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.
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.
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).
A residential project targeted for West Nashville will offer condominiums and townhomes instead of apartments, The Tennessean reports.
Nashville-based MiKeN Development and investment partner HR Properties changed its plan for the 4.5-acre site after getting neighborhood feedback, the morning daily quotes Michael Kenner (pictured), MiKeN founder.
The site is located in the Robertson Road area located on the west side of Briley Parkway from The Nations (in which Kenner is also undertaking development).
Read more here.
James Carbine is president of Carbine & Associates, which recently announced it will break ground in May in The Nations on Kenrow Corner.
The $3.4 million mixed-use development of townhomes and commercial space will be the Franklin-based company’s first mixed-use project in an urban setting. It will be located within the wedge-like corner created by slanted T-intersection of Kentucky Avenue and Morrow Road. (Read more about the project here.)
Post Managing Editor William Williams caught up with Carbine to gauge his thoughts on the project.
Why The Nations for Kenrow Corner?
For 30 years, Carbine & Associates has been building and developing in Middle Tennessee. Most recently, we’ve been active in Green Hills around the Lipscomb area where we built the HGTV Smart Home last year. As we began exploring East Nashville and The Nations, we settled on this location because the land at Kentucky and Morrow was unique and perfect for our vision of a mixed-use development that could contribute to the value of the area. We’ve also been impressed by the welcoming nature of the community through its website and neighbors. Ultimately, it was personal; we are building a townhome for my daughter, a young professional, who loves The Nations as well and especially that $10 Uber ride to downtown.
This is your first urban project. How will you approach it?
With the site being wedge-shaped, it lends itself well to a vertical design. We break ground in May on the cluster of three buildings of townhomes and commercial space. The demand is so strong; we are predicting the build and sale of all the townhomes and retail space by the end of the year. A tremendous amount of time has been spent by our design-build team creating attractive floor plans and interior spaces. We’re very pleased with the reception we have gotten in our focus group.
You chose Quirk Designs, which is known for quality neo-traditional architectural design. Your thoughts?
Many years ago, I met Preston [Quirk] when he was referred to me to design an addition to a home my wife and I had bought and restored. He’s extremely talented and understands how design affects costs. He also does a wonderful job of designing product that is architecturally appealing, mixes well with an existing neighborhood and is cost effective. We couldn't be more pleased with the product he has designed for Kenrow Corner.
What do you envision for the commercial space at Kenrow Corner?
The space has a lot of appeal, especially with the limited amount of commercial space in The Nations and also its close proximity to downtown. Currently we are negotiating with a possible tenant but cannot yet disclose the firm. We hope to have an announcement soon.
Are you looking for other properties in urban Nashville?
Most certainly. We are celebrating our 30th year of homebuilding in Middle Tennessee and have developed and built in Nashville the majority of that time. We have several exciting projects we will be announcing soon including one in Brentwood.
(Image courtesy of C&A and Quirk Designs)
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