A national construction-themed website is reporting a hotel could be planned for the Demonbreun Street site home to, among others, Dan McGuinness, Tamarind and Tin Roof.
Build Central, a component of online service Construction Wire, lists Elmington Capital as the developer and notes that apartments and/or a hotel could be part of a project mix on the site, which the Nashville Business Journal previously reported is under contract for $17.6 million and will soon be bought by Elmington Capital Group.
The buildcentral.com information reads as follows: “As of 6/11/13, this site has a new owner, Elmington Capital Group, which may sell part of the site to hotel and residential developers.”
Ben Brewer, Elmington Capital senior vice president of operations, declined to confirm if the strip center is the Demonbreun Street site the company plans to purchase. He confirmed Elmington has some Demonbreun property under contract but added a closing has not been finalized. Brewer also said no hotel is planned.
“We’re buying this as an investment,” he said. “We currently have no plans for redevelopment.”
Brewer declined to comment further.
NewsChannel5 is reporting that the landlord for downtown's L&C Tower has filed a claim against the State of Tennessee, asking for millions of dollars in damages stemming from the state's alleged failure to honor leases in the iconic high-rise. Veteran investigative reporter Phil Williams has the story here.
The Nashville Business Journal is reporting that the Midtown warehouse home to Chris-More Inc. on Church Street is under contract to real estate investor Ched Cooke. NBJ reports Cooke plans to redevelop the handsome vintage structure (seen below in an image courtesy of Google Streetview). Read more here.
Hubcap Heaven is expanding its Murfreesboro Road location with new construction and is considering building a warehouse on the site, according to Shelli Hoover, HH sales manager.
The updates follow Hubcap Heaven’s early May acquisition of the inventory of the now-closed Hubcap Annie for an undisclosed price. Relatedly, Hubcap Heaven hired two former Hubcap Annie employees, Hoover said.
Hubcap Annie operated at 811 Wedgewood Ave. in the Waverly Belmont district.
In business for almost 30 years, Hubcap Heaven sells wheels, wheel covers and center caps, while also offering refinishing and straightening.
Metro officials announced today the city will construct a $14 million ice rink in the parking lot of the former Hickory Hollow Mall. The announcement came during a groundbreaking ceremony for a library and community center set to be located at the northern corner of the Antioch retail space now known as The Global Mall at the Crossings.
The 86,000-square-foot, Metro-owned hockey center — on the left in the first rendering below — will be a two-story structure that holds two multi-purpose ice rinks, team rooms, meeting rooms and an observation mezzanine. The Nashville Predators will manage the facility, which will sit kitty-corner to the new library/community center space and adjacent to a park. Read more here.
In addition, the debt of the Metropolitan Sports Authority will be restructured with the realized savings from lower interest rates. The details of the financing plan will be released at the sports authority’s July 1 meeting.
Bottom image: Marcus Washington, NewsChannel 5