Quote:
Originally Posted by LAsam
^Not crazy about that location. Looks like it is hemmed in with freeways to the west and south, a speedway to the north, and some sparse single family to the east. Doesn't seem like a lot of synergistic development can be realized there. Is there nowhere better to put this where the surrounding area can blossom?
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The surrounding area, Wedgewood-Houston (WeHo), is blossoming. As a matter of fact, this building in the area...
just sold for 1.1 million dollars, per the
Nashville Post. It was bought for $80,000 in 2011.
The area is red hot and developing and gentrifying at a very fast pace. The single family development is in demand and very pricy. A lot of the existing industrial building stock is being repurposed as lofts, work spaces, retail, shops and art galleries. And there is plenty of new mixed use development on the boards such as...
..Apple Music's Nashville office is moving across the street into a renovated building and there is a push to renovate the speedway to Nascar standards (it once held cup races there years ago) much to the delight of most people in the area.
Yes, it did seem like an odd choice when first announced, but seems totally appropriate now. The city gets to repurpose the derelict property that only served to house flea markets and what to me is a hugely underwhelming excuse for a state fair while building a rather large state of the art soccer stadium suitable for a number of purposes which will bring tourism and dollars to the city and this area in general.