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POSTBUSINESS

By: William Williams
Posted: Tuesday, August 4, 2015 - 08:30
The Metro Parks Department is finalizing construction contracts related to its Fort Nashborough Interpretive Center to overlook the Cumberland River on downtown’s west bank. Chris Koster, the department’s special projects manager, said the project was to have been part of a previously planned downtown floodwall effort. With the floodwall scrapped, Metro still plans to use Skanska USA as the general contractor. The budget for the replica stockade project is being projected at $1.4 million, Koster added.
By: Emily Kubis
Posted: Tuesday, August 4, 2015 - 07:20
Kroger is planning a significant expansion and renovation of the Brentwood building last home to Harris Teeter, according to The Tennessean.The former Harris Teeter space (the grocery closed earlier this year) will be reinveted as a Kroger superstore, with a spring 2016 opening targeted.From The Tennessean:
By: William Williams
Posted: Tuesday, August 4, 2015 - 07:05
Leadership Tennessee, an education-related initiative of Lipscomb University’s Nelson & Sue Andrews Institute for Civic Leadership, has received a $750,000 grant from the Bill & Melinda Gates Foundation. The grant (the money is to be disbursed spanning a three-year period) will be used to expand the program’s offerings, scope and impact on Tennessee, according to a release. Launched in February 2013, Leadership Tennessee is designed to cultivate a statewide network of business, nonprofit, education and government leaders.
By: Geert De Lombaerde
Posted: Tuesday, August 4, 2015 - 06:44
Pinnacle Financial Partners has completed its acquisition of CapitalMark Bank & Trust in Chattanooga, a move that grows Pinnacle to 37 offices and $7.6 billion in assets. CapitalMark's four offices will keep their name until next March, when the integration of the two companies will be wrapped up.
By: Geert De Lombaerde
Posted: Monday, August 3, 2015 - 14:19
It's taken a few trading sessions but it looks like the short sellers are cashing in on the news late last week that Jerrod Menz has stepped down as president of AAC Holdings after being one of five people charged in the death of a former patient in California. As of 2:20 p.m. Monday, AAC (Ticker: AAC) was off more than 13 percent to about $32.95. If they close at that level, it will be their lowest end to a trading day since mid-May.
By: William Williams
Posted: Monday, August 3, 2015 - 13:38
The development team overseeing SkyHouse Nashville has landed a permit for the Midtown project, ground for which has been broken, according to a Metro Codes Department document. Batson-Cook, one of the team’s partners, is serving as general contractor for the development, with the permit valued at $47.97 million. The builder will construct a 25-floor 352-unit apartment building with street-level retail and a parking garage.
By: William Williams
Posted: Monday, August 3, 2015 - 13:20
The Nashville Area Chamber of Commerce will launch Tuesday an initiative to be called Moving Forward: Transit Solutions for Our Region. The goal is to aid in the start by 2020 of a rapid-transit project, according to Nashville Business Journal. Bridgestone Americas CEO Gary Garfield (pictured) has been named chair of the initiative’s coordinating committee, with Pete Wooten, executive vice president of Avenue Bank's commercial bank group, to serve as vice chair.
By: Geert De Lombaerde
Posted: Monday, August 3, 2015 - 11:54
The planned sale of Nashville Superspeedway to locally based NeXovation has fallen through, but NeXovation CEO Robb Sexton says he's not giving up. He says a big reason his team hasn't closed on its $46 million deal is that its lender hasn't followed through and, as such, caused lengthy delays. Now that the Dover deal has expired, NeXovation can look for other funders to back its plans.
By: William Williams
Posted: Monday, August 3, 2015 - 10:49
The average per-gallon price of regular gas in Nashville on Sunday was $2.45, down five cents compared to the mark of a week ago and down 13 cents from the figure of four weeks prior. This time in 2014, the average per-gallon price of regular gas in Nashville was $3.36. Relatedly, Tennessee’s average price was $2.37 Sunday, down five cents compared to the figure from the previous week, according to AAA The Auto Club Group.
By: William Williams
Posted: Monday, August 3, 2015 - 09:30
Nashville-based Smyrna Ready Mix Concrete officials want 16.5 acres of Ashland City Highway-area property the company owns rezoned to allow construction of a concrete batch plant, The Tennessean reports. The concrete contractor expects to spend about $2 million to build what would be its 24th plant in Tennessee, according to the morning daily. Jeff Hollingshead, SRMC CEO, told The Tennessean a new plant would allow the company to more effectively service customers located in and near Nashville's urban core.