CityLights to Participate in 2018 Downtown Home Tour

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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 Noon and 5 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 the building, designer finishes, and luxe amenities. Meet with our sales team and walk away with materials and free promotional items. Snacks and water will also be available.

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.

The Rutledge Restaurant to Anchor Downtown CityLights Condo Development

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The 185 seat restaurant in the seven-story CityLights condo development is currently under construction, but has been officially dubbed ‘The Rutledge,’ named after it’s street address (20 Rutledge Street). Under the direction of seasoned Nashville restauranteurs Curt and Mason Revelette it is being conceived serving a classic American menu and boasting a contemporary setting with a sophisticated dinner vibe.

While the brothers have known success in the form of their upscale sports bar Jonathan’s Grille, they see The Rutledge not just as an opportunity to open another restaurant, but the chance to open a completely different concept with a more refined menu, posh atmosphere, and in a new downtown location.

“The Rutledge will be an upscale, American concept focused on the guest experience,” says Mason Revelette. “From fresh, quality ingredients and preparation, to polished service and modern design, it will be approachable, affordable and will incorporate some of the best practices I learned while working in restaurants such as Houston’s and Hillstone in Los Angeles.”

Located on the ground floor of CityLights, The Rutledge is being designed by Nashville architect, Nick Dryden of DAAD who is also responsible for other Nashville concepts such as Prima, The 404 Nashville and Noelle. At the Rutledge, Dryden will incorporate a “current” feeling by using high ceilings and glass walls on three sides, one which will feature accordion style doors opening to the outdoor patio which will allow guests to enjoy the sights and sounds of concerts at Ascend Amphitheater, Titans Stadium and the downtown skyline.

“My brother and I have been passionate about doing this for quite some time,” says Curt Revelette. “The timing and location of CityLights is a perfect fit for what we want to do – become a staple of the  area, and downtown.”

The Rutledge will also provide room service for residents of the adjoining 71-unit building. Thirty-nine units are currently under contract, according to Village Real Estate Services, which is handling sales and marketing for the boutique development that will be completed by the end of 2018.

“We are thrilled to be anchoring CityLights and in a prime location overlooking Ascend Amphitheatre,” said Curt Revelette. “This area of town is transforming with exciting projects planned for Rolling Mill Hill and the riverfront area and we are delighted to be part of the transformation.”

A Spring 2019 opening is anticipated for The Rutledge.

Units in CityLights 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 The Rutledge, amenities include a rooftop terrace and sky lounge, a swimming pool terrace and a green roof, a fitness facility, a conference room and a clubroom.

CityLights is designed by Houston-based architecture firm Meeks + Partners. Don Meeks and three investors are developing the project. RG Anderson is the general contractor.

Comparing Luxury Condo Prices Throughout the U.S.

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We know that Nashville has one of the hottest real estate markets in the U.S., but how do luxury condo prices per square foot compare in other markets throughout the U.S.? You might be surprised! We have compared some of the hottest new construction luxury condo listings in the nation. Take a look at how they compare to your local listings.

CityLights | Nashville, TN

Boutique luxury condo residence in downtown Nashville with city skyline views. 7 stories, 71 residences with rooftop terrace, fitness center, saltwater lap pool, and in-house restaurant. 

Average $/SF (available units) = $547

Chateau Beach | Sunny Isles Beach, FL

Ocean and city skyline views.  33 stories over 22,000 SF indoor & outdoor amenity space, 84 residences.

Average $/SF (available units) = $1,630

75 Park Lane| Jersey City, NJ

37-story, 358-unit residence with views of the Big Apple’s skyline.  

Average $/SF (available units) = $1,272

Escala | Seattle, WA

Views of the Olympic Mountains, Puget Sound, and downtown Seattle. 31 stories, 269 residences with outdoor patio, fitness center, and in-house restaurant. 

Average $/SF (available units) = $943

Seaholm Residences | Austin, TX 

Lake and city views.  22 stories over 22,000 SF indoor & outdoor amenity space, 280 residences.

Average $/SF (available units) = $688

The Coloradan | Denver, CO

New construction in the heart of Denver. 294 residences, and 7 unique penthouses. Views of downtown, Coors Field, and the mountains, and will feature 22,000 square feet of thoughtfully-curated ground floor retail and restaurants.

Average $/SF (available units) = $629

 

Demand for condos soars in Nashville region

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Source: Tennessean

New population estimates from the U.S. Census Bureau show the Nashville metro statistical area added 36,337 people during the one-year stretch that ended July 1, 2016, meaning the region grew by an average of 100 people a day over those 12 months. 

Lauren Jacobs bought her condo in downtown Nashville’s Encore building because of its convenient location, lock-and-leave lifestyle and amenities including 24-hour concierge service.

It turned out to be a good investment, as well. Five years later, Jacobs is selling her condo and expects to nearly double her money.

“I’m very pleasantly surprised,” she said.

Her Realtor, Exit Realty Elite co-owner Kel Williams, isn’t surprised at all. He expects demand for downtown condos to grow even stronger with the opening of Bridgestone America’s new headquarters, where more than 1,700 people will work. Many are transferring from out of state, and some of them are looking for a nearby condo to rent or purchase.

“I’ve already had people contacting me,” said Williams.

Condos are flying off the shelves across the Nashville region, from lakeside residences in Gallatin’s Foxland Harbor neighborhood to Franklin’s Westhaven and Berry Farms master-planned communities.

To meet demand, builders are bringing more to the market. Prices range from $199,000 at Solo Lofts on Dickerson Road and $234,900 at Core Development Services’ planned Segment at Pillow in the Wedgewood-Houston neighborhood to more than $1 million at the new 1212 building on the edge of the Gulch.

CityLights is Nashville’s newest downtown condo project. Source: CityLights

Developer Bruce McNeilage expects demand for Solo Lofts to mirror Solo East, the condo development at 1118 Litton Ave. in East Nashville.

“At Solo East, we sold 34 condos in two hours,” said McNeilage, a partner in Harpeth Development.

“There is a strong appetite from buyers. Many people can’t afford a house and are willing to live in a smaller space,” he said.

Core’s plans for Segment in Wedgewood-Houston include 26 flats and eight townhomes. The company expects to begin site work next month at the corner of Merritt Avenue and Pillow Street. Village Real Estate service has begun pre-selling residences.

Flats will range from 742 square feet to more than 1,000 square feet. Some will have rooftop decks or balconies.

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