Velocity Condos in Nashville Sales Update

December 10, 2009 by admin · 7 Comments 

As of the end of November, the Velocity in the Gulch has closed 20 condos out of a possible 265 (7.5%). Granted, the grand opening was just over a month ago, but sales have yet to set any impressive marks. Surprisingly, the average price per square foot still far exceeds $300/ft coming in at $330.58. [...]

Velocity in the Gulch Condo Sales Update

September 19, 2009 by admin · 21 Comments 

It has been tough sledding for the 265 unit Velocity in the Gulch condo project located next door to the Icon. For a project whose presales numbered in the hundreds, having 9 total closings (3.4%) in the first 3 months since opening does not seem impressive. Even less impressive is the over $325 a foot [...]

Velocity’s Bristol Development Sues CSX for $2.5 mil

August 5, 2009 by admin · Leave a Comment 

This article entitled “Gulch condo development sues CSX” appeared in the Nashville Post on July the 31th, 2009. The author is Kyle Swenson: “The Velocity, the newest piece of The Gulch’s growing line of high-end condos and mixed-use projects, has launched a legal squabble with rail company CSX Transportation, accusing the latter of not paying for environmental [...]

Pictures of Velocity in the Gulch in Nashville

June 28, 2009 by admin · 21 Comments 

The entrance to the Velocity condos is located on the Pine Street side of the building. This side of the building is currently 95 percent complete and looks quite modern.    The main lobby in the Velocity is not the largest lobby in downtown, but it might be the most interesting. There are a variety of [...]

The Gulch Racks Up Another Honorable Mention

June 8, 2009 by admin · Leave a Comment 

The Men’s Journal has named the former rail yard district near downtown Nashville one of the best neighborhoods in the country: “For a century the Gulch was just a barren railroad corridor, then redevelopment brought it back from the dead. It also created the first LEED Neighborhood Development certification in the South – all while [...]

2 Year Analysis of Nashville Condo Prices

June 1, 2009 by admin · 2 Comments 

The above graph shows a median price analysis compared to the average inventory held for the Nashville condo market since the first quarter of 2007 through the second quarter of 2009. This is market information that I have collected using the official condo sales numbers from GNAR and are deemed to be accurate. This quarterly [...]

The Gulch in Nashville Featured in USA Today

April 9, 2009 by admin · 3 Comments 

  This article entitled “Nashville works to liven The Gulch” appeared in the USA Today on April the 8th, 2009. Larry Copeland wrote:   “NASHVILLE – For decades it was little more than an eyesore, a sunken warren of freight railroad tracks and run-down brick warehouses that was home mostly to vagrants and a bluegrass [...]

Video of the Condos in the Gulch

April 7, 2009 by admin · 3 Comments 

On Saturday morning, I met a condo investor from California (Dennis Fong) in The Gulch to take a look at the progress being made on the Velocity condos. It was a beautiful morning so I took the oppotunity to film the layout of The Gulch. In this video you will see where the Velocity, the [...]

Downtown Nashville Condos Sold in 2009

April 5, 2009 by admin · 5 Comments 

This article entitled “Adelicia closing on final units, garners national attention” appeared in the Nashville Business Journal on April the 3rd, 2009. Jenny Burns wrote: “The luxury condominium tower Adelicia will close on its last four units this month after the developer offered deep discounts to sell out the remaining 20 units in the West [...]

Fannie Mae Makes it Harder for Condo Buyers

March 24, 2009 by admin · 6 Comments 

This article entitled “Fannie Mae adds restrictions for backing condo mortgages : WSJ – Update” appeared in the RTTNews on March the 18th, 2009. The staff writer wrote: “Government backed mortgage finance company Fannie Mae (FNM) has enforced stricter guidelines for obtaining condominium mortgages, effective March 1, the Wall Street Journal reported Wednesday. The restrictions [...]

Downtown Nashville Condo Update

March 6, 2009 by admin · 14 Comments 

This article entitled “Condos face crucial test” appeared in the Nashville Business Journal on March the 6th, 2009. The author is Turner Hutchens:   More than a thousand new luxury condos in downtown Nashville seemed like a good idea at the time.   That was just a couple of years ago, and despite the housing, [...]

Eakin Partners Begin Site Work on Gulch Offices

April 18, 2008 by admin · Leave a Comment 

I recently drove by the corner of 12th Avenue South and Demonbreun Street in the Gulch and noticed that the old tire repair and replacement building was in the process of being cleared. I had not heard anything about this project since early to mid 2007, but it appears that Eakin is going to be [...]