An unidentified local developer has a church property in East Nashville under contract and is planning a condominium project, The Tennessean reports.
The property, home to Iglesia de Dios Hispana de Nashville and is located near the northwest corner of the intersection of East Trinity Lane and Gallatin Pike (see the church here courtesy of Goolge Maps).
Iglesia de Dios Hispana de Nashville is one of the city’s largest predominantly Hispanic congregations. According to the morning daily, the church is having a 103,000-square-foot church building constructed about three miles east on Dickerson Pike.
A California human resources consulting firm has signed a lease for 30,000 square feet of Bank of America Plaza office space, writes Tennessean reporter Getahn Ward, and plans to hire 200 people between now and the end of the year. DayNine, which was launched in 2009, runs seven other U.S. offices — including one in Atlanta — as well as in London and Sydney.
DayNine is working with city and state officials on an incentive package tied to its expansion here, Ramos said. The company also looks to work with area colleges and universities and is already talking to other companies about attracting and recruiting more young professionals to Nashville.
The team behind SkyHouse Nashville has announced other contributors to the Midtown project, for which ground was broken today.
Co-developers Novare Group and Batson-Cook Development Co. will work with Simpson Housing, a Denver-based entity that, until today, had not been linked to the project.
Likewise, the team had identified US Bank and Union Bank as providing permanent financing.
Previously announced Batson-Cook Construction will serve as general contractor with Smallwood, Reynolds, Stewart, Stewart as the architect. Novare has partnered with those two companies on its SkyHouse projects in other cities.
To be located along 17th Avenue between Broadway on the north and Division Street on the south, SkyHouse Nashville will rise 25 stories with 352 apartments and more than 10,000 square feet of retail space. It will also boast one of the highest amenity decks in the city, with a clubhouse, fitness facilities, swimming pool and an outdoor kitchen. The deck will provide 360-degree views of the city.
The building will offer one-, two- and three-bedroom units, with rents to range from $1,350 to $3,500.
“We could not be more excited to be officially underway with our partners Simpson Housing and Batson-Cook Development Company on SkyHouse Nashville,” Jim Borders, Novare president, said in the release. “Not surprisingly, Nashville has become one of the preeminent cities in our nation for attracting young, single professionals, which is our target demographic.”
Nashville is the latest city for a SkyHouse and that the partnership (in some form) has undertaken. Other SkyHouse cities include Atlanta, Austin, Dallas, Houston, Charlotte, Tampa, Denver, Orlando and Raleigh. According to the release, the development program has started or delivered more than $1 billion in new mixed-use development.
Of note, Novare Group partnered with Nashville-based Tony Giarratana to develop Viridian on Church Street in 2006, Encore in SoBro in 2008 and (in an adaptive reuse to condos) the historic Bennie Dillon Lofts in 2005.
In 2004 Batson-Cook partnered with Warren Commercial Real Estate to develop Parkway Commons in Franklin. The Class A retail center features Target, Kroger and various restaurants.
Financial services firm Raymond James will next week relocate its West End Avenue office, which is home to about 50 people, to MarketStreet’s Gulch Crossing building on Demonbreun Street. The firm’s local leaders have big plans to capitalize on their new space by beefing up their personnel roster by at least seven financial advisors and their staffs.
“The opening of Raymond James’ office at Gulch Crossing has been long anticipated by our advisors and staff and provides us with much needed space to accommodate the expansion of our already strong presence here in Nashville,” Bill Lynch, manager of the retail office, said in a release.
The West End Raymond James branch has almost $2 billion of client assets under management and has grown from its four advisors in 2006 to the 18 who will make the Gulch move.
Panattoni Development has been issued a $2.52 million permit for interior finishes at its 95,000-square-foot office building being completed at 35 16th Ave. S. in Music Row, according to a Metro Codes Department document.
The building will house the headquarters for performing rights organization SESAC.
Alston Construction is serving as general contractor of the project, with the building standing five stories.
The health of Middle Tennessee's housing market continues to improve, according to research firm CoreLogic. At the end of May, just 0.38 percent of all homeowners were in foreclosure — compared to 0.56 percent statewide and 1.29 percent nationally — while the 90-day mortgage delinquency rate has dropped more than 40 basis points since the end of 2014.
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