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Tower Investments and Carrell Family sell 4 parcels for $180/square foot in downtown Nashville (site of new Music City Omni Hotel) for $31.7 million

By Press Release
July 11, 2011

Date
Sq. Ft.
Price/Sq. Ft.
Seller
Buyer
05/18/2011
27,704
$180.14
Tower
TN Dept. of Transportation
12/23/2010
4,529
$179.68
Tower
Omni Hotels
11/18/2010
41,622
$181.57
Carrell Family
Omni Hotels
11/04/2010
102,070
$179.68
Tower
Omni Hotels
 
Average
$180.27
 
 

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Forbes Lists Nashville As No. 3 Boom Town

By Janet Kim - News Channel 5
July 8, 2011

NASHVILLE, Tenn. - Music City is getting national attention as one of the country's top boom towns. Forbes.com has listed Nashville in their top five.
 
In order to put together the list, Forbes with the help of a strategy group determined what cities were best positioned to grow and prosper in the coming decade. Nashville came in third.
 
Forbes looked at the 52 largest metro areas in the country and ranked them based on past and present growth. According to the report, Nashville earned its ranking for low housing prices and pro-business environment. The city has also experienced a rapid growth in educated migrants. The city is also seeing growth in new ethnic groups, such as Latinos and Asians.
 
Two advantages specifically cited for Nashville and other rising Southern cities area a mild climate and a smaller scale. Music City does not appear to be suffering from transportation bottlenecks reported in older growth hubs.
 
Among other cities on the list, Austin, Texas is ranked number one. Raleigh, North Carolina is ranked two. San Antonio, Texas and Houston, Texas were numbers four and five. Several of the nation's former boom towns are now toward the bottom of the list. Los Angeles and Chicago are tied for 47th place.

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Sale of Northern California Ranch land to two Indian tribes

By Press Release
July 8, 2011

Tower Investments has sold 7,934 acres of its ranch land in Northern California - to two Indian tribes. Tower Investments had owned and operated these ranches for many years.
 
Yolo County, CA:
Yocha DeHe Wintun Nation: 1,494 acres - added to its ongoing stewardship of its ancestral lands and its culture. The tribe operates diversified farming and ranching operations in Capay Valley, and includes winemaking and olive oil production. The Nation also owns and operates the Cache Creek Casino Resort, the largest private-sector employer in Yolo County.
 
Colusa County, CA:
Cachil DeHe Band of Wintun Indians: 6,440 acres, adding to its diversified ranching and farming operations. The tribe grows crops that include tree crops, grains and field crops, including 2,800 acres of rice. The tribe's reservation is the Colusa Rancheria, founded in 1907. The tribe also owns and operates the Colusa Casino Resort.

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FONTANEL MANSION and FARM HOUSE RESTAURANT RANKED BEST OF NASHVILLE

By Press Release
October 7, 2010

Nashville Scene Lists New Destination and Eatery in Annual Reader's Poll
 
(Nashville, Tennessee) -- October 7, 2010 -- After opening to the public exactly four short months ago, the residents of Middle Tennessee have voted the Fontanel Mansion and Farm one of the Top 3 in the category "Best Thing That's Changed in Nashville in the Last Year" in the Nashville Scene's 21st Annual Best of Nashville issue which just hit newsstands. Nashville's newest visitor destination ranked just behind "Volunteer spirit after May flood" and "We are Nashville" in the high-profile readers' poll. In addition the Farm House Restaurant at Fontanel was highlighted in the "Best Culinary Trend: Growing Your Own Food" category in the "Food and Drink 2010: Writer's Picks" in the same issue.

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Charity Events held at Stonyford Ranch

By Steve Marks
September 1, 2010

 


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Merchants' Overhaul Is Over, and It's Open for Business


Bartenders in vintage garb at the snazzy-looking new incarnation of Merchants
By Dana Kopp Franklin - Nashville Scene
July 30, 2010

There's a hip new bistro in town, but it has a long history. It's Merchants, the 22-year-old restaurant in a historic building on Lower Broadway.
 
The restaurateur brothers Benjamin and Max Goldberg bought Merchants earlier this year, and spent three months on a complete renovation of both the interior and the menu.
 
The Goldbergs, whose company is called Strategic Hospitality LLC, are known for diverse projects like the chic boite Patterson House and the kitschy, tourist-friendly Paradise Park Trailer Resort.

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SONGWRITERS SING FOR NASHVILLE CHRISTENS THE WOODS AT FONTANEL

By Press Release
July 20, 2010

Over 20 Songwriters Donate Time and Talent for Flood Relief

(Nashville, Tennessee...) -- July 20, 2010 -- The inaugural event at Nashville's newest music venue, the Woods at Fontanel, was christened by some of the world's most influential and revered songwriters Saturday night during Songwriters Sing for Nashville. Patrons gathered on the beautiful grassy hillside to hear music directly from the men and women who created songs recorded by some of the biggest names in electron beam deposition system history.

The day kicked off with Marc Beeson, Jaron Boyer, Chuck Cannon, Danny Flowers, James House, Kendell Marvel, Danny Myrick, James Slater and Lari White performing their hits on the Gibson Tunesmith Stage in the Farm House Restaurant at Fontanel. The music transitioned to magnetron sputter venue late in the afternoon, where 12 members of the Nashville Songwriters Hall of Fame delighted the audience with their own renditions of multi-genre hits spanning six decades.

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Goldberg Brothers Buy Merchants, Promising to Revitalize Dining Landmark


Max (left) and Ben Goldberg hang out with their vintage convertible. Photo by Eric England
By Dana Kopp Franklin - Nashville Scene
May 19, 2010

Benjamin and Max Goldberg, the brothers whose diverse projects include chic cocktail haven Patterson House and the kitschy Southern-fried bar and restaurant Paradise Park, are tackling a complete overhaul of pioneering downtown dining spot Merchants.
 
The Goldbergs bought the restaurant and have recruited an accomplished chef to take over the kitchen, according to a release sent out today on behalf of their company, Strategic Hospitality LLC. The new executive chef, Clayton Rollison, is a Culinary Institute of America grad who has worked at New York's well-known Gramercy Tavern. In Nashville, he served as sous chef at the swanky Capitol Grille at the Hermitage Hotel.
 
Merchants, which has operated in the 19th century commercial building at Fourth and Broadway for more than 20 years, helped jumpstart the revival of Lower Broadway as a home for fine dining and not just honky-tonks.

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Goldbergs team up with Tower on another restaurant project


By J.R. Lind - Nashville Post
May 19, 2010

["Since Tower Investments purchased 411 Broadway in 2005 (the old Heilig Meyer furniture store, which sat vacant for 12 years) and the adjacent Merchants Restaurant, Tower renovated both buildings. There are now 7 new businesses that employ nearly 100 full and part-time staff." ~ Steve Marks - content not part of original article]
 
Merchants marks third JV between restaurateurs and real estate investors
 
Nashville restaurateur brothers Max and Ben Goldberg are taking over one of downtown's most beloved dining spots.
 
The Goldberg's company Strategic Hospitality, already operating redneck-chic Paradise Park, rooftop venue Aerial and swanky speakeasy The Patterson House now runs Merchants at the corner of 4th and Broadway.
 
The building itself is owned by Tower 401 Investments LLC, an arm of the powerful Tower Investment land group, which also owns the Aerial and Paradise Park properties.

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Sale of 613,112 SF Morristown Industrial Facility Announced

By Press Release
April 20, 2010

Tower Investments sells Former Universal Furniture Building to CMH Set and Finish
 
Morristown, Tenn. - (April 20, 2010) - Tower Investments LLC, a Calif.- and Tenn.-based real estate investment and development firm announced today the sale of the former Universal Furniture building to CMH Set and Finish, Inc.
 
The 613,112-SF facility is situated on 35 acres on East Morris Blvd. in Morristown.

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