Townhome project planned for Hillsboro Village area

Nashville-based Rigid Development Inc. plans to develop a 21-unit townhome project near Hillsboro Village, The Tennessean reports.

The company paid $2.1 million for two parcels (at 1911 and 2001 Convent Place), with two structures serving as rental properties to be razed for the redevelopment, according to the morning daily.

 


 

Apr 24, 2014 1:00 PM

Gulch restaurant project Prima lands $2.5M permit

The owners of planned Gulch restaurant Prima have secured a permit related to work on the space.

To be located in the ground floor of mixed-used mid-rise Terrazzo, Prima will span about 8,800 square feet. The Prima address is 700 12th Ave. S., with the restaurant to front Division Street.

R.C. Mathews Contractors has the permit, valued at $2.5 million.

Local restaurateur Miranda Whitcomb Pontes (pictured) is teaming with chef Sal Avila, who has worked at City House and 360 Bistro, among others, to create Prima. Read more here.
 

Apr 24, 2014 10:48 AM

Southern Land talks to would-be tenants of planned Green Hills tower

Southern Land Co. continues to target an early summer construction start on its Green Hills mixed-use project and has had discussions with prospective retail and office tenants this week — despite a last-minute neighborhood attempt to thwart the effort.

Michael McNally, Southern Land vice president of mixed-use development, said the company recently released marking and collateral materials targeting non-residential tenants.

“We already have had strong interest from [prospective] office, retail and restaurants tenants,” said McNally (pictured).

On Tuesday, officials with the Green Hills Neighborhood Association announced they had filed an appeal (read here) in Davidson County Chancery Court to contest the approval the Metro Planning Department and the Metro Planning Commission have given to Southern Land for the 16-story mixed-use development.

“We are aware of the lawsuit and will deal with that accordingly,” McNally told the Post Wednesday afternoon. “We are still proceeding with this project. We are very excited about it.”

McNally said recently initiated demolition work has gone smoothly.

“We’re going through the proper Metro channels for [additional] demo and abatement permitting,” he said. “And we’re working with Metro to secure grading permits with the hope of starting construction in early summer.”

Of note, Southern Land will have its offices in the building.

 


 

Apr 24, 2014 7:15 AM

Real estate notes: Encore slated to land restaurant

Also: Shop at Home site sells for $3.2M
Apr 23, 2014 2:30 PM

Williamson chamber making progress with capital campaign

Williamson County's economic development leaders say they have raised about $2 million of the $2.9 million target for their five-year Economic Partnership strategic plan. The successes so far have been led by early pledges from seven so-called Founding and Platinum Investors: Jackson National Life, Tractor Supply, Grand Avenue, Mars Petcare, Saint Thomas Health, Video Gaming Technologies and Williamson Medical Center.  Each of those entities has committed $100,000 or more over the next five years. Check out the Chamber's press release here.

Apr 23, 2014 1:28 PM

Nashville home value forecast improves a bit

Housing market research firm Zillow has updated its 2014 home price forecasts for cities across the country and the news for Nashville-area homeowners is a bit more positive than it was three months ago. The company now sees home values in Middle Tennessee climbing 1.3 percent from now until March of next year, up from 0.9 percent in January. Conversely, the national value appreciation forecast has been trimmed to 3.3 percent from 4.8 percent.

The local number incorporates forecasts for individual area cities that vary almost three percentage points. Here are the cities with the greatest projected price growth:

• Thompson's Station: 2.9 percent
• La Vergne: 2.5 percent
• Franklin: 1.8 percent
• Goodlettsville: 1.8 percent
• Dickson: 1.6 percent

And those with the smallest expected changes...

• Gallatin: 0.8 percent
• Springfield: 0.7 percent
• Lafayette: 0.5 percent
• Portland: 0.5 percent
• Westmoreland: -1.0 percent

Check out Zillow's full market report here.

Apr 23, 2014 9:49 AM

Former Johnny Cash property sells for $2M

Former Bee Gees member Barry Gibb and wife Linda have sold the Hendersonville property that Johnny Cash and June Carter owned for more than 40 years, according to The Tennessean.

Lakehouse Holdings purchased the property, located at 200 Caudill Drive, for $2 million, according to the Sumner Country Register of Deeds, the morning daily reported Tuesday.

In January 2006, Gibb purchased the property in January 2006 with the goal of having its house be a songwriting retreat. However, a fire destroyed the home, while under renovation, in April 2007.

Apr 23, 2014 7:15 AM

Encore lands fashion retailer Ensemble

Simply the Best $10 Boutique owners to open new business in SoBro tower
Apr 22, 2014 2:39 PM

Sounds stadium gets First Tennessee name

Bank's deal could reach 20 years
Apr 22, 2014 11:36 AM

Green Hills group files appeal to stop planned mixed-use project

GHNA turns to Chancery Court regarding Southern Land development
Apr 22, 2014 10:28 AM