Real estate notes: Hotel developer pays $2.75M for SoBro tract
A Nashville hotel developer has purchased the former SoBro home of Hearing Bridges for $2.75 million.
The two tracts at 415 Fourth Ave. S. and 422 Fifth Ave. S. total 0.81 acres and were purchased by Pinnacle 4th And Peabody LLC. The purchaser's office address is a Woodmont Boulevard apartment. The registered agent is Kamlesh Govindji, the director of operations of Pinnacle Hotel Partners.
Pinnacle has developed a handful of mid-range hotels in Virginia and in Nashville, including the Best Western and Ramada Limited properties in the downtown area.
The company's new property, directly across the street from the Music City Center, has been mentioned as a potential hotel site that would complement the larger Omni and Hyatt Place projects, both underway nearby. Any building there would rise, in part, in the center of the view in the image pictured here.
Hearing Bridges was formerly known as the Tennessee League for the Deaf and Hard of Hearing.
Canadian restoration firm sets up U.S. HQ in Hendersonville
Canadian disaster restoration company FirstOnSite Restoration is expanding to the United States and has set up its U.S. headquarters in Hendersonville.
FirstOnSite already works with U.S. clients who have property in Canada, and this new initiative brings the company’s proven experience to American soil to serve Canadian customers who have property in the U.S., as well as U.S. customers directly.
“The command-and-control model we have developed gives us the capacity to assess, organize, coordinate and mobilize efforts on a very large scope and scale to provide coverage for any part of the country quickly,” said Dave Demos, CEO for FirstOnSite Restoration. “By coupling our model with a vast and vetted network of emergency responders, and layering in our vendors and suppliers where needed, we will be able to provide the best service possible to insurers and clients throughout the U.S.”
FirstOnSite’s U.S. operation joins more than 1,100 employees at more than 40 branches in Canada. The company’s Nashville office is located at 185 Molly Walton Drive in Hendersonville — just down the street from U.S. restoration leader ServPro in Gallatin. Company officials did not immediately provide more information on their local staffing plans Thursday.




