Although still a bit short on specifics, plans for a $160 million Tennessee State Museum are moving along, The Tennessean reports. Gov. Bill Haslam will appoint a steering committee and the cabinet will work with a fundraising firm to raise $40 million of the needed funds. Another $120 million will be provided by public funds. The museum will be move from its current location at 505 Deaderick St. to a future building to be located in the Bicentennial Mall near First Tennessee Park.
LIV Development LLC is targeting an August starts on its 291-unit apartment building slated for East Nashville, The Tennessean reports.
The Birmingham-based company last week acquired the 4.66-acre site — at 1034 W. Eastland Ave. and on which the building formerly home to Nashville Rehabilitation Hospital will be razed — for $5.9 million, according to the morning daily.
Nashville-based Smith Gee Studio is handling design chores, with LIV having released an image. Hoar Construction will serve as general contractor.
Sophia's Heart was the seller, with the nonprofit having most recently worked from the building on the site.
(Image courtesy of LIV and SGStudio)
CoreLogic reports Tennessee's mortgage delinquency rate dropped 0.6 percent between May 2014 and May 2015. Between those two months, 13,371 completed foreclosures were recorded. There were 18,093 completed in the 12 months prior. That's a 26 percent decrease. Read the analysis and full national report here.
The first of two tower cranes has been erected on the downtown construction site for the Bridgestone Americas skyscraper.
Workers were seen early Saturday morning installing the crane.
Brasfield & Gorrie is serving as general contractor.
Work on the 30-story, 514,000-square-foot high-rise is slated for a late 2017 finish, with the project to carry an approximately $230 million price tag. The tower — which would be Nashville's third-tallest building if standing today — will sit at the southeast corner of the intersection of Fourth Avenue South and Demonbreun Street in SoBro.
Read more here.
Downtown and Midtown Nashville will soon see no fewer than 20 tower cranes of 70 feet minimum, as the city's urban infill boom continues at a blistering pace.
Nowadays its seems our city — which, for years, seemingly shunned urban development — is welcoming large-scale and/or mixed-used projects with gusto. And though a handful of the recently completed buildings have been a bit bland, most are at least modestly attractive. Pictured below are five projects of note and currently under construction.
(Photos courtesy of Nicholas Sala)
(Unnamed Belmont University building with cafeteria, classrooms and offices)
(Element Music Row)
The central business-based handsome limestone building home to the Sunday School Publishing Board is getting some interior and exterior renovations.
The official overseeing the project could not be reached for a comment but a rank-and-file employee confirmed the updates, which include new windows, exterior power washing and interior upgrades.
See an image of the building, located at 330 Charlotte Ave., here courtesy of Google Maps.
According to its website, the Sunday School Publishing Board is the official publisher of the National Baptist Convention and serves more than 36,000 churches within its constituency.
Formed in 1915, the SSPB was one of the first African-American-owned publishers in Nashville.
Charlotte-based developer Crosland Southeast is targeting major changes to its plans, announced last November, to reinvent the site home to the long-dormant Bellevue Center mall, Nashville Business Journal reports. Crosland will now work with fellow Charlotte developer Crescent Communities, which will handle the apartments (and currently is undertaking Crescent Music Row near The Gulch) within the site, and Harmony Hospitality LLC, which is under contract for a Hilton brand or a Marriott brand hotel. The team envisions retail, office buildings, a 120-room hotel, 330 apartments, a Sprouts natural foods grocery store and a Carmike movie theater with up to 14 screens. Read more here at NBJ.
Terwilliger Pappas Multifamily Partners is targeting a February 2016 start for its Midtown project Solis 18th Avenue, Nashville Business Journal reports.
Relatedly, the Metro Board of Zoning Appeals recently voted to allow an additional 21 feet of height for the building, which the developer contended was needed if the structure is going to provide full street-level activation.
Solis 18th Avenue will rise 12 stores on sites with the addresses of 812, 816, 818 and 820 18th Ave. S. Charlotte-based Terwilliger Pappas has the four parcels under contract.
See a detailed image and read more here.
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