NASHVILLE | Development Showcase

[The ATX]

This is a great shot.

Originally Posted by Cory

Not sure of it’s been posted before but this a great angle of the skyline I’ve never seen before.

[The ATX]

Originally Posted by Zapatan

Nice shot! I was looking at renderings of Paramount, is that really not happening anymore? Such a bummer if so, Nashville is almost little Austin these days.

Wow, I had no idea this was in trouble. I thought the groundbreaking was for real. I checked out UrbanPlanet where the Nashville folks hang out, and it seems all hope is not lost though.

[downtownNashville]

Originally Posted by The ATX

Wow, I had no idea this was in trouble. I thought the groundbreaking was for real. I checked out UrbanPlanet where the Nashville folks hang out, and it seems all hope is not lost though.

Tony had financing lined up but terminated the deal earlier this year. He has said that new financing is expected to close in July, so this next month is crucial, IMO.

[Zapatan]

Originally Posted by downtownNashville

Tony had financing lined up but terminated the deal earlier this year. He has said that new financing is expected to close in July, so this next month is crucial, IMO.

Good to know it's not definitely done for.

[Texcitement]

Another 600+' proposal for SoBro. 319 Peabody with 400 Intercontinental hotel rooms and 120 condos. The condo market downtown is strong, as Tony Giarratana is converting one of his towers from apartments as he continues to pursue financing for his Paramount. With the previously announced St. Regis hotel, downtown will have 3 new 600+ foot-tall towers. The Marriott Autograph will be 450' tall.

Intercontinental Nashville 650'





St. Regis Nashville 651'

[colemonkee]

I like the St. Regis tower. Morris Adjmi turns out pretty reliably nice work.

[Pedestrian]

Is this some kind of reversal of the blue-->red flight?

San Francisco’s bid to attract a major university to its downtown core could be fulfilled as a prestigious private research school is in talks with the mayor’s office about expanding its presence into the heart of the city.
A spokesperson for Vanderbilt University confirmed to the Chronicle that it is considering broadening its school in Nashville, Tenn., to San Francisco and has been working with Mayor Daniel Lurie’s office on the effort.
“Vanderbilt is always exploring new opportunities to expand our impact and further our mission. We recognize the long-term global leadership of San Francisco and its ever-growing potential, defined by a vibrant culture, dynamic innovation ecosystem and the talent drawn to its leading technology companies and top-caliber arts and cultural institutions,” the spokesperson said in an emailed statement.
“This powerful combination is why we are optimistically exploring the possibility of establishing a presence downtown, working closely with Mayor Daniel Lurie and his team.”
Last month Vanderbilt announced plans for a new “innovation district” in Nashville complete with research space and offices for university-affiliates and nearby startups, parks, retail and housing, spanning several blocks on land it owns near its main campus. The district’s buildout is expected to take more than a decade to complete.

https://www.sfchronicle.com/sf/article/d...ign=sfcn%20%7C%20real%20estate%20insider

For Nashvillians (or whatever you are called) unfamiliar with San Francisco, the city has a number of universities within the city--U. of San Francisco, Cal State San Francisco, UC San Francisco, UC Law etc--but none "downtown" (except UC Law on the fringe of downtown). Meanwhile, in the center of downtown sits a large, recently built urban mall that is practically empty these days because San Franciscans no longer go downtown to shop (there's that "internets" thing they helped invent) and many who used to work downtown now work from home. This quite grandiose building has previously been proposed as a retail-->?? conversion. I'm pretty sure I've seen it conceived as an urban campus and it sure would make an interesting one.

[Texcitement]

Originally Posted by Pedestrian

Is this some kind of reversal of the blue-->red flight?


https://www.sfchronicle.com/sf/article/d...ign=sfcn%20%7C%20real%20estate%20insider

For Nashvillians (or whatever you are called) unfamiliar with San Francisco, the city has a number of universities within the city--U. of San Francisco, Cal State San Francisco, UC San Francisco, UC Law etc--but none "downtown" (except UC Law on the fringe of downtown). Meanwhile, in the center of downtown sits a large, recently built urban mall that is practically empty these days because San Franciscans no longer go downtown to shop (there's that "internets" thing they helped invent) and many who used to work downtown now work from home. This quite grandiose building has previously been proposed as a retail-->?? conversion. I'm pretty sure I've seen it conceived as an urban campus and it sure would make an interesting one.

Vandy has opened a new campus in Palm Beach, FL and currently building one in NYC. I guess the West Coast is a natural extension.Those are all high profile locations. The downtown mall in SF sounds like a real possibility for where they land.

I think this is a general trend of top universities to grab more R&D at the sources (big corporations and foundations) as federal dollars are being cut. The school is establishing a huge Innovation Center on 20 acres (mostly parking lots and older commercial buildings) at the western side of its campus in Nashville.

[jmecklenborg]

Originally Posted by Texcitement

Vandy has opened a new campus in Palm Beach, FL and currently building one in NYC. I guess the West Coast is a natural extension.Those are all high profile locations. The downtown mall in SF sounds like a real possibility for where they land.

I think this is a general trend of top universities to grab more R&D at the sources (big corporations and foundations) as federal dollars are being cut. The school is establishing a huge Innovation Center on 20 acres (mostly parking lots and older commercial buildings) at the western side of its campus in Nashville.

There is a counter-argument that satellite campuses dilute the brand. That's why the Ivy League schools aren't really doing it.

And many state schools are doing an "innovation district" if they haven't already. What, exactly, is an innovation district? It's the university lending its branding to a developer who hopes to attract higher rent from "innovative" tenants + the university gets to put its signage at a "gateway" where prospective freshman and faculty recruits will see it. For example, the University of Cincinnati is not visible from any interstate highway. So they built an "innovation district" that overlooks a prominent exit ramp off I-71 so that 100,000+ daily passers-by will see the UC logo and know that they're close.

Same thing with Vanderbilt - it's always been somewhat physically low-key. They recently rebuilt the dorms along West End and built the neo-tudor tower to improve their brand image. People spending 50k to attend an ostensibly elite university want a campus that looks elite. The old brick dorms from the 1960s looked too practical. So they built the neo-classic dorms so you can pretend you're in England and to distinguish the campus from the commercial development along West End.

[jmecklenborg]

Also, the Boring Company's recent proposal to dig from the airport to downtown is typical Elon Musk - no details and tons of over-promising and under-delivering. The tunnel length would be at least 7 miles and he hasn't built anything that long. The tunnels probably won't allow travel anywhere close to what you can do on I-40. And even if the company somehow gets a fire safety exemption, you'd be pretty dumb to trust your life in one of these things since there will be few access points in the middle in the event of a wreck or fire or flood (the flouting of the law is of course how they plan to keep costs down).

[cecilism]

Originally Posted by jmecklenborg

Also, the Boring Company's recent proposal to dig from the airport to downtown is typical Elon Musk - no details and tons of over-promising and under-delivering. The tunnel length would be at least 7 miles and he hasn't built anything that long. The tunnels probably won't allow travel anywhere close to what you can do on I-40. And even if the company somehow gets a fire safety exemption, you'd be pretty dumb to trust your life in one of these things since there will be few access points in the middle in the event of a wreck or fire or flood (the flouting of the law is of course how they plan to keep costs down).

Las Vegas disagrees.

It is, what it is.

[Zapatan]

Originally Posted by downtownNashville

Tony had financing lined up but terminated the deal earlier this year. He has said that new financing is expected to close in July, so this next month is crucial, IMO.

I looked for news regarding this since it's the end of July but can't find anything. I feel like an article would have been published had it gone through.

Fingers crossed.

[Dale]

I do hope that Tony gets his financing, but he’s left behind him a trail of grandiose projects.

[Texcitement]

Originally Posted by Dale

I do hope that Tony gets his financing, but he’s left behind him a trail of grandiose projects.

It doesn't look good for Giarratana.

On a more positive note, the developers of the St. Regis, Autograph and Intercontinental look ready to go forward. I hear financing is in place for all three.

[Zapatan]

Originally Posted by Texcitement

It doesn't look good for Giarratana.

Where did you hear this?

[Dale]

Originally Posted by Texcitement

It doesn't look good for Giarratana.

On a more positive note, the developers of the St. Regis, Autograph and Intercontinental look ready to go forward. I hear financing is in place for all three.

Much as I’d like to see Paramount go up, I suppose I’d be happy trading a 750 footer for two 650 footers.

[Dale]

I can’t link the article but the Post has the latest …

[cabasse]

^ here's an archived version - https://archive.ph/LHi60

[Dale]

^ Thanks, this is more information than I had. This seems to be more hopeful.

[MidTenn1]

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