Nashville-based Trust Development has enlisted the local office of Colliers International to market and lease the space of its commercial building planned for Germantown.
Jim Creason, Trust president, said Colliers broker Austin Benedict will oversee the effort. Creason hopes to have a tenant(s) and then break ground on the three-level building (one below-grade floor and the other two above) in 2015. (Read more here.)
Creason is calling the proposed building, which will designed by rootARCH, The Livery at 5th & Monroe. Creason is open to have between one to three businesses in the building, with the emphasis on restaurants and other service-oriented entities. The structure will be located on an empty lot at the southwest corner of the intersection of Fifth Avenue and Monroe Street (see here in an image courtesy of Google Maps).
Benedict, who is handling marketing and leasing for the retail space within downtown tower Encore in SoBro, said Germantown is primed for more commercial buildings.
“We envision the two floors above grade to be occupied by the same operator, who will also benefit from the rooftop terrace and extensive outdoor dining space on the first-level sidewalk,” Benedict said.
Relatedly, Trust is already selling units at its Luxus Germantown (see here in an image courtesy of Google Maps) development located on the southeast corner of the Fifth and Monroe intersection. Also, the company is targeting a groundbreaking by year’s end for its 10-unit Gramercy, to be located at the northeast corner of Seventh Avenue and Monroe Street.
The employees, inventory and equipment of longstanding Germantown-based produce business Angelo Formosa Foods Inc. have been relocated to Cockrill Bend, a move finalized last weekend in anticipation of a redevelopment of the site from which the company operated for many years.
A division of Choice Food Distributors LLC, Formosa Foods was founded in 1916 in North Nashville. Choice Food acquired the Formosa operations in 2013, with the Formosa family still owning the entity known as Angelo Formosa Foods Inc.
“With the development in Germantown [forthcoming], we relocated Formosa produce operations to our Cockrill Bend facility,” said Jerry Walker, Choice Food CEO.
Prior to the arrival of about 25 Formosa employees, Choice Food had about 60 employees working from the Cockrill Bend location.
Kansas City, Missouri-based Price Development is seeking to acquire the Formosa site and the adjacent property owned by Wang's Enterprises, Inc. It hopes to build a 256-unit apartment building on the combined sites (read more here).
The two parcels are located at 1309 Third Ave. N. and 1304 Fourth Ave. N. The 2.79-acre site partly addresses Monroe Street, catty-corner from 312 Pizza, and is located within the Germantown Historic Preservation Overlay District.
The Metro Planning Commission Thursday approved rezoning requests related to two high-profile planned projects. Both were approved 9-0 with conditions (read here).
The two are:
Kansas City-based Price Development Group had requested a rezoning of Germantown properties on which it hopes to construct a 256-unit apartment building. Read more here.
Atlanta-based Novare, via its West End Capital LLC, had requested a rezoning of Midtown properties on which it hopes to construct a 25-story mixed-use tower to be called SkyHouse Nashville. Similarly, WEC requested a cancellation of the Music Row Urban Design Overlay, the portion in which the tower would rise limits new buildings’ heights to 65 feet. Read more here.
After 32 years of operating in Germantown, John O. Hill Co., Inc., has moved its operations to 2615 Hart St. off Dickerson Pike northeast of downtown.
The company, which specializes in reinforcing steel fabrication, wire mesh and concrete accessories, recently moved after Fresh Capital Group paid $1.4 million for the former theater building that housed the industrial business (pictured below). Four eateries are slated to take the space, which is located at the southeast corner of the intersection of Madison Street and Fourth Avenue North.
“We’ve still got things to do but we are slowly but surely making progress,” Connie Hill, company owner, said of the move.
John O. Hill Co. is among various long-standing Germantown businesses that have moved or are expected to move as the fast-changing urban node continues to see dramatic changes with infill construction of residential and restaurant spaces.
The Metro Planning Commission meeting this Thursday should prove interesting, with votes on two proposed high-profile projects on the docket.
Kansas City-based Price Development Group is requesting a rezoning of Germantown properties on which it hopes to construct a 256-unit apartment building. Read more here.
In addition, Atlanta-based Novare, via its West End Capital LLC, is requesting a rezoning of Midtown properties on which it hopes to construct a 25-story mixed-use tower to be called SkyHouse Nashville (pictured below). Similarly, WEC is requesting a cancellation of the Music Row Urban Design Overlay, the portion in which the tower would rise limits new buildings’ heights to 65 feet. Read more here.
Bearded Iris Brewing Co., which will be the first craft beer company in the ready-for-such-a-business Germantown, is looking to land warehouse space located at 101 Van Buren St., the Nashville Business Journal reports. Co-founders Kavon Togrye and Paul Vaughn are in lease negotiations but hope to soon open with a taproom, according to NBJ's E.J. Boyer. The parnters will focus on brewing Belgian and French farmhouse-style beers. Read more here.
Germantown's historic former Peafowl Theater building has landed its fourth and final food-and-beverage tenant, as Juice Bar will join previously announced restaurants Cochon Butcher, Octane Coffee and Little Donkey, according to eater.com. The building will be called Germantown Market, with local restaurant group Fresh Hospitality owning Juice Bar. The eatery openings are targeted for spring 2015. Read more here.
POSTDATA: WARRANTY DEEDS