The Quincy Construction Timelapse
The Quincy in the Rainey Street District of Austin, Texas- OxBlue Construction Timelapse
Luxury apartments in Raleigh go for 400K per unit
Luxury apartments in Raleigh go for $400K+ per unit
Written by: Caleb Harshberger
Source: Triangle Business Journal
A pair of developers have closed on the sale of a massive luxury apartment complex inside the beltline overlooking Glenwood Ave. in Raleigh.
New development underway in Gulch will occupy entire city block
New development underway in Gulch will occupy entire city block
Written by: Stephanie Langston
Source: WKRN News
NASHVILLE, Tenn. (WKRN) – A major development is underway at the gateway of downtown in the Gulch.
Gulch Union will occupy a full block between 12th and 13th Avenues and McGavock and Demonbreun Streets.
“It’s a full city block that’s being transformed into a place where people are going to live, work, and stay,” Jenna Muller of Cushman & Wakefield told News 2.
Right now, you can see phase one is under construction, which will be a 20-story office tower branded 1222 Demonbreun.
Muller says crews will eventually knock down Hot Box Fitness and the office building beside Adele’s and across from Whiskey Kitchen transforming the area.
“For many years it’s been low-rise buildings that really haven’t had a very active feel, but I think Gulch Union is really going to change that to create a very walkable, connective community.”
Once phase one is complete work will begin on a boutique hotel, residential tower, shops, and restaurants.
“It’s all going to be connected by a lushly, landscaped, elevated podium that’s going to serve as an amenity to the entire project and there’s really nothing else like it in Nashville,” Muller explained.
She says there’s been a high interest in the location.
“We’ve had a lot of interest from a very diverse mix of tenants; from professional service firms to more creative and tech type companies so it’s been a wide spectrum of local groups and of groups looking across the country.”
Muller points to the amenity floor of the office tower as one of the draws.
“It will include 9th-floor amenities exclusive to tenants of the building. It’s going to have an indoor-outdoor sky lounge that overlooks downtown, 50 person training room, a fitness center with showers and lockers, and then a micro market that’s just going to serve tenants around the clock with whatever they need so it’s really designed to meet the needs of today’s modern workforce,” said Muller.
She adds that the location is one that’s hard to beat.
“This is really the gateway to downtown. It’s a highly visible location, you know it’s visible from the highway and you just have access of all the amenities to the gulch, downtown and easy access to the highway so it’s arguably the best location in Nashville.”
The first phase of Gulch Union is scheduled to be ready for tenants by April 2020.
Two cranes are on the project to keep to a tight deadline.
Hensler Now Eyes 32 floor Tower for Rolling Mill Hill
Hensler now eyes 32-floor tower for Rolling Mill Hill
MDHA board to review revised development plan
Written by: William Williams
Source: Nashville Post
Nashville-based developer Ray Hensler and his team working on a mixed-use project on Rolling Mill Hill will on Tuesday present to Metro concept and massing plans that show a taller main tower than previously considered.
Specifically, the group will go before the Metro Development and Housing Agency Design Review Committee to seek approval of the plans, which have been altered. Previously planned as a 20-floor, 300-unit structure and then, later, for 26 stories (read here), documents show the residential tower is now being designed to rise 32 stories. A residential unit count hasn’t been finalized, Hensler told the Post.
A Class A office building (215,000 square feet) also would rise six floors on the site, which has an address of 30 Peabody St., the documents show.
Of note, a future Crockett Street has been redesigned.
“Working with MDHA, Public Works and DES, we have a plan to reconnect Crockett Street in a location that works for DES but required some significant site plan change,” Hensler told the Post. “We’re very happy with the changes and want to be sure the [design committee] is also satisfied before further advancing our plans. The additional height is essentially just capturing the same volume of space that existed in wider towers within the original plan.”
The project, which also will include some retail, will be called Peabody Union at Rolling Mill Hill. Detailed renderings will be released in a few months, Hensler said.
Hensler and co-developer Stiles Corp. plan to pay MDHA $16 million for the 4.6-acre property at 30 Peabody. Originally, their offer was $13.5 million. The proposed deal maintained the $1 million payment Hensler pledged to provide Metro toward construction of affordable and/or workforce housing.
In addition, MDHA is committing $17.5 million of tax increment financing toward the project, more than the $10 million to $12 million Hensler estimated in his previous bid.
Peabody Union’s retail spaces will feature a mix of flagship anchors, health and fitness concepts, local artisans and restaurants, according to a release sent in early 2018.
Work can begin on Peabody Union once Eakin Partners finishes its mixed-use Peabody Place project rising on a nearby site and MDHA completes a parking garage. (The surface parking to be lost on the Peabody Union site will be compensated for at Peabody Place).
Hensler and Stiles are eyeing a late-2020 construction start and a mid-2023 finish.
In early 2018, Eakin paid MDHA $9.4 million for the property on which the company’s nine-story, office-and-retail Peabody Place is rising. That building is now above grade.
30-story tower coming to downtown Austin’s Rainey district
30-story tower coming to downtown Austin’s Rainey district
Written by: Emma Freer
Source: Community Impact
The Quincy, a new 30-story mixed-use tower being developed at 93 Red River St., Austin, by Endeavor Real Estate Group, broke ground in early March. The building will be located between Driskill and Davis streets, across the street from Container Bar.
It will combine one floor of retail, 19 floors of residential units and three floors of office space, plus seven levels of above-ground parking. It is scheduled to open in early 2021.