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By: Emily Kubis
Posted: Monday, October 12, 2015 - 15:00
Acadia Healthcare is planning a $50 million expansion at a Philadelphia facility the company bought this summer, according to the Philadelphia Business Journal.The Franklin company bought the Belmont Center for Comprehensive Treatment from Einstein Healthcare Network for $35 million in June, and initially planned a $10 million investment in the 147-bed facility.
By: Geert De Lombaerde
Posted: Monday, October 12, 2015 - 10:57
Members of a 50-person stakeholders group tasked with helping steer Nashville's efforts to create an inclusionary zoning ordinance will gather for the first time tonight at 5:30 at the Howard Office Building downtown. The group, which includes Metro Council members as well representatives from the development sector and housing advocates, will help gather community feedback on the goals and ways Metro Planning should consider.
By: Geert De Lombaerde
Posted: Monday, October 12, 2015 - 07:22
Two years after opening her East Nashville vegan bakery and café, Karina Khan will close the doors to Khan's Desserts this Sunday. The chief culprit — cue some It City teeth-gnashing — is the fast-rising rent at the corner of Porter and Eastland avenues. Lizzy Alfs at The Tennessean has more info here.
By: Geert De Lombaerde
Posted: Monday, October 12, 2015 - 07:03
Here's a local economic indicator we should probably watch more closely — especially as we discuss what to do about affordable housing and income inequality. Nashville-area seasonally adjusted average hourly earnings, as compiled here by MTSU's Business and Economic Research Center, have basically circled $23 for the past year and a half. And for the past five months, they've been below year-earlier levels, the longest such streak since the spring of 2013.
By: William Williams
Posted: Monday, October 12, 2015 - 06:45
Frank Wilk is vice president of operations for Crain Construction, the general contractor for Buckingham Companies’ Aertson Midtown. Work is progressing on the 17-story mixed-use development, to be located near Vanderbilt University and that will include 350 apartments, a 180-room Kimpton Hotel and street-level retail. Post Managing Editor William Williams caught up with Wilk to ask a few questions about the project, which is expected to be completed in late 2016.
By: William Williams
Posted: Friday, October 9, 2015 - 14:15
Core Development now has a website for its 1260Martin residential project planned for Wedgewood-Houston. The website (see here) does not offer full details, and Core officials could not be reached for comment Friday morning.
By: William Williams
Posted: Friday, October 9, 2015 - 13:05
Vastland Companies has landed a permit for its 144-unit four-story Avalon at Seven Springs apartment building currently under construction. Southland Constructors will handle the job with the permit valued at about $16.37 million, according to a document.
By: Geert De Lombaerde
Posted: Friday, October 9, 2015 - 11:48
Columbia-based Community First Bank & Trust is, as of Sept. 29, no longer operating under any sort of extra regulatory requirements. The bank, which runs eight offices in Maury, Hickman and Williamson counties, had been under an informal memorandum of understanding with regulators since late last year. As recently as 2012, the bank faced a $15 million capital gap as it tried to bounce back from the real estate bust and meet the stringent extra conditions regulators were demanding.
By: William Williams
Posted: Friday, October 9, 2015 - 10:13
Turner Construction is expected to be the general contractor for the Tennessee State Museum project planned for North Capitol, The Tennessean reports. The state has notified the New York City-based company, which has a significant Nashville-area presence, the choice is dependent on State Building Commission approval. The commission meets Tuesday. The state is targeting a spring start on the $160 million project, with a summer 2018 completion eyed.
By: William Williams
Posted: Friday, October 9, 2015 - 09:58
The home foreclosure rate in the Nashville area decreased slightly in July compared to the July 2014 mark, according to data from CoreLogic. The data shows the rate of Nashville-Davidson-Murfreesboro-Franklin area foreclosures among outstanding mortgage loans was 0.37 percent for the month, a decrease of 0.18 percent points compared to the same month last year when the rate was 0.55 percent. Foreclosure activity in the Nashville coverage area was lower than the national foreclosure rate, which was 1.26 percent for July.