8 Important Things We Learned from The 2016 Downtown Nashville Residential Report

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Earlier this week, the Nashville Downtown Partnership released its 2016 Downtown Residential Report. At right under 15 pages, the report is a little more extensive than light lunch break reading material.  So, we’ve done you a solid and provided you with the Cliffs notes. Here are 8 things you need to know about the report.

1. Downtown Nashville is still growing…and rapidly

According to Nashville Downtown’s Residential Report, Nashville’s downtown population is expected to grow 16 percent by the end of the year and another 29 percent by the end of next year. When compared to cities like Austin, Indianapolis, and Memphis, Nashville has the strongest planned residential growth over the next year and a half.

2. The accolades keep coming for Nashville

It seems that Nashville is recognized with a new award every week. We don’t like to brag, but Nashville is pretty cool. Nashville was recently ranked Fifth most popular city in the nation by Travel and Leisure; Fourth biggest city for jobs by Forbes; the Nation’s strongest housing market; one of America’s hottest cities by Business Insider; and “Best Places to Live” by U.S. News and World Report.

3. Nashville’s downtown population and residential units still lag behind peer cities but are gaining momentum

Hidden Innuendo

While Nashville had more than 6,000 residential units available in 2016, Charlotte had the most with more than 9,000 and Austin had more than 8,900. When it comes to downtown residents, Nashville residents also lag behind peer cities — Nashville has about 9,000 downtown residents. Charlotte and Austin average about 14,000 downtown residents. However, the report projects that Nashville will grow to 12,000 residents by 2017.

4. Downtown high-rise properties continue to appreciate in value

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Condominiums make up 47 percent of downtown housing. According to the report, price per square foot of downtown condos has appreciated since 2011. An assessment of four downtown high-rise properties (Viridian, Encore, Icon, and Twelve Twelve) showed that price per square foot consistently increased in all four properties annually since 2011 — the weighted average being more than $470 per square foot. Resales in some downtown condos, like Twelve Twelve, are yielding an average delta of $12.60 per square foot.

5. Thirteen residential projects have been announced and could deliver more than 3,700 new units to the market by 2019

Five projects are slated to deliver in 2016 with thirteen additional residential projects slated to come to market by 2019. CityLights on Rutledge Hill is expected to break ground in the coming months.

6. The majority of downtown residents moved from outside of the city or from out of state

You Tease

It’s no secret that Downtown Nashville continues to attract business professionals and highly-educated residents from across the country. According to the report, 34 percent of downtown residents moved downtown from outside the city; 30 percent from outside the state; and 28 percent from within the Nashville city limits.

 7. Baby boomers make up the largest downtown population, followed by Gen Y

Happy mature couple with cardboard boxes at new home

This fact may surprise some of you. Baby boomers currently make up the largest population of downtown residents at more than 40 percent. The boomers are followed by Generation Y at 29 percent and Generation Xers at 27 percent. The number of Baby Boomers living downtown has increased by 8 percent in 5 years. Read more about why Baby Boomers may be choosing to live in downtown Nashville.

 8. Downtown residents cited “urban experience” as the factor that most positively influenced continued downtown living

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Several factors were cited as reasons residents live downtown and want to stay downtown, but the majority (53 percent) said it was for the urban experience. Can you guess the next most popular response? At 48 percent, central location/convenience was the next most popular response.

 

A Closer Look at CityLights: Nashville’s Newest Luxury Condo Building Downtown

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CityLights is Nashville’s newest luxury condo development in downtown Nashville. With units starting at 1150 square feet, the boutique residence has 71 units and is perched on Rutledge Hill overlooking downtown Nashville and the Cumberland River. CityLights is currently more than 30 percent sold and is expected to break ground in the coming months with an anticipated completion date of summer 2018.

Perched on Rutledge Hill, CityLights will be within walking distance to SoBro restaurants, bars, and entertainment venues. CityLights is a mere 10-minute walk to Riverfront Park and the Ascend Amphitheater.

In addition to its prime downtown location, CityLights has all the modern amenities that a sophisticated urbanite desires.

Modern Amenities include:

  • prime location with stunning views of downtown
  • 2 to 3 parking spaces per residence
  • spacious open concept floor plans
  • fitness center with private yoga room
  • rooftop terrace with private bar, flat screen TVs and fire pits
  • pool deck with heated saltwater lap pool
  • office spaces for resident use
  • shared conference room for resident use
  • 24-hour concierge
  • onsite restaurant with in-room dining available to residents
  • community club room
  • and much more

Upon entering CityLights, you will be welcomed by a spacious lobby and concierge desk.  A knowledgeable concierge will be on call 24 hours a day, 7 days a week for your convenience.

First Floor

The first floor is also home to the pool deck with heated, saltwater lap pool and outdoor lounge. On the first floor, you will also find the spacious fitness center and private yoga room.

In addition, the CityLights lobby will be home to an onsite upscale restaurant that will offer in-room dining to residents.

Second, Third, and Fourth Floors

Residences can be found on the second, third, and fourth floors with two penthouse units on the fifth.

Roof Terrace

On the roof of CityLights, you will find a luxurious terrace that covers the entire roof. The terrace is adorned with fire pits, flat screen TVS, as well as a bar.

Finishes and Design

Finishes and interior spaces were designed by Casella interiors. Casella Interiors is best known for their work on award-winning projects like Etch Restaurant, the Adelicia Building, Twelve Twelve, and Emma at the Trolley Barns. To learn more about CityLights’ luxe modern finishes and design, click here.

 

Seven Upcoming Food and Wine Events You Can’t Miss

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We would hate for you to miss out on these awesome food and wine happenings this year. So, we’ve done you a favor and listed seven of Nashville’s hottest upcoming events. Tickets are available now, so buy early, as most of them sell out.

1. L’ETÉ DU VIN Nashville Wine Auction — Saturday, July 30

Wine auctionAttend Nashville’s largest charity wine auction, L’ETÉ DU VIN or a “summer of wine.” The formal evening includes a silent auction, wine reception, and seated dinner. All proceeds benefit local cancer charities. Sounds like a win, win to us – fine wine and a great cause.

2. Nashville Originals Restaurant Week —August 22 through 28, 2016

Restaurant weekTwice a year during Restaurant Week, Nashville original restaurants offer special menu items and deals to patrons. Participating restaurants usually book up fast, so be sure to make your reservations now. Dine Indie.

 

3. TPAC GALA — Saturday, August 27, 2016

200x200-Gala16Every year the Tennessee Performing Arts Center celebrates its upcoming season with the TPAC Gala. Dine on stage while watching a live musical performance at this black-tie affair. Fancy and fun — sounds too good to miss. (Source: TPAC.org) 

4. Southern Living #NASHVILLENOW Weekend — September 2-5, 2016

CheekwoodDinnerIn celebration of Southern Living’s 50th anniversary, the magazine and the City of Nashville have teamed up to bring you a weekend of experiences that celebrate the city’s food, fashion, art, and, of course, music Weekend events include a private home and garden tour of Nashville’s finest homes, a walking restaurant tour, a Jack Daniels tasting at the Hermitage, a private dinner at Cheekwood, and much more. (Source: visitmusiccity.com).

5. Wine on the River — September 10, 2016 

Wine NashvilleSip wine and beer while gazing at the downtown Nashville skyline. Travel through 10 different regions spanning the globe and sample beer, wine and spirits specific to the regions while you listen to live jazz music in the background. Cheers to that!

6. Music City Food and Wine Festival — September 17 & 18, 2016

Carla_Hall_CH-4396This is the ULTIMATE event for foodies and is not to be missed. The country’s top chefs and wine, spirit and beer crafters join local chefs for two days of exciting panels, showcases, demos, meals and more. This event will sell out, so buy your tickets now. 

7. Greenways for Nashville Dinner on the BridgeThursday, September 29

Dinner on the bridgeSip cocktails and dine at a long, elegant feasting table on Nashville’s most famous bridge. This annual event is one of Nashville’s most unique. All proceeds benefit Greenways for Nashville, an organization that supports Nashville’s Greenways.

Still looking for more summer fun? Check out our post on 10 Uniquely Nashville Spots to Check Out this Summer. 

Q&A with Casella Interiors: Designers Behind CityLights’ Interior Spaces

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Known for their work on award-winning projects like Etch Restaurant, the Adelicia Building, Twelve Twelve and Emma at the Trolley Barns, Casella Interiors is no stranger to beautiful, modern design.

Designers Laret Casella and Jessica Langdon sat down with us for a one-on-one interview about the inspiration behind Nashville’s newest downtown luxury condo building, CityLights.

Q: Describe the overall aesthetic of CityLights?

LC: It is a modern, sophisticated interior that is inviting to owners and their visitors.

Q: What inspired the spaces at CityLights?

LC: Nashville is known for being a welcoming city to visitors and new residents alike.  CityLights has great views of the heart of Nashville, and we wanted to try to capture that welcoming feeling Nashville is known for in the interior of the building.

Q: Tell us a little bit about the finishes you selected for CityLights.

LC: The finishes have a variety of texture, both visual and tactile.  The limestone inspired tile in the lobby combines with rich wood, quartz and a 3 dimensional wall tile to greet you as you enter the building.  The owner’s lounge has a beautiful wood floor and a rich wallcovering that counterbalance the glass exterior walls that capture the views that surround the building.

Q: What makes CityLights special from other projects you have worked on?

JL: One of the most unique aspects of CityLights is its location.  The building is in the heart of downtown and close to all the activity, from concerts to restaurants to Titans football.  It presented the opportunity to design spaces that will be used as an extension of Nashville’s vibrant entertainment scene

Q: As you know, CityLights is located on Rutledge Hill overlooking downtown Nashville. Did you draw any inspiration from the views and feel of the city?

JL: The surrounding areas and views provided excellent inspiration.  Elements throughout the building’s design reinforce the CityLights theme.  We incorporated materials and lighting that are abstract representations of typical elements found in urban architecture.

Casella Interiors, established by Laret Casella in 1997, is committed to providing the highest level of professional design services to all clients. The design experience of Casella Interiors encompasses a wide variety of project types and sizes, including large corporate offices, high-end residential condominiums, religious facilities, educational institutions, athletic programs, and even custom furniture. 

To see CityLights’ finish packages, visit http://citylightstn.com/finishes/.

Why Baby Boomers May Be Flocking to Condos in Downtown Nashville

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Downtown Nashville continues to see rapid, consistent growth. And according to the Nashville Downtown Partnership “Residential Report,” the percentage of baby boomers living downtown has contributed to that growth — rising by 5 percent in less than 5 years. Boomers make up 38 percent of downtown Nashville residents — more than any other age group. Additionally, thirty-four percent of residents have moved downtown from out-of-state while 32 percent have moved from outside the city.

This comes as no surprise, considering there are so many wonderful benefits to downtown living.

Here a few reasons boomers may be choosing to relocate to condo buildings in downtown Nashville:

Simplified Lifestyle Happy mature couple with cardboard boxes at new home

Urban condo living offers many advantages. While downsizing may initially seem intimidating, it can also be very liberating.  Studies have shown that simplifying your life can result in less stress and less clutter which can lead to a much happier life.

Less Upkeep

ConciergeImagine never having to worry about mowing your grass again. Condo buildings like CityLights offer services to help manage your life. With upscale services like a full-time concierge, maintenance staff, and a cleaning service for common spaces, you won’t have to worry about coordinating repairs to that leak in your basement or mowing the grass every Saturday.

Walkability

john-seigenthaler-pedestrian-bridge-740According to WalkScore.com, downtown Nashville is “very walkable” and pedestrian-friendly. The stresses of driving are a thing of the past when you live downtown and convenience is key. Walk next door for your morning coffee, stroll Riverfront Park over lunch, and catch a concert at the Symphony Center in the evening

A Plethora of Downtown Activities 

Nashville, United States - November 12, 2009: Nashville Downtown scene with the Birth of Apollo statue and fountain on the left in the foreground and the Nashville downtown skyline, and trees and park area to the right. The Birth of Apollo statue is located near the Schermerhorn Symphony Center, and was created by Casey Eskridge. Picture was taken during Autumn.According to Travel and Leisure, Nashville is one of America’s best cities because of its friendly vibe, accessible qualities, and of course the hot music scene. Nashville’s entertainment and cultural activities are unlike any other city in the U.S. From the Frist Center for the Visual Arts to the Ascend Amphitheater, there is no shortage of daily events and activities right outside your doorstep.

To Entertain Friends

ascendCondo living offers modern amenities like pools and rooftop terraces that encourage entertaining, not to mention downtown Nashville provides built-in entertainment.  According to a recent article in the Tennessean, Joyce McDaniel, a downtown resident, wasn’t surprised when friends called to ask whether they could sit on her apartment balcony and listen to the recent Jimmy Buffett concert at Ascend Amphitheater. “Everybody wants to come and hang out,” she said. With so many fun activities taking place downtown, it becomes a reason to entertain and have friends over.”

CityLights is made up of 71 luxury condos perched atop Rutledge Hill overlooking downtown Nashville. CityLights has a rooftop terrace, saltwater pool, and an in-house restaurant. Reserve your unit today: http://citylightstn.com/contact/ 

48 Hours in Rutledge Hill and SoBro

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Rutledge Hill and SoBro, south of downtown, are Nashville’s hottest new neighborhoods. Both areas continue to be revitalized, bringing in hip new businesses and urban condo developments like CityLights. The area flaunts some of Nashville’s coolest gathering spots, award-winning restaurants and premium live entertainment venues.

While we could fill up several days with exciting activities in Rutledge Hill and SoBro, we’re giving you a sample two-day itinerary to get you started.

Day 1

Start your morning at Crema on Hermitage Avenue for a cup of the best specialty coffee you’ve ever tasted. Crema serves artisanal coffee and snacks out of its airy, industrial space overlooking town. Grab a seat on the sunny patio for the best view of the John Seigenthaler Bridge and downtown Nashville.

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Spend the afternoon exploring the south side of Broadway. Take a tour of the Country Music Hall of Fame and make your own keepsake Hatch Show Print when you tour the iconic letterpress shop.

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Grab a drink and some shared appetizers at Pinewood Social in SoBro and take in the hip atmosphere. Try one of their seasonal cocktails like the “Tranquil and Serene” made with infused spirits and fresh fruit. Before you leave, check out the bowling alley, pool and bocce ball court.

Plan your weekend around a show at the Ascend Amphitheater, Nashville’s newest outdoor park and amphitheater. So many great performers are coming to Ascend this summer including: Journey, Ray Lamontagne, The Goo Goo Dolls, Meghan Trainor and Heart with Joan Jett. Pro tip: only low beach chairs or blankets are permitted inside the venue. No stadium chairs or tall chairs are allowed.

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If you’re so inclined, stop for a post-concert fourth meal at the iconic Hermitage Café, Nashville’s best greasy spoon. The café, known for its breakfast food, burgers, and fries, is open until 1:30 a.m.

Day 2

Venture to  Husk to experience one of Nashville’s best Sunday brunches. Share the homemade biscuits and gravy and try Husk’s signature Shrimp and Grits with peppers and bacon. Or if you’re craving something sweet, try the buttermilk pancakes with strawberry compote and vanilla whipped cream — yum!

Shrimp and Grits

Walk off the calories you just consumed at brunch at Nashville’s Riverfront Park. Cross the John Seigenthaler Pedestrian Bridge for one of the best views of Nashville and the Cumberland River — the perfect way to cap off your fabulous afternoon in downtown Nashville.

Seigenthaler Bridge

Once you’ve walked off your brunch, change into your Sunday best to catch an evening show at the Nashville SymphonyThe Nashville Symphony plays concerts year-round at the exquisite Schermerhorn Symphony Center.

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SoBro and Rutledge Hill are two of Nashville’s most vibrant neighborhoods and continue to thrive. While 48 hours in these neighborhoods isn’t nearly enough time, it will give you a sense for their unique local flare.

CityLights is perched atop Rutledge Hill and is walkable to downtown Nashville. 

Rutledge Hill area offers peaceful downtown living

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Joyce McDaniel wasn’t surprised when friends called to ask whether they could sit on her apartment balcony and listen to the recent Jimmy Buffett concert at Ascend Amphitheater.

“Everybody wants to come and hang out,” she said.

Since moving from the Whitland Avenue neighborhood, McDaniel says she has gotten accustomed to such requests. Her apartment is in the Old Metro General Hospital building on Rolling Mill Hill on the south side of downtown. The amphitheater is at the foot of the hill.

McDaniel was one of the first tenants to move into the building five years ago. Since then, the surrounding neighborhood has rapidly redeveloped, with the construction of additional apartments including Ryman Lofts, City View and Nance Place. Terra House, a 194-apartment luxury building, opened at the end of 2015.

More development coming

McDaniel is about to get more new neighbors. The Rutledge Hill neighborhood next door will be the site of the city’s newest multi-story condominium. Developers expect to break ground soon on the seven-story CityLights building at 20 Rutledge St.

Residents are expected to move in by early 2018. Prices for the development’s 71 residences range from the high $500,000s to $3.2 million, said Ted Pins, a Realtor with Village Real Estate.

While Buffett played at Ascend, Village hosted a party at the site to give future residents and prospective buyers a preview of living on Rutledge Hill. One advantage is the neighborhood’s location close, but not too close, to the downtown entertainment district, said Pins.

“You’re perched above the city with a view of downtown, but you’re not in the middle of the congestion and noise. We’re too far up the hill for pedal taverns,” he said.

Read More of this story here

Start Nears for CityLights

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CityLights developers are expected to begin grading very soon, as the the building is almost 35 percent sold.

The 71-unit project will offer a rooftop terrace, lap pool, and fitness and yoga center.

Read the Nashville Post article here.

Party Attendees Have Best Seat in the House for Buffett Concert Atop CityLights

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Thirty minutes prior, there had been a torrential downpour. But at 8:00 p.m., as if on cue, the clouds parted and, the rain stopped and a cool breeze blew through patio. From atop the CityLights sales center, there was a clear view of the Korean Veterans bridge lit up in rainbow-colored lights, and in the distance, a clear view of the Ascend Amphitheater where down below Jimmy Buffett was expected to take the stage any minute.DSC_0394

More than 80 developers, buyers, REALTORS®, and interested parties attended the outdoor event. Fresh-off-the-grill “Cheeseburgers in real estate paradise” and margaritas were served while Jimmy Buffett played greatest hits like “Boat Drinks” and “Margaritaville” in the background.

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“CityLights is the perfect location to experience Nashville urban lifestyle,” said Danielle Hasley, CityLights sales team member. “One of the benefits to buying at CityLights is the close proximity to downtown entertainment, restaurants and more. And who can beat this view!”

DSC_0347The 7-story, 71-unit development is slated to start building very soon, as the building is almost 35 percent sold. The building will have a rooftop terrace, saltwater pool, and fitness and yoga area.

To learn more about CityLights, contact our sales team here.

 

10 Uniquely Nashville Spots to Check Out This Summer

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The longer days and humid nights signal that a Tennessee summer is right around the corner. Summer is one of the best times to live in Nashville, and there are several warm-weather spots that you must not miss!

1. Bobbie’s Dairy DipBobbie's Dairy Dip

Bobbie’s is a true Nashville staple, especially when it’s sweltering out. A trip to Bobbie’s is like traveling back in time to a 1950’s drive-in restaurant. Order a dipped cone, chocolate sundae or specialty shake and experience true ice cream bliss.

2. Pinewood Social Pool DeckPinewood Social Pool Deck

Outdoor public pools in downtown Nashville are like unicorns: you’ve heard about them but you’re not sure if they really exist. Pinewood Social, one of the hippest gathering spots in town, has you covered. They have two dipping pools complete with an airstream that serves beverages and a full menu.

3. Nashville Greenways

Nashville’s public greenways are some of the most beautiful trails you will find in the state. Walk, jog or bike the trails that connect more than 80 miles of green space around town. Travel the Cumberland River Greenway downtown to get the best views of downtown Nashville, SoBro and Germantown.

4. Mas Tacos Por FavorMas Tacos Por Favor

We always leave this place wanting more, hence the name “Mas Tacos Por Favor.” Although the line is sometimes long, the food is well worth the wait. Try the elote (grilled corn on the cob), chicken tamales, and homemade specialty frescas.

5. Retro Sno Shaved Ice TruckRetro Sno Shaved Ice

As a kid, remember when the highlight of your summer was visiting the shaved ice truck and selecting your favorite tropical flavor? You’re in luck! Retro Sno is Nashville’s original shaved ice truck and can be found at various landmarks around town. Check their daily schedule on their website or twitter page.

6. The Harpeth RiverThe Harpeth River

The perfect outdoor retreat awaits you less than 30 minutes outside of town: canoeing the Harpeth River. No need to be an expert — canoeing the Harpeth’s shallow, smooth waters is perfect for beginners and kids. Pro tip: Pack a lunch so you can stop along the way for a picnic on one of the many small islands.

 7. First Tennessee Park: Home of the Nashville SoundsFirst Tennessee Park

Baseball is summer’s favorite sport, so you have to make at least one Sounds game this season. The Sounds play at the brand new state-of-the art First Tennessee Park and regularly host themed nights and beer specials. Pro tip: stop for a drink and a round of cornhole at the Band Box. 

8. Gabby’s Burgers and FriesGabby’s Burgers and Fries

Consistently voted one of Nashville’s best burger spots, Gabby’s Burgers & Fries doesn’t disappoint. Try the Seamus and sweet potato fries or Gabby’s Burger if you’re extra hungry. Pro tip: if you become a regular, you may even be privy to the “secret menu” for VIP guests.

9. Frist Fridays at the Frist Center for Visual ArtsFrist Fridays at the Frist Center for Visual Arts

Art, live music, and wine — sounds like the perfect summer night to us. The Frist Center in downtown Nashville hosts live outdoor concerts every summer, dubbed “Frist Fridays.” Frist Fridays take place on the final Friday of the month in June, July, and August from 6:00 to 9:00 p.m. in the Center’s Turner Courtyard. Pro trip: remember to bring your stadium seat or blanket.

10. Let Freedom Sing! Music City July 4, Downtown NashvilleLet Freedom Sing! Music City July 4th

Nashville’s summer events culminate with one of the most exciting celebrations of the year. Experience one of the country’s best fourth of July celebrations right in your backyard. The lineup includes musical performances by Sheryl Crow, Maddie & Tae, Erin McCarley and the Nashville Symphony, complete with one of the biggest fireworks displays in the U.S.

Get out there, Nashville, and have a little fun in the sun!