Gary Everton and his team at EOA Architects are looking into redevelopment options for the historic former Tennessee State Prison building. Among the alternatives on the table are relocating some of the Department of Corrections' offices and creating a museum chronicling the state's prison history.

The other issue is funding. The earlier office renovation proposal was $27 million — about $11 million more than the state paid to renovate the State Capitol building in 2012.

If a museum option is on the table, the state could look to outside nonprofit groups or a public-private financing partnership.

Nashville-based EOA Architects is working with state officials to develop various plans to repurpose the former Tennessee State Prison site, which could include a museum within the 1898-built main building, built in 1898.

The state building commission approved an $800,000 expenditure last fall to study the property's redevelopment and retrofitting options.

Located off Centennial Boulevard in West Nashville, the main building is considered by many an architectural treasure. Several movies, including The Green Mile and The Last Castle, have filmed at the site since its closing in 1992.

Pierce Greenberg and nashvillecitypaper.com have the story here.

Research firm CoreLogic says the Nashville-area housing market continues to heal if you're looking at it through the lens of seriously delinquent mortgages. In March, 4.2 percent of area home loans were delinquent, which is down 13 basis points from February and about 90 basis points less than a year earlier. All appears to be good there.

But the other metric CoreLogic tracks closely, the foreclosure rate, has stubbornly stayed around 1.15 percent since last fall. So, mortgage market watchers out there: Is that foreclosure rate our new "natural" number?

Franklin Mayor Ken Moore on Wednesday delivered his State of the City address, highlighting among other things his administration's efforts to keep the city's infrastructure ahead of growth wherever possible. But he also touched on one item where the infrastructure has lagged: In the near future, Moore said he plans to be "addressing the when and how" of building a new City Hall to replace the current facility on the Public Square.

Ever-acquisitive ADS Security is growing its footprint in Chattanooga, where it has done business for 16 years. The company led by John Cerasulo has bought Crime Watch Security, which was founded in 1990.

A tower crane now looms large at the construction site for 1505 Demonbreun. Charlotte, N.C.-based Faison & Associates is developing a seven-story apartment building on the site, which sits a half block from the Music Row Roundabout. Read more here.

The developer of various local multi-unit residential buildings has closed on the purchase of a Hillsboro Village property on which it wants to develop a 36-unit structure.

FH Hillsboro Village LLC has bought 1710 19th Ave. S. The address, according to Metro records, is the same as that of the Nashville office of Stonehenge, which has developed 11North (in the North Gulch) and Note 16 (in Music Row) and is currently developing 23Hundred Berry Hill. Company officials could not be reached for comment, but a source close to the project said Stonehenge will need to buy 1708 19th Ave. S. as part of the effort.

Relatedly, the Metro Board of Zoning Appeals has deferred until Thursday, June 20, a variance request vote related to the proposed development.

Read more about the planned project here.

With Monday’s announcement that Burger Republic plans to open this fall in Pine Street Flats in The Gulch, a milestone has been reached.

The craft burger eatery (read more here) marks the 30th tenant already established or set to open in various buildings controlled by Gulch master developer MarketStreet Enterprises.

Notwithstanding past tenants that have since left MarketStreet commercial space, the 30-tenant mark is likely the single-greatest number the boutique development company has had at any one time operating. The mixed-use district, located on downtown’s southwestern fringe, has become, arguably, Nashville's second most signfiicant retail hotspot, trailing only Green Hills.

The other 29 MarketStreet tenants — with most operating and a handful planned — are as follows (listed in no particular order):

Accessoreyes
Apricot Lane
Bullets & Mullets
e.Allen
Kocktails & Kourture
Lucchese
Two Old Hippies
Urban Outfitters
Barry’s Bootcamp
Cashmere Salonspa
ET Burk
Juice.Nashville
Kenny & Co.
Sips n Strokes
Bar Louie
Bond Coffee Company
Cantina Laredo
Hops & Crafts
Music City Flats
Rumours Wine Bar
Sambuca
Subway
The Pub
The Turnip Truck
Watermark
Adagio Massage Co & Spa
Colts Chocolate
Ru San’s

In Monday's State of Metro Address, Mayor Karl Dean announced the launch of the Barnes Fund for Affordable Housing to help alleviate one of the negative side effects of Nashville's growth and urban regeneration. Existing grants worth $3 million will seed the fund, which is named after Rev. Bill Barnes, a longtime local advocate for social equity. The $3 million and other future investments are projected to create 100 affordable housing units per year and help improve the affordability of another 200.

SEE ALSO: The full text of Dean's address