Gallatin-based real estate investment firm Green & Little LP has secured a permit related to its project planned for a light industrial site located at 2926 Kraft Drive east of Vanderbilt Health One Hundred Oaks. The permit is valued at $1.3 million, with Crain Construction to serve as general contractor.
June's job growth numbers from the Bureau of Labor Statistics didn't deliver great news. The 2.8 percent increase from mid-2013 is absolutely nothing to sneeze at, but it is the lowest number since December. Notable drivers of the slowdown were the information and finance sectors, which are both clearly shrinking, as well as manufacturing, which grew at less than half its Q1 average.
On the flip side, construction, professional services and hospitality employers continue to chug along. But getting back above 3 percent and staying there until we get to 2015 will require other sectors to play a healthier role.
Within the past 12 months or so, Nashville has become a target location for companies that own and operate boutique hotels.
During this time, three boutiques have been announced for the city and two others are seemingly being considered — all five in the central business, no less.
With this in mind, a friend recommended I contact the folks with Portland, Oregon-based Ace Hotel (read more here) to see if they are honing in on Music City. My friend (who will go unnamed) is very attuned to out-of-town entities eyeing our city and, for example, had heard 21c Museum Hotels officials were looking at Nashville long before any local media reported so.
So I reached out to Ryan Bukstein, the director of public relations and marketing for Ace Hotel’s in-house PR firm Atelier Ace. He emailed me the following:
“We are not confirming any plans for future hotels other than Ace Hotel Pittsburgh, which is planned to open in Mid 2015.”
Of note, I recently contacted a spokesperson for the aforementioned 21c Museum Hotels, who flat-out denied in an email the company was planning to open a hotel here. Shortly thereafter, 21c Museum Hotels, which is Louisville based, announced it would be Nashville bound.
As to Ace Hotel following suit, …
Chattanooga-based Vision Hospitality Group Inc., is targeting a September opening for its Fairfield Inn & Suites by Marriott nearing the end of construction on Division Street in The Gulch.
Originally, the company had eyed a mid- to late-spring opening.
Andrew Hibbard, Vision Hospitality director of investments, said the hotel will have a rooftop space called Up, which will offer small plates of food and a bar.
“The views are incredible,” he said.
Vision Hospitality will pursue Leadership in Energy and Environmental Design certification for the eight-story hotel.
Nashville-based boutique developer Evergreen Real Estate is targeting an October opening for its two-story mixed-use building to accompany the Gale Park neighborhood in Melrose.
The building (seen below) is located on the northeast corner of the Gale Park site and fronts the surface parking lot that services a recently renovated Kroger, among other retailers. It will be home to both retail and office space (including the Evergreen office). For the past approximately three years, the boutique development company has operated from the leasing office in its Germantown Place building fronting Jefferson Street on the city’s north side.
For the project, Parkside Builders has served as the general contractor, with DA|AD as the architect.
“We wanted something cool and that would transition from the Kroger building to the Gale Park houses and pick up some design elements of both,” said Aaron White, Evergreen co-principal with Hunter Connelly. “There was a lot to pull off, and DA|AD nailed it.”
The structure, which remains unnamed, carries an approximately $1 million price tag. Evergreen will operate from about a third of the 3,000 square feet on the second floor, while the aforementioned Parkside Builders, which served as general contractor for the recently completed Gale Park, will occupy about half of the first floor.