Eighth avenue building near downtown could see update

The Eighth Avenue South property home to a Habitat for Humanity ReStore is now for lease, with the owners hoping to significantly update the modernist warehouse building on the site.

May 5, 2017 | Nashville Post

Structure prepped for future with looming departure of Habitat for Humanity ReStore

The Eighth Avenue South property home to a Habitat for Humanity ReStore is now for lease, with the owners hoping to significantly update the modernist warehouse building on the site.

Located at 1001 Eighth Ave. S. a handful of blocks south of downtown and built in 1973, the building sits on about 0.57 acres and spans 10,000 square feet. (See the property herecourtesy of Google Maps.)

Crowell Capital Partners GP, overseen by Mary Margaret Crowell Bourbeau and Frank Crowell III, owns the property. The late Frank Crowell Jr., long known for his holdings and knowledge of properties located both near and on Eighth Avenue South, acquired it in 1997 for $450,000, according to Metro records.

Bourbeau said the attention and changes both Eighth Avenue South and its various side streets continue to make the property all the more worthy of a facelift and a new use. Of note, Metro is considering overhauling the street’s form and function (read more here).

“We would like to execute on this adaptive reuse design if we find the right tenant,” she said, noting Nashville-based Centric Architecture was enlisted to create a rendering (pictured).

Nashville-based OakPoint Real Estate is listing the property, which is envisioned as being upgraded to Class A retail, restaurant and/or creative office space.

Rick Helton, an OakPoint principal, is teaming with colleague Jeremiah Pyron on the marketing and leasing effort. (Click on the above rendering to see an aerial photo.)

“This building sits at the center of growth in every direction,” Bourbeau said, referencing Edgehill, The Gulch, SoBro and Wedgewood-Houston. “The property offers some underrated downtown views from the parking lot. We are excited to explore the opportunities of what the building could be with the right tenant.”

Relatedly, Crowell Capital Partners recently listed for sale its Gulch property home to a building accommodating a different Habitat for Humanity ReStore.

That site spans 0.96 acres at 908 Division St., with OakPoint Real Estate the listing agent. Bourbeau said the property (read more here) is drawing a “healthy amount of interest.”

Last July, Habitat for Humanity paid $4 million for the former Kmart property located at Nolensville Road and Harding Place and eventually plans to move to the site.

Frank Crowell Jr., who died in July 2013 at 71, was a philanthropist and a Renaissance man of sorts. In addition to his real estate holdings (which he managed through JFC Enterprises), he worked as an actor and as a game-day announcer for the Vanderbilt Commodore football and men's basketball programs for 22 years starting in 1981.

Contact


Nashville

2 Music Circle South, Suite 200
Nashville, Tennessee 37203
615.997.0010 Email Nashville

Austin

8200 North Mopac Expressway, Suite 115
Austin, Texas 78759
512.241.0017 Email Austin