The sale of properties in the nearby Germantown neighborhood indicates a belief that a new Nashville Sounds (Class AAA; Pacific Coast League) ballpark will bridge the gap between there and downtown, driving economic development.
The city has already floated a plan to build a new ballpark for the Sounds at the Sulphur Dell site, the former home to pro baseball there between 1885 and 1963. (For a great overview of the site’s history, check out the Sulphur Dell website.) Right now the old ballpark site and surrounding environs are a mass of parking lots, parkland and undeveloped land. The thought is that a new ballpark would be the anchor of further development linking downtown Nashville and the capitol area to the historic and emerging Germantown area. We spent the weekend in Nashville and visited the old Sulphur Dell site: to say Nashville is a city on the rise is an understatement, with plenty of new development in the West End, downtown and the Gulch. New development northwest of downtown would act as a bridge to the Germantown area, already a funky area on the rise.
With that in mind, the developers are descending on Germantown, according to the Tennessean:
With interest growing around plans for an $80 million ballpark for the Nashville Sounds on the old Sulphur Dell site, a pair of properties in Germantown could be getting new ownership….
Both moves reflect how the already strong interest in Germantown real estate has picked up after the proposed ballpark was announced.
“It’s nice to see these infill development sites get absorbed because that further shows the Germantown area as a hot development market,” said Chad Grout, a principal with Urban Grout Commercial Real Estate.
We should be hearing more about the Nashville ballpark plan in coming weeks.
RELATED STORIES: Key to new Sounds ballpark: Significant contribution from team owners; Nashville mayor: No financing plan yet for Sulphur Dell ballpark; Nashville: Bring baseball back to Sulphur Dell; Sounds extend Greer Stadium lease — but no new ballpark in sight; Sounds: We prefer East Bank for new-ballpark site; Nashville ballpark sites narrowed to three; Researching ballpark sites in Nashville; Nashville seeking community input for ballpark site; Nashville once again moving forward on new ballpark
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