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Welcome to the Investment Insights Newsletter, curated by CA South where we share quarterly updates on the Nashville market and how it impacts our development and investment strategy.
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CA SOUTH'S PUBLISHED ARTICLES
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Edgehill Site Sells for $19.6M
CA South and a Connecticut entity have paid almost $19.6 million for an Edgehill site located near downtown Nashville’s inner-interstate loop on which it plans a project.
View Nashville Post Article HERE
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News Roundup of Greater Nashville's Tech Industry
Nashville's tech scene is about to radically change with the arrival of Oracle and Amazon.
View Nashville Business Journal Article HERE
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U.S. MarketFlash: Industrial Taking Rents Now Growing Faster
Average industrial asking rents increased by a record 8.3% year-over-year in Q4 2020 and by 7.1% in Q1 2021.
View CBRE Article HERE
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Oracle Wins Major Vote Toward a $1.2 Billion Campus in Nashville
Oracle Corp. cleared a major hurdle in moving closer to building a $1.2 billion urban campus in Nashville, that promises to eventually comprise 8,500 highly paid technology employees for the Fortune 100 company.
View CoStar Article HERE
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2020 STEM Job Growth Index
RCLCO, partnering with CapRidge Partners, has produced the 4th annual STEM Job Growth Index (“STEMdex”), once again highlighting a number of metro areas commonly recognized as STEM strongholds, as well as three new entrants showing strong future potential.
View Real Estate Consulting Article HERE
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OUR CURRENT PROJECT UPDATES
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910 8th Ave Opportunity Zone
Apartments + Retail
Mixed-Use Project on 8th Avenue South
3 acre parcel located at 910 8th Ave. S., Nashville
Opportunity Zone project featuring 250+ units and 19,000 sq. ft. of Retail.
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Players: CA South Development
Current Progress: We have officially closed on this property, and are preparing to start demo.
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"Parachute" Opportunity Zone
Apartments + Retail
Mixed-Use Project on 8th Avenue South
located at 1009 8th Ave. S., Nashville
Opportunity Zone project featuring 108 multifamily units and 3,000 sq. ft. of Retail neighboring Sobro and Wedgewood-Houston.
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Players: CA South Development, Certified Construction, The Bradley Projects
Current Progress: We have officially broken ground this past month, as the demolishing of the existing building was completed.
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Players: CA South, ARCO/Murray
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Current Progress: We had our "Blast Party" in May to officially start kick off construction at this industrial site.
June will be a critical month for construction as both pads A and B will be delivered, allowing utility work around the buildings to be installed. This also includes the placement of footers and foundations.
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Players: CA South, Avenue Construction
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Current Progress: The grading pad has been completed, and the GC is working on concrete foundations.
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Players: CA South, Griffin Partners
This project is located 25 miles east of Downtown Nashville with excellent proximity to freeways and provides badly needed industrial space to the 20,000 to 50,000+ SF warehouse user.
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Current Progress: Construction is fully underway, as we go vertical.
We have already been approached by several buyers to buy pre-stabilization.
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Players: CA South, The Bradley Projects, Certified Construction
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Current Progress: We had our VIP sales round, which could not have gone better, selling 4+ units within days. Our waterfront development is the premier STR development in Nashville.
Sales Team: Compass Real Estate. For inquiries, please visit evenashville.com
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Current Progress: The building progress continues at Allston, as we near full completion.
Sales Team: CBRE // Pre-sales Stage
allstonoffices.com. For inquiries, contact Bryan Fort at (Bryan.Fort@cbre.com).
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"Alina" Condos - Nashville, TN
50 Modern Condo Units
located at 806 Olympic Ave., Nashville
Players: CA South, The Bradley Projects, Certified Construction Services
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Current Progress: Alina is fully complete and 70% is sold.
Sales Team: Compass Real Estate
https://www.alinanashville.com/
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Players: CA South, The Bradley Projects, Certified Construction
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Current Progress: We are finalizing design in preparation for groundbreaking towards the end of the year.
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"Illume" Condos - Nashville, TN
Players: CA South Development, Armistead Arnold Pollard LLC, The Bradley Projects, & Certified Construction Services.
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Current Progress: The project is fully sold and returned an 78% IRR.
CA South Management currently provides property management services for the HOA .
Illumenashville.com
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MEG AUBALE EPSTEIN
FOUNDER
Meg strives for excellence and results everyday in her personal and professional life. Her projects combine cutting edge design, affordability, and efficiency to provide the ultimate in "affordable luxury urban living".
Meg exemplifies the entrepreneurial spirit and the "American Dream", having worked her way up from construction site manager to developer and Fund manager.
To learn more about Meg visit
megaubaleepstein.com.
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"TO LIVE EFFICIENTLY, IS TO LIVE FULLY" - MEG AUBALE EPSTEIN
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