Month: September 2017

Nashville transit plan a boon for real estate market, pros say

Nashville transit plan a boon for real estate market, pros say

Don Hayes is looking forward to walking out the front door of his new East Nashville townhome and stepping aboard a train that takes him downtown without having to fight Gallatin Pike’s notorious traffic congestion.

“I have used a mass transit system a few times when I lived in the Northeast and I feel it is a great way to get to downtown and not worry about traffic or parking.  … I also feel a little more connected to a city when riding the train,” said Hayes.

He recently moved into Chester, a development of 17 townhomes at the intersection of Chester Avenue and Gallatin Pike along the first route of Nashville’s proposed light rail system.

The $6 billion transit plan includes bus rapid transit, bus-on-shoulder, commuter rail service between cities and, for the first time, light rail in Nashville. The plan would be implemented over 25 years if voters approve funding.

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Greenways attract Nashville home buyers, developers

Greenways attract Nashville home buyers, developers

Victor Wilson looks forward to eventually riding his bike on a greenway from his home in the Nations on Nashville’s west side to events downtown or to a public transit stop on nearby Charlotte Pike without ever having to be on a street with cars and other vehicles.

“We could ride our bikes and go to (Nashville Sounds) ballgames in Germantown or Live on the Green” musical performances at the Metro Courthouse, he said.

“If we could get there on a greenway, I’d do it,” said Wilson.

As Nashville’s system of greenways grows, it will make the city more walkable and bikeable and become an alternative means of transportation connecting parks, neighborhoods and the transit system, said Mark Deutschmann, founder of Village Real Estate Services and Core Development Services. He also is chair of Urban Land Institute Nashville and board president of Greenways for Nashville.

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With latest condo project, Mark Deutschmann digs deeper into East Nashville

With latest condo project, Mark Deutschmann digs deeper into East Nashville

One of the most influential developers in the revitalization of a number of urban Nashville neighborhoods once again has East Nashville in his sights.

Mark Deutschmann’s Core Development Services is pursuing a proposed 190-unit development on East Trinity Lane, on more than 11 acres of land at an on-ramp and off-ramp for Ellington Parkway. A zoning change, necessary to make the project happen as planned, faces a key vote on Aug. 24, before the Metro Planning Commission.

Deutschmann has crafted a reputation as someone whose interest in a neighborhood signals (and helps ignite) a coming rebirth— as seen in 12South, Germantown and Wedgewood-Houston. Most recently, Deutschmann has gone under construction on a condo development just off Nolensville Pike, near The Fairgrounds Nashville, where Metro is proposing a soccer stadium for a potential Major League Soccer franchise. In June, Deutschmann bought his second development site in that corridor.

Now, in East Nashville, Deutschmann is proposing a mix of 120 condos, 25 townhomes and 45 single-family cottages, according to Metro filings. While East Nashville’s transformation has been well underway, this particular location is farther north from areas such as the popular Five Points district, an indication of the spreading growth spurred by the reigon’s population gains and job growth.

Staff for the Metro Planning Department recommend approving the zoning change Deutschmann is requesting, with certain conditions. The Metro Planning Commission isn’t bound by that recommendation, but usually votes in favor of that staff analysis. Metro Council would need to approve the zoning change for it to become official; similarly, while the council isn’t bound by the commission’s vote, the council typically follows suit.

 

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