Project plan

Metro OKs Rolling Mill Hill Mixed Use Project Plan | Development

The Metro Development and Housing Agency’s design review board on Tuesday approved the final elements of a plan for the roughly $300 million Peabody Union mixed-use project in Rolling Mill Hill.

Nashville-based developer Ray Hensler and his development partners will take on the project, with a breakthrough project expected by April.

Hensler and Stiles are set to complete the $16 million purchase of the 4.57-acre property, with a primary address of 30 Peabody Street and overlooking the Cumberland River, by the end of February. The team will acquire ownership from MDHA, with the design review board having previously approved the overall project plan.

Peabody Union will rise 27 stories and offer 354 residential units. In addition, a 251,000 square foot Class A office building will rise six stories on the site. Additionally, the overall development will include 50,000 square feet of retail space.

Fall 2024 completion is expected, Hensler said.

Hastings Architecture, based in Nashville, designed the buildings, with the local office of Turner Construction, based in New York, to serve as the general contractor.

In a separate action, the DRC did not vote on the concept plan for a Hyatt Caption envisioned for the Gulch site on which the Whiskey Kitchen restaurant and bar currently operates.

Planned for 12 floors at 118 12th Ave. S., the boutique hotel building (see more images here) will sit at the intersection of 12th Avenue South and McGavock Street.

Legend Hyatt

According to one source, the committee responded favorably to the overall height and planned setbacks along McGavock Street, but asked the developer’s design team to review the building clustered along 12th Avenue and consider additional curbside program and height along 12th Avenue.

An entity affiliated with Nashville-based CB Ragland Co. will develop the site, having paid $5 million for the property in 2021. The owner brought in Nashville-based Hastings Architecture to design the building. The team will revise parts of the plan and resubmit it. In October, the DRC reviewed the plan for bonus height requests and bonus withdrawals but did not take a vote.

Hyatt Caption is a new concept for Hyatt and is aimed at millennials who embrace minimalism and the simple living movement. The first Hyatt Caption is planned for Beale Street in Memphis.

It should be noted that an entity affiliated with CB Ragland developed the SoBro site housing a Hyatt Centric hotel on Molloy Street (between Second and Third Avenues South).