Wednesday, November 16, 2011

A&R Development picked for $17M Jonestown project - Nashville Business Journal:

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The project falls into the city’s aims to remake Centrapl Avenue, which has seen a wave of new developmentg in recent years building off the success of nearbyHarbort East. A&R, led by Anthonyy Rodgers, hopes to build a mixed-use developmentg including 107rental 18,000 square feet of retail spacr and 156 parking spaces. said Tuesday it awarded the firm exclusive negotiatingh rights forthe city-owned land at 110 S. Centrapl Ave. and 1120 Granby St. The properties combinde for about 29,000 square The BDC, the city’s economic development arm, offered the and two others, up for redevelopment in Augustt 2008.
“These properties give the city the opportunith totake vacant, underutilized propertiesa and have them renewed as privatee enterprises that will generate taxes and enhance the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodie said in a statement. The city also tappex Mitey LLC to negotiate for a second siteat 1301-1300 E. Lombard St. Miteyt is a real estatde company formedby Gerry’s Tire Service, which hopesz to use the property to expand its adjacenft business. Mitey plans to use the 4,518-square-footr property in the short term as a temporary parking lot for its business and would expand ontothe city-ownerd property in the future.
The city is reserving the rights for the third at130 S. Central Ave.

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