Google Fiber is leasing the office space above Kayne Prime on 11th Avenue in The Gulch, formerly home to Raven Tools, reports The Tennessean.
Currently, Google Fiber occupies temporary space at downtown's Fifth Third Center office building.
The move comes as the Metro Development and Housing Agency Design Review Committee earlier this week approved signage for Google showroom Fiber Space in a Division Street retail space at mixed-use tower Icon in The Gulch. (Read more here.)
Giarratana Nashville is on track to close on a $93.3 million senior construction loan, thus concluding the financing portion for the company’s 505 skyscraper now under construction in the Central Business District.
Little Rock, Ark.-based Bank of the Ozarks is the lender, according to a Metro Development and Housing Agency letter addressed to Tony Giarratana.
The Bank of the Ozarks loan will be supplemented by a $37.6 million mezzanine loan LaSalle Property Fund REIT Inc. is providing.
Giarratana Investors and Chicago-based general contractor The Walsh Group are providing a total of $25 million of equity.
To stand about 545 feet tall and include a mix of ground-level retail space and apartments, 505 will be located at the southeast corner of the intersection of Church Street and Fifth Avenue North. If standing today, it would be Nashville’s tallest building consisting primarily of residential space. Viridian, the current tallest, is also a Giarratana development.
The members of entertainment law firm Keller Turner Ruth Andrews & Ghanem plan upgrades for the Fender Building on Music Row after having acquire it for $1.84 million, according to a release.
The attorneys plan to begin renovation work soon and move their offices in 2016 from Terrazzo in The Gulch to the building, the address for which is 20 Music Square W. The two-story building spans 10,000 square feet and sits on a .34-acre lot.
Of note, Nashville-based Manuel Zeitlin Architects designed Terrazzo and is also designing the renovation of the Fender Building (pictured at left and below).
“We are excited about moving our entertainment and sports legal practice to the historic heart of Music City and to a building that has played such a central role in creating Nashville’s musical reputation,” firm partner Jennifer Ghanem said in the release. “We hope to capture the historical spirit of this structure, paying homage to the people and organizations it has housed over the years, and I believe we have the right architect for the job. We look forward to seeing Manuel’s vision take shape.”
KTRAG attorneys were represented on the sale by James Roscoe High and J.C. Darby of Southeast Venture. The seller, Brandon Liggett, of Titan Real Estate Group, represented himself in the transaction.
In addition to guitar maker Fender, the building (opened in 1967) housed ABC Records, and the record label operated a small recording studio there.
JLL to handle management of two Green Hills buildings
JLL announced today its Nashville office will handle leasing and property management for 20 Burton Hills and 40 Burton Hills. Archerd Bell Investments owns the property.
The two Class A office buildings span a collective 240,000 square feet, according to a release. With 49,000 square feet available, 20 Burton Hills has one of the largest blocks of vacant space in the Nashville market.
“We are excited about the opportunity to work with Archerd Bell Investments on the management and leasing of their office portfolio in Green Hills,” Bill Adair, JLL vice president, said in the release. “The vacancy at 20 Burton Hills is great space, which we feel will appeal to current tenant needs.”
The JLL team includes Bill Adair, vice president, and Jennifer Morris, general manager. The team will work closely with Chuck Archerd, managing partner and CFO of Archerd Bell Investments.
JLL leases and manages 33.1 million square feet of assets across the Tennessee market.
Hill Realty Five Points-area project lands permit
H.G. Hill Realty Co. has landed a permit for its Five Points-area project in East Nashville, according to a Metro document.
Dowdle Construction Group will handle the work, with the permit valued at about $1.24 million.
The building (read more here) will offer ground-level retail and offices on the second level. Its address will be 960 Woodland St.
Core drilling at Cambria site
Men were seen today on the SoBro site to accommodate a Cambria hotel.
Read more here.
Groundbreaking looms for 222
Jersey barriers have been installed at the SoBro site to accommodate mixed-use tower 222. Read more here.
MDHA OKs 505 amenities deck
The Metro Development and Housing Agency Design Review Committee Tuesday morning unanimously approved the amenities deck for the 505 mixed-use tower, construction for which is now underway at the southwest corner of the intersection of Fifth Avenue north and Church Street.
Read more here.
(Image courtesy KTRAG and MZA)
A developer based in both California and Nashville is eyeing a six-story condominium building on a downtown site that overlooks the Cumberland River and located a few blocks southeast of First Tennessee Park.
Dennis Devine has enlisted Nashville-based EOA Architects to design the 24-unit residential building, to be called Water Tower Condominiums. EOA will go before the Metro Development and Housing Agency Design Review Committee Tuesday morning to seek approval of the project's concept plan, with approval needed given the 0.5-acre parcel sits within MDHA's Phillips-Jackson Redevelopment District.
Devine could not be reached for comment.
With an address of 700 First Ave. N., the North Capitol property is as noteworthy for its owner as it is its distinctive location next to a historic CSX train bridge.
In the past, Devine undertook residential development in the Los Angeles area and has even done some work in conjunction with The Walt Disney Co. Of note, he is the son of the late, and legendary, Hollywood character actor Andy Devine — who appeared in more than 75 films and on various television series, including Batman, Bonanza and The Twilight Zone. He is also the father of Adam Patrick Devine, himself an actor and the creator of the Comedy Central series Workaholics.
Read more here.
The owners of the Fontanel entertainment complex in Whites Creek have unveiled plans to build a 136-room luxury resort-style hotel — along with a banquet facility, pool and retail spaces — to go with their Inn at Fontanel boutique property. Getahn Ward has the story here.
Fontanel Properties pitched those plans to Whites Creek residents Thursday in lieu of pursuing The Lodge at Fontanel, a Holiday Inn resort with 150 rooms and a conference facility/events center. In putting that resort concept on indefinite hold, they cited rising construction costs and challenges with the targeted site in the woods near Fontanel Mansion on the existing 186-acre campus.
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