It's not necessarily a surprise, but it is encouraging. Real estate research firm CoreLogic's latest numbers show that more and more Middle Tennessee homeowners are becoming current on their payments. The 2.71 percent delinquency rate for February was 70 basis points better than that of a year earlier and just about a full point below the number from October of 2013. That trend has had a positive effect on local banks' earnings and is showing little sign of slowing down.
Nashville-based Split Rock Development had enlisted Brentview Realty Realtors Andy Beasley and Garrett Beasley to handle sales and marketing of its Hayes Executive Lofts units slated for an early June completion in Midtown.
Ryan Talbert, Split Rock owner, told the Post Wednesday that “several” of the six row homes in the 2100 block of Hayes Street were recently placed on the market.
“We’re pleased to be almost finished with the project and are optimistic sales will go well,” Talbert (pictured) said.
Talbert is teaming with Franklin-based real estate investor Joe Bauer on the approximately $4 million project. Designed by Tarl LaRocco Designs, the units will sport prices in the mid-$800,000s.
Read more here.
(Photo courtesy of Nicholas Sala)
On the heels of this past weekend’s erection of a roughly 200-foot-tall tower crane at the site of the Westin Nashville Hotel project, the timing of this quick photo overview of some residential projects on the city’s west side seems appropriate.
Post contributor Nicholas Sala took the photos, which show the skins of the four buildings being applied.
Photo No. 1 is of Acklen in Historic West End Park. (Read more here.)
Photo No. 2 is of Mezzo, also in Historic West End Park. (Read more here.)
Photo No. 3 is of Opus 29 in the Centennial Park area. (Read more here.)
Photo No. 4 is of the Hayes Executive Lofts project on Hayes Street. (Read more here.)
Relatedly, a D.F. Chase official (Chase is the general contractor for the Westin project) said the crane should eventually rise 360 feet (the building will be about 310 feet tall).
(Photos courtesy of Nicholas Sala)
Middle Tennessee's housing market improved ever so slightly in February, according to a Freddie Mac index that incorporates a number of factors. But slight improvements mean the year-over-year comparisons are beginning to look rather less impressive than the 8 percent gains we were seeing late last year.
Nationally, 60 of the country's 100 largest metro markets are on the upswing. Check the details here.
Metro officials have in recent days issued big and/or important building permits for projects in downtown, Germantown and near Music Row. Here's a quick rundown:
• D.F. Chase is taking the next step on the 27-story Westin Hotel that will rise next to the Korean Veterans Boulevard roundabout. The contractor has been issued a $3.5 million permit to handle foundation work for Westin at 807 Clark Place.
• Balfour Beatty Construction has been given the go-ahead to build the shell for the five-story Crescent Music Row apartment complex, which will have 275 units. The permit for the project at 1221 Division St. is worth $24.3 million.
• Price Development Group's plan to redevelop the Wang Formosa site in Germantown has received two demolition permits worth a combined $154,500. The demo and environmental abatement work will take place at 1305 Third Ave. N. and 1300 Fourth Ave. N.
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