Nashville-based boutique development company Trust Development has paid $275,000 for a piece of Germantown property on which it plans a mixed-use infill project.
The seller was John Horton.
Jim Creason, Trust president, said he envisions a restaurant to operate from the building. The property, on which a garden currently sits, is located at the southwest corner of the Fifth Avenue North and Monroe Street intersection. (Read more about Creason's plans here.)
“I’m so excited about what we’re working on to bring to the neighborhood,” Creason (pictured) said. “It’s going to be a fun project. The building will have some interesting components to it.”
Root Architecture (stylized as rootARCH) is handling design. Bronson Lankford of Lankford Construction will serve as general contractor. Both companies are based in Nashville. The team is looking at an office-retail option.
Trust will not need a rezoning for the site.
In a move that will please advocates of pedestrian-oriented placemaking — and that could place additional positive focus on the city north side — the Metro Development and Housing Agency this summer plans an $800,000 effort to install or replace approximately 14,000 linear feet of sidewalks in North Nashville.
The project is part of MDHA’s place-based strategy for community development, in which community development block grant (CDBG) funds are concentrated for investment activities, the agency said in release. North Nashville was designated as the first priority neighborhood under this strategy, and approximately $800,000 of CDBG funds are allocated for infrastructure improvements.
It is no secret that Nashville’s historic near north side (with its various neighborhoods sometimes collectively referred to as North Capitol) is attracting major developer interest. Germantown, Hope Gardens, Salemtown and Sulphur Dell are getting major infill projects, with Buena Vista also attracting attention. (Read more here.) Though the sidewalk work will not be done in these districts, one could contend any streetscape work within the old school north side (the areas located west of the inner-interstate loop for which is not known for its post-1950 construction projects — Meharry Medical College and Tennessee State University notwithstanding) sends a positive message.
Developers are more likely to do work in pockets of general areas with functional and attractive streetscape infrastructure (including streets, curbs, pedestrian crosswalks, utility poles, street signage and stormwater management systems). With the north side seeing that infrastructure continue to improve, look for more development activity on the near north side — and perhaps beyond.
From the MDHA release:
The Project includes the installation of new and replacement of deteriorating sidewalks in both residential and commercial areas. Sidewalk improvements in residential areas will be primarily in the vicinity of Albion and Alameda Streets between 25th and 32nd Avenues North, as well as the south side of Seifried Street (between 24th and 25th Avenues) and the east side of 24th Avenue from Lacy Street to Clarksville Pike.
“Neighbors have long awaited sidewalks on Seifried and Lacy Streets for over 41 years. I know they will be very pleased to hear this good news,” said District 21 Councilmember Edith Taylor Langster.A new sidewalk is planned for the north side of Rosa L. Parks Boulevard between Great Circle Road and Mainstream Road, a busy commercial corridor. Sidewalks will be constructed according to Metro Government specifications and on existing right-of-way. The Project is nearing the end of the design phase, and MDHA staff will contact adjacent property owners prior to beginning construction.
“Sidewalks are a critical component of a healthy community,” stated Angie Hubbard, MDHA’s Director of Community Development. “They improve the walkability of the neighborhood, increase accessibility to services, promote pedestrian safety, and can serve as a tangible sign of redevelopment efforts.”CDBG funds are provided by the U.S. Department of Housing and Urban Development and are administered by MDHA on behalf of the City. This year marks the 40th Anniversary of the enactment of the CDBG program.
For Germantown, the projects keep coming. And then some.
The Tennessean reported Wednesday that Phoenix-based Alliance Residential Co. plans to buy 2.6 acres in the fast-changing district and develop a five-story, 275-unit apartment building with a restaurant space at street level.
Alliance hopes to break ground this fall on what will be called Broadstone Germantown, which will be bordered by Madison Street on the north, Second Avenue on the east, Jefferson Street on the south and Third Avenue on the west. A construction completion is eyed for 2016, the morning daily reports.
With Broadstone Germantown, the fire-hot north side district now has nine multi-residential-unit buildings (most large-scale and some with retail to be included) proposed and three under construction. In addition, three adaptive reuse projects are planned. And another major project that has yet to be reported (details forthcoming) almost certainly will materialize.
Given the Germantown confines span a mere approximately 30 square blocks, the 16-project number is unmatched by any other mixed-use district not located within downtown Nashville’s borders. In fact, the city’s three other most prominent non-downtown mixed-used districts — 12South, Five Points and Hillsboro Village — might not boast (depending upon how you define their geographic borders) as impressive a collective combination of projects as does Germantown.
More noteworthy, and notwithstanding comparing the size and scope of projects, Germantown is giving bustling downtown nodes SoBro and the Gulch some stiff competition.
Lastly, if you include (and we will do so with this blog post) the adjacent Sulphur Dell — with First Tennessee Park underway and the start of no fewer than four major buildings looming — the single-family home construction in nearby Salemtown and Lincoln Property Co.’s 909 Flats now underway on Rosa Parks Boulevard in Hope Gardens, the general Germantown area assumes an even more impressive buzz.
Nashville is hot in general. And Germantown might be redefining that heat.
The below image (found on the Metro Planning Department website) provides a nice idea for how Proffitt Dixon Partners hopes to position its two-building apartment project planned for Germantown. The Charlotte-based company will go before the Metro Planning Commission on Thursday, April 10, to request a specific plan mixed-use zoning for the 2.4-acre site on which the building would rise. The working name, which will be changed, of the development is Fountains Germantown.
The site, which mainly fronts Third Avenue North between Taylor and Van Buren streets, currently is home to roofing and sheet metal company RD Herbert & Sons Co., which plans to sell to PDP and then move. Of note, the site is adjacent to the parcel on which Butchertown Hall restaurant and beer garden (seen in the upper left corner of the block) will be developed.
Read the details about the project here.
Germantown Market LLC has bought the Germantown building from which John O. Hill Co. operates for $1.4 million, according to The Tennessean.
The new owner wants to reinvent the historic building — which spans 10,820 feet and once housed The Peafowl theatre — with multiple restaurants, the morning daily reports.
The 0.58-acre property had been listed for sale for $1.5 million via loopnet.com.
Brian Taylor, a broker with Karr Commercial in Nashville, represented Germantown Market, while Cassidy Turley Senior Managing Director and Principal Ronnie Wenzler represented seller the Hill family.
Read more about the building here.
Atlanta-based SWH Residential Partners has selected an art piece for its The Flats at Taylor Place apartment development under construction in Germantown.
John Tirrill, SWH managing partner, said the company tapped metalsmith John Medwedeff to create the contemporary steel piece, which will rise about 30 feet. Medwedeff is a Murphysboro, Ill.-based artist who was born and raised in Nashville.
“We hope to have the piece installed in September,” Tirrill said.
Medwedeff’s creation will be placed in front of the building’s façade, which spans Fifth Avenue North between Van Buren Street on the south and Hume Street on the north. The Flats at Taylor Place is slated for completion in December. (Read more here.)
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