "forward to the development resulting from this exciting new project.”
Wilson County has approved a seven-year payments in lieu of taxes (PILOT) deal for the project, totaling just more than $6 million, according to G.C. Hixson, the executive director of the Wilson County Joint Economic & Community Development Board.
Under Armour will get a full tax abatement on the land and building during the seven year span, while the county will collect around 15 percent on personal property, Hixson said.
Details on state incentives were not immediately available.

Last edited by MIRYDI; October 3rd, 2014 at 03:41 AM.
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Old October 4th, 2014, 04:44 PM   #3204
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Progress on First Tennessee Ballpark

Here are some photos from the last week of September, 2014 of the construction at the Sulpher Dell site (4th and Jackson) for the new Nashville Sounds ballpark:

/Users/markhollin/Desktop/Sulpher Dell Sept. 14 03.jpg

/Users/markhollin/Desktop/Sulpher Dell Sept 14
01.jpg

/Users/markhollin/Desktop/Sulpher Dell Sept 14 02.jpg
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Old October 5th, 2014, 01:13 AM   #3205
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^Hey Mark, pictures not showing up. Can you try posting them again?..Thanks.
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Old October 5th, 2014, 05:31 PM   #3206
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Looks like there is some great momentum on Sheet Music. I hope it is built, I think it is more important in many ways than 505 CST as it is a major commercial building and we have not built one of close to this size since Pinnacle.
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Old October 7th, 2014, 11:27 AM   #3207
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Sorry---not sure why the site isn't allowing me to post pics from my desktop. Bummer.
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Old October 7th, 2014, 10:42 PM   #3208
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A rendering has surfaced for the project at 19th & Broadway. It's obviously still in the conceptual phase, but I think it looks pretty good from what I can tell.






This photoshop done by MidTenn1 over on SSP shows the impact it would have on the skyline. It's the reddish/brown and light blue buildings at the top left.



Also of note, there is the 126 year old Albert Samuel Warren house (once home to Atlantic records) in the footprint of this development that would likely be demolished. It's also on the list of Nashville's nine most-threatened historic places




Here's an article about it today from William Williams with the Nashville Post.

Rezoning could yield major Midtown mixed-use project
https://www.nashvillepost.com/news/2...ed_use_project

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Old October 8th, 2014, 03:40 AM   #3209
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Here's a link with lots of pictures of the progress of the Sounds ballpark.

http://www.nashville.gov/Portals/0/S...ity-Update.pdf



and a couple pics of the current progress with the downtown Amphitheater/West Riverfront Park, taken by TheRaglander over on UP.






Rundown of the amphitheater/park

Quote:
The park will include more than a mile of multi-use greenway trails, Nashville’s first downtown dog park, ornamental gardens, a 1.5-acre event lawn called the Green and an 6,500 seat amphitheater.

The park is scheduled for completion in summer, 2015. The design of the park was inspired by the limestone bluffs and edges of the Cumberland River, along which it sits. Portions of the park are perched above the Cumberland River and provide a spectacular view of river activity and the rolling hills of the landscape beyond.

The amphitheater site within the park will be fully-accessible to the public during non-event days and may be fenced and gated during events and pre-event setup. The amphitheater will accommodate up to 6,500 people with semi-fixed seating for 2,200, a 300-person greenway pavilion, and 4,000 lawn seats -- all within a natural bowl providing optimal lines of sight to the stage and downtown.

The amphitheater bowl is supported by multiple buildings for restrooms, concessions, first aid and sound control for events. The facility is being built to Silver LEED certification. Sustainable features include geothermal heating and cooling, green roofs, solar power and rainwater collection.

The amphitheater facility itself is approximately 35,000 square feet on two floors and includes a 100-foot by 60-foot stage with a 40-foot vertical opening that is designed to accommodate multiple forms of performance events and musical genres, including country, rock and symphonies, as well as community events. The facility is fully supported with an artist wing, operator offices, and dining and event space which open to a park-side terrace.

The amphitheater walls are designed to appear like natural stone rising out of the landscape, similar to the limestone cliffs along the Cumberland River. The stone bases are augmented with steel panels and a flat roof with natural finishes.

Extensive engineering and design studies for a comprehensive downtown flood mitigation plan also are well-underway. The entire phase one park site sits outside of the 100-year flood plain but is designed to incorporate flood protection for 500-year flood events through an integrated flood wall design which manifests as low stone seat walls in portions of the park.

This first phase of the West Riverfront Park redevelopment is part of a larger master plan that transforms 18 acres along the west side of the Cumberland River from Church Street to Korean Veterans Boulevard into a downtown park.

The Metro Council previously approved approximately $35 million in three prior capital spending plans for riverfront redevelopment on the west bank.




Artist team Laura Haddad and Tom Drugan of Seattle, WA have been commissioned for a large-scale artwork at the new West Riverfront Park.


Quote:
The form of the sculpture is based on the meandering curves of the Cumberland River as it passes through Davidson County. Anticipated to be approximately 45 feet tall, the ribbon-like form will be approximately three to four feet wide and 8 to 12 inches thick.

The river-facing side would be finished with highly polished and reflective stainless steel plate activated by natural sunlight, which will cause distorted mirror interactive experiences. Like the changing reflectivity of the river itself, the rolling form will create real time reflections of people, the surrounding environment and changing sky. The very top of this face, pointing toward the sky, could be a wind-activated stainless steel textile of reflective metal pieces creating a dynamic shimmer of light best viewed from the Shelby Street/Seigenthaler Bridge, making the experience from that vantage point unique. These materials may also be used at the bottom of the sculpture, hanging under the lowest bend and creating the sound of chiming metal picks when there is a breeze.
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Old October 8th, 2014, 03:37 PM   #3210
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The Gulch pedestrian bridge passed another vote last night. One more to go.

Gulch pedestrian bridge clears key vote
http://www.bizjournals.com/nashville...-key-vote.html


Quote:
Recently resurrected plans for a pedestrian bridge connecting SoBro and the Gulch passed a key vote at the Metro Council Tuesday night.
The Tennessean reports that the $18 million project passed the second of three readings on a voice vote, with final approval now likely on Oct. 21. Construction on the project could begin next summer, with completion around fall 2016.
The council had voted 30-2 in February to table the project indefinitely, amid concerns of neglecting infrastructure needs in other parts of Nashville.
Last month, however, Mayor Karl Dean unveiled a plan to pay for the bridge by capturing tax revenue from the properties that will benefit most from the bridge.



Article from William Williams in the Nashville Post about the HCA tower that broke ground last week. Says the height will be 267'.

HCA tower to make a height statement
https://www.nashvillepost.com/blogs/...ight_statement

Quote:
Not that this necessarily means much, but …

If standing today, the HCA tower that will be home to Sarah Cannon and Parallon would rank among the tallest buildings not located within Nashville’s central business district or SoBro.

The building, ground for which has been broken in the North Gulch's Capitol View, will rise about 267 feet, which would place it at about the same height as Icon in The Gulch (roughly 280 feet), Palmer Plaza (the mid-1980s Midtown building that stands approximately 269 feet) and glistening new Gulch tower Twelve Twelve (about 261 feet).

There is a school of thought that the taller the building, the more a “statement” (which can often translate to prestige, visibility, vibrancy, etc.) that building makes — and in a city with the population of Nashville, 200 feet is noteworthy.

As to the Gresham Smith & Partners-designed HCA tower, with no other tall buildings to be located nearby (at least at the time of its opening in two years), the as-yet-unnamed structure (read more here) should strike a commanding presence.

Other 200-foot-or-taller buildings located outside the city’s CBD and SoBro include Icon (Gulch), Marriott Nashville Airport, Highland Ridge, and 2525 West End (West End Corridor). In addition, four buildings on the Vanderbilt campus are almost 200 feet tall each.

Nashville has other buildings either under construction or planned and that should approach, if not top, 200 feet. These include the underway SoBro, Element and a mixed-use tower Southern Land is developing in Green Hills, the proposed Westin Hotel and SkyHouse, and buildings Lennar, Giarratana, Impakt and Turnberry are targeting.

Currently, the city boasts 26 buildings that rise at least 200 feet.



Another development targeted for Germantown.

Ohio developer targets Germantown for mixed-use project
https://www.nashvillepost.com/news/2...ed_use_project
Quote:
Germantown is bracing for yet another large-scale development, as an Ohio-based company has targeted a 4.74-acre site for a mixed-use building.

LC Germantown, an entity Columbus-based Lifestyle Communities has created to undertake the project, is seeking a rezoning of the site, located at the northeast corner of Second Avenue North and Madison Street (see here in an image courtesy of Google Maps).

LC has enlisted Nashville-based Civil Site Design Group to shepherd the process through Metro. The team will go before the Metro Planning Commission on Nov. 13 to request the site, which is owned by Anita Sheridan, be rezoned to specific plan mixed-used from industrial.

If the project materializes, it would be Lifestyle Communities’ second in Tennessee (LC owns LC Henley Station in Murfreesboro). It would also represent another in a list of multi-unit residential projects planned for Germantown, with no fewer than four other similar projects on the drawing board. Of note, the LC project would be located as far east of the heart of Germantown as any other similar development.



Hundreds more apartment units planned in Nashville
http://www.bizjournals.com/nashville...nashville.html
Quote:
Two new suburban apartment projects could soon bring hundreds of additional units to the Nashville area.
The Tennessean reports that investors are eying projects in Bellevue and Seven Springs (just outside of Brentwood) that would yield 466 new units.
In Bellevue, The Tennessean reports that Atlanta-based Westplan Investors Inc. has property currently owned by Cedar Hill Community Church under contract for a 322-unit project. It would be Westplan's first Nashville project.
In Seven Springs, a subsidiary of Nashville-based Vastland Cos. plans to develop a 144-unit project on 3.8 acres.
Both projects are still seeking site plan approval from Metro officials.



Google to host music workshops in Nashville
"We look at Nashville as a hub of music activity," said Vivien Lewit, Google's director of music content partnerships.

http://www.tennessean.com/story/mone...stry/16875915/

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Old October 9th, 2014, 12:44 AM   #3211
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Significant news today with Tony Giarratana's 65 story 750' project at 505 Church St. The NBJ is reporting that Tony is set to receive $12.5 Million in TIF funding to help him finance the development. It appears Tony is finally gaining some traction with this.


Giarratana seeks Metro aid to build Nashville's tallest skyscraper
http://www.bizjournals.com/nashville...es.html?page=2




Quote:
Developer Tony Giarratana is set to receive $12.5 million of aid from a Nashville government agency to help him finance Nashville's tallest skyscraper, named 505 CST.
Giarratana proposes a 60-story tower at 505 Church St. The upper portion will contain 100 to 150 condos, while 300 to 400 luxury apartments will fill the rest of the building.

505 CST would reach 750 feet into the sky. That makes it 20 percent taller than the AT&T tower (aka Batman Building), which tops out at 617 feet and is the current apex in Nashville and all of Tennessee. Put another way, it's tall enough that Giarratana needed permission from the Federal Aviation Administration to build something that tall.

"There is no other opportunity in the state of Tennessee to live on the 60th floor of a building," Giarratana has said.
On Oct. 14, the Metropolitan Development and Housing Authority is expected to approve $12.5 million of tax increment financing. It's a loan, commonly abbreviated as TIF, which MDHA makes to a developer.
Usually, developers use those funds as part of the equity needed to secure a construction loan. MDHA pays down the TIF loan by keeping the additional growth in property taxes that occurs when a piece of land is developed (currently, 505 Church St. is a lot for Giarratana's parking company, Premier Parking).
Quote:
As of mid-summer, Giarratana expected 505 CST to cost $225 million to build. That price tag likely has changed since then, based on the new design for 505 CST, which Giarratana showed at a Sept. 25 meeting of the Nashville City Club. His architect for 505 CST is the Chicago-based firm Adrian Smith + Gordon Gill.
Quote:
505 CST will front Church Street between Fifth Avenue North and a one-way alley that dead-ends into Commerce Street.
It is the same address originally reserved for Signature Tower, which Giarratana aimed to make the tallest skyscraper in the entire Southeast. He pulled the plug during the recession.

This summer, Giarratana agreed to sell two-thirds of the site, or 0.8 acres, to MDHA so it could build a public parking garage. MDHA paid Giarratana $9 million for 0.8 acres. Giarratana retained the remaining 0.4 acres for his tower, which will front Church Street.

505 CST would be flanked on the left by The Cumberland, which is downtown's first luxury apartment high-rise. Its other neighbor would be the Viridian, downtown's first tower of luxury condos. The Viridian sparked the city's condo boom before the recession, and also brought a small grocery store to the urban core, the H.G. Hill Urban Market.
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Old October 9th, 2014, 01:29 AM   #3212
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Thanks for the post MIRYDI. This would be an incredible tri-fecta if he can pull of building this, Sheet Music and the SoBro all under construction at the same time. This would change Nashville's skyline tremendously. Here's to hoping both this and Sheet Music are built. I can tell you that in terms of condo's there is not much available downtown at the moment.
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Old October 9th, 2014, 10:47 AM   #3213
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Some really great projects going up/proposed in Nashville!
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Old October 15th, 2014, 07:24 PM   #3214
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A big win for Nashville today with the coming announcement of the NHL All-Star game being held here.

Report: Nashville to host 2016 NHL All-Star Game
http://www.bizjournals.com/nashville...star-game.html
Quote:
Nashville's long wait to host an NHL All-Star Game is apparently coming to an end.
Sportsnet's John Shannon reported today that Music City's Bridgestone Arena will host the 2016 game. An announcement is expected Friday.
Nashville's prospects for hosting the game received a jolt with the opening of the Music City Center and the new hotels it has spawned.
Quote:
The NHL has not held an All-Star Game since 2012, due to the lockout-shortened season in 2012-13 and the 2014 Sochi Winter Olympics. This season's game is being held in Columbus, Ohio, home of the Blue Jackets.
In addition to a game featuring the league's best players (this season's game is scheduled for Sunday, Jan. 25), the weekend also includes a skills competition on the day prior.
Quote:
The All-Star Game, which brings throngs of reporters and attracts about 1.5 million TV viewers, is expected to generate between $15 million and $18 million in visitor spending for Columbus, according to The Columbus Dispatch.
Tickets to the game won't be cheap. According to an FAQ on the Columbus Blue Jackets' website, lower-bowl tickets for this year's game are $270, while upper-bowl seats are $195. While it remains to be seen how the Nashville Predators will handle ticket sales, the Blue Jackets are giving their season-ticket holders the first crack at buying tickets.



Related article.

By the numbers: What hosting an NHL All-Star Game means for Nashville
http://www.bizjournals.com/nashville...star-game.html
Quote:
Hockey fans are overjoyed in Nashville today, with news that the world's greatest hockey players will come to Bridgestone Arena for the 2016 NHL All-Star Game.
City officials and business owners should also be happy, but because of other things the game will bring: money and attention.
Columbus, Ohio — host of this season's All-Star Game — expects the game and surrounding activities to generate up to $18 million in visitor spending when it hosts the game in late January.
Quote:
The game will also help bring even more attention to "It City." The game itself attracts about 1.5 million TV viewers, and loads of coverage leading up the game (who will be voted to the teams, etc.). The last U.S. city to host an All-Star Game — Raleigh, N.C., in 2011 — estimated that hosting the game generated an estimated $49 million in media value, according to the Greater Raleigh Convention and Visitors Bureau.
According to Raleigh officials, the 2011 game attracted 18,900 outside visitors, generating 10,551 hotel room nights. The total attendance for the 2011 game and festivities was 138,000.



Also from yesterday...

Tony Giarratana was approved to receive $12.5M in TIF for his 750' 505CST project, which if built, will be a new tallest for Nashville. (renderings a couple posts up)

Giarratana easily wins approval of millions in public aid for Nashville's tallest skyscraper
http://www.bizjournals.com/nashville...llions-in.html
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Old October 16th, 2014, 02:45 PM   #3215
MIRYDI
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Canopy by Hilton coming to downtown Nashville. No renderings as of yet.

Hilton's newest hotel brand coming to Nashville
http://www.bizjournals.com/nashville...nashville.html
Quote:
Hilton Worldwide will debut a new hotel brand in downtown Nashville and 10 other cities, the company announced Wednesday.
Hilton said it has signed a letter of intent to open a Canopy by Hilton in downtown Nashville. The first batch of hotels will begin opening next year, according to a news release.
Hilton bills the Canopy brand as serving business and leisure travelers. The hotels will be a mix of new construction and renovations of existing buildings.
Quote:
The hotels appear to offer somewhere in the range of 150 rooms to 225 rooms. That would make Canopy larger than the true boutique hotels that have cropped up around Nashville lately, but smaller than the full-service hotels surrounding Music City Center — such as the 800-room Omni and a planned 452-room Westin.
Quote:
Some Canopy hotels are further along than others; the image with this story is a rendering of the Canopy hotel set for Portland, Oregon. No images were released for the Nashville prospect.
Hilton did not say where it's headed within Nashville.
In a press release, Hilton said among the developers interested in the Canopy brand is North Point Hospitality Group. The Atlanta-based company owns 1 acre of undeveloped land across Korean Veterans Boulevard from Music City Center, a location widely viewed as an ideal hotel site.



Sources: Tilted Kilt sports bar chain eyeing downtown Nashville
http://www.bizjournals.com/nashville...ain-eying.html
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Old October 16th, 2014, 03:40 PM   #3216
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Speaking of the Westin, when will that break ground? Isn't it scheduled for early November?
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