Florida company eyes $300M project for key SoBro site

Turnberry envisions development to include hotel, condo space
Apr 15, 2014 2:37 PM

MCC generates $47.8M in economic impact in March

The Convention Center Authority has announced the Music City Center in March hosted 20 events with 63,901 attendees, generating 39,353 in total room nights and about $47.8 million in economic impact.

The numbers make March the MCC’s strongest month for economic impact since it opened in May 2013, the authority said in a release.

Relatedly, the SoBro-based MCC has generated more than $125 million in economic impact to date in fiscal year 2014.

Since July 1, the convention facility has hosted 262 events with 302,803 attendees. The events generated 115,448 room nights for $125.3 million in economic impact.

Tax collections continue to outperform projections, with the MCC portion of tax collections was up 10.16 percent year over year for January, the authority said.

“March was a great month for us with the National Rural Electric Cooperative Association, American Trucking Association and a number of other large groups,” Charles Starks, MCC president and CEO said in release. “Our customers have been very happy with their attendance numbers and every group here during the third quarter of fiscal year 2014 has set record attendance.”
 

Apr 11, 2014 2:25 PM

SoBro property last home to Copper Kettle sells for $2.1M

The building that most recently accommodated the downtown Nashville Copper Kettle has sold for $2.1 million, according to Davidson County property records.

Peabody LLC bought the building, located at 94 Peabody St., from Robb Properties LLC.

Metro last appraised the property, which spans 0.3 acres, in January 2013 for $1.24 million.

Apr 11, 2014 12:30 PM

City Winery space to get $2.3M rehab

The interior of the SoBro building slated to be home to City Winery is undergoing major rehabbing, with the owner of the  live music and restaurant business having secured a permit valued at $2.3 million. Nashville-based MTLC Inc. will serve as the general contractor and will work with about 26,000 square fee of interior space. City Winery Nashville LLC last December paid $2.65 million for the warehouse structure, located at 600 Middleton Street. (Read more here.)

Apr 11, 2014 11:20 AM

Late August opening targeted for SoBro gourmet deli/market

Morales' The Southernaire to suggest a 'Creole-infused bodega'
Apr 10, 2014 7:00 AM

Hotel owner has Methodist site in SoBro under contract

Turnberry Associates, the Florida-based company that is the majority owner of Union Station Hotel and Hilton Nashville Downtown, has nearly four acres of United Methodist Publishing House property under contract, according to The Tennessean. The morning daily reports the company is planning a hotel for the SoBro site, which sits at the southwest corner of the Demonbreun Street and Eighth Avenue South intersection. A New York-based investor group plans a Westin hotel on an adjacent site south of the land Turnberry seeks to acquire.

Apr 3, 2014 11:38 AM

Little Mexico Bar and Grill to replace Fiesta Mexicana

Popular SoBro/Rutledge Hill eatery Fiesta Mexicana — closed for the past few weeks — will reopen as Little Mexico Bar and Grill, according to a sign placed in the 416 Fourth Ave. S. building.

Apr 3, 2014 6:59 AM

Site of planned Westin sells for $8.2M

New York-based Kevin Fee and his team looking to develop a Westin have purchased the SoBro site on which the hotel will rise for $8.2 million, according to The Tennessean. The approximately one-acre site includes the building last home to a Cokesbury bookstore and sits across Eighth Avenue South from the Music City Center.

Nashville Hospitality Capital LLC, for which Fee serves as managing member, purchased the property from the United Methodist Publishing House, the morning daily reports.

Read more here.

Apr 1, 2014 8:30 AM

Progress for Party Fowl concept

Austin Smith and Nick Jacobson are moving forward with their plans for Party Fowl, a fried chicken restaurant concept destined for the Eighth-and-Division intersection where The Gulch meets SoBro. Matt Rogers at Eater Nashville has some the details.

Mar 28, 2014 8:39 AM

Proposed SoBro hotel project misses hoped-for start date

The groundbreaking of a planned 14-story 200-room Residence Inn by Marriott in SoBro may have stalled.

Atlanta-based hotel developer North Point Hospitality Group had hoped to begin by the end of 2013 work on the hotel. If built, the Marriott would anchor the southeast corner of the Fifth Avenue South and Korean Veterans Boulevard intersection, primarily fronting KVB. 

Responding to a email the Post sent Tuesday morning, a North Point spokeswoman said the company, which first announced its timetable in January 2013, had no update. The email correspondence followed a similar exchange between North Point and the Post in late 2013.

Relatedly, North Point said in January 2013 that by early 2015, it expects to begin Phase II, which will include a 150-room SpringHill Suites by Marriott.

It is unclear if North Point has experienced a delay with one or both hotels or if the company simply has modified its original hoped-for start date. However, various local hotel projects now underway or finished within the past few years required at least a year to break ground after initial announcements.

Interestingly and coincidentally, one of those delayed projects — Concord Hospitality’s fully under-construction project in the 1800 block of West End Avenue — includes, like the proposed North Point development, both a SpringHill Suites and a Residence Inn.

On a similar theme, Chattanooga-based Vision Hospitality, which is finishing in The Gulch a Fairfield Inn & Suites by Marriott, bought its Division Street site in November 2011 but did not break ground until late 2012.

Read more about the proposed North Point projects here.

Mar 26, 2014 6:45 AM