Holladay Properties is considering redeveloping the 22-acre site where the vacant Donelson Hospital on Lebanon Pike stands. The company has submitted plans to rezone land at 3055 Lebanon Pike to allow for a mixed-use project. The site, now called Donelson Corporate Center, once housed the Donelson Hospital, which closed more than a decade ago. It has since operated as office space but is now empty.
If rezoning is approved, the development could include a grocery store, apartments, restaurants, retail space, office space and single-family homes.
The project would allow for up to 600 residential units, 100,000 square feet of office space and 65,000 square feet of restaurant, retail and grocery store space, for a total of nearly 1 million square feet.
The rezoning request will go before the Metro Planning Department for approval in Sept.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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