Legacy Springs
Sulphur Dell, Nashville, TN RECAPTURING THE PAST TO PROGRESS INTO THE FUTURE
BLACKSMITH QUARTERS MASTER PLAN
Iñigo: 41 Years Old Wells Fargo Banker Getting dinner in the Blacksmith Quarters after an inconceivably
Chris: 25 Years Old Graphic Designer Lives above her favorite coffee shop with ample opportunities for people-watching
Wesley: 34 Years Old Spontaneous Musician Collaborates with musical neighbors and lives just steps from a performance and practice venue
long week
Eddie Irons Statue Commemorating his heroic ninth inning, bases-loaded triple capping a late game comeback on May 8th, 1959
STOCKYARD JUNCTION PHASING
PHASE ONE - BLACKSMITH QUARTERS
Zhu, 31 Years Old Dell Computers Always walks, bikes or buses to her
Morris Family: Early 40’s with 2 Kids Architect/Professor Going to summer ballgames and
destination
outdoor activities with family
PHASE TWO - THE MARKET
Emily: 32 Years Old Heathcare Loves the outdoors and walk with her dog, Rover
PHASE THREE - STOCKYARD JUNCTION
GERMANTOWN EDDIE IRONS SQUARE
THE MARKET
Anthony: Claims 27, Actually 32 Weekend browser at the Farmer’s Market Garage
DEVELOPMENT THEMES HEALTH-FOOD
ARTIST-MUSICIAN HOUSING
Farm-to-table restaurants and fresh grocery outlet Open space & fitness trails encourage active lifestyle Promote healthy, local produce from the market Bikeable and walkable streets reduce car dependence Food safety and healthy eating education
Provide affordable housing and community health resources to local artists and musicians Coordinate programming with “Iron Works” music venue Free, accessible studio space for audio and visual arts
Tom and Mary: 60-Something Recently Retired Enjoys morning coffee as the sun rises over Bicentennial Park
ECONOMIC DEVELOPMENT
RETAIL - 10%
BLACKSMITH QUARTERS
HOTEL - 13% MUSIC VENUE - 2% LIGHT INDUSTRIAL - 2%
HISTORIC BUENA VISTA
WATER MANAGEMENT
Localized food processing, storage and distribution facility will generate local jobs and help support regional farmers Utilize the existing transportation, distribution and industrial infrastructure Urban warehousing for projected need for ecommerce distribution within urban centers Vocational education and job training Total New Residents 2,778, Total New Jobs: 740
PROGRAM
Residential courtyards as drainage collection sites All new development is climate adaptive to be flood resistant Storm water runoff will flow along the bike path and through biofiltration swales
STOCKYARD JUNCTION
Music Venue Size
d
an Gr
OFFICE/COMMERCIAL - 3%
OFFICE/COMMERCIAL - 3%
RETAIL - 26%
RETAIL - 10%
RETAIL - 6%
HOTEL - 15%
HOTEL - 13%
HOTEL - 9%
LIGHT INDUSTRIAL - 7%
LIGHT INDUSTRIAL - 2%
LIGHT INDUSTRIAL - 3%
MUSIC VENUE - 2%
MUSIC VENUE - 1%
MARKET RENTAL - 63%
MARKET RENTAL - 39%
MARKET RENTAL - 39%
WORKFORCE (120% AMI) - 21%
FOR SALE - 38%
FOR SALE - 38%
AFFORDABLE (50% AMI) - 17%
WORKFORCE (120% AMI) - 13%
WORKFORCE (120% AMI) - 13%
AFFORDABLE (50% AMI) - 10%
AFFORDABLE (50% AMI) - 10%
PUBLIC VALUE
WATER MANAGEMENT AND SUSTAINABILITY
>2000
pr
OFFICE/COMMERCIAL - 5%
NET PRESENT VALUE: $176,267,715 UNLEVERAGED IRR BEFORE TAXES: 15.0% LEVERAGED IRR BEFORE TAXES: 46.9% INITIAL SITE VALUE AT YEAR 0: $100,320,218 PROJECTED SITE VALUE AT YEAR 10: $630,197,148 LOAN TO VALUE RATIO: 66.5%
GULTCH NORTH
eO
RESIDENTIAL - 77%
FINANCE BICENTENNIAL CAPITOL MALL STATEPARK
Ol
RESIDENTIAL - 71%
NASHVILLE SOUNDS
THE MARKET
SITE STRATEGY
RESIDENTIAL - 47%
y
600-2000
Monthly Average Nashville Rain = 4.3 in x Roof + Courtyard = 213,000 SF x .623 conversion factor = 47,550 Gallons of Rainwater Demand for Water Storage = 6,352 Cubic Feet of Water Catchment Tank
300 - 600 200 - 300 < 200
Key Transit Stops Bike Share
DOWNTOWN NASHVILLE
50
100
$50.5 MILLION PROPOSED 10-YEAR DEVELOPMENT TAX REVENUE $6 MILLION AS-IS 10-YEAR TAX REVENUE
Farms Industry/Distribution Higher Education Healthcare Airport
AGRICULTURE, HEALTH AND INFRASTRUCTURE
VENUES, BUS STOPS AND BIKE SHARES
LAND USE AND PARKING STATE OF TN ARCHIVES AND LIBRARY
PARK APARTMENTS PARKING GARAGE SMALL SCALE FOOD PRODUCTION
142008
BICENTENNIAL CAPITOL MALL STATEPARK
NASHVILLE SOUNDS APARTMENTS
STATE OF TN MUSEUM
142008
COURTYARD
142008
CUMBERLAND RIVER