An Atlanta-based company that co-developed two downtown Nashville mixed-use towers in the mid-2000s is eyeing a Midtown site for a 25-story luxury apartment building.
Novare Group has enlisted the Nashville office of Kimley-Horn and Associates to request from the Metro Planning Commission that 1.36 acres located at the southwest corner of the Broadway and 17th Avenue South intersection be rezoned from core frame to specific-plan mixed-use to accommodate the project. The site is located one block west of the Broadway and West End Avenue split, which many local real estate professionals contend is the most prime site in Midtown.
The commission meeting for the rezoning hearing is slated for Aug. 28.
The company, which is partnering with Atlanta-based Batson-Cook Development Co., envisions a building called SkyHouse Nashville.
Of note, Novare Group teamed with Giarratana Nashville to develop Encore in SoBro and Viridian in the central business district during the city’s mid-2000 construction boom.
West End Capital LLC, which is also Atlanta-based, owns the sites, which include the building home to Sub Stop and four other parcels. Eight buildings, many of them of vintage masonry stock and constructed prior to 1950, sit on the properties.
If rezoning is approved and acquisition finalized, SkyHouse Nashville would feature 352 studio, one-, two- and three-bedroom units with high-end finishes and floor-to-ceiling glass. The tower would sit at the 17th Avenue and Broadway intersection. A structured parking garage would be sited next to it at the northwest corner of the 17th and Division Street intersection. Combined, the two building would offer more than 10,600 square feet of ground-level retail.
The companies’ signature “SkyHouse” is planned for the 25th floor with a clubroom, fitness area and outdoor plazas that include a swimming pool, fireplaces, covered outdoor lounges and 360-degree views of the city. The building will also have a bike repair shop and area for bike storage, dog walking and dog washing. Previous SkyHouse projects have been, according to the release, environmentally sustainable and with Energy Star-certified features.
“SkyHouse Nashville is proposed for a highly attractive area for our target demographic: Gen Y professionals who are looking for live-work-play options in the city,” Jim Borders, Novare Group president, said in a release. “We are excited to be working again with Batson-Cook Development Company to bring SkyHouse to Nashville, one of the preeminent cities in our nation for young, single professionals.”
In the late 2000s, Atlanta-based Royal/Kennedy LLC, a previous ownership entity of the site, had proposed a mixed-use tower there. That project would stall as the Great Recession hit.
For SkyHouse Nashville, Batson-Cook Construction would serve as general contractor, with Atlanta-based Smallwood Reynolds Stewart Stewart handling architectural work. SRSS designed both Encore and Viridian. The tower would be the partnership’s 12th, following two completed SkyHouses in Atlanta, completed projects in Orlando, Austin, and Houston, and buildings under construction in Dallas, Houston, Raleigh, Atlanta, Tampa and Charlotte.
The multi-city SkyHouse program represents an investment of more than $750 million across four states.
Batson-Cook Development Co. has an area connection, having co-developed with Warren Commercial Real Estate the $23 million Parkway Commons retail building in Franklin. The facility includes, among other retailers, a Target and a Kroger.
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