Tennessean: Greenways attract Nashville home buyers, developers

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SOURCE: Tennessean

Victor Wilson looks forward to eventually riding his bike on a greenway from his home in the Nations on Nashville’s west side to events downtown or to a public transit stop on nearby Charlotte Pike without ever having to be on a street with cars and other vehicles.

“We could ride our bikes and go to (Nashville Sounds) ballgames in Germantown or Live on the Green” musical performances at the Metro Courthouse, he said.

“If we could get there on a greenway, I’d do it,” said Wilson.

As Nashville’s system of greenways grows, it will make the city more walkable and bikeable and become an alternative means of transportation connecting parks, neighborhoods and the transit system, said Mark Deutschmann, founder of Village Real Estate Services and Core Development Services. He also is chair of Urban Land Institute Nashville and board president of Greenways for Nashville.

Connecting corridors in Nashville

“I believe connecting corridors and connecting important neighborhood commercial districts like 12South and Melrose creates tremendous impact. People want to live in walkable neighborhoods and need opportunities to get to our transit system,” said Deutschmann.

“Walkability allows an opportunity for affordable living, since transportation is typically the number two expense of a household. As the chair of the Urban Land Institute Nashville District Council, we have identified transportation, healthy corridors and affordable living as our top priorities,” he said.

Homeowners want more greenways

Homeowners are increasingly attracted to neighborhoods near parks and greenways. Village Real Estate is marketing homes in a number of communities including East Greenway Park, a 62-unit cottage subdivision adjacent to Shelby Bottoms in East Nashville; Poston on the Park, a high-end 27 unit condominium at Centennial Park; and Alloy, a new condo development near the Fairgrounds and the soon-to-be-built Browns Creek Greenway.

The company is also marketing City Lights, a condo building on Rutledge Hill with access to the Rolling Mill Hill Greenway and the growing urban greenway system, Deutschmann said.

Mike Berry, whose family was the first to move into Ole South’s new Vista subdivision in Whites Creek, believes being near Beaman Park adds value to their new home. He and his wife, CaTyra, enjoy spending time with their young children in the 1,700-acre park. The city is expanding the nearby Whites Creek Greenway.

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Nashville Business Journal Exclusive: These seasoned brothers are cooking up a restaurant near downtown

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Nashville Business Journal recently shared a story about plans for CityLights new restaurant with its readers. According to the article, the Revelette Brothers, the duo behind Jonathan’s Grille, will open a high-quality, classic American grill in CityLights modern lobby-level space. While the restaurant will be a different concept than the Jonathan’s Grille sports bar franchise, it will have an approachable and affordable vibe. Read the full article below.

Source: Nashville Business Journal 

Curt and Mason Revelette aren’t sure what they’re going to call their next restaurant yet, but they know where it’s going.

The brothers behind Jonathan’s Grille have inked a deal to open a restaurant in CityLights, a condo development under construction at 20 Rutledge St. The as-yet unnamed project will occupy about 5,500 square feet inside, Curt Revelette said in an interview Monday, with glass walls on three sides and a large outdoor patio.

The new restaurant – described by Revelette as a “high-quality, classic American grill” – opens a new chapter for the brothers, who have spent the past several years growing the reach of their upscale sports bar chain with new locations. But while the CityLights restaurant will feature a different vibe than Jonathan’s, Revelette said it will still be “approachable and affordable.”

Rising seven stories and including 71 condos, the CityLights project is backed by an investor group including Don Meeks, a Houston-based architect who designed the building.

In a phone interview Tuesday, Meeks said the building is about 50 percent sold out, with 32 units under contract and another four being negotiated. Nashville’s Village Real Estate Services is handling the sales effort.

“We couldn’t be happier with the Revelettes,” said Meeks, who has worked with the family on previous projects in the area.

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A New Trend in Today’s Condo Market: Lock and Leave Living

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For most homebuyers, simplicity is key. According to ProbBuilder.com, the feature homebuyers most look for is a simple design and layout with a modern, streamlined feel. Homebuyers seek simplicity not only when it comes to design but also when it comes to their lifestyle. Most condo dwellers travel often — either for business or for leisure, and need a property that requires less maintenance and more amenities that help minimize daily stress.

Condo buildings like CityLights in downtown Nashville and Poston at the Park are embracing the lock and leave trend and offering residents a variety of onsite services and building features that help them lead a simpler lifestyle like an onsite restaurant, concierge service, business center, and more.

“Over the past few years, we have consistently seen more people moving to Nashville’s urban core — especially baby boomers and empty nesters,” said Mark Deutschmann, President and CEO of Village Real Estate. “Their desire to move downtown is rooted in convenience and choosing to lead a simpler way of life. We also find that this type of buyer prefers to travel often and this way of life gives them the ability to travel with confidence, knowing there are services in place to take care of things while they are away.”

To learn more about the simplicity of condo living, contact our sales team at CityLights today. http://citylightstn.com/contact/ 

CityLights to Participate in Downtown Home Tour on April 23

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CityLights is thrilled to announce its participation in this year’s Downtown Home Tour sponsored by the Nashville Downtown Partnership. The tour showcases living spaces in historic and rehabbed buildings along with homes in brand new projects in vibrant downtown Nashville.

The tour is self-guided and will highlight several properties throughout downtown. You may visit any of the participating sites between 1 and 6 p.m. Complimentary parking and shuttle rides are also offered at Commerce A and B garages. More info here.

We invite you to stop by CityLights to explore our designer finishes and luxe amenities. Meet with our sales team and walk away with materials and free promotional items. Light fare and drinks will also be served.

Tour map: http://www.nashvilledowntown.com/live/live-it-up-downtown-home-tour/downtown-home-tour-map 

Home tour tickets are $10 and may be purchased here.

Seven New Projects Coming Soon to Downtown Nashville

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From restaurants and bars to hotels and full-experience venues, there has been a lot of buzz recently around several new projects that are coming soon to downtown Nashville.

Check out our condensed list of upcoming projects slated to open over the next two years in downtown Nashville.

1. SoBro Wine and Spirits

Location: 209 3rd Ave. S., In the Encore Building next to Daily Juice Café

Proposed Opening Date: End of February 2017

The 1,700 square foot space will feature higher-end wine and spirits. Store owner, Armen Nadryan, said while higher-end wine and spirits will be the shop’s focus, he will also offer some beer options. He is considering a growler fill station featuring craft beer, much like the version Mardonov operates at Metropolitan Wines & Premium Spirits in the L&C Tower.

More info: http://www.nashvillepost.com/business/retail/article/20848681/sobro-wine-shop-to-open-by-februarys-end

2. Black Rabbit

Photo courtesy of the Farm House restaurant and bar

Location: 218 Third Ave. N.

Proposed Opening Date: Spring 2017

Farm House Restaurant chef/owner, Trey Cioccia, will bring his Southern flair to Black Rabbit’s menu. According to the chef, the restaurant will serve specialty cocktails and creative plates. Work has begun on the interior space of the downtown masonry building where the restaurant/bar will be housed, located on the fringe of the city’s popular The District. The restaurant will hold 122 guests and 20-30 on the outdoor patio.

More info: http://www.tennessean.com/story/life/2016/10/31/farm-house-chef-open-black-rabbit-near-printers-alley/93010304/

3. Gray and Dudley Restaurant

Photo courtesy of 21c Museum Hotels

Location: Inside the new 21c Museum Hotel Nashville at 221 Second Avenue North — Restaurant entrance off Banker’s Alley

Proposed Opening Date: May 2017

As a nod to the area’s history, Gray & Dudley is aptly named after the building’s original tenant, the Gray and Dudley Hardware Co. According to a recent press release, The Gray & Dudley menu will be largely communal, to encourage sharing, and head chef Levon Wallace will utilize an eclectic approach with a variety of influences, “inspired by the Mediterranean, regions of France and Italy and his own West Coast roots.” Gray & Dudley will serve breakfast, lunch, and dinner daily as well as weekend brunch, in addition to providing all banquet and catering services and in-room dining for 21c Nashville.

More info: http://www.visitmusiccity.com/pr_grayanddudley0217

4. Ole Red Nashville

Photo courtesy of Ole Red website

Location: 300 Broadway

Proposed Opening Date: 2018

Blake Shelton recently announced a partnership with Ryman Hospitality Partners to create a $20 million multi-level entertainment venue in the heart of Nashville. The 26,000 square foot bar and event space will include a two-story bar, restaurant, retail area, performance space, dance floor and VIP booths for small groups, plus a private event space and a 6,000-square-foot rooftop area featuring an indoor/outdoor bar and restaurant.

More info: http://www.olered.com/plans/

5. August Moon Indoor Drive In

Photo courtesy of August Moon Drive-In

Location: East Nashville Parking Lot Across from Nissan Stadium

Proposed Opening Date: Summer 2018

Nashville will soon be able to flaunt the largest non-iMax movie screen in America — not to mention one of the country’s only indoor drive-in theaters. According to August Moon’s website, the 60s-era inspired concept was conceived as a mini indoor theme park that transports people in space and time to a quintessentially American experience. The seating for the experience will feature a  variety of seating options from reserved seating in a vintage car to a picnic blanket under the stars. Classic movies and first-run movies will be screened at August Moon.

More info: https://augustmoondrivein.com 

6. Whole Foods

Photo courtesy of Whole Foods

Location: Northwest corner of the intersection of 12th and Broadway

Proposed Opening Date: Q4 2018

According to a recent Nashville Downtown Partnership residential survey, Nashville’s urban dwellers cited grocery stores as the most-needed resource downtown, especially when the downtown Nashville population is expected to exceed 10,254 by the end of 2017. Whole Foods may be one of the first chains to come to the rescue of downtown dwellers, as the company recently announced plans for its 41,500 square foot location at the intersection of 12th and Broadway.

More info: http://media.wholefoodsmarket.com/news/whole-foods-market-plans-downtown-nashville-store 

7. 21C hotel

Photo courtesy of 21c Museum Hotels

Location:223 3rd Avenue N. (Printer’s Alley)

Proposed Opening Date: Spring 2017

The 21C Museum Hotel brand is known for its modern design and luxe artistic spaces. According to its website, 21c Museum Hotel Nashville will bring 10,500 square feet of contemporary art-filled exhibition, meeting and event space to downtown Nashville. The hotel will transform Printer’s Alley’s historic Gray and Dudley Building into a contemporary art museum, hotel, restaurant, and bar. The 124-room hotel is set to open this spring.

More info: http://www.21cmuseumhotels.com/nashville/

CityLights Breaks Ground With Help from Mayor Megan Barry

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On Dec. 9, 2016, Mayor Megan Barry and Metro District 19 Councilman Freddie O’Connell joined the CityLights development and sales teams to break ground for the $73 million, seven-story, 71-unit boutique condominium development that will overlook downtown Nashville and the Cumberland River.

(L-R) Kelly Perdue of Wilson Bank & Trust, Joe Owen, Councilman Freddie O'Connell, Mayor Megan Barry, Mark Deutschmann of Village Real Estate, Chance Ragains of Patoka Capital, Richard Rhea, and Craig Johnson of R.G. Anderson

(L-R) Kelly Perdue of Wilson Bank & Trust, Joe Owen, Councilman Freddie O’Connell, Mayor Megan Barry, Mark Deutschmann of Village Real Estate, Chance Ragains of Patoka Capital, Richard Rhea, and Craig Johnson of R.G. Anderson

Joe Owen, managing member of Rutledge Development LLC, introduced Chance Ragains, CEO of Patoka Capital. Patoka Capital, Owen and Don Meeks, CEO of Meeks +Partners, are principal investors in the CityLights development. Meeks + Partners is the Houston-based architectural firm that designed the luxury residences and the complete City Lights development.

Joe Owen of Rutledge Development LLC welcomes guests, recognizes contractors, and provides a project update.

Owen also announced the developer has received a loan commitment from Wilson Bank and Trust and introduced bank representatives in attendance.

“With equity and debt financing being committed and approximately 40 percent of the units pre-sold, we are ready to break ground and anticipate completing the construction of CityLights and its luxurious residences, restaurant and amenities during the next 18-22 months,” Owen said.

Located just south of Ascend Amphitheatre at the corner of Lea Avenue and Rutledge Street, the condo prices start in the $500s and units will average 1,800 square feet up to 2,600 square feet for two- and three-bedroom condos. Four penthouses with four bedrooms will be between 3,200 and 3,400 square feet. Each unit includes two parking spaces in a secured underground garage and a storage unit. In addition to a rooftop terrace and sky lounge, amenities will include a saltwater swimming pool, terrace and a green roof, 24-hour concierge, a rooftop dog park, a fitness facility with private yoga studio, a conference room, a club room and a guest suite. The building will be anchored by a restaurant with a 1,500-square-foot deck overlooking downtown and the Cumberland River.

Mayor Megan Barry celebrates Nashville’s urban core and its residential growth.

Mayor Megan Barry gave brief remarks at the ceremony and stressed the importance of new residences like CityLights in downtown Nashville. “Having a strong vibrant urban core is critical for Nashville,” said Barry. District 19 Council Member, Freddie O’Connell reiterated the Mayor’s sentiment. “Projects like this are going to help the city re-imagine urban living,” O’Connell said.

Mark Deutschmann welcomes guests to the groundbreaking ceremony.

Mark Deutschmann welcomes guests to the groundbreaking ceremony.

“CityLights is in an incredible location, with easy access to event venues, Riverfront Park and our greenway system, which is becoming more fully developed each day,” Mark Deutschmann, CEO of Village Real Estate, which is marketing CityLights, said. “Location, distinctiveness, amenities and the opportunity for an active and healthy lifestyle are attracting both in-town and new-to-town buyers to this urban condo.”

The CityLights sales center will be relocated from the construction site to a new location to be announced in the coming days. It will be open on weekends and by appointment.

The RG Anderson Company is the general contractor for the boutique condominium development. Other Nashville projects in the company’s portfolio include Ryman Lofts on nearby Rolling Mill Hill, The Dallas on Elliston Place and Uptown Flats. CityLights buyers, Downtown Nashville Partnership members, and area REALTORS joined the project development and sales teams at the groundbreaking event. To learn more about CityLights, visit www.citylightstn.com .

More information about CityLights is available at www.citylightstn.com.

Nashville Business Journal: Crucial loan kickstarts downtown’s newest luxury condo development

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Source: Nashville Business Journal

After two-and-a-half years of work, Don Meeks is starting construction on a luxury condo building in downtown Nashville — buoyed by a new bank loan and the sizzling growth in the city’s urban core.

Condo buyers have reserved 40 percent of the 71 units in the forthcoming CityLights building at 20 Rutledge St., said Meeks, who is a Houston architect and a key investor in the development. That activity was sufficient to secure a loan to fund construction of the roughly $73 million building from Wilson Bank & Trust, Meeks said.

Though Meeks had hoped to start construction months earlier, there’s reason to believe his timing won’t be hurt by that delay. About 9,600 people are expected to live downtown by year’s end, according to projections from the Nashville Downtown Partnership. That’s a 40 percent jump in four years. The partnership expects another 2,800 to move downtown in 2017. Such growth in such a short time has soaked up downtown apartments and condos. The Twelve | Twelve high-rise in the Gulch sold out of its 286 units in April, and currently, downtown has a three-month supply of condos available for purchase — half the amount usually considered healthy or balanced, the partnership says.

The partnership also reports that people living downtown are increasingly affluent. Buyers are able to hold a condo in the CityLights building with a deposit in escrow equal to 10 percent of the unit’s sale price. One of the building’s four penthouses is reserved; each of those units, at about 3,400 square feet, is priced between $2.5 million to $3 million.

Most of the units reserved so far will sell for between $500 to $600 per square foot, at an average size of 1,900 square feet, Meeks tells me. Once half of the units are reserved, Meeks said he anticipates raising prices by about 5 percent.

“It shows that Nashville is a major player among major cities in the United States. Sales prices per-foot are up there with Dallas and Houston and Denver and Charlotte and Atlanta, so again, Nashville is a fantastic market,” Meeks said. “Nashville is as strong and sophisticated as any market, and is demanding a higher level of quality.”

Along with Meeks, core investors in the development include Louisville private-equity firm Patoka Capital, as well as Joe Owen, the CEO of Brentwood-based Guardian Healthcare. Nashville’s Village Real Estate Services is handling the sales effort.

A groundbreaking ceremony is scheduled Dec. 9 for the seven-story building, which will include a restaurant, pool, two rooftop terraces, a gym and other amenities, Meeks said. A previous letter of intent for the restaurant space has expired, and Meeks said he is scouting new food concepts for the space. The eventual restaurant will provide room service for condo owners and also cater events they hold at the building, he said.

RG Anderson will handle construction, which should finish in summer or fall of 2018, Meeks said. The building is located behind the popular Crema coffee shop at the southern edge of downtown, and near noted restaurant Husk.

Meeks had hoped to start construction about three months ago, but he said it was tough to lock down a contractor who wasn’t covered up with work, and get Metro to process the necessary permits. Both are reflections of how the city is inundated with construction in its “It City” boom ( as seen on our Crane Watch map).

“The city of Nashville is just swamped. It’s taken us over six months to get a permit — it’s just taken that long for them to get to it. I’m sure you’ll hear that from a lot of other developers,” Meeks said.

For the full article and more images, click here.

 

Condo Living in Nashville’s Urban Core Increasing in Popularity

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Across the country, baby boomers and millennials alike are choosing a simpler lifestyle by downsizing from multi-family homes to luxury condo buildings. In fact, according to the Greater Nashville Association of REALTORS, condo closings in Nashville are up by 14 percent this year compared to just one year ago.

In addition, residents are choosing to live closer to Nashville’s urban core. More than 1,000 new residents have moved to downtown Nashville in 2016 alone and the downtown population is projected to grow by 29 percent by the end of 2017.

Hidden Innuendo

Walkability and the overall urban experience rank among the most common reasons individuals are choosing to move downtown, according to the most recent Downtown Nashville Residential Report. According to Mark Deutschmann, Village Real Estate Founder and CEO, interest in downtown luxury condos has increased in recent years. “There are many benefits to a boutique condo building, including convenience and little maintenance,” said Deutschmann.”Buyers are enthusiastic about being close to all of the action downtown. We are also seeing buyers — both in-town and new-to-town — who want to simplify by trading a big house outside of town for a luxury boutique building in the heart of town with upscale amenities.”

Quiet Soft Desire

Would you like to simplify and live downtown? To learn more about CityLights convenient downtown location and upscale amenities, visit www.citylightstn.com.

Source: Downtown Nashville Residential Report 

Dinner on the Bridge Event Celebrates Nashville’s Greenways

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The sun is setting behind the “Batman” building and the orange afterglow reflects perfectly on the Cumberland River below. A feasting table, elegantly set for 400 guests, runs down the center of the expansive and modern Seigenthaler bridge. Aerialists gracefully hang from the bridge’s beams as guests are invited to take their seats for a three-course meal overlooking the Nashville skyline. The stage has been set for one of Nashville’s most unique events, Dinner on the Bridge, an annual event that serves to raise money for Greenways for Nashville, a non-profit organization that supports Nashville’s greenways initiative.

dinner-on-the-bridge-2

Photo courtesy of Greenways for Nashville

Greenways for Nashville President, Mark Deutschmann, welcomed guests and talked about the importance of supporting Nashville’s trails and green spaces. In addition, Mayor Megan Barry addressed the group and shared a story about three important items that Mayor Karl Dean bequeathed to her that would become important to her term. One unusual item Dean left behind was a walking stick, as he told her she would be doing a lot of walking along Nashville’s beautiful trails during her term. In addition, Mayor Barry expressed her avid support for the Greenways and Greenways for Nashville.

dinner-on-the-bridge-table

Photo courtesy of Greenways for Nashville

Dinner commenced around 8:00 p.m. and guests were encouraged to mingle and savor miniature desserts at stations set up along the bridge. Guests conversed under the Seigenthaler Bridge’s warm glow and lingered as if they didn’t want the evening to end.

Dinner on the bridge is a once in a lifetime experience that is not to be missed. The date for next Year’s Dinner on the Bridge has not yet been set but the event traditionally takes place the last week in September. Continue to check the Greenways for Nashville website for updates.

dinner-on-the-bridge-3

Photo courtesy of Greenways for Nashville

This event — a stone’s throw from CityLights — is not to be missed. To learn more about Greenways for Nashville and next year’s Dinner on the Bridge, visit http://greenwaysfornashville.org.

Construction Preparation Work Begins at CityLights

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Construction preparation work has begun at CityLights. The gravel driveway has been laid for construction vehicles to enter and exit the site. In addition, the construction fencing has been posted.

CityLights is expected to be completed in the first quarter of 2018. We will continue to provide building updates in the coming months. CityLights is more than 30 percent sold.

To reserve your CityLights condo, contact us today.