PROJECT OVERVIEW - images1.loopnet.com€¦ · project will deliver in 2021, and is the second phase of AJ Capital’s broader $500 million investment in and repositioning of the

MAY HOSIERY is the adaptive re-use of the oldest sock mill in the South, dating back to 1908. The property comprises a campus of 6 charming brick buildings set on 4 acres in Wedgewood-Houston.

The program consists of 40,000 square feet of spectacular Class A office space, 3 restaurants, 5 retail storefronts, and a private members club. May Hosiery is the first phase of AJ Capital’s redevelopment efforts in the submarket, and will complete in 2020.

PROJECT OVERVIEW

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NASHVILLE WAREHOUSE COMPANY is the ground up redevelopment of a 5.2-acre site at the northwest corner of 4th Avenue South and Chestnut Street, located in the rapidly expanding submarket of Wedgewood-Houston.

The cutting edge mixed-use campus features 305 residences, 200,000 square feet of Class A office space and over an acre of communal green space complimented by lifestyle retail and entertainment programming. The project will deliver in 2021, and is the second phase of AJ Capital’s broader $500 million investment in and repositioning of the neighborhood’s commercial core.

AJ CAPITAL PARTNERS is a dynamic private equity investment and development company with a portfolio of lifestyle hotel, luxury resort, and urban infill assets throughout North America and the United Kingdom, with AUM of $3.5 billion across 50 holdings. The firm’s focus is the creation of distinctive, locally-inspired properties set in high growth and high culture environments with diverse demand generators.

AJCP takes a hospitality-centric approach to design, programming, and place-making to create memorable real estate experiences. The company has a successful track record of collaboration with national brands, tenants, and operators —with specific expertise in the execution of major urban adaptive re-use projects with historical significance, ground-up development, and structured build-to-suits in leading markets.

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NASHVILLE NEIGHBORHOODS MAP

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AERIAL RENDERING

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MAY HOSIERY (PHASE I)

NASHVILLE WAREHOUSE CO. (PHASE II)

PHASE I: MAY HOSIERYDELIVERED

1) Blockhouse Barber (Retail)2) Tuck-Hinton Architects (Office)3) Parson’s Chicken & Fish (Restaurant) 4) Major Music Tech Company (Office)

UNDER DEVELOPMENT5) Boutique Hotel & Private Members

Club

AVAILABLE6) Retail (10,000 sf)

PHASE II: NASHVILLE WAREHOUSE COMPANYUNDER DEVELOPMENT

8) Major Music Company (Office) 9) 305 Residential Units

AVAILABLE10) Office (150,000 sf)11) Retail (20,000 sf)

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AERIAL RENDERING

NASHVILLE WAREHOUSE COMPANY RENDERING

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NEIGHBORHOOD

WEDGEWOOD-HOUSTONis a rapidly expanding submarket in Nashville’s urban core, located 1.2 miles south of the Central Business District; with adjacency to 12 South, the Gulch, and SoBro.

The district runs from 2nd to 8th Avenue between Wedgewood Avenue and Houston/Chestnut Streets. The area is diverse in both product and population, including historic homes and warehouses, as well as repurposed and new mixed-use developments.

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FOOD & BEVERAGEA) Americano Coffee LoungeB) B1281C) BastionD) Clawson’sE) Corsair DistilleryF) Diskin CiderG) Dozen BakeryH) Earnest Bar and HideawayI) FalconJ) Flaming Cocktail ClubK) Gabby’sL) Humphreys StreetM) Jackalope BreweryN) Nashville Craft DistilleryO) Parson’s Chicken & Fish

RETAILa) The Blockhouseb) David Lusk Galleryc) Julia Martin Galleryd) Ole Musice) Woodstock Vintage Lumberf) Zeitgeist Gallery

KEY DEVELOPMENTSI) May HosieryII) Nashville Warehouse Co.III) MLS Soccer StadiumIV) MarketStreet Fairgrounds Dev.V) T3 Finery

POINTS OF INTEREST1) Adventure Science Center2) Bento Box3) Fort Negley4) Houston Station5) Layman Drug Co.6) Saint Elle7) Southgate Station8) Track One9) United Record Pressing10) WeHo Crossing

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WEDGEWOOD-HOUSTON MAP

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Houston Station

WEDGEWOOD-HOUSTON KEY LANDMARKS

MLS Soccer Stadium Rendering (Nashville Fairgrounds)

T3 Finery Rendering (Hines Development) Fort Negley 11

WEDGEWOOD-HOUSTON PRESS

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2008 2009 2010 2011

2012 2013 2014 2015

2016 2017 2018 2019

AJCP is founded by Ben Weprin

Auberge Resorts Investment

Isle De France –Saint BarthInvestment

The Raleigh – Miami Investment

Hotel Lincoln –Chicago Investment

Thompson –Chicago Investment

The Raleigh –MiamiDisposition

Soho House – ChicagoInvestment

Chicago Athletic AssociationInvestment

Isle De France –Saint BarthDisposition

WeWork - Chicago

Investment

Graduate HotelsEstablished

Hotel Lincoln –ChicagoRecapitalization

Calistoga Ranch –Napa ValleyInvestment

Pontchartrain Hotel –New OrleansInvestment

Graduate TempeGraduate OxfordGraduate AthensGraduate CharlottesvilleInvestment

Thompson – NashvilleInvestment

Graduate RichmondGraduate LincolnGraduate BerkeleyGraduate Ann ArborInvestment

Nashville Mixed-Use ProjectInvestment

Hotel Lincoln -ChicagoDisposition

Auberge ResortsDisposition

Graduate MinneapolisInvestment

Graduate HotelsRecapitalization

Graduate BloomingtonGraduate NashvilleGraduate Iowa CityGraduate New HavenGraduate ProvidenceGraduate ColumbusGraduate Roosevelt IslandGraduate SeattleInvestment

The Armory – San FranciscoInvestment

Soho House ChicagoDisposition

Graduate EugeneGraduate Palo AltoGraduate AnnapolisGraduate East LansingGraduate FayettevilleGraduate State CollegeInvestment

Nashville Soho House & Mixed-Use ProjectPortland Mixed-Use ProjectNew Orleans Mixed-Use ProjectRusacks St. AndrewsInvestment

Graduate CincinnatiGraduate Chapel HillGraduate DallasGraduate KnoxvilleGraduate TucsonGraduate StorrsGraduate CambridgeGraduate OxfordInvestment

GRADUATE HOTELS LOCATIONS INVESTMENT TIMELINE

Graduate Seattle (Opened 2018)

AJ CAPITAL PARTNERS TRACK RECORD

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Marsh House (Thompson Nashville Restaurant)

EXISTING AJ NASHVILLE ASSET

20Exterior RenderingThompson Nashville

EXISTING AJ NASHVILLE ASSET

Rooftop Pool Rendering 21Exterior Rendering

MELISSA LILESVice President

[email protected]: 615.727.7424C: 615.480.2495

BILLY LYELL, CCIM Principal

[email protected] D: 615.727.7404C: 615.300.3741

CONTACT

700 12th Avenue South, Suite 302, Nashville, TN 37203615.727.7400 | www.avisonyoung.com

Documents

PROJECT OVERVIEW - images1.loopnet.com€¦ · project will deliver in 2021, and is the second phase of AJ Capital’s broader $500 million investment in and repositioning of the