The team looking to develop a Virgin Hotel in Midtown is planning to begin on-site grading by the end of October.
Dean Chase, chairman and CEO of D.F. Chase (which will serve as the general contractor for the development), said the plan is to begin the work within 60 to 120 days.
Read more here about the project, which is expected to feature 240 rooms and suites along with 15 penthouse residential units. The hotel's amenities are slated to include a centerpiece bar, live entertainment venue and an outside veranda, among other things.
Nashville-based boutique developer Harpeth Development has a new image for its Solo East residential project slated for construction in South Inglewood.
Kline Swinney Associates is serving as the architect and project consultant, with Hardaway Construction as the general contractor. Both companies also are based locally.
Read more about the project here.
(Images courtesy of Harpeth Development, Bruce McNeilage and KSA)
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Word this week that Eakin Partners has landed Del Frisco’s Grille as a future tenant for its under-construction 1201 Demonbreun (read more here) may not be the high-profile Gulch's last bit of restaurant news for now.
Specifically, mixed-use tower Twelve|Twelve (located next to the aforementioned 1201) may soon have a tenant for its ground-level retail/restaurant space that fronts 12th Avenue.
With the Post editorial offices located in a building across the street from the 23-story Twelve|Twelve, we have a front row view of the happenings. Various prospective restaurant operators and officials have been spotted on the site — including, recently, those with M Street Entertainment Group (think Virago, Kayne Prime and Whiskey Kitchen, all of which are located one block north of Twelve|Twelve).
Ray Henlser, who co-developed Twelve|Twelve with Florida-based Stiles Corp., said progress is being made in landing a tenant.
“I can only confirm that we are working to finalize a deal with a local restaurateur,” Hensler told the Post in an email.
Local entities believed to be interested in the space could not be reached for comment.
Pollack Shores Real Estate Group has landed a permit to demolish The Gossett Building in the North Gulch, one of the first steps toward the Atlanta-based developer’s starting construction on a large-scale mixed-use building.
The Gossett Building (see here courtesy of Google Maps) is best known for most recently housing costume and makeup business Performance Studios.
Nashville-based Demo Plus will handle the job, according to a Metro Codes Department document. The permit is valued at $300,000.
The 3.44-acre site is bounded by Church Street on the north, 12th Avenue on the east, Grundy Street on the south and Davis Boulevard on the west.
Read more about the Pollack Shores project here and see the proposed building here.
So it turns out the glitzy parts of Nashville — downtown, West End, The Gulch and the like — aren't the only area office submarkets where space now costs more than $30 per square foot.
The leaders of Franklin Financial Network last week signed 15-year lease papers for almost 17,000 square feet that's been built onto their downtown Franklin headquarters by a company controlled by bank directors Henry Brockman and David Kemp.
Franklin Financial's starting rent is $33.25, which is $4.50 more than Spectrum Emery Properties is asking for its big and shiny One Franklin Park building located a few miles northeast. Even taking into account the "friendly" nature of the deal — which includes a clause allowing that rental rate to rise between 1.5 percent and 3.5 percent annually — the lease tells us the Nashville-area property market is in fine fettle, to say the least.
Check out the deal's details here.
SEE ALSO: Franklin Synergy in branch sale-leaseback with directors from late last year
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