I’ve been very interested with all the activity we’re starting to see in the North Gulch. With a few successful developments already, it appears that developers in Nashville believe that now is the perfect time to begin transformation of this area.
The Two Gulches Unite
From the sounds of it, it looks like we will be seeing the North and South sections of The Gulch in Nashville begin to merge together as expected by many. We mentioned in our post last week that Gannett was in the process of seeking a buyer for property they own in the North Gulch. The parcel is currently being used as a parking lot. It is expected that this property will become a mixed use development of condos, apartments and retail.
Now it has just been announced that the Porter Paints building will be demolished as well to make room for a new development. The property sits on a 32 acre multi parcel site owned by Northwestern Mutual Real Estate Services. Many of the buildings have already been razed in preparation.
Jeff Haynes, co-founder of Boyle Investment Co. and managing partner of Boyle Nashville LLC (working with Northwestern on the project) stated in The Post,”It’s fair to say that by the end of January, we’ll have all buildings down except for those home to Porter Paints and Nashville Glass,” Haynes said, those two structures should be torn down by April of next year.
The type of lifestyle the Gulch provides is in great demand and the real estate industry has taken notice and appears ready to offer more options in this area. This bodes well for anyone looking for the urban life, as of lately the options have been somewhat limited. It should be interesting to follow these stories and see what the future holds for The Gulch.