MiKeN Development is targeting an early groundbreaking for its mixed-use project The Phoenix on 51st slated for The Nations.
Relatedly, the Nashville-based company has tapped The Carter Group, which is also based locally, to serve as general contractor.
To sit on the northeast corner of the intersection of 51st and Illinois avenues, The Phoenix on 51st will offer 17 apartments and 4,000 square feet of retail. Red Bicycle owner David Trett has signed a letter of intent to operate a café within the retail space, but MiKeN President Michael Kenner said Trett has not yet said if the café will be another Red Bicycle.
David Grisham with Aesh Design (which is co-based in St. Louis and Nashville) is handling the architectural work.
“We’re happy to have a project that will serve as a catalyst for 51st Avenue’s transformation,” Kenner said.
(Image courtesy of MiKeN and Aesh Design)
Here are a few interesting tidbits for all you fine folks who take a certain joy in pondering how the Nashville skyline might look in, say, three years.
Currently in Davidson County, and according to Nashville Post numbers, there are 15 buildings of at least 100 feet tall either under construction or undergoing preliminary site work, with 14 of those located within the city's urban core of downtown, Midtown and the West End Corridor. (Southern Land's mixed-use tower in Green Hills is the exception given it is in a nonurban setting.)
In addition, plans have been announced in some manner for another 40 or so buildings of at least 75 feet tall each.
The buildings variously will accommodate office, retail, restaurant, residential and hotel space, lending the sheer numbers even more significance.
About the only element missing from the equation is a building towering in the 600- to 750-foot-tall range.
These are, indeed, robust times to toil within the local (and, in some cases, out-of-town) planning, architecture, development and/or construction industries and to be undertaking work in Nashville.
Shares of Healthcare Realty Trust are down more than 2 percent Friday (Ticker: HR) following a move by analysts at Stifel Nicolaus to downgrade the company to 'hold' from 'buy.' The retreat has taken the stock back to where it was five weeks ago. Year to date, Healthcare Realty is off about 7 percent.
Exterior work continues at West End Avenue-based The Continental, the mixed-used modernist mid-rise that recently made headlines with Elmington Capital Group showing an acquisition interest.
According to a Metro document, K&J Associates is handling the upgrades, with a permit valued at $2.1 million.
The ECG effort did not materialize and exterior improvments to the building, which features condominiums and Indian vegetarian restaurant Woodlands in its ground-level space, continue as originally planned.
Work continues at the Acklen on 12th site, with a foundation and shell permit having now been issued.
Nashville-based Mainland Urban Development is eyeing an August 2016 completion date for the 79-unit apartment building, to front the east side of 12th Avenue South between West Grove and Acklen avenues a few blocks north of 12South.
Designed by Manuel Zeitlin Architects, the building will sit on 0.84 acres that last accommodated a building home to Special Olympics Tennessee.
Crain Construction is handling the job, with the permit valued at $478,245, according to a Metro document.
Read more here.
(Image courtesy of Mainland and MZA)
The Nashville-area August foreclosure rate on homeowners was 0.37 percent, a slight decrease compared with the August 2014 rate of 0.52 percent.
According to data from California-based CoreLogic, the August national homeowners foreclosure rate was 1.25 percent by comparison.
In addition, CoreLogic reports that Nashville-Davidson-Murfreesboro-Franklin enjoyed a mortgage delinquency rate decrease. For August, 2.27 percent of mortgage loans were 90 days or more delinquent compared with 3.04 percent for the same period last year.
POSTDATA: WARRANTY DEEDS