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Restaurateur to build new rooftop venue

By Linda Bryant - Nashville Business Journal
September 2, 2007

Restaurateur and club owner Benjamin Goldberg will open Aerial, a glass-covered meeting and events venue, on the roof of his Paradise Park Trailer Resort honky tonk diner on Lower Broadway in late September.
 
Unlike the cheeky redneck themes of Paradise Park - with its trailer park theme - the 2,000-square-foot Aerial is designed to have a sophisticated appeal.
 
"Our idea is to have a high-end, private events space," Goldberg says.
 
The success of Paradise Park, which launched in March, helped make Aerial happen sooner than expected. The 24-hour bar and diner outperformed revenue expectations by 25 percent and will exceed $2 million in revenue in 2007, Goldberg says.
 
The Aerial space on top of 411 Broadway in the old Heilig-Myers Furniture store overlooks symbols of Nashville past and present - the honky tonks of Lower Broadway such as Tootsie's Orchid Lounge, the Ryman Auditorium, the Sommet Center and the new Schermerhorn Symphony Center.

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Marks family brings horsepower to Williamson's Leipers Fork

By Linda Bryant - Nashville Business Journal
July 20, 2007

A ranching family with deep roots in the cattle country of Central California is becoming influential in Middle Tennessee.
 
Not only is the Marks family a major player in the high-density, rapid-growth Monopoly board of downtown Nashville development, it's wielding an impact in the idyllic community of Leipers Fork in Williamson County.
 
The Marks, via their development company Tower Investments, are building three sprawling equestrian-themed subdivisions in the rustic unincorporated area - a spot beloved by residents, preservationists, horse lovers, artists, farmers and old-timers.
 
Leipers Fork residents are known for being fiercely protective of the natural beauty of the area and area Realtor Ray Helmsworth says the family is getting a warm reception.
 
"They are really passionate about maintaining the natural beauty of the area," Helmsworth says.

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Tower Investments To Open SoBro Office

By Press Release
July 10, 2007

Leaders in downtown redevelopment cement local presence
 
NASHVILLE, Tenn. - Tower Investments, LLC, the multi-state real estate investment and development company with significant holdings and projects in Nashville's urban core and surrounding counties, is cementing its local presence by opening an office at 411 Broadway in downtown.  This marks the first office that Tower has opened outside of its headquarters in Northern California.
 
"Physically opening an office here signifies our long-term commitment to this region," senior vice president Alex Marks says. "We're bullish on Nashville and see it as one of the most vibrant growth and development opportunities in the country."

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Developers visit Galesburg

By Kevin Sampier - The Peoria Journal Star
June 23, 2007

Business owners, Realtors, brokers tour former Maytag plant
 
Galesburg - Economic development leaders invited businesses to Galesburg on Friday in the hope they would help fill several million square feet of available space.
 
"It's one thing for me to talk about a (1 million square-foot) building," said Linda Utsinger, vice president of business development for the Galesburg Regional Economic Development Association. "It's another thing for people to actually see it."
 
GREDA, Tower Investments LLC., Industrial Realty Group and several other organizations invited real estate agents, brokers and business owners to the former Maytag plant on Monmouth Boulevard. They hoped to attract businesses that would lease space in the building.
 
Tower Investments and Industrial Realty Group own the 1.3-million square-foot former Maytag plant, the 850,000 square-foot Maytag warehouse and the nearly 1 million square-foot building that once housed Butler Manufacturing.

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Industrial centers in spotlight

By John R. Pulliam - The Galesburg Register-Mail
June 23, 2007

Tours of Maytag, Butler sites promote possibilities
 
GALESBURG - Many cities offer a spring festival of homes, having open houses for potential buyers. Galesburg had a similar event Friday, but the buildings were a bit larger. Galesburg Days featured an open house for brokers and Realtors at the former Maytag and Butler Mfg. facilities here.
 
The tours of the former Maytag factory, distribution center and the 900,000-square-foot Butler Mfg. complex continue today for the public. Anyone interested in touring the buildings that Tower Investments and Industrial Realty Group hope to bring back to life can do so from 10 a.m. to 2 p.m. Tours can begin at any building.
 
Peter Yanson, senior vice president for Quadrelle Realty Services, and Matt Marks, senior vice president, Tower Investments LLC, opened Friday's event with a PowerPoint presentation. Yanson said QRS acts as the property management agency for Tower and IRG.
 
Marks said Tower has more than 100 active real estate projects in 14 states. Yanson said IRG has 70 projects in about 25 states. While Tower Investments is involved in everything from residential to commercial, retail and hotel projects, Yanson said IRG is "basically strictly industrial rehabilitation in a big way."

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Developers market former Galesburg Maytag, Butler plants

By John David - WQAD TV, Moline
June 22, 2007

GALESBURG, Illinois - Real estate developers and Galesburg leaders are getting a first look inside the massive former Maytag plant. Now owned by a California-based company, this is a chance to find new uses for the facility. Franck Muller Replica
 
"The beauty is that we can accomodate big users to small users," said Matt Marks, Tower Investments.
 
The general public will get a rare chance to go inside the former plant, distribution center and Butler Manufacturing on Saturday. Tours will run from 10 a.m. until 2 p.m. at all three locations.
 
When the Maytag plant closed nearly three years ago, most of the remaining 1,600 jobs were wiped out and replaced at a plant in Reynosa, Mexico. After decades of refrigerator production, the bustle of busy workers is contrasted now with wide open spaces.

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Business column: Investors from California buy big slice of Nashville riverfront

By Chas Sisk - The Tennessean
April 30, 2007

Marks family's philosophy behind involvement in redevelopment incorporates a 'simple formula'
 
It's easy to rhapsodize about riverfront development. But the Marks family doesn't seem like the type to rhapsodize.
 
To them, the decision to take the plunge on Nashville's waterfront was about cold, hard arithmetic: rising land prices in California plus a good business climate in Tennessee plus a little bit of water equals economic opportunity.
 
It's a simple formula. So simple that Alex Marks, the family member responsible for residential development, finds it difficult to explain it without seeming glib.
 
The family came to Nashville "because you have a river," Alex Marks said. "It will sell itself."
 
Earlier this month, the family's firm, Tower Investments LLC, bought a majority stake in the $250 million Cumberland Yacht Harbor marina-and-condo project. It also negotiated an option on 28 acres owned by the descendants of the founders of the Steiner-Liff scrap yard, the industrial metal recycler now owned by PSC Metals Inc.

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New ownership bolsters marina project

By Chas Sisk - The Tennessean
April 20, 2007

An upscale Midstate condo and marina project may get a boost after a family of California investors announced plans to buy a majority stake.
 
The Marks family, a northern Californian ranching clan that has been buying sites across Middle Tennessee, said Thursday that it has taken over as senior partner in the $250 million Cumberland Yacht Harbor project in Donelson.
 
The deal, made through the Marks family firm Tower Investments LLC, will mean new pricing, different floor plans and other changes to the 43-acre development.
 
"It really is going to blossom," said Alex Marks, the firm's head of residential development.
 
The investment should inject more momentum into the project, said Michael Hayes, a local real estate investor who owns land near the Marks family's downtown Nashville holdings.

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Horse country's exclusive residential development springs up on rural fringe

By Linda Bryant - Nashville Business Journal
April 20, 2007

Exclusive residential communities for horse lovers are emerging on the rural fringes of Middle Tennessee just beyond high-growth suburban areas.
 
Construction of several homes is underway at Beechwood Plantation in the unincorporated Leiper's Fork area of Williamson County. The second phase of the four-phased, 500-acre project was launched earlier this month. Audemars Piguet Replica
 
Huge estate tracts with price tags from $319,000 to $750,000 - ranging from 5. 9 acres to 41 acres - are features of the private development.
 
About 6 miles of riding trails are available and residents are encouraged to build their own barns, says Alex Marks, senior vice president of Tower Land Co., the developer.
 
Tower plans to build six private residential communities where horses are welcome on 2,200 acres in Williamson, Maury and Fentress counties, Marks says.

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First home in equestrian-friendly development begins to take shape


Ray Helmsworth, principal broker and owner of RANN Realty, stands at the entrance of Beechwood Plantation, a new equestrian-based housing development in Leiper's Fork. The first house is under constr
By Cathi Aycock - For Williamson A.M., The Tennessean
April 20, 2007

LEIPER'S FORK COMMUNITY ? Beechwood Plantation doesn't do anything small. It has miles of riding trails. Miles of rolling hills and hidden valleys. And miles to go. But at least the first mile ? or more accurately, the first milestone ? has already been reached.
 
"We have the first property going up right now. The footings are poured and the vertical walls will be going up next. And we have sold six lots in phase one and two already," said Ray Helmsworth, an agent with RANN Realty in Franklin who is selling the lots in the Leiper's Fork development.
 
He says Beechwood Plantation is on the verge of much more building activity.
 
"We are getting the roads completed. Soon, all the lots will be accessible for the builders. It is an exciting time here," Helmsworth says.

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