The development team behind the W Hotel under construction in The Gulch has landed a major permit related to the project.
Twelfth Avenue Realty Holdings — a partnership between Nashville-based Corner Partnership, South Florida-based Hospitality and Gaming Advisors and Chicago-based Magellan Development — are serving as co-developers.
The permit is valued at about $29.4 million and will allow for structural framing from grade level to floor 13.
The local office of Mississippi-based Yates Construction is serving as general contractor.
To offer 346 rooms, the hotel is rising 16 stories on about 1.3 acres fronting 12th Avenue South between Laurel Street on the north and Pine Street on the south. The address is 310 12th Ave. S.
New York-based Rockwell Group is the designer, with Dallas-based HKS the architect.
Read more here.
Chicago company wants to add office space atop Row parking garage
Chicago-based real estate investment company Pearlmark will go before the Metro Board of Zoning Appeals Thursday, Aug. 1, to see a variance related to a Music Row parking structure it owns.
Pearlmark want to add 121,600 square feet office space to the top of five-story garage, which is located at 900 18th Ave. S. The company has hired Nashville-based Gresham Smith to design the proposed space and will request from the BZA a special exception to building-height regulations covering Music Row.
Nashville Business Journal previously reported the proposed office building addition could yield a structure of upwards of 129 feet tall, 24 feet more than the maximum height allowed by current codes.
In 2017, a Pearlmark-affiliated entity paid $13.7 million for the parking garage and a 65,000-square-foot office building with an address of 49 Music Square W. (located across an alley from the parking garage to which the office space could be added), according to Metro records.
Pearlmark officials could not be reached for comment.
Work ready for ex-Stadium Inn building
Progress is being made regarding the former Stadium Inn, with the team reinventing the old-school ex-hotel having landed a permit related to the project.
Valued at $250,000, the permit will allow for interior demolition. The contact on the permit is J. Dean Co. LLC, with the Post unable to determine any details of that entity prior to publication time.
Rob Lowe, senior managing director with the Nashville office of commercial real estate company Cushman & Wakefield, recently told the Post he is part of an investor group that is partnering with the hotel's owners (a Murfreesboro couple) on the project. He said the building should reopen in about 12 months as a boutique product (read more here).
The address is 10 Interstate Drive, with the hotel sitting near Nissan Stadium.
The group has enlisted Nashville-based Pfeffer Torode Architecture to handle the design.
Lowe said the hotel likely will not be a name brand and will serve the east side and downtown due to its proximity to both.