A California human resources consulting firm has signed a lease for 30,000 square feet of Bank of America Plaza office space, writes Tennessean reporter Getahn Ward, and plans to hire 200 people between now and the end of the year. DayNine, which was launched in 2009, runs seven other U.S. offices — including one in Atlanta — as well as in London and Sydney.
DayNine is working with city and state officials on an incentive package tied to its expansion here, Ramos said. The company also looks to work with area colleges and universities and is already talking to other companies about attracting and recruiting more young professionals to Nashville.
Florida-based Historic Tours of America has paid $5.05 million — the equivalent of a Nashville record of $1,053 per square foot — for a parking lot fronting downtown Nashville’s Lower Broadway, according to a Davidson County Register of Deeds document.
Historic Tours, via Old Town Trolley Tours of Washington Inc., bought the 0.11-acre lot, located at the southeast corner of the intersection of Second Avenue South and Broadway, from Mayesco Partnership (which includes members of the May and Eskind families). Currently, the site accommodates food trucks.
The big 2015 growth spurt by law firm Burr & Forman has led its leaders to decide on an interim relocation to downtown's Nashville City Center tower from West End Avenue. Scott Harrison at the Business Journal writes that new Managing Partner Stephen Price expects to move his team in the next couple of weeks.
Looking longer-term, Price says he and his team are considering downtown office buildings that will be built in the "next year or two." Those projects would appear to include Eakin Partners' 1201 Demonbreun building adjacent to the inner interstate loop, the planned Hines/Ragland tower on First Avenue, MarketStreet's Gulch Crossing coming online this summer, and a 22-story building planned by Turnberry Associates two blocks east of MarketStreet's building.
The development team that plans to open a 21c boutique hotel downtown has detailed some of its plans in an application to the Metro Historic Zoning Commission. Louisville-based 21c plans to renovate the historic buildings between Second and Third avenues at Bankers Alley, just south of Union Street. Plans call for a rooftop addition to the building — set back at least 30 feet from both Second and Third — as well as renewing storefronts and adding an outdoor seating area and lighting elements to the alley side of the buidling.
Commission staffers are giving the project a tentative nod provided the development team meets certain conditions related to materials and does not build lights into its awnings. The commission will hear 21c's application later Wednesday.
Check out the MHZC staff report — which features more renderings and photos of the streets around the building — at this link. Here are some sketches and renderings, taken from the report, prepared by Perfido Weiskopf Wagstaff & Goettel.
Here's how the project will address its surrounding streets.
The main entrance to the planned 21c on Second Avenue North.
A sketch of the facades of the planned hotel.
Tony Giarratana has secured $35 million in mezzanine funding from LaSalle Investment Management for a 500-unit residential tower planned for the southwest corner of the intersection of Fifth Avenue North and Church Street downtown. Giarratana, who also is building an apartment tower in SoBro, has downsized his plans for the 505 tower to 45 stories from 60, saying doing so makes the numbers work. Adam Sichko at the Business Journal has the details and the context.
All told, that means Giarratana has 40 percent of the capital he needs to build the 505 tower. The balance will come from a $90 million construction loan.
This week, David Hendrickson, a managing director at Jones Lang LaSalle who works out of Chicago, began soliciting lenders for that loan. Hendrickson told me he expects to have a binding loan agreement in place within eight weeks.
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