Tweet The Rhythm at Music Row, like most other high-rise condo projects in Nashville, has benefited from the federal housing tax credit. Not all of the condos contracted during the tax credit period have closed. I expect another 4-5 condos to close by the middle of July, especially the smaller Tempo floor plan. The Rhythm [...]
Tweet Formed in 1938, MDHA is the Metropolitan Development and Housing Agency of Tennessee. MDHA is a public housing authority primarily responsible for housing in urban areas as well as multiple community development programs. MDHA is also the agency that offers Tax Increment Financing (TIF) to developers who agree to include a certain percentage of “affordable units” in [...]
Tweet The auction a couple of months ago at The West End Condos was a great opportunity for buyers to pick up a bargain. These luxury one, two, and three bedrom units sold for around 55% of their asking price. For example, a three bedroom on the 6th floor with 2,525 square feet that was asking [...]
Tweet Buildings between 75 feet and 499 feet tall are considered high-rises. The average height of a single story of a high-rise is approximately 13 feet, thus a 78 foot tall building would have 6 total stories. 5 largest condo buildings in Nashville are: 1. The Icon in the Gulch – 419 condos 2. The Encore – 333 condos [...]
Tweet John Coleman Hayes successfully sold at least 40 condos in the past 60 hours, 32 of which were sold during Saturday’s live auction. The condo auction, held under a semi-heated tent in the West End’s motor court, was well attended with an estimated 185 potential buyers in attendance. Jerrold Pedigo began the auction promptly [...]
Tweet The results of the Terrazzo auction are in and it appears that my predictions are right on target. 25 condos sold at an average price of $233.01 per foot with a couple of sales reaching over the $250/ft mark. The average total price of $283,600 represents 62.48% of the original asking prices at Terrazzo. [...]
Nashville Technology Council President Todd Fetherling has told the Nashville Post that the organization plans to implement a free wireless Internet network in downtown Nashville. The group plans on placing its first transmitter in the central business district and believes that a strong wireless signal should emanate within a 0.9 mile radius. The location of [...]
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In 2007, Crosland Tennessee President Bill Barkley announced plans to develop a 2 acre parcel of land in the Gulch into Griffin Plaza, a $35 million 10 story project with 140 apartments and 32,000 square feet of ground-floor retail space. With that announcement, the website went live and the buzz began to build with mentions [...]
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2009 was supposed to be a horrible year for Nashville condo sales, yet the Icon in the Gulch was able to sell and close 84 new condo contracts. By the pure number of closings, the Icon in the Gulch was certainly the big winner in terms of gross number of sales, but many may be [...]
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