Foreclosure Estate Home in Brentwood, TN – Hampton Reserve

A local bank has foreclosed upon a $1+ million dollar home in the Hampton Reserve neighborhood in Brentwood, TN. Brentwood is one of the most affluent areas in Tennessee and is located in Williamson County (the top ranked county in Tennessee for schools, income, quality of life, etc.). Brentwood is located 11 miles due south of Nashville and is mostly a pillow community that only features commercial development of consequence in the Maryland Farms area.

The home is a 6 bed, 4.5 bath, 4 car garage 6,921 square foot estate property that was originally sold for $1,345,000 in April of 2007. At this point, the bank is ready to move it off the books and may accept a much lower offer. We can speak individually about that number, but I believe that a clean offer with a quick close will range between $875-900k. We will need to submit written offers to the bank.

Hampton Reserve currently has 17 homes on the market ranging in price from $1.125 mil to $2.099 mil. There has only been 1 closing in Hampton Reserve in 2008 to date.

*Pictures are from before it was sold to April 2007 buyer:

Brentwood, TN Foreclosures
Great kitchen in Hampton Reserve

Buy this home for pennies on the dollar

wonderful Williamson County location

Grant Hammond sells high dollar foreclosures

Brentwood Tennessee homes

Estate home in Brentwood

Foreclosure estate home in Brentwood, TN

Hampton Reserve Estate Homes

Incredible foreclosure deal in Brentwood, TN

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Eakin Partners Begin Site Work on Gulch Offices

I recently drove by the corner of 12th Avenue South and Demonbreun Street in the Gulch and noticed that the old tire repair and replacement building was in the process of being cleared. I had not heard anything about this project since early to mid 2007, but it appears that Eakin is going to be building its twin office tower concept or another office space concept. This property was expected to be a 16-20 story tower and would impressively change the landscape and entrance to the Gulch which lacks any office space of consequence.

Demo at the Aiken Partners new office building

Eakin project rendering for office tower in the Gulch

The Gulch is most notably known for its residential and condo new construction projects. Currently the Icon, the Velocity, and the Terrazzo are all under construction and will deliver almost 1,000 condos between the summer of 2008 and the end of 2009. It is our belief that the Gulch will become the premier downtown residential area of Nashville by 2010 if construction in Sobro is further delayed.

If you enjoyed this article, you may also enjoy:

Foreclosure Estate Home in Brentwood, TN – Hampton Reserve

A local bank has foreclosed upon a $1+ million dollar home in the Hampton Reserve neighborhood in Brentwood, TN. Brentwood is one of the most affluent areas in Tennessee and is located in Williamson County (the top ranked county in Tennessee for schools, income, quality of life, etc.). Brentwood is located 11 miles due south of Nashville and is mostly a pillow community that only features commercial development of consequence in the Maryland Farms area.

The home is a 6 bed, 4.5 bath, 4 car garage 6,921 square foot estate property that was originally sold for $1,345,000 in April of 2007. At this point, the bank is ready to move it off the books and may accept a much lower offer. We can speak individually about that number, but I believe that a clean offer with a quick close will range between $875-900k. We will need to submit written offers to the bank.

Hampton Reserve currently has 17 homes on the market ranging in price from $1.125 mil to $2.099 mil. There has only been 1 closing in Hampton Reserve in 2008 to date.

*Pictures are from before it was sold to April 2007 buyer:

Brentwood, TN Foreclosures
Great kitchen in Hampton Reserve

Buy this home for pennies on the dollar

wonderful Williamson County location

Grant Hammond sells high dollar foreclosures

Brentwood Tennessee homes

Estate home in Brentwood

Foreclosure estate home in Brentwood, TN

Hampton Reserve Estate Homes

Incredible foreclosure deal in Brentwood, TN

Eakin Partners Begin Site Work on Gulch Offices

I recently drove by the corner of 12th Avenue South and Demonbreun Street in the Gulch and noticed that the old tire repair and replacement building was in the process of being cleared. I had not heard anything about this project since early to mid 2007, but it appears that Eakin is going to be building its twin office tower concept or another office space concept. This property was expected to be a 16-20 story tower and would impressively change the landscape and entrance to the Gulch which lacks any office space of consequence.

Demo at the Aiken Partners new office building

Eakin project rendering for office tower in the Gulch

The Gulch is most notably known for its residential and condo new construction projects. Currently the Icon, the Velocity, and the Terrazzo are all under construction and will deliver almost 1,000 condos between the summer of 2008 and the end of 2009. It is our belief that the Gulch will become the premier downtown residential area of Nashville by 2010 if construction in Sobro is further delayed.

If you enjoyed this article, you may also enjoy:

New Proposed Hotel for Downtown Nashville

New downtown Nashville hotel on Broadway

From the Nashville City Paper Today:

“Denver-based Sage Hospitality today unveiled the new design for the proposed hotel along Lower Broadway after having filed with the Metro Planning Commission an amendment to the zoning approved for the project last year.

Sage started the process with the Nashville Metro Council a month ago but had no images of the redesign until today.

Now dubbed Broadway Hotel, the project is shorter than originally approved and doesn’t contain condominiums. The proposed number of rooms increases from 375 to 457.

Earl Swensson Associates and Hawkins Partners handled the redesign and made it more friendly to the historic facades along Broadway.

The planning commission takes up the amendment on April 24. Council has the amendment on the public hearing meeting for May 6 and could be approved at the next meeting in May.

The hotel flag may or may not be Westin. But the developer says the hotel would be four-star quality. Despite the tight credit markets, Sage is confident the money can be obtained to build the project.

A major positive is Nashville’s hotel market in general continues to get stronger occupancy and higher rates, particularly downtown.

Sage along with The Barber Group of Arkansas battled hard to get the special-plan zoning. Historic preservationists opposed the project because of its size and possible negative impact on Lower Broad’s historic character. Metro Planning Director Rick Bernhardt thought it too large for the street as well.”

This project is not connected to the new Nashville convention center, but is certainly connected to the expected demand. In my opinion, Nashville lacks a good selection of 4 star hotel options and could absorb another 2-3 luxury brand hotels.

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New Proposed Hotel for Downtown Nashville

New downtown Nashville hotel on Broadway

From the Nashville City Paper Today:

“Denver-based Sage Hospitality today unveiled the new design for the proposed hotel along Lower Broadway after having filed with the Metro Planning Commission an amendment to the zoning approved for the project last year.

Sage started the process with the Nashville Metro Council a month ago but had no images of the redesign until today.

Now dubbed Broadway Hotel, the project is shorter than originally approved and doesn’t contain condominiums. The proposed number of rooms increases from 375 to 457.

Earl Swensson Associates and Hawkins Partners handled the redesign and made it more friendly to the historic facades along Broadway.

The planning commission takes up the amendment on April 24. Council has the amendment on the public hearing meeting for May 6 and could be approved at the next meeting in May.

The hotel flag may or may not be Westin. But the developer says the hotel would be four-star quality. Despite the tight credit markets, Sage is confident the money can be obtained to build the project.

A major positive is Nashville’s hotel market in general continues to get stronger occupancy and higher rates, particularly downtown.

Sage along with The Barber Group of Arkansas battled hard to get the special-plan zoning. Historic preservationists opposed the project because of its size and possible negative impact on Lower Broad’s historic character. Metro Planning Director Rick Bernhardt thought it too large for the street as well.”

This project is not connected to the new Nashville convention center, but is certainly connected to the expected demand. In my opinion, Nashville lacks a good selection of 4 star hotel options and could absorb another 2-3 luxury brand hotels.

If you liked this post, you may also like:
Foreclosure in Historic East Nashville
Bristol Development may sue West End condo buyers
Nashville Baseball Stadium Con’t

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