Friday, March 11, 2011

H.G. Hill poised to make impact on Charlotte

H.G. Hill Realty, who has been one of Nashville's most visible developers of late, could one day make an impact on Charlotte Avenue. H.G. Hill has developed Hill Centers in Green Hills, Belle Meade and West Nashville and is soon to break ground on a mixed use development on Broadway and Division.

H.G. Hill owns two prominent parcels of land along Charlotte:

Charlotte Avenue & 40th Avenue North

H.G. Hill owns all of the vacant land as well as the abandoned warehouse in the background and last year purchased the car wash and cash advance location to complete the parcel. Total area is approximately 8 acres. In a published online Q&A with CEO Jimmy Granbery, he states this about the property at 40th Avenue:

"We've assembled a piece of property on Charlotte on the west side of Nashville near the old car wash (40th and Charlotte), maybe 8 acres. It would probably be commercial with maybe some residential behind it, maybe single-family, maybe some condos or apartments."

Charlotte Avenue & White Bridge Road

With the near completion of the TDOT project at White Bridge and Interstate 40, this major intersection is prime for some redevelopment. H.G. Hill owns the real estate on the northeast corner of the intersection, which currently houses another cash advance location and a tire shop. In a recent article in the Nashville Business Journal, Mr. Granbery suggested that it may be time to move forward with something else on the property once the lease expires on the current tenants in 2012. The article can be read here in its entirety.

While none of this news is of anything concrete or current, it is good news that a prominent developer such as H.G. Hill is present and sees the potential for Charlotte Avenue.

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