A trio of development groups is attempting to acquire a Gulch site from which a storage business operates across Division Street from Yazoo Brewing Co.
The Tennessean reports that Tommy Pierce, president of A+ Storage of Tennessee and majority owner of the property, expects to reach an agreement with one of the prospective suitors by the end of September.
The morning daily notes the developers are based in Georgia, Texas and Nashville, respectively. Options include a residential tower, a building with luxury apartments or condos, and a luxury hotel building with a music/television studio.
The two-acre property sits at 909 and 911 Division St., sandwiched by the sites of the Fairfield Inn & Suites and mixed-use mid-rise Terrazzo. It also is located a few blocks west of the point at which Metro will connect Division and Ash Street via a viaduct, a move that is expected to spur development on what is the southern segment of downtown.
See the site here courtesy of Google Maps.
Crescent Communities has landed 10 permits for its Crescent Music Row mixed-use project under construction at 1221 Division St. near both Music Row and The Gulch, according to a Metro Codes Department document.
Balfour Beatty Construction is handling the job, with the permits valued at a collective approximately $12.26 million.
The building will offer 275 luxury apartment units and about 8,000 square feet of ground-level retail space.
Read more about the project and see a large image here.
The team looking to bring a high-end hotel to The Gulch is not preparing to announce groundbreaking for a tower to house an Edition Hotel — despite the existence of images that might suggest otherwise.
Vize Architectural Rendering, a Prague-based presentation services company for architects located mainly in Europe, offers on its website two images of a Gulch tower. Edition Hotel signage is seen in one image. Nashville-based Tuck-Hinton Architects is listed, too.
The images surfaced this morning on urbanplanet.org, a message board that focuses on issues facing the manmade environment and for which the Nashville forum is known to be quite active. Mark Bloom, who serves as spokesman for the investor group hoping to develop a hotel on 12th Avenue South between Laurel Street on the north and Pine Street on the south, said the images are outdated and no deal or project looms.
“We continue to keep our heads down and grind away, hoping to create a special hotel on our Gulch property one day,” Bloom said. “And with a brand that doesn’t exist in Nashville today.”
He declined further comment.
According to multiple sources, Bloom and his group during the past few years have talked to officials with various hotel brands — with no agreements having been reached. Edition Hotels officials, seemingly, were in that mix at one point (read here).
Local blow dry bar The Blowout Co. will later this month open its third local outpost, setting up in 1,400 square feet in the Gulch's Terrazzo tower. The chain founded by Leslie Embry also plans to open a store in Chattanooga in September.
“We’re excited to move into the Gulch where we’ll be surrounded by so many thriving businesses and amazing people,” Embry said. “The new location will allow us to more easily serve our downtown clients and better accommodate Nashville visitors.”
Check out more on the company here.
Work continues at the ground-level retail space of MarketStreet's Gulch Crossing, with a permit pulled for work to prep for Potbelly Sandwich Shop.
Potbelly Corp., the parent company, is a publicly traded restaurant chain based in Chicago. The company has almost 300 locations and recorded about $325 million in revenue in 2014.
Nashville-based DWC Construction Co. is handling the work at the Gulch-based mixed-use building, with the permit valued at $240,000.
The address for the eatery will be 220 11th Ave. S.
Nashville-based MarketStreet Enterprises has landed a permit for its Thompson Nashville hotel building under construction in The Gulch, according to a Metro Codes Department document.
The 12-story 224-room boutique hotel will have an address of 401 11th Ave. S. MarketStreet is teaming with Commune Hotels & Resorts, AJ Capital Partners and The Berger Company on the development.
JE Dunn Construction is handling the work, with the permit valued at about $25 million.
Nashville-based Hastings Architecture Associates is designing the building, which also will feature retail space and is slated for a late 2016 completion.
Read more here.
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