Notes: Moore Building Team Receives $ 79 Million Loan | development


The development team planning to break the ground for the Moore Building in Midtown this month has received a home loan of approximately $ 79 million.

According to a document on the Davidson County Register of Deeds, the US bank provided the loan.

Nashville-based developer David W. Creed Jr. and Atlanta-based Portman Holdings are working together to develop the website featuring the 16-story mixed-use tower (pictured above). The project, which is located on 0.76 hectares in 825 19th Avenue S. on the northwest corner of 19th Avenue North and Chet Atkins Place, is expected to be priced in excess of $ 120 million.

The Moore building will offer 227,000 square meters of office space on nine levels and 8,500 square meters of retail space on the ground floor (with seven levels of above-ground parking garage and two levels of underground parking). Gresham Smith from Nashville is the architect.

Mike Greene, who oversees Portman’s development, recently said the post Approvals have been obtained and Hoar Construction is acting as general contractor. Greene said he and Creed will be assisted in the effort by fellow Portman John Farmer, vice president of construction, and Travis Garland, national head of leasing.

The project involves Ragan-Smith Associates, a locally based engineering and space planning company, and the local CBRE office (which conducts marketing and leasing activities). The team had previously hoped to break the ground by the end of March. No tenants have been announced so far.

Read more about the Moore project and see additional pictures here.

Permit issued for One City apartment building

Alliance Residential Co., headquartered in Phoenix, has received important approval related to a planned project for One City.

The $ 1.22 million permit comes after Alliance recently paid $ 10.4 million for the land on which the seven-story residential building will be built. The permit allows the construction of the foundation of the future building.

The building is said to be called Broadstone One City and is located next to the apartment building The Shay. According to a document submitted to Metro in September 2020, the building will have 261 apartments and 331 parking spaces. Alliance, which has an office in Nashville, hasn’t announced a landmark date or released a detailed color picture.

Atlanta-based Dynamic Design will act as the architect with the Nashville-based Catalyst Design Group, taking on the engineering and land planning tasks. Nashville-based Pinnacle Bank has provided a $ 44.3 million loan to help make construction possible.

The 1.63 hectare property is located at 2 City Place. The main entrance to One City (stylized as “one C1TY”) is at the 28th / 31st Avenue Connector.

Continue reading here.

Details on the planned housing project for Sylvan Heights emerge

A classification permit has been granted and a master permit for an apartment building has been applied for. Kansas City-based Price Development Group is aiming for Sylvan Heights.

The company provided Metro with basic images of the building, with a document showing that HEDK Architects, based in Addison, Texas, was handling the design for what is called the 3800 Charlotte. The master approval relates to three buildings with a total of 320 residential units and a skybridge that connects two of the buildings.

Previous images submitted to Metro show that the buildings feature a combination of brick, Hardie slab, metal and concrete for the exterior. Nashville-based Kimley-Horn is the civil engineer for the West Nashville project at 3800 Charlotte Ave.

The property is located in District 24 of Metro Councilwoman Kathleen Murphy.

PDG, whose officials were unavailable to comment, paid $ 7.45 million in July 2019 for a then Metro-owned salt facility. The 5.03 acre property was offered through an online auction, with Price being the only bidder.

It is noteworthy that PDG was involved in The Monroe apartment building in Germantown, which opened in 2017.

The Charlotte Avenue property under development is near Tamay Ozari’s L&L Market Place building, the mixed-use Hill Center Sylvan Heights, Sylvan Station (home to Novatech and Five Points Pizza, among others) and the former property Madison Mill, now called Sylvan Supply.

It is also noteworthy that a mixed-use building is planned for the area to be anchored by a Publix (read here).


About Author

Leave A Reply