the melrose neighborhood continues gaining momentum

8th ave south aptanyone who has driven down franklin pike/8th avenue south has probably noticed the ever changing landscape.  two huge apartment developments, the 266-unit 23hundred apartment community and the melrose, a 220-unit development three or four blocks down the road, are both helping the community take shape.  now, lennar, the nation’s second biggest homebuilder, plans to break ground on a new apartment building on 8th avenue south in between the two, this september.  the 320-unit apartment development will sit on 4.4 acres,  former home to a jaguar dealership.  at its tallest point, it will be four stories.

with the residential buildings going up, there is a demand for more retail and restaurants.  bliss home, a new knoxville-based home furnishings store, opens later this month (4.21) in the recently vacated merridian home space.  all of the spaces that front the melrose have been leased as well already.  melrose billiards remained the only carryover from before.  lunatic fringe salon opened earlier this year.  two permits for two separate restaurants have been pulled for the building, one on the south end and one on the north end in the historic movie theater space. top chef star dale levitski will be at the helm of sinema at the north end.logo-bliss

and if you live in the neighborhood and noticed kroger is renovating and you have no idea where the peanut butter is located in the store lately, they are shooting for renovations to be completed by end of june.

12 south lofts adds to new trend planned for 2013

the future 12 south lofts apartment development

the lot next to rumours wine bar on 12th avenue has been purchased.  a mixed use project consisting of 90 luxury apartments and 9,800 square feet of retail space is the game plan for the site.  the project will be known as 12 south lofts.

previously the tennessee roofing company, rumours wine bar & the blackbird tattoo parlor, the .82 acre was purchased for $1.2 million.  the project is set to break ground in april 2012 with the, mostly one bedroom, apartments ready for occupancy by late spring 2013.

this is the latest in a trend of apartment developments planned for the city.   at least 15 projects with at least 50 units within a 3.5 mile range is slated for construction in the upcoming months.  more than 3,1000 total units are in the pipeline if all of the projects come to completion.  five of those projects are currently already under construction:

:::eleven north on the corner of charlotte pike

:::elliston 23 across the street from elliston soda shop

:::midtown place slated for completion summer 2012 at 1018 18th avenue south near vanderbilt

midtown place

:::ryman lofts on the river near rolling mill hill

::vista germantown

in the spring, an additional six are gearing up:

:::park 25, a giarratana project near centennial park

:::west end village

:::gatewood, a metro develpoment on dickerson road

:::the melrose, across from melrose pub on 8th avenue south

:::pine street flats in the gulch

:::a to be named music row development at 16th & horton avenues

eleven north

still in the brewing phase is a bristol development group 240-unit mid-rise on demonbreun.  it will be in the big parking lot across from tin roof and otters near the roundabout.  they are in talks for a possible grocery store on the street level but nothing is confirmed yet.  they hope to begin construction later in 2012.   also, ray hensler who developed the adelicia has big plans for a condo tower on the corner of demonbreun & 12th leading into the gulch and tony giarrantana has concepted a similar one in sobro near the convention center.

eleven north in december

pretty safe to say if these all materialize, it would vastly transform the landscape, ushering in a new chapter in downtown living.  the concept is relatively new for the city.  the cumberland, a high-rise apartment development which opened downtown on church street in 1998, paved the way for the idea.  even though interest rates are at an all time low as of last week, not everyone can be approved for a home loan or is ready to establish roots.  until then, sounds like there will be options.