UPDATED: Kroger says land will be used for fuel island
The Kroger at the intersection of Eastland and Gallatin Pike in East Nashville has added acreage.
In a single day, a tract to the north of the current location went through three owners — the trustee selling it to Rudd Seeley and Wallis LLC for $375,000, who then and flipped it to Kroger's property arm for $675,000.
The grocery chain says it will use the extra land to add a fuel island, with work tentatively scheduled to begin in September and completed by the end of the year.
MDHA creates Trolley Barns development entity
The Metropolitan Development and Housing Agency has filed the necessary paperwork to create the MDHA Trolley Barns Development Corp.
"The Trolley Barns are on the National Register of Historic Places, so we will be able to utilize historic preservation tax credits on this property by creating the MDHA Trolley Barns Development Corporation," MDHA spokesperson Julie Oaks said.
Late last year, MDHA announced a $1.3 million infrastructure improvement project for the historic structures on Rolling Mill Hill.
White Lodging plans Nashville move
Hotel management firm White Lodging is planning on increasing its owned/operated base, a move that includes a new hotel in the Music City.
"Beyond larger development, White Lodging will look at building premium-branded, select-service hotels in urban markets such as: Chicago; Austin, Texas; Salt Lake City; and Nashville, Tennessee," according to industry sheet HotelNewsNow. President and CEO Deno Yiankes told the publication that the company has a financing quote covering about 75 percent of the cost to develop.
“We haven’t seen those numbers in three-plus years, and that’s literally within the last two to three weeks here,” Yiankes told HotelNews. “We feel that is hopefully a watershed moment because the value of that is obviously not so much for the project itself, but for the other two or three lenders we were talking to, to be aware that now banks are starting to lend again. We view that as a very optimistic and positive indicator.”