ULI Nashville honors Astoria

Last week, the Nashville Urban Land Institute honored six Middle Tennessee developments with its Excellence in Development Awards.

We were thrilled to learn that the Astoria, our Green Hills’ Bedford Avenue mixed-use development project with Ewing Properties was one of the developments recognized.

Astoria has a timeless, classic feel to it, with top-quality materials and amenities. Our partners in the project also included T.W. Frierson, Barge Cauthen Associates, Enfinity Engineering and EMC Structural Engineers PC.

The ULI judges said, “This project fits seamlessly into the environmentally sensitive, new urbanist, mixed-use district that the property owners, developers, public officials and neighbors worked so hard to establish.”

Other developments recognized were the Franklin Theatre, McCabe Park Community Center, Nance Place, Room in the Inn and Ruby.

H.G. Hill Realty Company & Southeast Venture Purchase Additional Land for 12 South Lofts Project

Development to bring high-end apartments, retail to 12 South neighborhood

H.G. Hill Realty Company and Southeast Venture have purchased two additional sites totaling 0.4 acres for use with the planned retail/multi-family building in the 12 South neighborhood.

The additional land immediately north of the original 0.8-acre site at 2310 12^th Ave. S. will give the project a total of 1.2 acres. The building will be a mixed use development comprised of 90 luxury rental apartments and 9,800-square-feet ground floor retail. The apartments will consist of primarily one-bedroom units.

Located next to 12 South Taproom and Grill, the project includes a 98-space below grade parking garage for residents, and 48 surface spaces for retail patrons. The development will be executed through a joint venture between H.G. Hill Realty Company and Southeast Venture. Southeast Venture’s architectural and interiors department will be carrying out the building’s design.

Work on the project is expected to start in mid April, with completion set for the summer of 2013. We look forward to working with H.G. Hill Realty on the development of this property, and hope to create a building for the residents of the 12 South neighborhood that’s unique and true to the area.

To read more about this project, check out our earlier entry.

Nashville CRE Week in Review: Week of Dec. 18

Nashville CRE Links

1. 2011′s Top Reads: Development — Nashville Post (link)
2. Developers eye 12 South apartments — Tennessean (link)
3. H.G. Hill Realty, Southeast Venture partner on 12 South project — Nashville Business Journal (link)
4. H.G. Hill, Southeast Venture team up in 12South — Nashville Post (link)
5. Spring Hill shopping center sells for $31M — Nashville Post (link)

H.G. Hill Realty & Southeast Venture to Build Mixed Use Building in 12 South Neighborhood

The multi-family and retail project will be developed through a joint venture between the two local commercial real estate firms

We are pleased to announce today that H.G. Hill Realty Company and Southeast Venture have purchased 0.82 acres in the 12 South neighborhood from Middle Tennessee Roofing Co., Inc., and plan to design, develop and lease a mixed use, retail, multi-family building on the site at 2310 12^th Ave. S.

Located next to 12 South Taproom and Grill, the new building will be a mixed use development comprised of 67 luxury rental apartments and 4,200-square-feet ground floor retail.

The addition of high-end apartments and retail space will fill a much-needed niche in the 12 South neighborhood. We expect construction to begin on the project in April 2012, with units being ready for occupancy in spring 2013.

Nashville CRE Week in Review: Week of Nov. 27

Nashville CRE Links

1. 2 East Nashville buildings to house 86 apartments — Tennessean (link)
2. Ballpark feasibility study gives options, not answers — Nashville Business Journal (link)
3. Developer wants Gulch hotel to offer distinctive design — Nashville Post (link)
4. Experts: Opry Mills’ return shouldn’t harm others — Nashville Business Journal (link)
5. TVA Moves Forward with Plan to Avoid $30 Billion Debt Ceiling — Nashville Public Radio (link)

Nashville CRE Week in Review: Week of Oct. 16

Nashville CRE Links

1. Hendersonville apartment complex sells for $33 million — Nashville Business Journal (link)
2. Major office developments planned for The Gulch — Nashville Post (link)
3. Murfreesboro planners approve proposed Amazon warehouse — Daily News Journal (link)
4. O’Charley’s nets $105 million in sale-leaseback of 50 properties — Nashville Business Journal (link)
5. Spectrum plans spec office building in Cool Springs — Nashville Business Journal (link)

Nashville CRE Week in Review: Week of Sept. 4

Nashville CRE Links

1. Cracks in structures at Nashville condo complex spark lawsuit — Tennessean (link)
2. East Nashville developer wraps up office suite rehab — Nashville Post (link)
3. Goodbye forever, Grizzly River Rampage — Nashville Business Journal (link)
4. Pat Emery buys more Crescent Resources property for $40M+ — Nashville Business Journal (link)
5. Tennessee construction values flat in July — Nashville Business Journal (link)

Welcome Ashley Bishop to the Southeast Venture Team

Welcome Ashley Bishop, who has joined us as a broker and CCIM candidate.

Ashley’s extensive experience in brokerage and development in both residential and commercial real estate makes him an ideal addition to our brokerage team.

With 15 years of industry experience, Ashley most recently worked at Retail Property Management, Inc., where he served as a broker and development manager since 2006.

At Southeast Venture, Ashley will specialize in multi-family and retail properties, offering services in both leasing and sales, in addition to market analysis, site selection and land sales.

1700 Midtown Wins Development Award

1700 Midtown

The Nashville ULI chapter recently honored 1700 Midtown with an “Excellence in Development” award.

The State Street and 17^th Avenue apartment building was developed by Bristol Development Group. We designed the architecture for the 170-unit, two four-story buildings. Project partners also included Hodgson & Douglas, Doster Construction Company, Barge Cauthen & Associates Inc., Smith Seckman Reid Inc., Sterling Engineering and Anderson Design Studio.

The ULI panel of judges described the 1700 Midtown project as setting “the design trend of future reinvestment in the area.”

Other honored projects were 12^th and Paris, Franklin Police headquarters, Hotel Indigo, Piedmont Natural Gas operations center, the Sawtooth Building, Terrazzo and Westhaven.

ULI judged projects based on their design, land use, contribution to and reflection of the neighborhood, their use of a public/private partnership, environmental sensitivity and financial viability.

Judges for the awards were Richard Rosan, president of Urban Land Institute; William Gilchrist, director of place-based planning for the City of New Orleans; and Richard Ward, vice president of Zimmer Real Estate Services.

1700 Midtown

1700 Midtown courtyard

1700 Midtown exterior

1700 Midtown aerial

Nashville Comes Together

photo courtesy of oheatherrx, stock.xchng

Over a century ago, the eastern and western United States came together when a golden spike joined two railroads in Utah to commemorate the joining of the Central Pacific and Union Pacific railroads – creating the first transcontinental railroad across our nation.

A similar thing happened yesterday morning in Nashville, and the results may be just as significant for Nashville as completing the transcontinental railroad was for America: This morning Mayor Karl Dean and other city officials officially broke ground for the 28^th/31^st Avenue Connector. When completed, this bridge over the railroad tracks behind HCA will close a rift between North and West Nashville that has needed closing for more than 40 years.

For years, Senior Southeast Venture Broker Gilbert Smith suggested the idea of a 28^th/31^st connector to every government official, elected or staff, every policy making board, every university, every Hospital owner and operator, every developer, every land owner, every architect and engineer, every civic organization, every business organization, every associate and family member that would listen.

It was Mayor Karl Dean and his team who finally made this all possible, with Gilbert assisting in negotiating the land sale. Mayor Dean personally thanked Gilbert for this contribution during his remarks this morning to the 200+ people who gathered to celebrate the groundbreaking. Southeast Venture is honored to have been a part of this historic development.

“It’s unusual to get such a large crowd for a groundbreaking, and the fact that such as large crowd – from both North and West Nashville – was there this morning is a great testament to how important this project is, and how far Nashville has come as toward becoming a truly inclusive community,” Gilbert said.