State of the Gulch Real Estate Market

August 22, 2011 by admin · 4 Comments 

If you live in the Gulch you may be acutely aware of the new and proposed activity, but for the rest of Nashvillians, it may be difficult to see just how much is happening. Since the beginning of the year, 3 new retailers have opened their doors and 2 more are planning on opening by [...]

YTD Condos Sales in Nashville’s Icon

August 9, 2011 by admin · 1 Comment 

With slightly more than 7 months gone in 2011, the Icon in the Gulch has sold 59 condos totaling over $17.46 million this year. Of the 59 recorded sales, 9 were resales (highlighted in blue) and 50 were new developer sales. Of the 9 resales, 1 was a foreclosure on the 9th floor. The 419 [...]

ICON Sets Record Condo Sales Price Per Foot in TN

April 9, 2011 by admin · 11 Comments 

On April 1st, 2011, April Fool’s Day, the Icon in the Gulch quietly recorded a $1,180,000 condo sale in the MLS. While any condo sale over a million dollars in Tennessee is notable, it is not the price that turned heads, it’s the price per square foot. You see, this 22nd floor penthouse condo is [...]

Developer Owned Condos in the Icon Fly off the Shelf

March 18, 2011 by admin · 9 Comments 

You read the headline correctly, the condos in the Icon are selling both faster and for higher prices than at any time since 2008. In the first 18 days of March, the Bristol Group has sold 12 condos with a total transactional value exceeding $5 million. Think about that for a moment, let it sink [...]

Icon in the Gulch 2010 Condo Sales Recap

January 4, 2011 by admin · Leave a Comment 

Despite a sluggish national real estate economy, the Icon in the Gulch continued to outpace all other condo developments in Nashville by closing 75 condos during 2010. Selling 1.44 condos a week may not sound impressive, but trust me, it’s a little like Vince Young throwing for 350 yards against the Patriots in December. The [...]

Icon Condo Absorption Analysis in Nashville

November 15, 2010 by admin · 3 Comments 

An interesting question was posed to me this morning, it’s a question that led me to a simple ‘back of the napkin’ analysis that I’d like to show to you. A gentleman simply asked me how long it would be until the sales staff at the Icon in the Gulch would move out of the [...]

Icon in the Gulch Downtown Condo for Sale

November 9, 2010 by admin · Leave a Comment 

Welcome to your own private sanctuary in the sky, complete with panoramic views of Nashville’s growing skyline! Located in the Icon in the Gulch high-rise, residence #1413 is currently the highest downtown facing condominium available for sale in the entire building. Fully upgraded, this condo features the designer kitchen package which includes an optional island with [...]

Nashville Condo Prices and Closings Q2 2010

September 2, 2010 by admin · Leave a Comment 

As expected, Q2 2010 condo prices and closing volume increased rather significantly over the first quarter. This fact can be directly attributed to the expiration of the second Federal first-time homebuyer’s tax credit. Nearly all new construction high-rises benefited during this period, but none as much as the Icon in the Gulch which nearly doubled [...]

Velocity in the Gulch Restructures Ownership

July 1, 2010 by admin · 26 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 · 5 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 · 5 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 · 23 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 [...]