After I wrote, earlier this week, a blog post regarding Texas-based Lincoln Property Company and its Hope Gardens project (read more here), local manmade environment hobbyist Ron Brewer alerted me to a tidbit. Brewer, who serves as moderator for the urbanplanet.org Nashville forum message board, had recalled seeing on the 12South Flats website that LPC will be involved in some manner with the mixed-use project.
So I called Jimmy Granbery, whose H.G. Hill Realty is teaming with Southeast Venture on the fast-materializing development (read more here). Granbery said Lincoln will manage the apartment component of the building, which will also feature retail space.
"Lincoln Properties is very experienced and respected in managing rental apartments," he said.
This is one more example of how out-of-town developers, architects, investors and property managers are increasingly doing real estate work in Nashville. And often, as will be the case with Lincoln, they are taking on various roles.
More than 60 area commercial real estate pros surveyed by Southeast Venture are optimistic about the sales and leasing prospects in Middle Tennessee in 2013, though not quite as giddy as in the past few years. The office market is expected to be strongest.
“With leasing — and with sales — seeing more construction and development in most if not all sectors would be a good thing,” said Wood Caldwell, principal for Southeast Venture. “As long as that development is well planned and executed, there’s certainly a growing demand to support it.”
Click here for the full report from Southeast.
On-site infrastructure work for the Mallory Park Phase II development — on land long called “Flagpole Property” because it once contained several flagpoles visable along the Interstate 65 corridor in Brentwood — is officially underway, officials for real estate services firm Southeast Venture announced today.
About 300 feet of road will be added as well as water and sewer systems, opening up about 35 additional acres for commercial development.
"The property is C3 zoned and allows for warehouse, showroom space and office spaces," Wood Caldwell, principal for Southeast Venture, said in a release. Southeast is representing the landowner, Dickson-based Tennsco. "We will develop only about 35 acres. The nearly 24 acres of remaining land will be used for two parks, one which is contiguous to Mallory Park."
Last month, Sonic Automotive Group broke ground on a new 9,178-square-foot Porsche dealership and 32,010-square-foot Audi dealership at 1576 and 1580 Mallory Lane, respectively. The new Porsche of Nashville and Audi Nashville are located where Phase I of Mallory Park connects to Phase II. Construction is slated to last about a year.
In the image below, the segment in red represents Phase II.
P&M Investment Company has broken ground on The Shoppes at Maple Corner, a 20,000-square-foot retail center to be located in the Indian Lake area of Hendersonville. Nashville-based commercial real estate company Southeast Venture LLC, which is representing P&M, recently secured the development's first tenant, Sola Salon Studios. Quirk Designs and Hardcastle Construction, both Nashville companies, are handling design and construction, respectively.