Originally published February 23, 2016 by William Williams | Nashville Post.
Investors buy Gulch building for $3M
Structure to be updated to accommodate barbershop, jazz club
Nashville-based 600 Ninth Partners LLC has paid $3 million for a small masonry building in The Gulch and plans to begin Mid-May renovation work that eventually will retail businesses.
Led by SVN and SVN, the real estate investor group already has signed leases with Rudy’s Jazz Room and Scout’s Barbershop. The building will be called 600 Ninth and is located at the southeast corner of Ninth Avenue South and Gleaves Street (see here courtesy of Google Maps).
Creed, who serves with Snipes as a partner at the Nashville office of SVN, said the investors are in negotiations with owners of restaurant concepts but are not yet committed to a restaurant/bar to anchor the adaptively reused building. In addition, 600 Ninth Partners talking with a creative office user in an effort to eventually bring the property to 100 percent occupancy.
An October completion for the project — the design for which is being handled by Nashville-based Pfeffer Torode Architecture — is being targeted, Creed said.
“We are very excited about renovating this old building,” he said. “The original structure served as the Nashville-Chattanooga railroad headquarters in the 1800s and has a lot of really cool features that tenants simply cannot find in new construction.”
Nashville-based Scout’s Barbershop operates a shop on Main Street in East Nashville and on 46th Avenue in West Nashville. Rudy’s Jazz Room will be a new concept.
Creed said the investors opted to renovate — a move he called “ a refreshing approach given all the new high-rises in Nashville” — as opposed to demolishing and building new.
“600 Ninth has everything our investors and tenants are looking for — vintage urban property with some serious sex appeal,” Creed said.
Creed said the investors are not disclosing the cost to renovate the building.
Brooke Allison, Scout’s co-owner with Keila Previno, said she wanted the third Scout’s to be located in The Gulch.
“We’re excited to have a presence downtown and near the Central Business District, as well as all of the historic places that Music City has to offer,” Allison said. “We will be walkable for visitors and residents of The Gulch.”
Adam Charney, co-owner and president of the entity that owns Rudy’s Jazz Room, said the live music venue also will offer a New Orleans-inspired menu and craft cocktails.
“With all the growth in Nashville the last 15 years or so, the city is primed for a jazz club now,” Charney said. “So many musicians have moved here. The timing is right for a live music venue that we will modeled after classic New York City jazz clubs.”
Charney said Rudy’s Jazz Room will be open seven nights per week.