Now that Metro Council members have voted not to exempt the Trail West site from Lower Broadway's historic overlay, the local developer who has an option to buy the site is shopping that option. Getahn Ward has the story here.
Karr blamed his Metro Council defeat on the Metro Historic Zoning Commission's unwillingness to compromise. Commission officials had raised concerns that changes Karr proposed would've essentially resulted in demolishing the building.
"For some reason, they think it has historical value, but if you look at that building, there's nothing significant about (it)," Karr said. "We were going to remodel that building, but certainly not going to tear it down. We were going to have more open-air windows."
A sidewalk easement has been issued related to the Metro retail and parking garage structure planned for a portion of the property located at the southwest corner of Church Street and Fifth Avenue South within downtown’s central business district.
According to Davidson County Register of Deeds documents, Metro and 505 LLC have agreed upon the easement, with the latter entity created by Giarratana Nashville to eventually develop a combination residential and retail tower (to be called 505 CST) on an adjacent portion of the overall site (read here).
The Metro Development and Housing Agency will develop the building with retail space and a 1,200-space parking garage (read here), with on-site work tentatively slated to start by year’s end.
The site, currently used as a service parking lot, can be seen here in an image courtesy of Google Maps.
The Berger Building — one of the few remaining pre-World War II-built structures located on the western fringe of Nashville’s central business district — is slated for interior and roof updates.
Wellspring Builders Inc. will handle the work, with the permit valued at $472,311.
The Berger Building, which sits in the block within which a federal courthouse has long been planned, is located at 164 Rosa L. Parks Blvd.
A Kentucky investment group has paid almost $6 million two properties near the corner of Broadway and Third Avenue, where it plans to open a boutique hotel and restaurant complex. The site is in the footprint of where developers had once planned to build a Westin hotel and wraps around the Trail West building. Getahn Ward has more here.
The hotel Barkley Lake Inn plans will occupy the upper floors of both buildings with an entrance on Third Avenue South. An upscale restaurant with indoor and outdoor space is planned for the rooftop of the building at 215 Broadway.
Florida real estate firm Rubicon Equities looks to be on the verge of hitting a big-money triple a year after its purchase of downtown UBS Tower. Adam Sichko at the Nashville Business Journal reported Monday afternoon that two state departments with about 430 employees are close to sealing a move to the Deaderick Street tower, with a move-in date slated for next spring. Separately, Getahn Ward at The Tennessean writes that executives at mattress giant Serta are negotiating a lease with Rubicon that would bring 100 workers to the 29-story building and that an Australian financial services company is looking at a big chunk of space there.
Giarratana Development is targeting a combination of apartments and condominiums for its planned 505 CST skyscraper slated to rise at the southwest corner of the central business district’s Fifth Avenue and Church Street intersection.
Company President Tony Giarratana Monday night told attendees of an Urban Residents Association meeting he envisions 300 to 400 apartment units and 150 condo dwellings for the skyscraper, which, if built, would rise about 750 feet and be Nashville’s tallest building.
Giarratana Development officials could not be reached for comment.
Read more here.
POSTDATA: WARRANTY DEEDS