In a change that caught my attention, Giarratana Nashville and LaSalle Investment Management announced earlier this week they have modified their now-called Edge Midtown project to include far fewer micro-units than originally planned.
The 138-residences structure (read more here) will now feature only a handful of units of about 500 square feet. The previous iteration of the building, to have been called 22state, was to have offered 146 units, with upwards of a third as micro-sized, many as small as 400 square feet.
That plan has been scrapped due to practical considerations, Tony Giarratana told the Post. The always-positive Giarratana is hopeful a micro-unit-heavy building looms at some point.
"We wanted 50, or more, of the apartments in Edge Midtown to be micro-units but could not secure debt and equity financing for them,” Giarratana said. “We anticipate that the performance of the micro-units in Edge Midtown will permit us to include more of them in future developments."
Nashville-based 19th Avenue Land Partners LLC has landed a permit to demolish a Midtown building it purchased earlier this month.
Tony Giarratana (pictured) and Ryan Chapman, co-owners of Premier Parking of Tennessee, created the LLC for the $900,000 acquisition of the property (read more here). They have yet to announce their plans for the site.
Nashville-based Chris Rogers Construction will handle the demo work, with the permit valued at $19,000.
See the property here courtesy of Google Maps.
An updated image of downtown tower SoBro, currently rising from the ground within the district from which the building takes its name, can be found on the website of the architect.
Chicago-based Loewenberg Architects is designing the 32-story tower, on which Nashville-based SoBro Development Co. (an affiliate formed in 2008 when local developer Tony Giarratana bought the land) Wanxiang America Real Estate Group and Magellan Development are partnering. The trio comprises WMG Realty Holding Co. LLC.
(Image courtesy of WMG and Loewenberg)
Nashville-based 1818 LLC has landed a master permit to undertake its Church Street residential project with the same Midtown address, according to the Metro Codes Department.
Giarratana Nashville created 1818 LLC for the project, with Tony Giarratana having noted the development company is still targeting a groundbreaking by April.
Read more about the project here.
(Image courtesy of Giarratana Nashville)
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