Updated images have been released related to the 15-story mixed-use building that will interact with both Bankers Alley and Printers Alley.
as post As recently reported, the development team is still planning the project, details of which were announced nearly two years ago. No groundbreaking date has been announced.
In October 2021, the Metro Development and Housing Authority Design Review Committee approved concept plans for a project that would provide residential, retail, and structured parking space at 215th Street.217 Third Avenue N. The downtown site currently features a parking garage and surface parking lot.
The development will include 300 rental housing units and approximately 12,000 to 15,000 square feet of retail space, according to a release issued at the time.
A group of investors led by Nashville-based Gabe Cortair, a former co-owner of downtown’s UBS Tower, is taking on the project through Cortair’s development and real estate investment firm, Rubicon Equities.
Cortea recently said the team remains focused on delivering the project.
“Despite the challenging environment in the capital markets, we continue to finalize our plans and look forward to beginning construction in the near future. and the Nashville Downtown Partnership for our many years of collaboration,” he emailed. post.
This effort requires demolition of the existing garage, which has no historic design value. The future structure would provide a four-story component (a catwalk of sorts) atop Bankers Alley, with a smaller building at 215 Third Ave. N. (the site currently has some surface parking is provided).
The building, located at 215 Third Ave., was designed at a modest height to provide appropriate context with older buildings immediately to the south, the developer said. The tallest part of the entire structure (217 Third Ave. N.) is designed to rise 180 feet. For comparison, the Hotel Indigo building on an adjacent lot is approximately 200 feet tall.
Rubicon hired the Nashville office of Austin-based STG Design to handle the architectural work. The company’s president, David Johnston, is overseeing the effort.
Nashville Business Journal I published an image for the first time.
Pre-order sales begin for Germantown Housing Project
Presales are underway and images have been released related to Tennyson Germantown, a North Nashville housing project.
Nashville’s Cottingham Capital Partners and Greenwich, Conn.-based Front4 are partnering on 16 townhomes. Accommodations are located at: 400 Hume Streeta site located on the border of Salemtown and Germantown.
Compass Development Marketing Group will be in charge of development pre-sales and marketing. Units range in size from 2,167 square feet to 3,729 square feet.
Cottingham, through an affiliated LLC, purchased the 0.79-acre undeveloped land in July 2022 for $6.95 million, according to Metro records.
Derek Lyle, a partner with Cottingham Capital’s Matt Laitinen and Michael Young, said Root Architecture (design) and Civil Site Design Group (land planning and engineering) will participate in the effort. He said that
Lyle said the team hopes to break ground by early 2024 (permits are being applied for) and the construction schedule is expected to be 12 months.
The property is located within Metro City Councilman Jacob Coupin’s 19th District.
Planned midtown project progresses
Further developments are coming in connection with a planned mixed-use tower project on the Midtown site that long housed a U.S. Bank branch.
Chicago-based LG Development Group received a permit allowing it to cut down trees on the property. This comes after the company recently applied for a stormwater grading permit, according to Metro documents. Raleigh-based Kimley Horn’s regional office (land planning and engineering) is assisting, and its permitting memo is listed.
as post was reported in March 2022, and documents filed with Metro say the skyscraper will be 20 stories high and include 396 apartments and 5,900 square feet of retail, with primarily surface-level structural parking. It is said that it will be done.
The address is 1711 BroadwayThe alternate address is 1740 Division St. A mixed-use tower, SkyHouse Nashville, is adjacent to the site.
LG Development Group has yet to acquire the 1.28-acre site from an affiliate of U.S. Bank, which paid $350,000 for the property in 2003, according to Metro records.
The City Planning Commission unanimously approved a request in May 2022 to rezone the property to a specific plan to allow for development.
An image included in documents filed with Metro in 2022 shows a U.S. Bank branch facing Broadway. What makes this location unique is its easy access from both Broadway and Division Street. The on-site U.S. bank remains open.
At 245 feet tall, the future tower would be one of Midtown’s 20 tallest towers if built today. The building is designed to provide 272 one-bedroom units, 119 two-bedroom units and five three-bedroom units, according to documents provided to Metronote.
LG retained the Chicago office of Philadelphia-based Norr Design Inc. for construction work and the local office of Raleigh-based Kimley-Horn & Associates for land planning and engineering work.
Previously, LG Development sought to redevelop the Gulch site at 909 Division St. with a 16-story building that would provide office, residential and parking components. LG sold the site for $36 million in December 2021 after paying $25 million in December 2019.
The property is located within Metro City Councilman Jacob Coupin’s 19th District.