Real estate notes: REIT lands $9.19M permit for Midtown project

Nashville-based Healthcare Realty Trust has landed a permit related to the its medical office building under construction in Midtown.

Specifically, HRT is undertaking an expansion, renovation and new construction on Midtown Medical Plaza I and II (which acts as one building). The new construction will yield a building to sit at the southeast corner of the intersection of Church Street and 21st Avenue North a half block north of a parking garage HRT is developing. The site previously was home to a structure that housed, among others, Saint Thomas Midtown Hospital’s fitness center.

The Layton Companies Inc. is handling the work, with the permit valued at about $9.19 million.

Read more about the project here.

Chauhan eyes North Gulch space for two restaurants

Celebrity chef Maneet Chauhan and her business partners are targeting the North Gulch building last home to Anthem, and next to her Chauhan Ale & Masala House, for two new restaurant concepts, reports.

Joined by husband Vivek Deora and local businessman Moni Advani, Chauhan has signed a lease in place for the former nightclub space (see the buildings here courtesy of Google Maps) but has yet to disclose details.Earlier this year, Chauhan announced plans to open a micro-brewery in the Franklin building space soon to be vacated by Turtle Anarchy Brewing Co. (which is moving to The Nations).

Nations property could land restaurant

Nashville-based real estate investor and builder Jeff Estepp is in discussion with three restaurant groups to lease about 5,800 square feet space at his Centennial Hall property located in The Nations, The Tennessean reports.

The property — which includes a former church building and a structure that was last home to West Meade Decorating Co. — is located at 1105 51st Ave. N. Estepp paid $1.37 million for the property, the morning daily notes.

Read more here.


Sep 22, 2015 12:42 PM

The heart of The Nations

Transitioning neighborhood's 51st Avenue could see change — but what type?
Sep 20, 2015 10:10 AM
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Mixed-used project eyed for The Nations

Nashville-based Vintage South Development has paid $1.3 million for 1.19 acres in The Nations and plans a mixed-use project, The Tennessean reports.

Vintage South founder Nathan Lyons (pictured) is considering restaurant, retail and office space, according to the morning daily.

The property is located at 5016 Centennial Blvd., and is highlighted by a vintage masonry building that fronts 51st Avenue North and is the former home to Nashville Discount Building Materials Inc.

The acquisition comes as a development entity recently announced it is eyeing a project two blocks west of the site Lyons bought (read more here).

See the Vintage South site here courtesy of Google Maps.

Jul 10, 2015 9:41 AM

Nations site sells for $6M

Redevelopment slated for 36 acres near Centennial, 51st intersection
Jun 30, 2015 5:11 PM

November start eyed for modified mixed-use Nations project

MiKeN reduces residential count related to BZA parking concerns
Jun 22, 2015 2:09 PM

Nations-based businessman preps for property plans

Estepp to acquire parcels on 51st, move existing business to site
Jun 15, 2015 2:33 PM

Nations sites under contract

51st Avenue parcels could accommodate mixed-use project
Jun 12, 2015 7:00 AM

Proposed Nations project spurs debate about 51st development

Councilman expresses concerns related to MiKeN effort
May 22, 2015 12:46 PM

Nations project lands permits for 98-unit townhome project

Nashville-based Craighead Development has landed multiple permits for its West Mill Townhomes project in The Nations, a 98-residence development for which the first units are slated to open by September’s end.

Bill Hostettler, Craighead chief manager, said HND Realty (a Craighead sister company) pre-sold 38 townhomes during the first three weeks of sales about a month ago.

The 19 permits, according to Metro Codes Department documents, have a collective value of about $2 million.

The project is located on the west side of 57th Avenue North between California Avenue on the north and Louisiana Avenue on the south.

Read more about the project and see an image here.


May 18, 2015 6:45 AM

Nations industrial site could get makeover

A filing has been made with the Metro Planning Commission to have nine acres of land located at 5400 Centennial Blvd. in The Nations rezoned to mixed-use from industrial.

Sources who asked to go unnamed and with information about the effort said Berry Hill-based Craighead Development has an option to buy the property and wants to undertake a mixed-use development.

Currently, the property is home to buildings that once housed lumber business Bruce Hardwood Floors. The owner is Brucewood Partners, which bought the property in March 2013 for $2.5 million.

According to the sources, petroleum companies also are looking at the property as a possible site for a natural gas facility to accommodate tractor trailer rigs.

It is unclear when the planning commission will vote on the rezoning request. Bill Hostettler, Craighead chief manager, could not be reached for comment.

Relatedly, Craighead-affiliated HND Realty has started nearby its 98-townhome West Mill at the southwest corner of the intersection of California and 57th avenues (read here).

May 4, 2015 6:45 AM