The local office of CBRE has begun leasing efforts related to the 10,150 square feet of street-level retail space to be included in the 25-story SkyHouse Nashville, now under construction in Midtown.
Austin Benedict will handle the marketing and leasing for the retail space, according to a release.
The largest space, to span 3,000 square feet, will be located at the southeast corner of Broadway and 17th and includes 28-foot ceilings and a patio, intended for a restaurant user. The other spaces range from 1,000 to 2,800 square feet, with CBRE to target fast-casual restaurants, boutique shops or amenities stores for the residents of the building's 325 apartment units.
Of note, all retailers and retail patrons will have access to the building's 497-space parking deck.
Atlanta-based Novare Group and Simpson Housing are co-developing SkyHouse, which will have an address of 1701 17th Ave. S. This is Novare's third building in Nashville (joining Viridian and Encore) and its 15th SkyHouse.
“Novare Group and Simpson Housing have a long track record of delivering fabulous developments, and I look forward to seeing the success of other SkyHouse projects brought to Midtown Nashville," Benedict said in the release. "The project’s retail and abundant parking will fill a serious void in Midtown.”
Read more here.
Tracy Guarino is CEO and President of ForceX Inc., a defense contractor that recently relocated in headquarters from Clarksville to The Sheds on Charlotte in Midtown.
ForceX specializes in intelligence, surveillance and reconnaissance software development and geospatial application technology programs, ranking it one of Nashville’s more distinctive technology-oriented companies.
Post Managing Editor William Williams recently caught up with Guarino to gauge her take on the move (read more about that move here) and the company’s future.
Your senior executive team did a national search for the headquarters relocation, with the information yielding four cities: Huntsville, Nashville, Tampa and Washington, D.C. Why Nashville?
Most of these cities are already large aerospace and defense hubs. We wanted to help Middle Tennessee broaden its portfolio to include this industry as well. I believe that with the growing tech talent in our city, the governor’s desire to bring in more aerospace and defense businesses, and our commitment at ForceX to grow our business that we can help make this happen in Nashville.
We wanted to be in a city that was centrally located, had a thriving tech culture and growing economy. Nashville has the right balance to meet our economic development, job growth, tech development, and quality-of-life needs. Our primary goal is to attract and retain top tech and leadership talent. Nashville gives us the ability to do that.
What incentives has the state offered for the company to stay in Tennessee?
The state was proactive in recruiting us to keep our growing company here. The Department of Economic and Community Development awarded ForceX a $700,000 grant under the Fast Track Job Training Assistance program to support our commitment to maintain and increase jobs in Middle Tennessee. This is an investment that should pay off for this region many times over, and we are happy to do our part.
We are thrilled to make Nashville our new home. We are proud to be part of the commitment that our state leaders, local officials and business leaders — including Gov. Haslam, Tennessee Department of Economic and Community Development Commissioner Randy Boyd, and Ralph Schulz of the Nashville Chamber — have made to make our city one of the top technology centers in the country. ForceX wants to build on that momentum to put Nashville on the map as an attractive destination for defense contractors.
Because of security reasons, I understand you cannot get into specifics of the technology ForceX has developed or your work for the federal government and the military, but what can you say about ForceX involvement, in general, regarding this?
Our technology fuses together intelligence, surveillance and reconnaissance data from a variety of sources to give a clear picture of rapidly evolving and dangerous situations. Our job is to provide dynamic information that improves command decisions and saves lives. Our mission and motto is “to protect life and liberty” and we take pride in supporting this mission.
ForceX provides visibility and communication between warfighters on the ground and in the air, and the decision makers on foreign soil and back at home. We are able to provide real-time video and intelligence data to create an instant common operating picture. So, when you see stories in the news about a special operations team going in on a sensitive mission to capture a terrorist, we are often the eyes and ears on that mission.
In addition to war fighting, is your technology also available for use the general marketplace?
We see this as the next frontier for our technology. ForceX creates highly customized mapping and video solutions, and performance technologies that can be used in a variety of commercial industries including fire departments, law enforcement, disaster relief and security organizations. There are many areas where ForceX can help make our nation a safer place, such as saving lives during earthquakes, forest fires and floods, and assisting with border patrol, bombings and security threats.
ForceX currently has about 120 employees. I understand you are planning to create another 175 jobs. What can you tell us about that and your new headquarters at The Sheds on Charlotte?
We have had rapid growth since our founding in 2004 in Clarksville. ForceX has grown from three to nearly 120 employees today, half of whom have come from the military. I am truly excited about our expansion plans, and there will be numerous new jobs created by our move.
The vast majority of our growing workforce will call Nashville their home. Our current facility at The Sheds on Charlotte is built to accommodate up to 350 employees. We also have some amazing ex-military pilots who train the end users on our software directly from training camps across the country. We are able to provide another way for these dedicated individuals to participate in protecting our great nation in addition to wearing a uniform.
ForceX originally considered maintaining its Clarksville office. However, you have since decided to consolidate that office and your Brentwood office into this more centralized Midtown location. What was your strategy regarding the consolidation?
We opened a satellite office in Brentwood in 2012 to test the market and work out any scalability challenges we might encounter, while our headquarters and management team were still close by, in Clarksville. To our delight, we were able to recruit top engineering and leadership talent very rapidly in Middle Tennessee, so Nashville emerged as a viable location for expansion. Once we decided on Nashville, we focused on finding an amazing space that our team would be proud of.
We needed a place to house a growing workforce that would accommodate our top-secret security needs and allow for ease of access for our customers and our team. While we had hoped initially to maintain a small location in Clarksville for ease of commute for our Clarksville folks, we decided that having one home that encouraged a cohesive team and supported our culture was important. The location at The Sheds on Charlotte gave us that.
On a personal note, you have always been committed to health and fitness. How have you taken the lessons learned from that effort and applied them to being the leader of a highly specialized company?
Leading any growing business requires dedication, commitment and focus. This is true whether you are trying to achieve success in health or fitness, or protecting life and liberty. As we all know, goals aren’t achieved overnight. In fitness or business, you must remain committed and focused to be successful. It’s exciting and exhausting. I love coming into work every day and working with a team of people who are as dedicated — and fit — as I am.
Two Atlanta-based developers are targeting a first quarter 2016 groundbreaking for their twin tower development planned for Midtown.
Regent Partners and Saint Clair Holdings are teaming on the project, with the buildings to sit near the northeast corner of the intersection of Broadway and 19th Avenue.
Previously, the pair had eyed a late-2015 start.
David P. Lang, SCH managing principal, said the effort is progressing but added that work remains before a groundbreaking can take place.
“We are still in design and construction pricing at this point,” Lang told the Post in an email message.
To date, the development plan involves a 300,000-square-foot 25-story residential tower (likely apartments) with 270 units and a 16-story 220-room hotel. The two towers would sit atop a parking garage.
Atlanta-based Cooper Carry created a conceptual perspective rendering seen here. See a more detailed image here.
One of Midtown’s more distinctive buildings is now for sale, thus continuing the hot real estate activity in the bustling district located west of downtown.
The property, listed for $2.5 million, is located at 1418 Church St. and recognized for its building’s unusual shape and color scheme. Spanning 9,729 square feet, the structure underwent an adaptive reuse update in the mid-2000s during the time when Nashville’s urban infill focus was developing some traction.
The building’s first floor serves as an events space; its second floor is home to three apartments. Kellie and Jerry Bryson own the property, having acquired it in June 2005 for $255,000.
Todd McGlamery of National Restaurant Properties has the listing.
The property is the most recent Midtown site to be listed for sale. Last week, the owners of the site home to Corner Pub Midtown listed their property (read more here).
A small building home to a Walgreens pharmacy and sitting in the shadows of Saint Thomas Midtown Hospital has landed two tenants.
Stan Snipes, senior advisor with Sperry Van Ness | Investec Realty Services, brokered the two leases for the owner, bringing the building to full occupancy.
According to Snipes (pictured), Dr. Casey Noble, a dentist, has leased 3,200 square feet on the first floor of the building, located at 218 20th Ave. N., after previously having done business at 1633 Church St.. In addition, Cartridge World is relocating from 210 19th Ave. N. to take 1,500 square feet on floor 2.
(See the building here courtesy of Google Maps.)
Stan said that both tenants have started interior construction on their respective spaces and anticipate taking occupancy within the next few months.
“Due to strong demand in Midtown for office and retail space, we were able to get the owner two 10-year leases with quality tenants,” said Snipes (pictured).
Lennar Multifamily Communities officials continue to target a mid- to late September demolition and groundbreaking for their M Residences in Midtown.
Christopher Cassidy, LMC Southeast division president, said the Florida-based company has named Hoar Construction to serve as the general contractor. Nashville-based Kimley-Horn and Associates is the civil engineer, with The Preston Partnership of Atlanta handling architecture duties.
Cassidy told the Post in January a September start was eyed and affirmed Monday that schedule remains in the offing.
The 19-story M Residences will offer a retail and a restaurant space, each of about 4,000 square feet. The retail space will face 19th, with the restaurant space to address both 19th and Chet Atkins. M Residences will include 300 apartment units.
On a related note, the company’s Berry Hill project site should see a parking structure erected within 30 days. A mid-2016 completion is being targeted, Cassidy said. (Read more here.)
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