Monthly Archives: May 2007

Velocity Has Momentum

Velocity had a strong launch, selling 85 homes in the first day. The 53 TIF units, for affordable purchasers, were not released but will come soon. Buyers who make up to $34,500 should take notice, and buy at this project. The Gulch is getting stronger, and as retail fills in, the neighborhood activates. I for one like to see a neighborhood emerging where there was none. Funny, we only have two homes left at more then $300,000, and there are 265 in the project. The buyers bought from top down.

Velocity Comes to The Gulch

We are launching another project in The Gulch this week. Velocity in the Gulch will appeal to a younger set then our last project, Icon in the Gulch, which is next door up on the ‘cliff wall’. Velocity has smaller homes, and 75% will be priced under $250,000. The developer, Bristol Development Group, has actively searched the nation, and found some great floor plans for small homes in Portland, Oregon, and Seattle, Washington, cities where urban living has been real for years.

Get Your Greenways On

Nashville is finally embracing its finest natural resource, the Cumberland River, which runs through our city. I am excited about the Riverfront Plan which has emerged over the past year. This 20 year plan aims to create water access for our citizenry, which will enhance the quality of life for downtown residents, office users, and even for our tourists.

Nashville’s Market Mix of For Sale and For Lease

Nashville is enjoying a resurgence at its core, and has now embraced downtown residential neighborhoods. Below is a link to data from the Nashville Downtown Partnership, which breaks down the for sale, for lease options available. Downtown Nashville Residential Report July 2006.