We are glad that you are keeping up with the news about our Gulch Project. First a bit of explanation about our Project. Our firm, Marketstreet Equities, is the equity owner of the new "Gulch" residential and mixed use project that lies generally between Demonbreun Street on the North, the I-40 inner loop on the West, the CSX railroad tracks on the East and Division Street on the South. A sister company, Marketstreet Management, LLC handles the day-to-day management and development issues for the Project. These companies own virtually all of the redevelopment entity, Nashville Urban Venture, LLC. So much about us!
The proposed alternative convention center site that is being discussed in The Gulch--is north of Church Street (several blocks away) and lies generally in the area of the Nashville Electric Service and some of the surrounding properties there. It would have little or no affect on our mixed use residential Project to the south.
We believe that any "big box" project (like a convention center) that is to be located in the City should be carefully considered because it could have a very damaging affect on the immediate surrounding community. It will bring a huge amount of traffic in spurts, will dislocate many normal activities and will require a huge amount of parking from time to time. As a company we are not taking a position on the matter because neither of the locations being proposed, we believe, would adversely affect what we are doing to The Gulch in our area of re-development. However, we believe that maintaining a street grid in the area of So-Bro is important, and Demonbreun Street should become a major pedestrian and vehicular access route to and from the central City.
The good news is that although virtually all of the units we are developing in The Gulch in the ICON have been sold, we are getting ready to announce a new project in the next several months. It will really be a wonderful project that will continue to build on the what we have done already and make The Gulch an even better and more special place to live, work, and play. Remember that there are other companies building projects in our Gulch area, and we wish them well, but the projects that are being developed by the Marketstreet team are the ones to look for. We will be developing for years to come to meet the needs of the City. Thank you for you interest regarding our Gulch Project.
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