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.
Gulch Crossing, Nashville's most expensive office space, announced three new tenants Tuesday, the day after Mayor Karl Dean helped officially cut the ribbon on the 205,000-square-foot project. Developer MarketStreet Enterprises has deals with: Nicol Investments, a privately owned firm specializing in real estate investments; Thompson Research Group, an equity research firm focused on the industrial and construction materials sectors; and Insight Global, a booming IT employment firm.
The new leasing activity, including the previously announced full-service breakfast, lunch and dinner concept, Milk & Honey, will occupy over 22,000 square feet in the building, approximately 10% of the total project area. Gulch Crossing’s premier office space is currently 70% leased and retail space is approximately 75% leased. With current negotiations, the building is projected to be 90% leased by fall.
According to The Tennessean, rents downtown are up 30 percent over the last three years. Prior, the average rate of year-to-year growth was 2 to 3 percent.
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