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Discussion Starter · #1 ·
$75M luxury apartment project planned for Gulch

http://www.tennessean.com/story/mon...rtments-crescendo-growth-development/9710153/
A Nashville developer has 1.8 acres in the south Gulch under contract with plans for a $75 million high-rise building with 330 luxury apartment units.

Crescendo will be the name for a 23-story building that Division Street Land Partners LLC, which is led by Nashville developer Travis J. Kelty, plans for the property. The site at 641 Division Street currently serves as the home for Myers Flooring.

In addition to the apartments, the project would also have space for ground-level retail shops and restaurants, along with an attached 600-space parking garage. The total building would top 350,000 square foot.
Construction is expected to start by year's end with completion expected in late 2016, Kelty said.

The existing building is expected to be torn down, with Myers planning to build a new showroom on the remaining 1.2 acres on the west side of the property.

"The design of the building will be consistent with other mixed-use buildings in the Gulch," Kelty said, adding that design schematics is now underway, and should be available within a month.
Crescendo's project team includes two companies that were also listed on the team for Strings general contractor Roy Anderson Corp., a division of Tutor Perini Corp. of Gulfport, Miss.; and lead architect Rick Standard of KPS Architects of Atlanta.

Gresham Smith and Partners of Nashville is the civil engineer for Cresendo, while Bone McAllester Norton of Nashville is the law firm for the project.

Kelty's Impakt Commercial will manage leasing for the retail and restaurant spa be at Cresendo, Brian Taylor of Karr Commercial is the real estate agent representing Division Street Land Partners in acquiring the property.
 

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Is it realistic for this building to have broken ground by the end of the year? I'm hoping so but seems like that is a little far fetched.
 

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Discussion Starter · #3 ·
Is it realistic for this building to have broken ground by the end of the year? I'm hoping so but seems like that is a little far fetched.
Well, according to the article in the Tennessean today, groundbreaking is scheduled for next spring. Article also has a rendering for the project (posted below) as well other details.

Building is said to cost 75 million to construct, have 303 luxury units, 36,000 square feet of retail space and a 600-car parking garage in the building. Also will include a rooftop deck, swimming pool, fitness center and a dog walk. Oh and water fountains and waterfalls...:wink2:

Developer gives first look at proposed Crescendo tower
http://www.tennessean.com/story/mon...first-look-proposed-crescendo-tower/14653433/


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.
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."
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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Discussion Starter · #5 ·
Change requested for site planned for Gulch tower
https://www.nashvillepost.com/blogs...ge_requested_for_site_planned_for_gulch_tower

Division Street Land Partners’ efforts to develop Crescendo in the Gulch could be poised to take a step forward, as the entity is requesting from the city a change to the site that would accommodate the 23-story tower.

Specifically, Division Street Land Partners will request that the Metro Planning Commission approve a shifting of lot lines between properties located at 641 Division St. and Division Street (the site on which the Myers Flooring building currently sits).

The request, listed on the Metro Planning Department Development Tracker site, has not yet been placed on the Metro Planning Commission agenda. The next commission meeting is Thursday, Nov. 13.

DSLP, which is targeting a spring 2015 groundbreaking date, has enlisted Gresham Smith and Partners for the effort.

Artemis Real Estate owns the site.
 
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