The Metro Development and Housing Agency Design Review Committee today voted to approve projects in SoBro and Germantown, among others.
The committee OK’d the conceptual plan for a Germantown residential project to be called Gramercy (pictured here). The approval is pending Metro Historical Commission OK-ing of various exterior elements.
Gramercy would be located at the northeast corner of the intersection of Monroe Street and Seventh Avenue North (see here courtesy of Google Maps).
The site is located within MDHA’s Phillips Jackson Redevelopment District and, as such, committee approval was needed for the concept plan. The Metro Planning Commission also will need to approve.
Nashville-based rootARCH is serving as architect for developer Hidden Valley Homes of Brentwood. (Read more here about the project.)
In addition, the MDHA committee approved the concept plan for a surface parking lot Nashville-based Premier Parking is targeting for the western portion of the Music City Center Roundabout.
With an address of 417 Eighth Ave S. in SoBro (see here courtesy of Google Maps), the parking lot would offer a distinctive shape and vehicular space configuration, robust landscaping and extensive metal fencing.
Premier, which is led by CEO Ryan Chapman is targeting a 42-space lot. A previous iteration, which the MDHA committee did not approve, offered 44.
Fulmer Engineering is involved in the project.
The site is located within MDHA’s Arts Center Redevelopment District and, as such, committee approval was needed for the concept plan. The Metro Planning Commission also will need to approve. Read more here.
In other action, the committee approved the plan related to a rooftop deck for a SoBro building located at 114 Second Ave. S. (see here courtesy of Google Maps).
(Image courtesy of Hidden Valley Homes and rootARCH.)
A few quick hits involving commercial real estate as we start the week:
* An out-of-state investor has paid $7.57 million for a Midtown office building home primarily to health care industry tenants.
According to a Davidson County Register of Deeds document, HEP Charlotte MOB LLC acquired the property, located at 1919 Charlotte Ave. (see here courtesy of Google Maps).
Nashville-based real estate investor Michael Shmerling was the seller via his 1919 Investments LP.
Henry Menge, managing director and principal broker of Nashville-based XMi Commercial Real Estate represented 1919 Investments.
* On a related note, surveying has taken place on the Midtown site home to Outpatient Diagnostic Center of Nashville.
Owned by OIA Realty Holdings, the building (see here) is located at 337 Leslie Ave.
It is uncertain as to the reason for the surveying, as OIA officials could not be reached for comment. However, surveying work typically is a sign that some type change (a demo, new construction, addition, etc.) looms for a building.
* A long-time friend, place-making enthusiast and “behind the scenes” Post contributor (a private gentleman who will go unnamed) recently visited Austin and noted how East Nashville’s Main Street has the potential to be somewhat similar to the booming Texas capital’s South Congress Avenue.
Shortly thereafter, this writer made his first trip to what is the nation’s fastest-growing city of 1 million or more people (based on metropolitan statistical area numbers). I agree with my friend.
Both Main and South Congress are wide streets that likely will never have the type buildings (say, of eight stories or more) that will yield strong street definition. Both are located across bodies of water from their respective downtowns. Both offer eclectic and non-chain retail. Lastly, both are more prominent than the other two streets with some retail in their respective cities (Woodland Street and Shelby Avenue in Nashville, and South First Street and Lamar Boulevard in Austin).
At this point, South Congress is substantially ahead of Main in terms of vibrancy and number of commercial buildings/businesses. However, Main is transitioning rapidly and shows strong promise.
* And on that Lone Star State theme, Austin-based Endeavor Real Estate Group last closed on the $13.4 million purchase of the former Mazda site within the 1200 block of Broadway (read more here).
The company has yet to announce what type project it is pondering but has noted the future building will have a retail component. Most folks seem to think the building will also offer apartments.
Interestingly, Endeavor was formed in 1999, making it one of the “younger” out-of-state development companies to tempt the Nashville market since this current construction boom began in, roughly, 2011.
* Lastly, I failed to report that the Metro Development and Housing Agency recently approved the concept plan for Southeast Venture’s East Nashville mixed-use building (pictured, and read more here) and bonus height for Hines and C.B. Ragland mixed-use building slated for SoBro (read more here).
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