Local real estate investor Frank C. May has paid $6 million for a two SoBro properties spanning a collective 0.65 acres and located adjacent to a site he already owned, according to local media reports.
May now controls 1.16 acres that various front Hermitage Avenue, Korean Veterans Boulevard and Second Avenue.
The site made headline earlier this year when Nashville Business Journal reported Nashville-based real estate broker Rob Lowe and hotel developer Bob Swerdling of Denver were eyeing it for a building to offer a full-service hotel and residential units. At the time, NBJ cited multiple real estate sources that said Hard Rock Hotel officials were evaluating downtown and were particularly interest in the site.
The property is zoned for a building of up to 30 stories.
CREA reps tenant in renewal of office lease
Brentwood-based Corporate Real Estate Advisors has announced it has represented environmental testing company Test America in its renewal of 46,000 square feet of space in the office building located at 2968 Foster Creighton Drive in South Nashville. Tim Stowell (pictured) owns CREA.
12South-area property sells for $1.8M
Neighborhood Health has sold for $1.8 million its recently closed Edgehill clinic property north of 12South to Nashville-based real estate investor Treg Warner.
The Tennessean reports the half-acre property, which has an address of 1501 12th Ave. S., is located next to the 4 M&M Discount Beer & Tobacco Center site. Warner bought that property, which sits on the northwest corner of the intersection of 12th and Wedgewood avenues, in April for $2.1 million.
Donatos Pizza is targeting a late January 2016 opening for its Midtown restaurant.
The suburban Columbus, Ohio-based parent company of the eatery is having DWC Construction of Nashville overhaul the Broadway structure that most recently served solely as the home to Salon FX. That entity will remain in the building but operate from a smaller space accessed via Division Street. Donatos, which ranks among the nation’s 25 largest pizza chains by sales, will front Broadway.
Tom Santor, Donatos Pizza spokesman, said the company has enlisted Music Row-based Smallwood Nickle Architects to handle the update of the building. He said the Midtown store will offer various pizzas (including one that features Nashville staple hot chicken) not found at other Donatos locations. Santor said the store is expected to employ 10 full-timers and 30 part-time workers.
Of note, the Midtown Donatos (to be the first for the company in Music City) will offer various local beers, including Hop Project IPA from Yazoo Brewing, Ruby American Red Ale from Fat Bottom Brewing, St. Charles Porter from Blackstone Brewing and Thunder Ann APA from Jackalope Brewing. In another local move, the restaurant will feature live music.
According to pizzatoday.com, Donatos ranked as the nation’s 22nd largest pizza chain in 2014, with the company recording $162 million in gross sales for that year. In 2011, Technomic.com ranked Donatos No. 1 for sales in the fast-casual pizza chain segment.
Read more here.
(Image courtesy of Donatos and Smallwood Nickle)
The new East Nashville Turnip Truck Natural Market grocery store is slated to open to customers at 11 a.m. on Saturday, Nov. 21, following a ribbon-cutting ceremony with Mayor Megan Barry.
Located at 701 Woodland St., the new store will replace the original Turnip Truck, which opened in early 2001 in a small building located at the southwest corner of the intersection of South 10th and Woodland streets. Owned by H.G. Hill Realty Co., that building will undergo a renovation and be joined by new construction (read more here).
To span 13,000 square feet, four times the size of the original location, the new Turnip Truck will feature hot and cold food bars, a juice bar, a bakery with gluten-free selections and a meat department.
The Turnip Truck bills itself as Nashville’s only “locally owned full-service natural foods grocer.”
The co-developer entity looking to undertake an apartment building on Fifth Avenue South in SoBro has landed two permits related to the project, no more than 10 days after having .
According to Metro documents, Atlanta-based Cocke Finkelstein Inc. and Charlotte-based Llewellyn Development have secured permits related to tree removal and building demolition at the site.
The partners are planning the 330-unit Olmsted SoBro and created Olmsted SoBro Venture Partners LLC for the undertaking, have recently completed the $6.6 million purchase of some remaining parcels within the overall footprint.
Nashville-base Demo Plus is handling the tree removal and razing, while Cambridge Swinerton Builders of Atlanta will handle the general contractor duties.
Read more here.
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