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P R I M E R E T A I L F O R L E A S E
8 1 8 1 9 T H A V E N U E S O U T HN A S H V I L L E , T E N N E S S E E 3 7 2 0 3
THE MORRIS
PROJECTLennar Multifamily Communities is developing “The Morris,” a 19-story luxury apartment project which will include a total of 344 residential units, 450 parking stalls and 6,200 SF of street-level retail. The project developer seeks a restaurant tenant for the 6,200 SF who will capitalize on the dynamic Midtown market and the wealth of traffic and new development which surrounds the site.
PROJECT LOCATIONThe subject project is ideally located in the Midtown area of Nashville just two blocks from the Vanderbilt University campus, and within view of the Division Street entertainment district, one of Nashville’s most vibrant nightlife destinations. The project is also proximate to St. Thomas Midtown Hospital, Music Row (music industry offices), hotels, restaurants and retail. Of note, the immediate area represents one of the densest for ongoing, scheduled and proposed residential development.
PROJECT COMPLETION DATEThe project is currently under construction. Developer anticipates delivering the first round of completed apartments to residents July 2017, at which time the retail space will be available for delivery to retail/restaurant tenants. Apartments will be delivered to residents as they are completed. Developer anticipates all apartments will be completed with a final development completion date of November 2017.
LOCATION OF RETAIL FOR LEASEThe subject retail space for lease is a 6,200 SF block wrapping the corner of 19th Avenue South & Chet Atkins Place. The retail space will feature a generous outdoor patio area along with direct access from the sidewalk at 19th Avenue South as well as Chet Atkins Place.
PARKING FOR RETAILERSA 450-stall parking deck is located on the 5 levels above the retail. Of the 450 stalls, 60+ are reserved for use by retail tenants and their guests. A valet stand will be located on the first level. Other retail parking will be negotiated and may include validation options and limited free parking for patrons. Developer is flexible and intends for the parking to be an amenity for the retail tenant(s) and patrons.
HIGHLIGHTS
Project & Completion:
“The Morris” includes 344 apartments with 6,200 SF of retail. Scheduled initial delivery is July 2017
Retail SpaceFor Lease:
6,200 SF. Developer prefers a single tenant but space may be divided into ~2,400 SF and ~3,800 SF
Rent, Operating Expenses & Utilities:
Tenant will pay Base Rent plus NNNs estimated at $5.00 Per SF. All retail utilities are separately metered. Tenant will pay utilities directly
Outdoor Patio: Outdoor patios may be utilized on both 19th Ave S. & Chet Atkins
Retail Parking: Project 450 stalls total, with 60+ reserved for use by retail tenant(s) and patrons
Ceiling Heights: 12-14’ from interior floor to bottom of deck above
Trash: Retail tenants will have shared access to a common dumpster/compactor
Grease Trap: Landlord will install a 2,100 cu ft grease trap located between the retail premises and Alley #444. Landlord will provide a 4” drain line from grease trap and stubbed into the retail premises
Sprinkler: Fire protections with upturned sprinkler heads will be included in the retail premises
HVAC: None supplied. Tenant will locate HVAC units on parking deck above the retail space. Kitchen exhaust will be located facing Alley #444
Utility Lines Delivered to Retail Premises:
» All meters located on wall facing Alley #444 » Electric: a sub-panel will be available in telecom/
electrical room adjacent to loading dock. 400 amp 120/208V-3PH-4W will be available
» Gas: 2” natural gas service will be delivered to the premises with gas meters located on the “meter wall” (concrete wall within retail premises facing Alley #444)
» Water: 2” domestic water supplied to premises and located at ceiling
» Sewer: 4” sanitary line stubbed to Premises
DEVELOPMENT OVERVIEW
DEVELOPMENT OVERVIEW
DN
UP
DN
UP
DN
UP
MICROUCREF
REF.
UNISEXRESTROOM
8'-6" CLG.
ASSISTANTMANAGER
16'-0" CLG.
MANAGER16'-0" CLG.
LEASING16'-0" CLG.
COFFEEBAR
16'-0" CLG.
LOBBY16'-0" CLG.
UPS/ DRYCLEANING
16'-0" CLG.
HVAC.CLOSET
16'-0" CLG.
CONCIERGE16'-0" CLG.
WORK/ BREAKROOM
10'-0" CLG.
TELECOM.16'-0" CLG.
POD 116'-0" CLG.
POD 216'-0" CLG.
POD 30'-0" CLG.
BUSINESSCENTER
16'-0" CLG.
HALLWAY16'-0" CLG.
HYD
9 6"BR ICK
COMBINATION
S EWER
2A5-02
492'-0"
489'-0"
494'-6"
FIRE RISER112
492'-4"
489'-0"
EMERGENCYGENERATOR
118
ELECTRICAL116
X
RETAIL/RESTAURANT
SPACE101
489'-0"
METAL CANOPY ABOVE
ELEV LOBBY103
TEL/ELEC110
LOADING DOCK107
489'-0"
492'-4"
EMERGENCYELEC
117(6) BIKE RACKS
@ 9 BIKES EA. (54TOTAL CAPACITY)
494'-6"
80" CHAINLINK FENCEAND 36"x80" GATE TOUNDERSIDE OF RAMP
BIKE RACK(TYP)
ELEV 044500#
ELEV 033500#
ELEV 023500#
ELEV 013500#
2M
2M2M
2M
2M
M
2K6
2K6
PARKING DECK ENTRY
142.0
0°
2M
2M
2M
2M
2M
2M
2M2M
489'-0"
489'-0"
2K6
2K6
1H6
492'-0"
2L4
2M
2K6
495'-0"
113
104B
106B
108
104A100B
C2c
117
116B
115B
116A118
111
110
7'-7"
7'-7"
7'-7"
7'-7"
10'-0
"8'-
6"8'-
6"8'-
6"
7'-8" 8'-6" 8'-6"
8'-6"
8'-6"
29'-0"
18'-0"
101F
101E
106A107A
101B
DRY VALVE120
C5
PUMP ROOM111
ELEV. CORR.108
486'-6"
119
MM
8'-6" 8'-6"
VAN
LOBBY & LEASING100
2L4
B
2M
115A
STAIR 01105
VESTIBULE102
EXIT CORR.104
100A
101C
101D
STAIR 02114
EXIT CORR.115
METAL CANOPY ABOVE (TYP)
19TH AVENUE
CHET
ATKI
NSPL
ACE
ALLEY #444
8'-6"
C
C
C
CC
M
16'-11 3/4"
8'-6"
UP 7.50%489'-0"
DOG SPA109
109
107B
C2a
TRASHCOMPACTOR
106
1'-2" 24'-0"
492'-4"492'-4"
C4
C4
495'-0"
494'-6"494'-6"
496'-0"
496'-0"
496'-0"
490'-0"
492'-4"
494'-6"
494'-6"
FUTURE STEPPED SLAB
489'-0"
489'-0"
492'-0"
5A5-25
492'-4"
494'-6"
488'-6"
C4
C4
112
AREA DRAIN(REF. PLUMBING)
T.O.W.
FIRE COMMANDCENTER
113
RAMP
UP5.7
7%
MAINTENANCE119
100C
C1
JANITOR100A
101A
C4
RA
MP
DO
WN
8.33
%
PROPERTY LINE
PROJECTNORTH
TRUE NORTH
VALET
PATIO
GREASE TRAP
18” FLOOR HEIGHT CHANGE18” FLOOR HEIGHT CHANGE
RETAIL FOR LEASE6,200 SF
19TH AVENUE SOUTH
AVENUE #444
CH
ET A
TKIN
S PL
AC
E
RETAIL AT “THE MORRIS”818 19th AVENUE SOUTHNASHVILLE, TN 37203
MIDTOWN MARKET
STREET LEVEL RETAIL RENDERINGS BUILDING EXTERIOR RENDERING
EXTERIOR AND RETAILRENDERINGS
1 MILE 3 MILES 5 MILES
POPULATION
2015 Population 14,461 106,357 210,6612020 Population 15,340 111,856 220,7362010 Population 13,218 99,982 199,9572000 Population 12,388 99,291 201,943Percent Pop Change: 2010 to 2015 9.40% 6.38% 5.35%Percent Pop Change: 2015 to 2020 6.08% 5.17% 4.78%
AGE
2015 Median Age 24.84 30.76 33.162015 Average Age 31.35 35.09 36.75
HOUSEHOLDS
2015 Households 4,862 45,022 88,9552020 Households 5,380 48,000 94,2582010 Households 4,118 41,279 82,8382000 Households 3,536 40,135 82,547Percent HH Change: 2010 to 2015 18.07% 9.07% 7.38%Percent HH Change: 2015 to 2020 10.65% 6.61% 5.96%Average Household Size 1.67 2.01 2.14
INCOME
2015 Median Household Income $29,738 $34,311 $38,3962015 Average Household Income $53,163 $63,140 $65,6302015 Per Capita Income $17,875 $26,728 $27,713
HOUSING UNITS
2015 Housing Units 5,748 50,964 99,549Occupied Units 4,862 45,022 88,955Vacant Housing Units 886 5,942 10,5952015 Owner-Occupied Housing 1,415 17,316 42,2832015 Renter-Occupied Housing 3,447 27,706 46,671
EDUCATION
2015 Population Age 25 and + 7,156 66,926 138,915High School thru Associates 2,904 27,889 62,214Bachelor's Degree 1,922 16,832 32,025Graduate Degree 1,377 12,631 23,098
PLACE OF WORK
Total Businesses 6,380 16,453 24,705Daytime Employment (Total Employees) 109,918 247,942 346,544
Untitled map
Untitled layer
1 MILE
3 MILES
5 MILES
DEMOGRAPHICS
FOR LEASING INQUIRIES:
AUSTIN BENEDICT+1 615 493 [email protected]
CBRE150 4th Avenue North, Suite 2110Nashville, TN 37219www.cbre.com/nashville
© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. PMStudio_January2016
Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
P R I M E R E T A I L F O R L E A S E
8 1 8 1 9 T H A V E N U E S O U T HN A S H V I L L E , T E N N E S S E E 3 7 2 0 3
THE MORRIS