With Nashville fire hot with multiple developments both planned and underway, it is not surprising that some projects fall through the cracks.
Or fall by the wayside altogether.
A year ago, The Tennessean reported that Augusta, Ga.-based real estate development company The Giddings Group was hoping to acquire from local real estate investor Rusty Dunn some MetroCenter property for an apartment building.
A year later, the company has yet to purchase the property, the address for which is 281 Cumberland Bend, but is listing on its website what it calls The Duke Nashville.
Dunn, via his Horsepower JV, acquired the 7.39-acre site in October 2014 for about $2.57 million.
Attempts to contact Dunn failed, and multiple phone calls and emails to The Giddings Group went unreturned.
We hope to hear back from The Giddings Group at some point to provide an update. Until then, we can at least show the image of The Duke Nashville. For a better image, check here.
And from the company’s website:
“The Duke Nashville will offer 251 high-end apartments including studio, one and two bedroom units. Focusing on an enriched community experience and an enhanced lifestyle for residents, the Nashville location will feature gourmet kitchens, resort-style community amenities, and spacious floor plans.”
Nashville-based LPS Integration is moving its headquarters from MetroCenter to Maryland Farms, Nashville Business Journal reports.
The IT engineering firm has bought an approximately 22,000-square-foot building with an address of 5300 Virginia Way in Brentwood for $4.1 million, according to NBJ.
Read more here.
After considering a move, the state of Tennessee has decided to keep approximately 600 Department of Human Services employees working within their current MetroCenter office building, according to David Roberson, director of communications for the Tennessee Department of General Services.
Specifically, the employees work within DHS section Tennessee Disability Determination Services (DDS) in Plaza Tower, which is located at 200 Athens Way and is owned by Atlanta-based IPC MetroCenter LLC.
Roberson said General Services, which handles various real estate matters for the state, is in the process of finalizing a new 15-year lease agreement.
“DDS will be moving into a smaller area than they had before — about 100,000 square feet — but they’ll be using ‘swing space’ there while they make renovations [to the existing space],” Roberson said.
The new lease will begin when the renovations are completed, expected to be in about 18 months, he added.
Previously, the state had advertised its intentions to find for DDS about 84,000 square feet of office space in either Davidson County or Williamson County. An August move was targeted.
The state of Tennessee has extended its lease for space in a MetroCenter building located at 200 Athens Way.
The extension comes as the state continues to seek office space for approximately 600 Department of Human Services employees who work within DHS section Tennessee Disability Determination Services. The employees work at Plaza Tower (pictured here), which is owned by Atlanta-based IPC MetroCenter LLC.
David Roberson, director of communications for the Tennessee Department of General Services (which handles various real estate matters for the state), said the DDS lease agreement allowed for month-to-month extensions.
“We’ve requested [an extension] while we look for a longer-term solution,” Roberson said.
Originally, the lease expired on Aug. 31, 2014, but was extended to Feb. 28. The relocation is planned for August.
The state has advertised its intentions to find for DDS about 84,000 square feet of office space in either Davidson County or Williamson County. According to the advertisement, the state is seeking a lease term of 10 or 15 years. The building must offer a minimum of 475 free parking spaces.
Aegis Science Corp. has landed two permits for work on its MetroCenter-based office space, according to Davidson County Register of Deeds documents.
Specifically, the Nashville-based toxicology lab company has land a permit to rehab 20,000 square feet and 5,000 square feet, respectively, of existing office space in a building located at 501 Great Circle Road.
The building updates come on the heels of Aegis' having acquired molecular diagnostics laboratory company Diagnovus (read more here).
Southland Constructors will oversee the work, with the permits valued at $790,540 and $822,008, respectively.
Atlanta-based developer The Residential Group has landed a master permit for its residential project planned for MetroCenter.
The development will include four four-story buildings with a collective 320 units and will be located at 45 Vantage Way.
The Residential Group, which developed the 244-unit West End Village at the southwest corner of 31st Avenue and Long Boulevard in West End Park, will team with Horsepower Realty, LLC, on the project.
TRG Builders TN LLC, an entity The Residential Group created for the development, will serve as the general contractor with the permit valued at $5.2 million.
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