Gannett, the publisher of The Tennessean is looking for a buyer for property it owns in The Gulch. The company is the largest chain of newspapers in the country. The Gulch has taken off in the last couple years, making it one of the more sought after areas to live in Nashville.
It was reported in the Nashville Business Journal, that Gannett is offering up land that is currently being used for parking for its employees. It does appear though, that the Tennessean will be staying in their current building. Part of the deal for any would-be developer is that they must provide 450 parking spaces to be used by The Tennessean.
Good to Be in The Gulch
The Gulch has become one of the hottest places to live for many young professional in Nashville. It offers a great blend of restaurants, nightlife and convenience to work and local events. Eleven North, which was hugely successful, is one of the latest apartment developments to be built in the area.
The property is situated on the Broadway overpass, Church Street, 11th Avenue and railroad track – just south of Eleven North. According to the Journal, there have been several developers interested in the property for mixed use living and retail. This would appear a perfect fit for this location. Eleven North proved that there is a market for housing in the northern part of The Gulch and with more housing, retail spaces should thrive.
Nashville has seen so much activity this year, that it is hard to stay on top of everything. It was just announced today that developer Tony Giarratana has established plans for a 32- story building with 300 apartments and 20,000 square feet of retail and restaurants in the nearby area of SoBro. These definitely are busy and exciting times in Nashville. What’s your take on the latest real estate happenings?