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.

Barry proposes land deal for Gulch-SoBro pedestrian bridge

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Source: The Tennessean 

Mayor Megan Barry’s administration is moving forward on plans to build a long-discussed $18 million pedestrian bridge that would connect downtown Nashville’s hip Gulch and SoBro neighborhoods after striking a preliminary deal to acquire land needed for its construction.

After months of negotiations, Barry is proposing Metro’s sale of the long-underutilized, 3-acre Clement Landport on Demonbreun Street to the nearby private office center Cummins Station for $7.56 million.

In exchange, the city would then pay $2.66 million to Cummins Station’s property owner for necessary easements to build and construct the east base of the 700-foot-long pedestrian bridge, which is conceived as a way to connect two growing neighborhoods that are severed by CSX railroad tracks.

The mayor’s office filed legislation with the council late Friday outlining the transaction, setting up a Sept. 20 council vote on the proposal.

The towering, architecturally eye-popping Gulch-SoBro bridge — celebrated by some, but scorned by others as an unneeded and expensive undertaking — was one of former Mayor Karl Dean’s final big-ticket capital items. But construction never started, even though the Metro Council voted to approve the project’s financing and initial land acquisition two years ago. Finalizing right-of-way acquisition, particularly involving land owned by Cummins Station, has held up the bridge from being built.

bridge-rendering

With the preliminary agreement now in place, Barry — who voted for the bridge as a councilwoman and has vowed to carry on the project as mayor — said the project is one step closer to becoming a reality.

“Once completed, the Gulch-SoBro Pedestrian Bridge will better connect residents and visitors to these thriving neighborhoods in a way that promotes tourism and economic activity,” Barry said in a statement. “Not only does this benefit our transit network for pedestrians, but the sale of the Landport will result in an infusion of capital funds to (the Metro Transit Authority) that will help to improve transit for bus riders throughout Davidson County.”

The Nashville Business Journal first reported on the deal between the mayor’s office and Cummins Station.

Zach Liff, president of Z-Integrated Capital & Management, which manages Cummins Station, declined to comment on the proposed transaction, which could open up development opportunities for Cummins Station on the Clement Landport site at 1011 Demonbreun St.

The high-profile property is across railroad tracks from the recently opened MarketStreet Enterprises’ Gulch Crossing office building. Liff is in the process of creating a master plan to guide the future development of properties he’s recently acquired around Cummins Station.

The Metro Transit Authority currently owns and operates the landport, which opened in 1998 after then-U.S. Rep. Bob Clement secured federal funds for the $4.6 million project. It was once conceived as the hub of a bustling regional passenger system in Nashville that would incorporate bus service, van pools and bicyclists.

From the outset, though, the landport struggled to draw activity and was later slammed by critics as a waste of taxpayer dollars. Today, the landport is used as a paid parking lot, and an MTA building on the site is vacant and locked shut. The site was last used for transit purposes in 2012.

Under Barry’s proposal, Metro government would purchase the landport from MTA for $8.4 million before the city would then sell the landport to Cummins Station. That sum matches the appraised value of the land. The funds generated from the sale of the landport are to be used for unidentified transit-related capital expenditures.

The landport site, which is toward the northern end of Cummins Station, does not sit on the footprint where the pedestrian bridge is targeted.

“The landport has been underutilized by MTA over the years, so this deal will help us to put our resources to best use in serving the citizens of Davidson County,” MTA CEO Steve Bland said in a statement.

“While we still must receive final approval from the Federal Transit Administration, we believe that the sale of this property and infusion of funds into our infrastructure are in the best interests of all Nashvillians who use our service.”

In October 2014, the council approved $1 million in initial land acquisition costs for the bridge, but additional right-of-way acquisition of property on the south end of the Cummins Station site has still been needed.

If the council signs off on the agreement between Metro and Cummins Station, the Metro Public Works department would begin working to engage the community on final designs of the bridge.

Though the Gulch-SoBro bridge is envisioned as a means to increase walkability between two neighborhoods that have carried the brunt of downtown’s recent growth, preliminary conceptual designs have called for a bold architectural plan that could make the bridge a destination itself.

A soaring 200-foot tower, visible across downtown, is to anchor the bridge on the SoBro end, with 30 multi-strand stay cables connecting the bridge to the tower. The bridge, 30 feet wide, also is designed to be accessible for bicyclists and pedestrians via staircases, ramps and glass elevators. It is to also feature bands of raised park space along its entire surface.

The Gulch-SoBro bridge has been a subject of criticism among Nashvillians who have demanded that more city investments should occur in neighborhoods, not just downtown. But after initially delaying a vote on Dean’s pedestrian bridge proposal in early 2014, the council months later voted 30-7 to approve land acquisition.

Easing concerns of council members was a restructured financing plan that relies on property tax revenues generated by seven Gulch properties that is to pay off debt on the bridge by 2022.

Read More Here .

 

Explore These Five Green Spaces In Nashville This Weekend

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If you’ve ever spent time in other cities across the country, you come to appreciate Nashville’s rolling hills and sprawling green spaces.

Nashville’s Greenway System is made up of more than 80 miles of off-street multi-use greenway trails and various other types of trails within parks for walking, hiking, mountain biking and equestrian use.

With more than 20 multi-use, paved trails located throughout Nashville, you’ll never run out of green spaces to explore.

Here are five of Nashville’s most unique Greenways and Trails to check out this weekend:

1. Cumberland River Greenway: Downtown

Riverfront 23.5 miles, paved

Riverfront Park, along the Cumberland River River Greenway, has become one of Nashville’s most popular and most photographed trailways. Take in unobstructed panoramic views of downtown Nashville from the Seigenthaler Bridge and walk along the Cumberland River and watch the sunset reflect off the water.

2. White’s Creek Greenway at Fontanel

Trails-Entrance.08 miles paved and 2 miles primitive

This trail is the perfect spot for a reflective afternoon walk with man’s best friend. Mars Petcare helped sponsor this dog-friendly trail, installing sensory points throughout the trail.  Along the trail, pass behind the Fontanel Mansion, the former compound of famed country singer Barbara Mandrell.

3. Harpeth River Greenway: Warner Park to Morton Mill

Harpeth

6 miles paved

This scenic trail is accessible from two trailheads in Edwin Warner Park and follows the beautiful Harpeth and Little Harpeth Rivers. There is also an expansive picnic area. This greenway is ideal for runners and bikers, as foot traffic is more spread out along the trail.

4. Centennial Park

IMG_6101

photo credit: Kevin Schlatt

2.3-miles paved

This trail within Nashville’s most photographed urban park is perfect for an early-morning or afternoon walk. Make a few laps around the 132-acre park and be sure to take a selfie in front of The Parthenon, Nashville’s most iconic landmark. This trail is better suited for walking than jogging because of the foot traffic, tourists, dog walkers, etc.

5. Fort Negley Historic Park

fort negley0.5 miles paved loop

Fort Negley is one of Nashville’s best-kept secrets. Where else in Nashville can you visit a historical landmark while exploring the great outdoors? Fort Negley Historic Park is a short trail perched above Wedgewood-Houston. The park also has excellent downtown views.

Nashville’s Greenways continue to evolve and there are several plans for expansion in the near future (see Nashville plans next vision for parks,greenways ). We don’t know about you, but we’re proud to live in a city with such beautiful public green spaces. So, get out there and explore Nashville!