AVAILABLE 9,200 SF MARQUEE RETAIL BELOW 126,000 SF CLASS A OFFICE 820 18TH AVENUE SOUTH, NASHVILLE, TN 37203 AUSTIN BENEDICT +1 615 493 9221 austin.benedict@cbre.com JOHN MAXWELL +1 615 493 9230 john.maxwell@cbre.com
OVERVIEW: Nashville-based Spectrum Emery and partner Hall Capital are developing 18th & Chet, a 10-story Class-A office building located in the heart of Midtown Nashville. The project includes approximately 126,000 SF of premier office space with outdoor terraces on each level along with approximately 400 parking stalls (3/1000 SF ratio) in the project s access-controlled parking structure. Each of the project s efficient 30,000 SF floor plates features incredible panoramic views of Music Row, Vanderbilt and Nashville s downtown skyline. RETAIL AT 18TH & CHET: The 18th & Chet project also features 9,198 SF of signature street-level retail. This retail space is comprised of 1,991 SF facing 18th (targeting café/amenitytype use) and a 7,198 SF marquee restaurant space on the corner of Chet Atkins Place and 18th Avenue South. Developer is targeting polished dining concepts to anchor this 7,198 SF space, which may be subdivided if this enhances the tenant mix. Each retail tenant and its guests will have access to the project s parking deck on terms to-be-negotiated. LOCATION: 18th & Chet is ideally located in the Midtown area of Nashville just two blocks from the Vanderbilt University campus, and proximate to the Division Street entertainment district, one of Nashville s most vibrant nightlife destinations. Major traffic and population drivers in Midtown include: Vanderbilt University and Vanderbilt Medical Center, St. Thomas Midtown Hospital, Music Row (music industry offices), hotels, restaurants, retail and an abundance of new multifamily developments. This area of Midtown represents one of the densest areas in Nashville for commercial development. SkyHouse (352 apartments) was completed March 2017 just 3 blocks away and The Morris (300 apartments) is scheduled for delivery December 2017 and located just ½ block away. COMPLETION DATE: Developer anticipates delivering the 18th & Chet project late-summer 2018. As early as possible advance of this date, Developer intends to provide retail tenants with access to their premises to begin construction. PARKING FOR RETAIL: The project s approximately 400 parking stalls are designed for use by office tenants with a portion reserved for use by retail tenants and their guests. Parking arrangements for retail will be negotiated in the lease and may include validation options, limited free parking, potential for valet services, etc. Free off-site street parking is also available in the area. The parking structure is 1 level below grade, 5 levels above grade. Above the structured parking are 4 levels of office.
RETAIL SUMMARY PROJECT ADDRESS: PROJECT COMPLETION DATE: AVAILABLE RETAIL SPACES: RETAIL PARKING: RETAIL CEILING HEIGHTS: TRASH DISPOSAL: LOADING/ DELIVERIES: DELIVERY CONDITIONS: 820 18th Avenue South, Nashville, TN 37203 (NE corner of 18th Avenue South & Chet Atkins Place) Planned completion date is late-summer 2018. Retail spaces will be delivered to tenants as soon as possible prior to the final completion date 7,198 SF marquee retail at corner of 18th & Chet. Space is divisible. Developer is targeting polished full-service restaurant use and other tenants who compliment Class A office 1,991 SF located along 18th Ave South. Developer is targeting amenity-type uses (fitness, coffee shop, juice bar, postal, etc.) Project includes a 393-stall parking deck (1 level below grade; 5 levels above). A portion of this parking is reserved for use by retail tenants and patrons. Parking arrangements will be negotiated in the lease and may include validation options, limited free parking, potential for valet service, etc. Free off-site street parking is also available in the area Approximately 20 Dumpster/compactor is located directly behind the 7,198 SF space and accessible through the service corridor Loading dock is located on east face of building and accessible through the service corridor Floor: Poured concrete floor Grease Trap: Developer will deliver a grease trap with drain line stubbed to the premises, as necessary Sprinkler: Developer will deliver close double space fire protection with upturned sprinkler heads Electric: Developer will include an electrical panel within each premises. 400 amp 120/208V-3PH-4W will be available Gas: 2 natural gas service will be delivered as necessary to the premises Water: 2 domestic water supplied to each premises Sewer: 4 sanitary line stubbed to each premises
MIDTOWN MARKET AERIAL CHARLOTTE AVE ELEVEN NORTH 302 APARTMENTS DOWNTOWN YMCA CHURCH ST RENAISSANCE HOTEL POLLACK SHORES 376 APARTMENTS I-65/I-40 PLANNED: 27-STORY, 362 APTS & WHOLE FOODS 15TH AVE N RYMAN AUDITORIUM BRIDGESTONE ARENA FRIST CENTER FOR THE VISUAL ARTS BROADWAY UNDER CONSTR: CAMBRIA UNION STATION HOTEL 12TH AVE S BEAMAN AUTO RHYTHM CONDOS DEMONBREUN HILL ENTERTAINMENT DISTRICT UNDER CONSTR: CADENCE 205 APARTMENTS ROUNDABOUT PLAZA OFFICES 1.2M SF MUSIC CITY CONVENTION CENTER UNDER CONSTR JW MARRIOTT HOTEL DEMONBRUEN ST GULCH CROSSING CLASS A OFFICE UNDER CONSTR: 1201 CLASS A OFFICES WESTIN HOTEL CUMMINS STATION 1501 205 APARTMENTS VELOCITY 265 APTS/CONDOS TWELVE TWELVE 285 CONDOS ELEMENT MUSIC ROW 431 APARTMENTS DIVISION ST PINE STREET FLATS 296 APARTMENTS UNDER CONSTR: CRESCENT MUSIC ROW 275 APARTMENTS BEST WESTERN HOTEL BROADCAST MUSIC OFFICES 8TH AVE S ICON 417 APARTMENTS TERRAZZO 117 CONDOS MARRIOTT FAIRFIELD INN & SUITES 16TH AVE N SKYHOUSE 352 APARTMENTS PLANNED: VIRGIN HOTEL BELL MIDTOWN 170 APARTMENTS CHURCH ST UNDER CONSTRT 1818 CHURCH 142 APARTMENTS 18TH AVE N HAYES ST 17TH AVE N MARRIOTT SPRINGHILL SUITES HUTTON HOTEL RENESANT BANK 19TH AVE N WEST END PALMER PLAZA OFFICES BROADWAY FIRST BANK HILTON GARDEN INN HILTON HOME2 PROPOSED: REGENT MIDTOWN 25-STORY RESIDENTIAL 16-STORY HOTEL CONDOS EMBASSY SUITES DIVISION STREET ENTERTAINMENT DISTRICT ARTISAN ON 18TH 153 APTS UNIVERSITY SQUARE APTS UNDER CONSTR: NORSTAR APTS 235 UNITS AT&T MARRIOTT GARDEN INN PROPOSED: 25-STORY / 135 CONDOS 160 BOUTIQUE ADELICIA 186 CONDOS & LE SEL RESTAURANT SAINT THOMAS MIDTOWN CHURCH ST AMERIGO & BLACKSTONE RESTAURANTS 20TH AVE N BROADWAY BROADWAY BROADWAY ALLEY #444 DIVISION ST UNDER CONSTR: THE MORRIS 300 APTS CHET ATKINS PLACE 17TH AVE S 18TH AVE S MUSIC SQUARE EAST MUSIC SQUARE WEST 19TH AVE S HAMPTON INN UNDER CONSTR: AERTSON MIDTOWN 350 APTS & 180 ROOM HOTEL PLANNED: PARKING GARAGE FOR MIDTOWN MEDICAL PLAZA WEST END GRAND AVE 21ST AVE S
MIDTOWN MARKET MAP SKYHOUSE 10,150 SF RETAIL 100% LEASED I-40 BRIDGESTONE ARENA ELEMENT MUSIC ROW THE GULCH BROADWAY ROUNDABOUT PLAZA OFFICE VIRGIN HOTEL SITE MUSIC SQUARE WEST THE BRISTOL ON BROADWAY MUSIC SQUARE EAST 1,991 SF RETAIL CHET ATKINS THE MORRIS 6,400 SF RETAIL 7,198 SF RETAIL
18TH & CHET STREET-LEVEL RETAIL PLAN RETAIL FOR LEASE 7,198 SF RETAIL FOR LEASE 1,991 SF 18TH AVENUE SOUTH CHET ATKINS PLACE RETAIL AT 18th & CHET 812 18th AVENUE SOUTH NASHVILLE, TN 37203
18TH & CHET EXAMPLE RETAIL SCHEMES
EXAMPLE RETAIL SCHEMES: 7,198 SF MARQUEE RETAIL
EXAMPLE RETAIL SCHEME: 1,991 SF (AMENITY RETAIL: CAFÉ, FITNESS, POSTAL, ETC.)
EXTERIOR RENDERINGS & RETAIL RENDERING EXTERIOR & RETAIL RENDERING EXTERIOR & RETAIL RENDERING
$3.7B IN BUILDING PERMITS APPROVED BY METRO NASHVILLE 22 TOWER CRANES IN NASHVILLE S URBAN CORE 3.1% OFFICE VACANCY IN MIDTOWN NASHVILLE MIDTOWN NASHVILLE STATISTICS
FOR LEASING INFORMATION: AUSTIN BENEDICT +1 615 493 9221 austin.benedict@cbre.com JOHN MAXWELL +1 615 493 9230 john.maxwell@cbre.com 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.