Community Input Sought About Development of Spring Hill Property

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This press release was originally released on Sept. 8, 2016. 

Community Input Sought About Development of Spring Hill Property

Dates and Location for Community Meetings Announced

SPRING HILL, Tennessee, September 8, 2016 –Spring Hill residents are invited to attend upcoming meetings where their input will be sought about development of a 780-acre tract of land in the northeast corner of the city.

Designated a “Gateway District” in the City of Spring Hill’s long-range land use plan, the acreage considered for development is bounded on the east by I-65, on the west by Buckner Lane, on the north by Thompson Station Road and on the south by Twin Lakes Drive and Summit High School. It is owned by Buckner Lane Partners, LP.

Two meetings are scheduled, both in the multipurpose room at the Catholic Church of the Nativity, 2793 Bucker Lane, Spring Hill, 37179 – which is near the future development site. The meetings will be from 6 – 7:30 p.m. on Tuesday, September 13, and Tuesday, September 27. The multipurpose room entry is at the rear of the Church.

“Community input is vital to the successful development of this outstanding property, and we are looking forward to a good turnout,” said Randy Parham, a principal with Southeast Venture, the Nashville commercial real estate firm overseeing development of the site.

Southeast Venture Principal Wood Caldwell said community members will have an opportunity to learn about potential plans for the property and to provide their feedback during the upcoming meetings.

“We’ll do a PowerPoint presentation that gives an overview the site. We’ll then move to a more informal setting where we’ll have tables set up manned by members of our team where residents can give their comments directly to us, without having to speak in a public setting. In our experience, this combination of group and individual feedback is very effective in generating response from as many people as possible, which is our goal,” Caldwell said.

Spring Hill area residents wanting more information on should contact either Randy Parham (rparham@southeastventure.com) or Wood Caldwell (wcaldwell@southeastventure.com) at Southeast Venture. Further information about Southeast Venture can be found at the Southeast Venture website at www.southeastventure.com.

 

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Meet our new team members—Morgan, Celeste and Kelly.

It’s been a busy few months at Southeast Venture, and we’re happy to introduce our three newest team members: Morgan Jessilyn Brown, Celeste Mize, Associate IIDA and Kelly Sullivan.

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Morgan Brown

Brown joins the team as a design services project manager. In her role, she will assist in the design of multi-family, office, healthcare and master planning projects. Brown graduated from the University of Kentucky with a bachelor of science in architecture. She also earned a Master of Architecture and a certificate in urban redevelopment from the University of Pennsylvania.

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Celeste Mize

Also joining our design services team is Celeste Mize as an interior designer. Mize will be involved in design development and production of drawings for a variety of projects, including corporate, multi-family and health care. An Appalachian State University alum, she honed her design skills prior to graduation as an intern with the facilities management department at Wake Forest University Baptist Medical Center and with the Phillips Collection in North Carolina.

Kelly Sullivan

Kelly Sullivan

Sullivan joins the firm as a broker, where she will work specifically with office properties in Nashville. Most recently, Sullivan worked as an office division broker at commercial real estate firm NAI Earle Furman in Greenville, SC. In May 2015, she graduated with a B.B.A. in business from Furman University. While earning her degree, Sullivan also completed an internship at National Land Realty.

Mixed Use Zoning To Be Sought For Buckner Lane Property in Spring Hill

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This press release was originally released on Aug. 17, 2016. 

Mixed Use Zoning To Be Sought For

Buckner Lane Property in Spring Hill

Series of Community Meetings To Be Scheduled
Before Rezoning Request is Submitted This Fall

 

SPRING HILL, Tennessee, August 17, 2016 – Southeast Venture, a Middle Tennessee diversified real estate company, announced today that it has been retained to seek rezoning of 780 acres fronting I-65 in Spring Hill owned by Buckner Lane Partners, LP.

The highly visible property is bounded on the east by I-65, on the west by Buckner Lane, on the north by Thompson Station Road and on the south by Twin Lakes Drive and Summit High School. In accordance with the City of Spring Hill’s new long-range planning document, “Spring Hill Rising 2040,” the plan will be to change the property’s zoning from agricultural to mixed use, explained Southeast Venture Principals Randy Parham and Wood Caldwell.

“In Spring Hill’s new long-range plan, the property is designated a “Gateway District,” which calls for a mixture of employment, retail, housing and entertainment choices. With the growth in the area, owners of the property believe that now is the time to put the land to its highest and best use. This rezoning fits perfectly with the mixed use vision for the property created by the residents of Spring Hill in their new long-range plan,” Parham said.

“But simply rezoning this acreage is not enough to assure that it is used in a way that will most benefit Spring Hill – it will also take input from city officials and community members, which is why we are planning a series of community meetings before the rezoning request is submitted this fall. This input will guide the development of an overall plan for the property,” Caldwell added.

“Whatever the final plan is, the owners have stipulated that, consistent with Spring Hill’s plan, it must be a walkable, pedestrian- and bicycle-friendly community. They also want any development to respect the environment, which means that natural features like the large pond and stream on the property will be preserved,” he added.

Spring Hill Mayor Rick Graham said he has met with the Southeast Venture principals and believes the rezoning of the property is consistent with the Gateway District designation and will enhance the community.

“Randy Parham, Wood Caldwell and their team have a long history of successful land developments. They made it clear to me that they intend to work closely with city officials throughout this rezoning process to assure that all voices are heard and that the plan which evolves from this process follows our ‘Spring Hill Rising 2040’ long-range plan and is focused on making Spring Hill a better place to live, work and raise a family. I look forward to working with my fellow aldermen to assure this 780 acres in the northeast corner of our city realizes its highest potential.”

Any Spring Hill area residents wanting more information on the proposed rezoning should contact either Randy Parham (rparham@southeastventure.com) or Wood Caldwell (wcaldwell@southeastventure.com) at Southeast Venture. Further information about Southeast Venture can be found at the Southeast Venture website at www.southeastventure.com.

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Nashville’s Warner Parks deserve to be treasured

(This article originally appeared in the Tennessean on June 8, 2016)

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In a city that’s quickly becoming more urbanized, Nashville is privileged to have one of the nation’s largest city parks— Percy Warner Park. The combined 3,100 acres of Percy Warner and its smaller and equally beautiful counterpart, Edwin Warner Park, compose America’s 19th largest park within a municipality.

The Warner Parks are one of Nashville’s greatest gems, granting residents access to luscious forests, hiking and cycling trails, picnic areas, scenic overlooks and much more.

In true Nashville style, the Warner Parks have only gotten bigger and better with time. In 2014, H.G. Hill Realty Company generously sold 250 acres of pristine old-growth forest, well below appraisal price, to Friends of Warner Park. The nonprofit turned the property — now called Burch Reserve — over to Metro for free, so that it could be used as an addition to Edwin Warner Park. I commend H.G. Hill for their generosity and efforts to preserve this valuable, unspoiled natural land.

Located north of Highway 100 across from Edwin Warner Park, Burch Reserve will extend Edwin Warner across the highway, and will include an underground pedestrian tunnel beneath the CSX railroad tracks. This new section of the park will be open to the public this fall.

H.G. Hill, along with Friends of Warner Parks, worked diligently to save from development this uninhabited land, which is considered one of the largest old-growth forests in an urban area in our region. Thanks to them, we will now be able to enjoy Burch Reserve’s native Tennessee wildlife and vegetation, such as oak and hickory trees, walnut trees and tulip poplars, for decades to come.

A true asset to Nashville, the Warner Parks provide a wide variety of things to do and see outside our small-big city. Boasting eight miles of bike trails and more than 10 hiking trails of varying lengths and skill levels, the Parks are a perfect place for a scenic afternoon ride or a sunrise run with friends. Percy Warner is also home to two public golf courses — the 18-hole Harpeth Hills Golf Course and the 9-hole Percy Warner Golf Course.

For the history buffs, the Warner Parks are listed on the National Register of Historic Places and are home to several Nashville landmarks. The Cedar Glen Spring House, the Hodge House and the World War I Memorial all tell great stories of Nashville’s past. The Allée/Belle Meade Steps are said to be the “front door” to the parks and make for a memorable and scenic climb.

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Wood Caldwell is managing principal of Southeast Venture, a diversified commercial real estate company. He writes about Middle Tennessee commercial real estate issues once a month for The Tennessean. Reach him at wcaldwell@southeastventure.com

Nashville proudly joins the NERDS crowd

(This article originally appeared in the Tennessean on April 25, 2016)

429871739_bdb9df5c37_oNashville has been dubbed one of the “NERDS” in 2016. An acronym standing for “Nashville, East Bay, Raleigh, Denver and Salt Lake City,” the NERDS were revealed in a recent report from Jones Lang LaSalle, a global professional services and investment management firm. These six cities are identified as hidden gems that have emerged in the market as up-and-coming hotbeds for innovation, expansion and population migration. It’s safe to say that Nashville is in good company!

The study takes an in-depth look at what makes each of the NERDS a rising star, comparing statistics among each city and against national averages. With nearly 1,500 people moving to Nashville each month and a record-breaking commercial real estate year in 2015, it’s not too surprising that Nashville made the list. Our city is booming.

The mass influx of new residents is supported by businesses’ desires to serve their needs. There were 37 business relocations and 117 expansions in the 2014-2015 fiscal year, according to the Nashville Area Chamber of Commerce. And thanks to a strong and steady economy, Nashville is positioned as a hub of innovation and entrepreneurship with a solid foundation to support growth for years to come.

Even though Nashville’s already earned its status as an “It-city,” the transformation has only just begun. In 2016, we can expect economic growth to the tune of $2.7 billion in capital investment dollars and 18,000 new jobs in Davidson County. It’s never been so cool to be a nerd.

Our largest industries, education and health services, provide jobs for nearly 200,000 people within city limits and another 200,000 in surrounding counties. And our largest employers, Vanderbilt University and the Vanderbilt University Medical Center, together employ more than 20,000 people. According to this research, Music City is very quickly earning a new title — Eds-and-Meds City.

Of course, this surge in our city’s growth is a huge boon to the commercial real estate market here. With over 120 cranes decorating our skyline at any given moment, and a multitude of projects on the horizon, the city’s built environment is changing rapidly and for the better.

There is one small caveat that accompanies rapid growth: high prices for both commercial and residential real estate. With all but 18.1 percent of the nearly 3 million square feet under construction already leased and a vacancy rate of less than 7 percent, prices won’t wane for the foreseeable future. The good news? A plethora of commercial and residential options outside of the city’s urban core are available for a fraction of the cost. There’s something for everyone in this city.

Looking ahead, I see Nashville’s inclusion in this study as a sign of promise and hope of what’s to come for our great city. There are new jobs being created. We are attracting well-educated and creative individuals. Our built environment is changing for the better to support this growth. I believe that through all of this, we will become stronger and more unified as a city, and that Nashville will remain the same little-big, or in this case little-bigger, city that it’s always been.

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Wood Caldwell is managing principal of Southeast Venture, a diversified commercial real estate company. He writes about Middle Tennessee commercial real estate issues once a month for The Tennessean. Reach him at wcaldwell@southeastventure.com

Welcome to the team, Kerry and Monika

Have you heard? Southeast Venture has added Kerry Osborne, AIA, NCARB, LEED AP, as director of design services and Monika Whittenburg, IIDA, LEED AP, as a senior interior designer.

Kerry OsborneOsborne will oversee design services alongside Paul Plummer, principal of design services, and Ginny Caldwell, director of interior design. Most recently Osborne served as director of the architecture department for AECOM, an engineering consultant firm in Indianapolis. There he worked on commercial and industrial projects in health care, hospitality, transportation and education.

Monika Whittenburg

Whittenburg will direct and collaborate with other design professionals on projects and manage projects throughout the entire design process. Her work at other firms included a strong emphasis on healthcare design, as well as corporate and educational projects.

Southeast Venture began offering interior design services in 2000. Our interior design and architecture teams work closely in designing multi-family, corporate and healthcare projects. Notable projects include 12 South Flats, Hill Center at Sylvan Heights, Concept Technology and MediCopy.

Nashville’s ‘it’ status is 35 years in the making

By Wood Caldwell

(This article originally appeared in the Tennessean on March 21, 2016)

In 1981, Ronald Reagan was president, Music City (and the world) was introduced to MTV and our commercial real estate firm opened its doors. The view through our doors has certainly changed in the past 35 years.

The Nashville skyline has transformed dramatically. The American General Tower (now Tennessee Tower) was the city’s tallest building in 1981, because the AT&T headquarters — aka “The Bat Building” — had not arrived. Other skyline-defining buildings missing in 1981 included 5/3 Center, One Nashville Place, Nashville City Center, Pinnacle at Symphony Place, the Schermerhorn Symphony Center, Bridgestone Arena, Viridian Tower, Encore, the Renaissance Hotel, Downtown Hilton Hotel, Omni Nashville Hotel, the Country Music Hall of Fame and Museum, and the Music City Center, to name but a few. Today, our skyline is ranked as the 12th most beautiful in the nation by Thrilllist.

Nashville Skyline Crop

The ground-level view of downtown has changed just as significantly for the better. Pockmarked with shuttered storefronts, strip clubs and porn shops, Lower Broad was far from a tourist Mecca. In fact, the Nashville Convention Center was built in the mid-1980s with no windows or doors on the Broadway side of the building because the street was such an eyesore.

The only real foot traffic downtown was on Second Avenue (then known as Market Street), where some enterprising entrepreneurs had purchased the old warehouses there and begun to transform them into retail stores, restaurants and office space. But even this part of town was largely deserted after dark. People just didn’t go downtown, no matter how much you enticed them, which was proven when a beautiful shopping mall was built where the downtown public library sits today. It lasted about two years.

The idea that the industrial area south of Broadway, now known as SoBro, or the grimy and depressed area near the railroad switching yard, aka The Gulch, would someday be home to some of the most valuable real estate in town would have been outlandish, had anyone been crazy enough to suggest this.

Union Station Hotel was still an abandoned train station. The Frist Center for the Visual Arts was still a post office. Cummins Station was an abandoned warehouse. The city’s largest strip club, the Classic Cat, was next door to Hume Fogg High School. The Hall of Fame was in a rather small, barnlike building on Music Row. Where the Roundabout Building is today sat a portion of Hank Williams home, which someone had moved there as a tourist attraction (though I never saw it attract anyone). There was no Music Row Roundabout, no “Musica” statue — just a confusing intersection of five streets.

Looking outside of Downtown Nashville, there was no Cool Springs and The Mall at Green Hills was a modest, one-story affair. In contrast, Hickory Hollow Mall was the highest grossing mall in the state and its cousin north of town, Rivergate, was also minting money.

For a night on the town, Hillsboro Village was the only urban, mixed-use part of town, and it was becoming the trendy restaurant hub of Nashville, thanks to pioneering restaurateur Jody Faison, who launched Faison’s in the early 1980s and essentially founded Nashville’s independent restaurant landscape. Within a few years, Randy Rayburn opened Sunset Grill, and Hillsboro Village’s restaurant run began in earnest.

The striking difference between then and now is the result of enlightened city leaders and local real estate visionaries working together to build a better city. It has been a privilege to have a front-row seat to this incredible transformation.

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Wood S. Caldwell is managing principal of Southeast Venture, a diversified commercial real estate company. He writes about Middle Tennessee real estate deals once a month for The Tennessean. Reach him at wcaldwell@southeastventure.com.