21c Nashville LLC has acquired for $6.8 million the property located at 222 3rd Ave. N., The Tennessean reports.
The seller was Metro Government.
21c Nashville LLC parent company 21c Museum Hotels plans a boutique hotel at the site, which is home to a traditional masonry building.
City Winery Nashville — the cosmopolitan night spot that is expected to help spur growth within SoBro — will open Oct. 1.
A combination restaurant, music venue and fully functioning winery, City Winery will be located at 609 LaFayette St. and will be the fourth City Winery location, joining those in New York, Chicago and Napa Valley, California.
The facility will be housed in a 30,000-square-foot warehouse space that is being dramatically overhauled (read more here). City Winery Nashville will feature a 300-seat concert hall, restaurant and private dining operation. A head chef has not been announced yet, but the menu will feature more than 400 wines and house-made City Winery selections on tap, according to a release.
“We’ve been eyeing Nashville for a long time and we’re thrilled to finally become a part of its flourishing cultural and culinary scene,” Michael Dorf, City Winery founder and CEO, said in the relase. “The heart of City Winery is its music and what better place than Music City to showcase all types of music in a unique, upscale setting with fine wine and food. We can’t wait to open our doors and provide our guests with a one-of-a-kind concert and dining experience.”
City Winery has a series of soft opening events planned leading up to October’s grand opening. It has partnered with the Americana Music Association to host an awards show after party and has booked a full calendar of shows during the Americana Music Festival. It will also serve as the after-party location for the second annual Music City Food + Wine Festival.
Boyle Investment Inc. has now placed on its website detailed images and information regarding the major North Gulch project it will undertake with both HCA and Northwestern Mutual Real Estate Services.
If the massive development, called Capitol View, unfolds as the team envisions, it likely will represent the single-largest (in terms of scale, acreage and number of buildings) built-from-scratch urban project in Nashville’s history.
A site plan for the approximately 32 acres shows six so-called blocks (each with a letter) comprising various uses. Specifically, the info notes 1 million square feet of office space, 300,000 square feet of retail, restaurant and grocery space, 1,000 residential units, two hotels and an urban park/event space. (See here.)
Of note, Boyle is stressing Capitol View will offer long-standing urban placemaking concepts including walkability, a sense of arrival, street hierarchy, mixed-use buildings and the allowing of multiple modes of transportation. Atlanta-based Cooper Carry is handling architectural services.
Boyle officials could not be reached for comment.
(Images courtesy of Cooper Carry.)
After having secured a restaurant operator as the first tenant for the industrial building that is part of its The Flats at Taylor Place development underway in Germantown, SWH Residential Partners will now turn its attention to finding additional tenants for the space.
“We are not looking at this time for additional food and beverage industry tenants,” said John Tirrill, managing partner of Atlanta-based SWH. “I’d like to find [soft goods] retailers or craft manufacturers. Office is also an option.
“We would like between two to four more [commercial] tenants,” he added.
Earlier this week, and as first reported by the Nashville Business Journal, Chattanooga-based chef and restaurateur Daniel Lindley announced he will open a restaurant on the site, specifically in the 1953-completed 16,000-square-foot masonry building called The Warehouse at Taylor Place (seen below in top image).
The structure is located on the northwest corner of the T-intersection of Taylor Street and Fifth Avenue North. Nashville-based architect Smith Gee Studio is handling design work to update the building (read more here).
A James Beard nominee, Lindley will lease about 7,240 square feet inside the industrial building and about a 2,500 square feet of patio space to be located between the warehouse and The Flats at Taylor Place (seen in image below), which will welcome its first tenants in mid-August.
Chad Grout, founder of Nashville-based Urban Grout Commercial Real Estate, was the listing agent for the space and represented SWH. Land Deleot, also Nashville based and a principal with Equitable Property Group, represented Lindley.
Financial terms of the lease are not being disclosed.
Lindley, who owns Alleia on Main Street in Chattanooga’s fast-changing Southside district, recently opened The Grocery Bar, also in Southside. He once had financial interest in St. John's and Meeting Place, both located in Chattanooga.
“Daniel is certainly one of the top chefs in the state and he is very hands-on and passionate,” Tirrill said. “He is developing not only a regional but a national reputation.”
Lindley is expected to open his Germantown restaurant by October.
Belmont University has secured a permit for continued work on its under-construction academic and dining services complex located at 1909 15th Ave. S.
R.C. Mathews Contractor is serving as the project's general contractor, with the permit valued $21.23 million.
Read more here.
Even a very cursory check of Nashville's apartment market will show that rents continue to climb steadily even as new units are being brought to market by the hundreds. Now research firm Axiometrics has the numbers: The annual effective rent growth in the It City was 5.5 percent in June, up from 4.7 percent in March and 4.1 percent a year ago. Occupancy inched up to 96 percent, staying ahead of the national average by about a point.