Novare announces plans for Phoenix. Is Jacksonville next?

[Jason]

If you want to send me the pic and I can post it for you.

[Jason]

Here is FSUJax's pic of Novarre's building in Nashville....

[fsujax]

Thanks Jason.  Notice how close it is the existing building.

[Jason]

Now that's density!

[thelakelander]

here's another view:

[reednavy]

That's my purty downtown high-rise. Other than Encore, they are planning a multiple tower development in the Gulch area of downtown. The same man that built Viridian is pushing the Signature Tower, you may have heard of it, it's only going to be 1,057 ft

[reednavy]

I just managed to locate this from WTVF CBS Channel 5 in my hometown of Nashville.

http://www.newschannel5.com/Global/SearchResults.asp?RecordNum=11&vendor=wss&qu=condo+boom

Click on  DEMAND IS HIGH and BIRD'S EYE VIEW  for videos showing the explosion in Nashville.

Watch Bird's eye view first, then watch Demand is high. It was a 2 part series and that was the order the were shown on TV.

[reednavy]

The towers are too close together in my view.  Even a few more feet to the left would make it look better.  Now you have a two faced monstrosity - the new attractive tower on the right and the old 70s ugly one on the left.  Either way, I hope these guys come to Jax soon.

Actually, the L&C is from 1953, and was originally the tallest in the SE at that time. The L&C is leased to State of TN right now, and when the lease ends, it is likely to be converted to condos. The top floor used to be an obrservation deck, but was closed after a suicide in the 1980's. At least it took out a surface lot on the most prominent residential street for condos, Church Street.

[thelakelander]

Thanks for the link.  I'm suprised to see the Signature Tower is still moving forward and doing well, despite the lull in the national housing market.  Downtown Nashville will benefit greatly from having a large amount of towers rise in a relatively compact area.  With the dense residential influx, the demand for retail, entertainment and dining uses at street level, should boom rapidly.

With a little luck and swift permitting, hopefully we can see the same thing happen with the Northbank.

[reednavy]

Thanks for the link.  I'm suprised to see the Signature Tower is still moving forward and doing well, despite the lull in the national housing market.  Downtown Nashville will benefit greatly from having a large amount of towers rise in a relatively compact area.  With the dense residential influx, the demand for retail, entertainment and dining uses at street level, should boom rapidly.

With a little luck and swift permitting, hopefully we can see the same thing happen with the Northbank.

It's already happening. Morton's The Steakhouse, Quizno's, H.G. Hill Urban Market grocery at the base of Viridian, Panera Bread, Subway, 2 Starbucks', and more are at Viridian or within 2 blocks of it. The ramp up is underway and continuing. Downtown JAX has so much incredible potential, it hurts, if only this town could get descent developers and a good city council and mayor!

[Jason]

Thanks for diggin up those news stories.  They sound very familiar to all the buzz around here about a year ago. 

Like Lake said, the northbank is primed for the same thing Nashville is seeing.  I think the development of the proposed Riverwatch Tower will be the tipping point for the downtown condo boom.  Throw in a signature Novarre tower on the vacant lot across the street and there will be an instant demand for all of the follow on retail and entertainment downtown because a substantial residential base will be there to support it.