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Luxury Nashville Homes and Condos – Remarkable Homes by Grant
Hammond
Remarkable Homes is dedicated to serving the wealth based real estate
market in the Middle Tennessee area including, but not limited to: Nashville,
Belle Meade, Brentwood, Franklin, and Cool Springs. We take great pride
in our ability to locate, procure, and modify luxury estate homes and
residences for some of the most discerning individuals in the United
States. Our clientele includes more than 40 Fortune 500 executives,
past US Congressmen, and of course, country music stars.
Many of Nashville's most prominent residents choose to utilize our
world class portfolio management services, investment services, and
naturally, our resale services. For information, please email Grant@RemarkableHomes.com
or call Grant direct: 615-945-7123
Nashville's diverse housing market has many exquisite choices. We will
help you make the best choice rather it be a downtown condo with incredible
views or a rolling 18 acre estate. For more housing support, investing
guidance, financing updates, and community discussions visit our Nashville
blog.
Downtown Nashville Condo Market
I have lived in Nashville since 1990 and never has there been a period
when the true landscape of downtown has changed as drastically as now.
Since 2004 there have been several new projects of note either built
or currently under construction. To list a few: The Viridian Condos,
The Encore
Condos, The Icon Condos, The Terrazzo Condos, The Velocity Condos,
The Adelicia Condos, The West End Condos, The Enclave Condos, The Bristol
West End Condos, The Signature
Tower, The Pinnacle Commercial Tower, The SunTrust Commercial Tower,
The Schermerhorn Symphony Hall, The Intercontinental Hotel, The Hotel
Indigo, and many other mid-sized or boutique projects.
As one may guess, it will take time to absorb all of this new space
and thus, there will be a period within which investors can make some
serious money. Nashville’s increasing rental rates, mortgage rates
in sharp decline, and Remarkable Homes’ unique ability to identify
and acquire these opportunities allow you to capitalize first.
Why Invest in Downtown Nashville?
We love this question. The simple and true answer is that our downtown
is underutilized, underserved, and underpriced. Nashville has a MSA
population that exceeds 1.5 million, but only 4,500 people live downtown.
The reason is that cheap suburban sprawl coupled with the lack of an
urban growth plan allowed the surrounding counties to grab a large number
of businesses and residents. That has all changed with the advent of
the Nashville Civic Design Center and The Plan of Nashville in 2004.
There is now a very clear path that will guide the residential, commercial,
and retail development corridors of the city for the next 16 years and
we are poised to take advantage of those areas.
The first sign of things to come is the fact that Nashville overwhelming
elected a pro growth mayor in Karl Dean. 90 days into office he has
taken the reigns of the convention
center issue and is wrestling it into existence. Currently Nashville
operates the 115th ranked convention center in the United States, a
far cry from the current demand, let alone the future demand, but Dean
is pushing through a new $635,000,000 mega center that will fulfill
all of Nashville’s needs. This center will be under construction
by late 2009 and will eventually provide the city with 36,000 new jobs,
1 million new visitors a year, $65 million in new annual tax revenue,
and inject $800 million into our downtown economy annually.
Obviously, a new downtown convention center is not the only factor that
contributes to a city’s future real estate growth. The business
environment and culture has to be inviting and Nashville has a great
pitch: no state income tax, low property taxes, available corporate
tax credits, and one of the world’s friendliest citizenship. According
to the Nashville Chamber of Commerce, there are currently 42 major corporations
considering moving to the Nashville area. It is no stretch to believe
that at least a dozen will make the move since recently Nissan North
America, Caremark Rx, Mars, and Louisiana Pacific made the move. In
addition, it is known that Verizon and Google will also be opening regional
offices soon.
The Conclusion
The downtown Nashville gold rush has yet to happen. We predict that
within the next 2 years commercial and retail property values will begin
to increase sharply and then spike in 4-5 years. Now is the time to
lay roots in the area and to begin speculating in underutilized areas
of the central business district, market district, music district, Sobro,
and Gulch areas before other developers make their move first.
Tower Investments of California, Bowtie
Partners of NYC, and the Lionstone
Group of Houston have all already made significant plays, but there
is still plenty of opportunity for large and medium groups to make their
mark.
We Believe in the Downtown Condo Market
A lot of real estate agents will tell you that they believe in the
downtown Nashville Condos, but I am one of the few agents who has
put my money where my mouth is. I own 3 condos in The Enclave, 2 condos
and 1 townhome in The District Lofts, 2 condos in The Icon, 2 Lofts
in Werthan Mills, 1 townhome in Madison Square, 2 condos and 1 townhome
in Lenox Village, and a condo in The Encore. I also have put money down
to purchase condos in The Velocity, The Rhythm, The Chesterfield, The
Glen, and The Signature Tower. I consider all of these purchases to
be great investments and expect to hold on to them for 2-5 years. I
believe that it is important for you to know that I invest in my own
market as I have helped investors purchase more than 150 investments
properties over the past 18 months.
Nashville Homes and Estates
If you have never been to Nashville you will be surprised when you
begin your home search. Nashville has a rich variety of historic 19th
century homes, renovated craftsman gems, regal stone bungalows, all
brick row homes, and sprawling urban estates. Sure, there are plenty
of brand new homes that dot the city’s landscape, but it’s
the renovated historic homes and estates that we consider Remarkable.
If you are seeking these one of kind homes, you should consider the
Belle Meade, Hillwood, Historic Richland, Forest Hills, West End, Historic
Edgefield, and Lockeland Springs areas.
A Little about Grant Hammond
An eight year veteran of the real estate profession, Grant Hammond is
the owner & founder of Remarkable Homes. Mr. Hammond is also a founding
partner in Summit Property Management, Inc., Cumberland Commercial Partners,
Inc., and the Cerebral Fund. Prior to founding Remarkable Homes, Grant
was a prominent team member on the HummerHomes Team in Brentwood, TN
for 3 years. During his tenure on the team, Grant oversaw a 400% increase
in residential sales and began the investor portfolio sales and wealth
asset management departments. Prior to his work with the HummerHomes
Team, Grant was a co-founder and the Chief Operating Officer for AgentSource,
an online-based relocation company. AgentSource is where Grant first
learned of the power of the internet as it pertains to the real estate
industry and applied his SEO knowledge to create a multi-million dollar
company within just one year. Mr. Hammond takes great pride in his companies’
use of innovative technology, end user driven ergonomics, and the transparency
by which each company operates. Each company provides you with the highest
level of service through acute market knowledge, flawless execution,
and individual service.
Remarkable Homes is an affiliate of Realty Executives
International:
Realty Executives Fine Homes
1600 Westgate Circle, Suite 100
Brentwood, TN 37027
615-376-4500
615-376-4555
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