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Welcome to the Investment Insights Newsletter, curated by Ca South Development. We are excited to share quarterly updates on the Southern markets, and how this pertains to our current focus and investment strategy.
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R E G I O N A L U P D A T E S
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AMAZON ANNOUNCES HUB IN NASHVILLE - 5000 JOBS
We were extremely excited last week to hear the announcement of Amazon's hub in Nashville, bringing 5,000 well-paying corporate jobs to the downtown Nashville Yards site. This development is over 1,500,000 square feet, and surpasses over $1B (Nashville Yards Website).
USA Today Article HERE
On the same day, global accounting firm, Ernst & Young announced the move to downtown as well, bringing 600 high-paying jobs to Nashville
Business Journal Article HERE
Both of these sites are in close proximity to several Ca South Development projects underway and in the pipeline - we are looking forward to being a part of shaping our ever-growing community.
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ULI RELEASES EMERGING TRENDS IN REAL ESTATE 2019
Meg joined Urban Land Institute this past quarter, and attended the Emerging Trends in Real Estate 2019 presentation. This gave a comprehensive overview of the national market, and how this relates to future investment in the South East. Some of the key takeaways that reflect Ca South Development's current investment strategy:
- Nashville ranked #5 in US Markets to Invest In - Nashville continues to attract capital from all over the world. Outside money is willing to pay higher prices than local capital.
- The volume of capital is not constrained. The key is finding projects that can be executed using that capital.” $266 billion of private investor “dry powder” targeting real estate.
- Expected Best Bets - “Industrial development. The expansion of e-commerce is far from over, and the need for facilities to accommodate a denser distribution network is acute and will only increase over time. Warehouse/distribution vacancy is at a historic low, as one senior adviser noted in his interview. While ports and hub cities still play key roles, infill opportunities give “last mile” break-bulk sites—even multistory properties—a chance to join the party."
- The traditional attractions of the suburbs—larger homes, good schools, and lots of green space—have not changed. What is different is that amenities now in demand include access to mass transit and walkable neighborhoods in proximity to shop- ping and entertainment.
ULI Emerging Trends in Real Estate 2019 Report HERE
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NASHVILLE CIVIC DESIGN CENTER - ANNUAL LUNCHEON
"Nashville Civic Design Center is a nonprofit organization whose mission is to elevate the quality of Nashville's built environment and to promote public participation in the creation of a more beautiful and functional city for all." Meg sits on the Board, and was honored to be a part of the Annual Luncheon with Keynote speaker, Mike Lydon, speaking on "Tactical Urbanism" - essentially, how we can efficiently create spaces in our city to foster walkability, gathering, and a better environment for the community.
Learn more about NCDC HERE
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Nashville Civic Design Center Annual Luncheon
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O U R C U R R E N T P R O J E C T U P D A T E S
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NEW PROJECT - Hendersonville, TN
140,000 sqft of industrial "flex office" space catered toward warehouse/light-industrial/office users within 15 mins of downtown.
Players: Ca South Development, Certified Construction Services
Current Progress: Site Plan Approval and Engineering
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909 Hawkins Street, Nashville, TN
Players: Ca South Development, Armistead Arnold Pollard LLC, The Bradley Projects, Certified Construction Services.
Current Progress: The concrete foundations of this building are well under way, as concrete walls and columns go-up.
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317-347 Rachel Springs, Franklin TN
100,000 sqft of modern office condos in prime location of Franklin across two buildings at 25,000 sqft and 75,000 sqft.
Players: Ca South Development
Current Progress: Site approval was obtained, and preparation for grading is now taking place. Office spaces are officially on the market - allstonoffices.com
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Players: Ca South Development, Certified Construction Services.
Current Progress: Grading and Site Structural Work
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MEG AUBALE EPSTEIN
FOUNDER
Meg strives for excellence and results every day, and she has the credentials to prove it. She has always maintained a self-sustaining, entrepreneurial spirit and has worked her way from the bottom up. To learn more about Meg visit megepstein.com
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"TO LIVE EFFICIENTLY, IS TO LIVE FULLY" - MEG AUBALE EPSTEIN
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