The future of a prime SoBro site — one that has drawn minimal local media attention but upon which some public speculation is gradually gaining focus — seemingly remains in the planning stages.
K6 Ventures LLC owns the 0.62-acre site, which is located at the southeast corner of Sixth Avenue South and Korean Veterans Boulevard and sits across KVB from the Music City Center. The entity, which is affiliated with Nashville-based Platinum Companies, acquired the property (see here courtesy of Google Maps) in May 2012 for $3.075 million.
Platinum Companies officials declined to comment. However, sources with information about the site and who asked to go unnamed said the Platinum team is considering various options for the site, including a mixed-use building.
Previous plans have contemplated, with images, various projects for the site but are seemingly a few years old (one rendering of a building of about 30 stories circulated recently on a growth and development message board).
Still, visions that may not have materialized in the past could easily be realized in the near future as SoBro is fire hot. Specifically, the K6 Ventures property is located within 1.5 blocks of multiple sites braced for development.
To the east and south, no fewer than seven large sites and/or major projects are in play, including those by North Point (which is planning a building to accommodate three Marriott Brands), Pinnacle Hospitality Partners (a Holiday Inn), The Beach Co. (a mixed-use building), an investor group envisioning mixed-use LYDEN, Wilka Downtown LLC, Alpha Development and Cocke, Finkelstein Inc./Llewellyn Development (a residential building).
Like many other landholders in the immediate shadows of the convention center, Platinum Companies clearly is pondering its options. As focus on SoBro intensifies, those options could become many.
A Cambria Suites hotel building is planned for SoBro. That we know.
What is unclear, however, the hotel structure's design, a date for demolition of the former Goodyear building still standing on the site and a groundbreaking date for the Cambria. Multiple attempts by the Post to contact public relations officials representing San Francisco-based Fillmore Capital Partners (which will serve as the project’s developer) have failed.
Interestingly, the Fillmore website notes the hotel is anticipated to open in early 2018. This would suggest construction of what is expected to be an approximately 225-room hotel will start no later than mid-2016.
The hotel will be constructed at the southeast corner of the intersection of McGavock Street and Eighth Avenue. (See the site here in an image courtesy of Google Maps.)
Fillmore Capital Partners created FC Nashville LLC and purchased the 0.53-acre site last December for $4.5 million.
(With no official image yet released, here are two examples of Cambria Suites hotel buildings)
Premier Parking has acquired for $1.85 million a 0.41-acre site straddling the Music City Center roundabout and on which the Nashville-based company plans a surface parking lot, according to a Metro document.
Premier, which created Roundabout Parking Partners LLC for the acquisition, will operate a lot with 42 spaces.
Charles E. Cook was the seller.
Led by CEO Ryan Chapman, Premier also is partly owned by developer Tony Giarratana, thus spurring some to wonder if a development could be in the site’s future.
Read more here.
Amesbury, Mass.-based Lark Hotels is planning a boutique hotel for a building planned for SoBro and to be developed by Frank May, The Tennessean reports.
Lark will call the 40-room boutique hotel The Bridge, according to the morning daily. It will occupy four floors of the six-story, mixed-use building.
May is seeking restaurants as tenants for the first floor of the building, to have an address of 120 Second Ave. S. He hopes to open the building in spring 2017, The Tennessean reports.
Read more here.
The Metro Nashville Arts Commission has announced that installation of public art piece Stix will begin today in SoBro with an eight-week completion targeted.
Nashville-based Rains Electric Company has been enlisted to serve as contractor, according to a release.
Sitx will anchor the Korean Veterans Boulevard roundabout adjacent to the southwest corner of the Music City Center.
Metro Arts selected UCLA art professor and Silver Lake, California-based Christian Moeller to create the piece for a cost of $750,000.
Consisting of 27 70-foot-tall native hardwood poles, the Stix pieces will be painted red orange, light blue, dark blue, light green and egg white, paying homage to the Native Americans who originally populated Middle Tennessee.
The installation schedule, which is subject to change, begins with site drilling spanning the next 10 days, with installation expected to begin the week of Sept. 14 and run through the end of the month. Once the poles are installed, lighting installation will tentatively begin on Oct. 1. Landscaping should be completed by the end of October.
Each day, work will commence at approximately 9 a.m. and be completed by 3 p.m. to minimize vehicular rush-hour issues. No work is currently scheduled for Saturdays and Sundays through the installation period.
Read more here.
The team behind what had been called Project BEACON has renamed the project planned for SoBro “Lyden,” simultaneously releaseing a new promotional video and a rendering.
The Tennessean offers various details about the project, which would feature a mid-rise building offer a boutique hotel and retail, restaurant/lounge space. Lyden is being billed as a “gathering place for creative people.”
The Lyden team has yet to acquire a property for the project.
Check the video here.
Nashville-based restaurant company Fresh Hospitality has acquired a SoBro property for $2.2 million.
Nashville Business Journal reports the company bought the Fourth Avenue South site currently home to eatery Little Mexico. On an adjacent property, Fresh Hospitality is overhauling the building last home to The Rutledge live music venue so as to eventually accommodate a Martin’s Bar-B-Que Joint.
The sellers were Carlos Hernandez, Lourdes Barajas and Salvador Ramirez.
See the sites here courtesy of Google Maps.
And read more here at NBJ.
Nashville-based C.B. Ragland Co. and Houston-based Hines are seeking to consolidate various SoBro lots related to their mixed-use building planned for 222 Second Avenue.
The entities have enlisted Barge, Waggoner, Sumner & Cannon to handle the effort, with a Oct. 8 Metro Planning Commission meeting slated.
Relatedly, the co-developers tentatively will go before the Metro Development and Housing Agency Design Review Committee on Tuesday, Sept. 15, to seek approval for the function and exterior form of what could be a 25-story tower.
A detailed rendering has yet to be released.
Read more here.
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