Velocity in the Gulch Restructures Ownership

July 1, 2010 by admin · View Comments 

This morning the Tennessean reported that the Velocity in the Gulch’s ownership has been restructured. “The new owner of the 265-unit building in the Gulch is Velocity Residential LLC, with its principal offices listed with the identical address as the project’s lender, BBVA Compass Bank.” It should be noted that BBVA Compass in not the [...]

5th & Main Condos in Nashville Lose FHA Certification, Again

March 30, 2010 by admin · View Comments 

Call it fate, bad luck, the yo-yo effect or whatever you may, according to HUD’s website, the 5th & Main condos have lost their FHA certification for the second time in the past 9 months. As you may recall, the condos entered into receivership in February 2009, but began to show signs of life as [...]

A Few Favorite Nashville Foreclosures & Short Sales

February 19, 2010 by admin · View Comments 

For those of you who missed out on the incredible 1 bedroom condo foreclosure in the Encore (the first ever) or the record setting one in the Enclave (all time record), I thought that I might share a couple of my current favorites: Short sale in the Icon in the Gulch – this is one [...]

5 Best Condo High-Rises in Nashville

February 8, 2010 by admin · View Comments 

The Adelicia – The finishes, floor plans, design, construction materials and location all speak for themselves in this building. Famous residents like Simon Fuller and Taylor Swift have only added to its reputation (and price). The Terrazzo – The finishes are perhaps the highest end in Nashville, but its Interstate location and lack of views [...]

Icon in the Gulch Big Winner or Buyers?

January 6, 2010 by admin · View Comments 

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 [...]

10 Best Condo Buys so far in 2009

October 19, 2009 by admin · View Comments 

Sometimes we all wonder how well we have done when investing in real estate and usually there is not a good way to benchmark our success or failure. Here is a list of the 10 best condo buys in Nashville so far in 2009. Keep in mind that the developer purchases probably also have a [...]

Encore Condos Offer Close Out Prices

September 25, 2009 by admin · View Comments 

The 332 unit Encore condo building in downtown Nashville is nearly sold out. The owners, Giarratana Development and the Novare Group, have sold nearly 80% of the building and are now in what appears to be the close out phase. Here is the current incentives package for 2 bedroom condos in the Encore: • Prices that now [...]

September Nashville Condo Sales Analysis

September 24, 2009 by admin · View Comments 

I was grabbing a quick bite to eat earlier today at a trendy little restaurant in the Gulch when I overhead the following conversation between two seemingly educated 30-something professionals: Guy #1: “Wow, this area of town is really pretty cool. I mean, it has some really tasty restaurants and stuff, but these condos are just dying. [...]

Icon Nashville Condo Prices Going Up

September 14, 2009 by admin · View Comments 

If you are one of those folks who thought that condo prices would continue fall this year, here is a piece of news that will surprise you: The developers of the Icon in the Gulch, Bristol Development and MarketStreet Enterprises, are raising prices today. Specifically, the Icon is raising prices on all of the downtown [...]

Icon in the Gulch Condo Price Update

August 23, 2009 by admin · View Comments 

After a quick trip to the Davidson County register of deeds Friday morning, I have confirmed that 38.33% or 161 condos have closed as of 8/21/2009. The Icon is averaging over 11 closings a month for the past 3 months which would put the development at sell out in approximately 2 years. This is a pretty strong absorption rate for what most [...]

Buying a Condo in the Encore Condos?

July 13, 2009 by admin · View Comments 

If you are thinking about buying a condo in the Encore condos building in the SoBro area of Nashville, you need to speak with me now. If you are buying a condo or loft in any building in downtown Nashville, call me now.   Buying a condo in downtown Nashville can be a good investment [...]

Buying a Condo at the Icon in the Gulch?

July 11, 2009 by admin · View Comments 

If you are considering buying a condo at the Icon in the Gulch, you need to speak with me first. If you have a pre-construction contract on a condo in the Icon that you would like to renegotiate, you need to speak with me first.   Buying a condo in the Icon in Nashville is [...]