by Mignonne Bryant | Feb 12, 2015 | News Slider
Construction of a 17-story building in Green Hills has come to a halt, affecting the business of nearby shops and restaurants. Southern Land Company has suspended work on the $100 million development after a lawsuit against the project. The project, named 4000 Hillsboro, is located on the corner of Richard Jones Road and Hillsboro Pike. Construction first began in July and came to a halt right before Thanksgiving. Richard Fedock, owner of Lenny’s Sub Shop located on Hillsboro Pike, said he hopes the construction is completed soon, as it will drive in customers. “It would mean a great deal to increase traffic and business for me at this location, which is actually what I’m hoping for, this project does get going sooner rather than later,” Fedock said. “Because of all the construction people that would be coming for lunch [over] the next two years. Once you have retail space [that] will bring some extra traffic.” Fedock said 67,000 square feet of office space and several stories of high-end apartments will boost business during the evening hours. “You know, people – they’re going to want to walk downstairs to go to dinner if they don’t want to fight the traffic out here on Hillsboro Road,” Fedock said. “So for me, it would be a very plus to my business.” But for Emad Eshak, manager of Sam’s Discount Tobacco & Beer located on Hillsboro Pike, the construction is not much of a plus. Eshak said that two-way lanes near his business were turned into a one-way lane, which increased traffic and derailed tobacco consumers. “It stops our business for me, because my customer [says] ‘No, I...
by Carly Bergthold | Nov 14, 2014 | News Slider
Gas prices can seem random, but there is a method behind the ups and downs. According to GasBuddy, Nashville gas prices haven’t been this low since late 2010. Lipscomb economics and finance professor Bill Ingram said prices have to do with simple supply and demand. “It’s all because of the price of crude oil,” Ingram said. “A big part of the cost of a product is the cost of the material that goes in the product. The United States is producing much more crude oil, so we’re less dependent on foreign oil.” In 2014, gas prices in Nashville spiked around April and began falling in July, which Ingram said is normal. “In the summertime when the demand increases, it puts more pressure on the manufacturers,” Ingram said. “They may have to use some equipment that’s less efficient. Some states require them to produce a different kind of gas in the summertime because there’s more of a chance of pollution. That costs more.” Customer demand and the price of crude oil, however, do not explain the variety of gas prices in one area. That is simply business. “One of the driving forces of pricing in product is competition,” Ingram said. “Certain parts of town, like a few blocks from campus in Green Hills, there are just a couple gas places. But if you go in another direction, like Thompson Lane, there are more places to buy gas. So it has to do with competition as well as the demographics of the neighborhood. Someone in Brentwood, where it’s more affluent, might be willing to pay more for convenience.” The cheapest places...
by Brianne Welch | Aug 28, 2014 | News Slider
The Green Hills Tower construction has been delayed due to an appeal from the Green Hills Neighborhood Association. Back in September of 2013, Southern Land announced its plans to build a 22-story tower on the corner of Richard Jones Rd. and Hillsboro Pike. The project was scheduled to begin construction in 2014. Ground was broken then, but in the spring of 2014, the Neighborhood raised concerns about the height of the tower saying it conflicted with the Green Hills urban design overlay. On March 27, the Metro Planning Commission approved Southern Land’s final site plan. This plan depicts a 17-story tower, but on Tuesday Aug. 12 the Neighborhood announced it was taking the case to the Tennessee Court of Appeals. The tower will bring new housing, business and office space to the Green Hills area, and some local business are very excited about the increased population. “I think it’s just going to create more traffic, and we’re going to see more business as a result,” local retailer Zach Mulder said. While business owners are enthusiastic about the construction, some residents aren’t as pleased. “It’s nice that they have more residential building going on,” Royal Arms apartments resident Kelsey Reiman said. “But it really messes with the traffic. There’s already a ton of traffic because of the construction, and it’s only going to get worse with all the people living there.” Both the driving traffic and business traffic will increase due to the tower, but the final decision on just how tall the structure will be has not been determined. Southern Land said they plan to begin construction later this...
