Whole Foods Broadway project progresses
Hendersonville-based Environment Abatement Inc. will handle the demolition of the ex-Mazda dealership building located on Broadway, at which a mixed-use tower anchored by Whole Foods is planned.
Demo will start within three weeks, according to source who asked to go unnamed. .
Austin-based Endeavor Real Estate Group will develop the project, a 26-story structure that will rise at the northwest corner of the intersection of 12th Avenue North and Broadway in the North Gulch. Apartments and office space are part of the mix.
Jamil Alam, Endeavor managing principal, could not be reached for comment related to a possible groundbreaking.
Metro has approved all site and concept plans.
Endeavor has created Broadway Whiskey Partners to undertake the project.
The project could carry a price tag of about $100 million, according to previous media reports.
The building would rise about 320 feet, ranking it among Nashville’s 20 tallest if standing today.
The Nashville office Turner Construction will serve as general contractor.
Nissan warehouse to sell for $48M
Toronto-based Dream Industrial REIT announced Tuesday it will pay $48 million for a Mt. Juliet warehouse from which Nissan operates.
The seller is Dream Industrial REIT sister entity Dream Office REIT, according to a release.
Known as Nissan Parts Re-Distribution Center and designed by Opus Design Build, the warehouse spans 717,000 square feet and fronts Interstate 840. It is within 10 miles of Interstate 40, and is within 15 miles of Interstate 24. It opened in 2010.
FoxFuel eyes Rutledge Hill property for office
L&C Tower-based ad agency FoxFuel Creative is under contract to acquire a small office building located in Rutledge Hill, Nashville Business Journal reports.
The building (see here courtesy of Google Maps) sits on a 0.57-acre site with an address of 4 Berrien St. but fronts Lindsley Avenue. The ownership entity includes local real estate investor Rob Lowe.
NBJ reports FoxFuel will pay $1.75 million for the property. Pinnacle Bank is providing financing.
Of note, FoxFuel has a contract with Saint Thomas Health to produce television commercials featuring Tennessee Titans quarterback Marcus Mariota, NBJ reports. The company is home to 10 employees.