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jmecklenborg

Nashville: Developments and News

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I was speaking with a guy the other day who has a friend who left his job for 6 months to invest his 401k in a Nashville development and then once he unloaded it went back to his job after pocketing an 80% return in 6 months.

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^ He worked for a major bank and could not take part in the project because of conflicts of interest so he quit his job for 6 months and told his boss not to rehire for the position because he would be back when the project was finished.  When you are a top producer you can do this.

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very cool. its just incredible. the place was a ghost town when i lived there briefly.

 

Much of it is still terribly sleepy and nondescript.

 

 

Oh there's what's left of the endless single-story buildings like you saw in '70s/'80s TV and movies filmed in Nashville.

 

Yeah, one-by-one they're coming down, along with the handful of single-family houses and other oddities that survived until the post-2010 bulldozing began. 

 

The Convention Center authority just paid $190/sq foot for the buildings on this lot...to park semi trailers. 

https://www.google.com/maps/@36.1549741,-86.7781297,3a,75y,78.06h,87.42t/data=!3m6!1e1!3m4!1s66Xxb0spzmc6Psm5py9AFQ!2e0!7i13312!8i6656

 

 

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The Nashville skyline now extends almost continuously from downtown to Vanderbilt. The towers under construction will only further reinforce the concentration of density along this corridor.

 

What is still stunning is the lack of adequate mass transit in the region. And sidewalks!


“All truly great thoughts are conceived while walking.”
-Friedrich Nietzsche

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Like I said, everything small and noteworthy is being torn down:

https://www.nashvillepost.com/business/development/article/21013326/famed-music-row-property-hits-market-for-34m

 

There basically isn't going to be anything left of Music Row in ten years, which for years was the main tourist area.  You just got on a bus and drove past all of the recording studios and record company offices. 

 

Now the pedal wagon putters past the same sort of microbreweries that exist everywhere else in the United States. 

 

 

 

 

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What is still stunning is the lack of adequate mass transit in the region. And sidewalks!

 

Now the pedal wagon putters past the same sort of microbreweries that exist everywhere else in the United States. 

 

I expected Nashville to have a lot of pedal wagons, and they sure did, but I was more surprised by the number of those golf cart shuttles (similar to the Gest ones in Cincinnati). When we were sitting at the rooftop bar where I took that panorama, we saw a golf cart shuttle full of people go by every 2 minutes. I guess a majority of Nashvillians think, "why do we need transit when we have golf carts?"

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The value of land in DT Nashville is now 2x-3x that of any Ohio downtown, which is motivating the demolition of significant buildings:

 

This is from a bad angle but this was actually a pretty nice art deco building:

 

These two demolitions were for the Nashville Yards project:

http://nashvilleyards.com/

 

The website claims that it will have 1.5 million sq feet of office space, 1,000 residential units, and 1,100 hotel rooms. 

 

 

 

 

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Damn! Are there no more surface parking lots in downtown Nashville?

 

There are plenty of surface lots in downtown Nashville, old money is holding on to them, like they are in Cincinnati. Either waiting on a huge cash buyout, or to just go to the grave with them.

 

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Damn! Are there no more surface parking lots in downtown Nashville?

 

There are all sorts of odd pieces of land because of the railroad tracks and weird street layout...will we see anything go up on this tiny traffic island?:

 

https://www.google.com/maps/@36.1536097,-86.7764161,3a,35.8y,90.56h,95.99t/data=!3m6!1e1!3m4!1sh3ZUuk1rBv5z30jhqo704w!2e0!7i13312!8i6656

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Damn! Are there no more surface parking lots in downtown Nashville?

 

There are all sorts of odd pieces of land because of the railroad tracks and weird street layout...will we see anything go up on this tiny traffic island?:

 

https://www.google.com/maps/@36.1536097,-86.7764161,3a,35.8y,90.56h,95.99t/data=!3m6!1e1!3m4!1sh3ZUuk1rBv5z30jhqo704w!2e0!7i13312!8i6656

 

Perfect place for a coffee shop (starbucks) or a krispy kreme in Nashville.

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Damn! Are there no more surface parking lots in downtown Nashville?

 

There are all sorts of odd pieces of land because of the railroad tracks and weird street layout...will we see anything go up on this tiny traffic island?:

 

https://www.google.com/maps/@36.1536097,-86.7764161,3a,35.8y,90.56h,95.99t/data=!3m6!1e1!3m4!1sh3ZUuk1rBv5z30jhqo704w!2e0!7i13312!8i6656

 

Perfect place for a coffee shop (starbucks) or a krispy kreme in Nashville.

 

The long side is about 50 feet and the side is about 25.  If they can get a parking variance and let a tower overhand the sidewalks, they could do a tower there with one small 800-1000~ sq foot unit per floor. 

 

 

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^It's over $200 per bedroom, per night. 

https://www.bode.co/bode-nashville-hotel-alternative

 

It's actually a pretty brilliant business model.  Pay $18 million for a tear-down 1980s apartment complex, spiff it up and market it to trust funders on vacation, then in 10 years, just as all of the decor needs to be replaced, sell it for $40 million to a developer who'll bulldoze it. 

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“All truly great thoughts are conceived while walking.”
-Friedrich Nietzsche

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I...kinda...like...it?

 

Paramount_Aerial-Dusk_800.gif


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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I think i found peak Nashville and post here for your amusement. Custom art and decor for the new places made from the bones of the 'ruined and abandoned' homes of others........shown here in a hundred thou or so schoolie tiny home format that is probably an airbnb for instragram interns. http://www.1767designs.com/somedrifters.

 

 

I kid cuz i luv

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The Tennessean reports that Nashville's growth rate shrunk significantly in 2018, but it still added 30,000 residents:

https://www.tennessean.com/story/news/2019/04/18/nashville-population-growth-slows-2018/3498194002/

 

The metro probably won't surpass 2 million in the 2020 census, but will likely surpass all 3 C's by 2030. 

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On 10/31/2018 at 11:04 PM, jmecklenborg said:

^It's over $200 per bedroom, per night. 

https://www.bode.co/bode-nashville-hotel-alternative

 

It's actually a pretty brilliant business model.  Pay $18 million for a tear-down 1980s apartment complex, spiff it up and market it to trust funders on vacation, then in 10 years, just as all of the decor needs to be replaced, sell it for $40 million to a developer who'll bulldoze it. 

 

Not saying I have experience with bachelorette parties, but from my experience with bachelor parties and similar:

 

Chicago > Detroit = Vegas = Cincy (being a Cincy quasi-local helps) >>> Nashville.

 

I don't get the Nashville bachelor party / bachelorette party draw.

 

Nashville certainly would have Gatlinburg beat IMO

Edited by SWOH

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