The Mall at Green Hills has been closed due to an area-wide water outage, the facility announced this afternoon in a release.
Local media are reporting Metro Water Services crews have located a break in the water main servicing the Thompson Lane pumping station. The break has caused outages in various parts of South Davidson County.
“We are committed to providing our customers, both shoppers and employees, a safe, enjoyable shopping environment,” Kimberly Shadwick (pictured), The Mall at Green Hills general manager, said in the release. “With no running water available in the mall to service both those customer bases, we had to make the unfortunate decision to temporarily close the mall until water is restored.”
Nashville-based boutique developer Evergreen Real Estate is targeting an October opening for its two-story mixed-use building to accompany the Gale Park neighborhood in Melrose.
The building (seen below) is located on the northeast corner of the Gale Park site and fronts the surface parking lot that services a recently renovated Kroger, among other retailers. It will be home to both retail and office space (including the Evergreen office). For the past approximately three years, the boutique development company has operated from the leasing office in its Germantown Place building fronting Jefferson Street on the city’s north side.
For the project, Parkside Builders has served as the general contractor, with DA|AD as the architect.
“We wanted something cool and that would transition from the Kroger building to the Gale Park houses and pick up some design elements of both,” said Aaron White, Evergreen co-principal with Hunter Connelly. “There was a lot to pull off, and DA|AD nailed it.”
The structure, which remains unnamed, carries an approximately $1 million price tag. Evergreen will operate from about a third of the 3,000 square feet on the second floor, while the aforementioned Parkside Builders, which served as general contractor for the recently completed Gale Park, will occupy about half of the first floor.
HitShop Records has restructured its promotional and marketing departments to focus on streaming, satellite and syndication platforms as it prepares for its 2015 release schedule, musicrow.com reports. As part of the restructuring, various HitShop Records employees have left the company. Read more here.
A small space located between The Melting Pot and The Old Spaghetti Factory on Second Avenue downtown will soon be home to Hob Knobs, a martini, whiskey and cigar bar, eater.com reports. Cumberland Hospitality Group, Barrett Hobbs' entity that owns and operates various Nashville watering holes (including Whiskey Bent Saloon and The Silver Dollar Saloon), is handling Hob Knobs. Read more here.
Former Caremark Rx exec Drew Crawford announced Tuesday the launch of PBM365 Media, a media source based in Nashville covering the pharmacy benefit management industry.
Billed as fair, unbiased reporting as well as insight and analysis, PBM365 will publish feature stories, opinion pieces, analysis, breaking news and a variety of viewpoints. Included in coverage will be CatamaranRx, CVSCaremark, Express Scripts, UnitedHealth Group and Magellan Health, among others.
Mr. Crawford said, "The PBM industry is an almost $300 billion dollar industry that affect the lives of more than 200 million Americans. It is a business that plays a dominant role in our health care system, provides tens of thousands of valuable, good paying jobs and its five public companies alone have a market cap of over $237 billion. However, nobody outside of these companies truly understand what they do or how they make money. We want to stop that now. PBM365 will unlock the black boxes surrounding the industry and provide investors, customers, consultants, legislators, employees and every other PBM stakeholder with better information to make important decisions with.
Two analysts following hospital industry leader HCA Holdings have hiked their price targets for the company following its Q2 profit report. At Oppenheimer, Michael Wiederhorn now sees HCA — which ended Tuesday trading at $65.07 (Ticker: HCA) — climbing to $74 in the coming quarter. That's up from $62. Ann Hynes at Mizuho has him beat by a dollar after lifting her target to $75 from $60. Both analysts recommend investors add to their HCA holdings.
Atlanta-based multi-unit residential developer The Worthing Companies has three acres under contract and located at the northeast corner of the 28th and Charlotte avenues intersection, The Tennessean reports.
The company is targeting a 257-unit apartment building for the site, which straddles the 28th/31st Avenues Connector, according to the morning daily.
A quick scan at The Worthing Companies website shows projects that lean toward an understated exterior design aesthetic.
New York-based investor Harmolio LLC has acquired the Gulch-area building located at 712 Fogg St. and from which Ceramic Tile Distributors Inc. had operated, The Tennessean reports.
The building is located across Fogg from the Voorhees Building, which Harmolio purchased for $3.53 million in February. The company has yet to announce plans for Voorhees but earlier this year had a massive “V” painted on its façade signage.
The general area in which Harmolio has invested, and that some call the South Gulch or the East Gulch, has seen significant real estate and business activity the past year. Read more here.
Franklin-based ethanol marketers Eco-Energy have signed a contract with the backers of an under-construction corn-ethanol plant in North Dakota to take to market their 65 million gallons per year. Dakota Spirit AgEnergy expects to bring its plant online early next year. The facility will process 23 million bushels of corn annually.