Biscuit Love Brunch, to be located in Gulch mixed-use building Velocity, will soon open, according to owners Sarah and Karl Worley. The venture is a partnership with Fresh Hospitality, a investment group with a portfolio of restaurants that includes local operations such as Jim 'n Nick's BBQ, Martin's Bar-B-Que Joint, Taziki's Cafe and Padrino's Pops. Biscuit Love Brunch will take the space most recently home to Kocktails & Kouture. Read more here at the Scene.
Gulch luxury high-rise Twelve Twelve is officially a condominium building.
Co-developers Ray Hensler (of Hensler Development Group) and Fort Lauderdale, Fla.-based Stiles Corp. have taken 65 of the tower’s 286 units from reservations to binding contracts. The units (originally announced as rental) represents $49 million worth of value, with the dollar figure easily surpassing the $35 million Hensler said his lenders (U.S. Bank and J.P. Morgan) required him to obtain.
“We’re very pleased,” Hensler said Wednesday afternoon. “We’re on track, we believe, to pay off our loan within the first month or two [of the building’s opening by October].
“Most importantly, so many large units are in the conversions, so it is giving us a chance to retire some of the debt moving forward,” he added.
Of note, Twelve Twelve is believed to be one of the first luxury condo towers (if not the first) to open post-recession in a Southeastern city (notwithstanding those in Florida).
Entertainment agency William Morris Endeavor will relocate its Nashville office at Roundabout Plaza to about 26,000 square feet of space within the Gulch building planned for construction at 1201 Demonbreun St. in the Gulch, according to The Tennessean.
Eakin Partners developed Roundabout Plaza and is targeting a summer groundbreaking for the 15-story, 300,000-square-foot office tower to which WME will move. The building — the rendering here is the most recent Eakin has released and shows the structure at more than 15 floors — will be located next to luxury condominium tower Twelve Twelve, which is expected sto welcome its first residents in September.
WME, a talent agency based in California, will take 26,000 square feet of space in the future Eakin building, with the move expected by the end of 2016, the morning daily reports.