Nashville Real Estate Blog - Blog Archive: November, 2012

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: November, 2012 Close
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November 2012

Found 14 blog entries for November 2012.

Nashville Mayor Karl Dean has an ambitious goal for his city to become one of the cleanest and greenest city’s in the southeast. Implementing various programs to attract local participation to work towards this objective faster, Metro Nashville has teamed up with Coca-Cola and Kroger to bring back an initiative that has spiked recycling rates before, namely: the Coca-Cola Recycle & Win.

“Bringing back the Recycle & Win program just made sense.” said Veronica Frazier, Director of Metro Beautification and Environment. “The first Recycle & Win program significantly raised awareness throughout the county about the importance of recycling for both economic and environmental reasons. And as we look to increase recycling rates and participation, we believe

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Southern Land Company -- a national developer specializing in designing and building single-family, commercial, retail, and multi-family communities – has constructed some of Nashville’s finest developments. With more than twenty years of experience within the real estate industry, this organization has played a major role in urbanization across the U.S., managing to erect some of the most dynamic neighborhoods to date.

Southern Land has recently announced plans to build a 14-story mixed-use apartment development in Green Hills. The upscale project is slated for erection in 2013 at the intersection of Richard Jones Road and Hillsboro Road, which is a location that observers believe will serve as a substantial attraction to future tenants.

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Value Place franchisees are hoping to get a piece of the growing market of Tennessee. They already have nine properties in the state and in Clarksville, Lebanon, and Murfreesbor, which were all constructed in 2008 to 2009.  

According to Dan Weber, chief executive officer of Value Place, all their sites in the area are making money and they’re seeing a rise in occupancy even as the area goes through an economic hardship. They are looking to expand their brand to the middle of Tennessee and Nashville.  They see these places as great spots for their extended-stay hotel chain.

Currently, they are looking at around four to six locations in Nashville. They saw the growth and the potential of the area and believe that they are a great match for this kind of

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Recently, CEO of Pinnacle Hotels, Ray Dayal spent a whopping $5.25 million to realize land development plans near Nashville’s Music City Center convention hall.

At the other corner of 5th Ave. South and Korean Veterans Blvd., The Matthews Co. holds land under contract to one hotel development firm to build what could probably be downtown Nashville’s 2nd dual-branded hotel. 

Mitch Patel, a developer from Platinum Hospitality Management Corporation, purchased a piece of land worth $3.75 million for his plans to build a limited-service type hotel. 

An Arizona-based hotel group also purchased a separate site to construct a hotel. The developer, Tony Giarratana, has revealed plans to build a 4-star hotel within the community. 

Meanwhile, Chartwell

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During presidential election year when home purchases are expected to be weak, Nashville’s housing market has surprised many by becoming stronger than it has been for years.

According to Greater Nashville Association Realtors, home sales in Nashville increased by 26.2% during the 3rd quarter of 2012 as compared to the same period of the previous year. 

Kendra Cooke, GNAR President stated that there has been an increase in home sales every month in the current year, with strong increase during the 3rd quarter particularly in the Middle Tennessee area. 

People of Middle Tennessee have a lot of reasons to purchase a house despite the uncertainty of the election and these include decreased unemployment rate, new businesses offering jobs, lower interest

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Located in the corner of McEwen and Interstate Highway 65 Cool Springs, Tennessee, just 15 miles out of Nashville stands a huge mixed-use development.

The Franklin Park property is just one of several recent constructions of apartments and large offices propping up in Nashville’s metropolitan area. Local experts feel confident that the local market will be able to handle this new construction boom – for now. 

Seventy-one acres of the Franklin Park site will be home to 350 luxury apartments and 5 Class-A office facilities covering 1.5million square feet. Another project is the $10milion park covering 11 acres of land to include boardwalks, walking paths over three miles, and an amphitheater of 600-seater. Construction for both the park and the property

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A real estate investor from Nashville is planning to develop its 7.5-acres prime property across the convention hall of the Music City Center into a campus. The plans are expected to provide the city the needed edge to be able to attract and retain the “creative class” members.

McIntyre Ventures envisions the development of its Pantheon Park plans as the ideal gathering spot for artists, performers, videographers, entertainment and music producers, digital gamers, coders, and writers. The plans will include recording and production studios, performance halls, and accelerator to target entrepreneurs as well as technologies in developmental stage. 

According to Tom Baldridge, local developer and founder of Pantheon Park and McIntyre Ventures, the plans

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The state agency of Nashville suggested putting the Donnelly J. Hill State Office Building, a forty-four year-old building in Memphis, for sale after several months of analysis.  The agency opted selling the high-rise state building instead of spending roughly $9.2 million on its renovation. 

However Governor Bill Haslam will be the one to decide whether to approve or disapprove the proposal submitted by Steven G. Cates, a Gen. Services Commissioner on Wednesday during the hearing of state budget.  The Governor together with his financial advisers will make the final decision on selling Memphis Building and the other five buildings in Chattanooga and Nashville in January during their presentation of budget proposal. 

On Thursday the Governor stated

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Cleveland Park is situated in the east of Nashville alongside the trendy communities of Maxwell Heights and Greenwood Neighbors. The neighborhood derives its name from the Cleveland Park that was hand over to Nashville in 1963 for management. Cleveland Park provides excellent opportunity to investors, business owners, and young professionals. 

Plantation owner Thomas Talbot once owned a majority of the area. The neighborhood’s notable main street is Dickerson Pike. Robert Cartwright, a revolutionary soldier was contracted to construct a road starting from Nashville to Goodlettsville. He constructed the Dickerson Pike adjacent to the old buffalo trail. As part of the neighborhood’s 10-year recovery effort, Buffalo statues were built at the corner of

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The cancellation of the Medical Trade Center project in Nashville was no longer a surprise. But what is next for the abandoned space? 

The Convention Center’s exterior has already been obsolete after several years from the time it was opened in 1987. Similar to other huge convention facilities that have opened in the 1980s and 1990s, the colossal building has useful yet unattractive innards, which was always unpleasant to design enthusiasts who put more importance on aesthetics rather than functionality. However the building was built in the 80s, when Nashville residents did not have access to first-class quality on planning and architecture. 

In February of 1985, numerous locals were happy that Sam Davis Hotel was demolished and replaced with the

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