Tag Archives: retail

A Look at Cool Springs After its 30th Anniversary

Cool Springs was the brainchild of Southeast Venture founders George Volkert and Dick Sorenson. It’s almost unbelievable to think that it’s been 30 years since ground was broken for the Cool Springs interchange in 1987. The official anniversary was on November 12, 2017, which was serendipitously Dick Sorenson’s birthday.

The Cool Springs area has come a long way in 30 years, from thousands of undeveloped acres of open fields to 7.5 million square feet of office space – a close second to downtown Nashville.

Once the interchange was approved by the Department of Transportation, the partnership sold property to CBL & Associates from Chattanooga to develop the Cool Springs Galleria. That put us on the map as the company responsible for the original master plan and beginning execution of Cool Springs.

A Nashville Post article, published in conjunction with the November anniversary, revealed that the development once was known as Park65, but the name Cool Springs was chosen instead for a nearby landmark, the Cool Springs Farm, which included a historic home, now relocated to Crockett Park.

Former Southeast Venture President George Volkert promised at the groundbreaking that the 1,150-acre Cool Springs project would create 16,000 jobs and more than $200 million in city and county tax revenues over 20 years, and that promise has surely been met.

Breaking ground on the interchange set the stage for a major regional hub outside of Davidson County. Developments have now expanded to both sides of Interstate 65 in Cool Springs, including several luxury hotels, shopping centers (in addition to the mall), business parks, office buildings, big box retailers, low-rise apartments, condominiums, restaurants and car dealerships.

It has become a regional center, drawing people from across Middle Tennessee, southern Kentucky and northern Alabama.

One of our first large-scale projects, we never could have imagined the explosive growth that has taken place in Cool Springs. We look back at this development fondly and are excited to see how the area continues to expand for years to come.

Advertisements

2014 Middle Tennessee CRE Sectors Outlook

Survey: Retail tops the insiders’ list of the most promising sectors

(third of three posts)

This is our last post detailing the results of our CRE survey. Responders were asked to predict how each sector of Middle Tennessee commercial real estate would perform in 2014 compared to 2013.

Retail topped the list of commercial real estate sectors, with 83 percent of responders predicting that the retail sector will perform better or much better in 2013 than last year. Office (75 percent), land (71 percent), industrial (59 percent) and investments sales (52 percent) were also viewed as growth sectors, with a majority of responders expecting better or much better performances in 2014 compared to 2013.

Screen Shot 2014-01-24 at 2.55.52 PM

The multi-family and real estate-owned sectors enter 2014 less optimistically, with 54 and 78 percent, respectively, of responders predicting that these sectors would perform the same, worse or much worse than 2013.

Check out the 2014 Sales Outlook.

Check out the 2014 Leasing Outlook.

Nashville CRE Week in Review: Week of Oct. 14

Nashville CRE Links

  1. Mix of stores coming to East Nashville’s new Shops at Fatherland — Nashville Business Journal (link)
  2. Music City Center area investor plans massive campus to attract ‘creative class’ — The Tennessean (link)
  3. Old convention hall will stay busy after Music City Center opens — The Tennessean (link)
  4. Planner lays out vision for SoBro area — Nashville Business Journal (link)
  5. Retail, music projects pitched for Nashville Convention Center — Nashville Business Journal (link)

Nashville CRE Week in Review: Week of July 29

Nashville CRE Links

  1. Area retail market treading water — Nashville Post (link)
  2. Brazilian steakhouse headed downtown — Nashville Post (link)
  3. Developer of massive Biltmore project files Ch. 11 — Nashville Business Journal (link)
  4. Hyatt Place groundbreaking set for Tuesday — Tennessean (link)
  5. SoBro tower gets new design — Nashville Post (link)

Nashville CRE Week in Review: Week of July 15

 

Nashville CRE Links

  1. Boyle sells military processing building for $3.5 M — Nashville Business Journal (link)
  2. Hearing Bridges’ SoBro site sells for $2.75 M — Nashville Business Journal (link)
  3. Metro issues $32 million permit for SoBro’s Hyatt Place — Nashville Business Journal (link)
  4. Retail project set for former Calhoun’s site on White Bridge — Nashville Business Journal (link)
  5. The Factory at Franklin landmark mall is sold — Tennessean (link)

 

 

 

 

Nashville CRE Week in Review: Week of July 1

Nashville CRE Links

  1. Antioch retail strip sells for $3.5 million — Nashville Business Journal (link)
  2. Green Hills office building sells for $2.8 million — Nashville Business Journal (link)
  3. Nashville’s retail real estate market lags other sectors — Nashville Business Journal (link)
  4. Rolling Mill Hill slated for next residential building — Nashville Post (link)
  5. Velocity sale more proof of Nashville’s white-hot rental scene — Nashville Business Journal (link)

Nashville CRE Week in Review: Week of May 27

Nashville CRE Links

  1. 7 Questions answered about Gaylord’s Marriott deal — Nashville Business Journal (link)
  2. HealthSpring campus marks growth for Nashville’s MetroCenter — Nashville Business Journal (link)
  3. Market Trend: Nashville’s Retail Vacancy Decreases to 7.2% — The CoStar Group (link)
  4. Marriott buying Gaylord brand — Nashville Post (link)
  5. Nashville hotels sprucing up — Tennessean (link)