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Old May 24th, 2008, 02:33 AM   #601
DrT
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Quote:
Originally Posted by Hankster View Post
Now comes the news that Giarratana already has an office tenant expressing interest in leasing space equivalent to 150 condos in the tower. That would be a minimum of 15 floors and a minimum of 60% of the office component. The new design will have no more than 200 condos and he already has contracts for 105 or a minimum of 52.5%. The hotel component is lined up. It's starting to look like he has a real shot to get financing and pull this thing off.
Hankster, you-da-man with the inside news!
I hope that the "interest" is very strong!
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Old May 24th, 2008, 02:42 AM   #602
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Damn the naysayers. It'll be sweet to see this baby get untracked.
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Old May 24th, 2008, 11:03 PM   #603
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Here's the article stating that there'a already interest in the office component of this tower. Check out the video on the site, too.

http://www.wkrn.com/Global/story.asp?s=8366924

Here's the written article from wkrn.com:

"Financing forces plan change for Signature Tower"

A new study expected to be released later this week will reveal 400,000 new residents will move into Middle Tennessee; Davidson County, Montgomery, Robertson, Sumner, Wilson, Cheatham, Dickson, Williamson, Rutherford, Hickman, by 2020.

Despite that, longtime Nashville developer Tony Giarratana has been forced to change plans for his downtown condo complex, Signature Tower.

The proposed 70-story Signature Tower was initially designed to have 400 condo units. That number has now been reduced.

"Same building, same height, maybe slightly larger, just a reduced number of units, larger units at the top, fewer units in the middle, adding an office component," he told News 2 Wednesday night.

That office component will take up 25 floors, knocking out nearly half of the planned condos.

"We've been approached by a large company to lease a large block of office space that would eliminate approximately 150 condominium units," Giarratana continued.

That undisclosed company comes along at a good time for Giarratana, who is still looking for business partners in the project.

He said, "Market conditions do not permit us to finance 400 condominium units in Nashville, Tennessee."

The number of condos in the building has been dropped to 200 meaning the condos in the upper portion of the building will be larger.

The reduction is a direct reflection of economic times.

Giarratana said, "We are very comfortable with the market fluctuation, very comfort with our product but we are realists."

Ground has yet to be broken on the Signature Tower, to be built on the corner of Fifth Avenue and Church Street.

Giarratana said no one wants to start on the project sooner than he does but said it has to be a financeable building and right now, he is in it alone.
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Old May 25th, 2008, 10:11 AM   #604
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Interesting article. I hope they will solve financial problems asap and start construction.

Instead of condos, more office space will help them make more money. Nice plan.
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Old May 25th, 2008, 11:17 AM   #605
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when I first read about a tower in Nashville I assumed a bad joke! Good that's not the case, I hope the financial issues will be solved soon
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Old May 25th, 2008, 07:21 PM   #606
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So still there is a hope...
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Old June 26th, 2008, 12:24 AM   #607
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Perhaps if Toronto joined the US it would get 7 supertalls?
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Old June 26th, 2008, 01:38 AM   #608
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This project is now at "joke" status...
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Old June 26th, 2008, 01:47 AM   #609
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Quote:
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This project is now at "joke" status...
I wonder about your timing, cheeps, since the latest info we've gotten on the project seems somewhat promising. How long did it take Trump to get started in Chicago ?
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Old June 26th, 2008, 02:35 AM   #610
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My friend...Projects get proposed and approved in have the time it takes most cities. BTW, this have nothing to do with Chicago.
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Old June 26th, 2008, 07:11 AM   #611
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My friend...Projects get proposed and approved in have the time it takes most cities. BTW, this have nothing to do with Chicago.
It has everything to do with Chicago. For some reason, this particular project has had Chicago forumers chattering for two years now.
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Old June 26th, 2008, 07:23 AM   #612
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Looks like this building in Shenzhen, China, with the top stretched:
International Finance Centre
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Old June 26th, 2008, 11:53 PM   #613
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Quote:
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It has everything to do with Chicago. For some reason, this particular project has had Chicago forumers chattering for two years now.
I think many Chicagoans are rooting for this project to get under way. But IMO the developer is starting to feed the good folks of Nashville a nice line of BS. Please don't get me wrong...I love Nashville and want only the best for it's people but this project is starting to get somewhat long in the tooth.
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Old August 1st, 2008, 08:00 AM   #614
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I hope this tower gets the approval it needs!
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Old August 2nd, 2008, 02:11 AM   #615
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An interesting thread!

It's really interestings to read this thread from the beginning - April 30th, 2006 to today ... so much hope and optimism in the beginning! People posting "Groundbreaking on July 4th (2006)!" ... "yep! Groundbreaking on July 4th -- 50% of all units already sold!" etc etc ad nauseam.

Then July 4th came and went ... "Oh! Groundbreaking later in July!" ... followed by "well the people who own the parking lot have 'til the end of August to vacate and that's what's holding it up!" ... then we read by 'inside sources' that groundbreaking will quietly commence in December 2006 without any fanfare ...

Now there was not even a single post from June 26 until August 1st, 2008.

If I was one of those of those people who put a deposit on a condo in this building back in the spring of 2006 I would be royally pissed off!

I'm not saying this this project is dead or will never be built, although that is beginning to seem likely ... one thing I know for sure is that it wont be completed by 2010 and it will not be the tallest building outside Chicago and New York in the US. When built it will be the tallest in Tennessee.
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Old August 6th, 2008, 09:33 PM   #616
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Is Nashville competing with Charlotte for economic superstar in America because if so, then go Nashville!!!
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Old August 6th, 2008, 11:37 PM   #617
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Is Nashville competing with Charlotte for economic superstar in America because if so, then go Nashville!!!
Nashville has the edge in the entertainment sector but Charlotte has a huge edge in the financial and business sectors.
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Old August 7th, 2008, 01:36 AM   #618
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Quote:
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Nashville has the edge in the entertainment sector but Charlotte has a huge edge in the financial and business sectors.
Charlotte, without a doubt, has a big edge in the financial sector. However, I'm not so sure about the business sector. Nashville for the last couple of years has rated the number one city in the nation for corporate relocations, and the Chamber of Commerce has reported that 43 more companies are currently considering relocation to Nashville.
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Old September 24th, 2008, 02:36 PM   #619
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whats up with this
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Old September 24th, 2008, 08:06 PM   #620
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Quote:
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whats up with this
There was an article not too long ago in the newspaper about it, but the article link is no longer valid.
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Last edited by g-man430; September 24th, 2008 at 08:14 PM.
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