Construction Update: The Mews II

Rendering of Mews II, Magnolia and Ogden, Knoxville, May 2018

Rendering of Mews II, Magnolia and Ogden, Knoxville, May 2018

About eight months have passed since I announced the plans for the Mews II, the second set of condominiums Jeffrey Nash is constructing on Magnolia Avenue. The first, The Mews, on the opposite side of Ogden from the current set, has been a huge success. All units in that development were sold out in three months and a good number have already re-sold at significant appreciation.

The speed with which Mews II is proceeding is startling. Jeffrey Nash, owner of the Courtland Group, which is developing the condos said he expects an August 2019 completion date. Given timelines we often see in downtown development, that seems fast. I’m also enjoying seeing how the different developments are changing the view from the street, as well as from the Interstate.

Construction of Mews II with Regas Square Lofts in Background, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II with Regas Square Lofts in Background, Magnolia and Ogden, Knoxville, May 2018

You can see Regas Square condos just behind Mews II and both are offering the people passing through the city a better look. It’s an area that not so long ago – certainly within the time frame of this website – would have been considered far out on the fringes of downtown. Now, with Regas Square, The Mews, this development, Public House, TVB and Magnolia Records all in a cluster, it doesn’t feel so remote.

Add to that, Geo Hair Lab, Paulk and Company and A Dopo Pizza just around the corner in one direction and Knoxville High School Independent Living in the other direction, and the area seems to be the northern equivalent to the southern development along Sevier.

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

There’s also new website, which is where you’ll find the two new renderings shown here. It’s interesting to look at the placement of the billboard which, to my eyes works better than I could have imagined. Readers of the previous article will remember that Lamar Sign Company would not sell the sliver of land on which the billboard is located, necessitating a complicated plan to build around it.

The website also features floor plans for the twenty condos and gives a bit of insight into the structure of the building. The first floor will feature 4,200 square feet of commercial space along Magnolia. This is down slightly from the 5,000 previously reported, but still a significant amount of space for a building this size.

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

Construction of Mews II, Magnolia and Ogden, Knoxville, May 2018

The entire space will begin as one large single unit. The number of tenants this represents will depend on the needs of those who purchase the space or spaces – it could be as few as two or as many as four. That’s another twist – the commercial spaces will be sold, not leased, just like the homes in the building. I’m not sure I’ve seen that happen in downtown Knoxville in the past, so it may be a unique opportunity to own your portion of a building without leasing or having to purchase an entire building.

The second and third floors have eight units each and you may notice that prices have increased in the six months since the original announcement. Originally announced to begin at $200,000 for a one-bedroom unit, the beginning price is now start at $210,000 for a 622 square foot, one-bedroom home. The most expensive unit is a two-story, three-bedroom home with 1918 square feet, originally projected to be priced at about $460,000, which is now listed at $495,000.

Rendering of Mews II, Magnolia and Ogden, Knoxville, May 2018

Rendering of Mews II, Magnolia and Ogden, Knoxville, May 2018

Mr. Nash said that initial interest has been very strong. One of the units has already been purchased by a buyer from New York. If the pattern follows from the first phase, The Mews, the building will likely be sold out before it opens or soon thereafter. The construction is being completed by the Courtland Group construction crew and designs are by the Courtland Group and R2R.

If you are interested in the possibility of owning one of the homes or one of the commercial spaces, there is a contact template at the bottom of the website, or you can call Kimberly Dixon Hamilton weekdays at (865)588-5535.

Comments

  1. Angry Resident says

    The construction crews of the Mews II have been nothing but an unprofessional, unsupervised, overtly disruptive, dysfunctional and oft times danger to the current residents and community which it has operated in. Their complete disregard for respecting the peace during early hours of the morning for months, and subsequent ignoring of pleas to refrain, has been very unsettling for a project meant to improve this growing community. The unrestricted dangers on their job site has proven that their lack of concern for public safety is non existent. Piles of lumber, gravel and dangerous building supplies regularly take up sidewalk areas and spill into the streets. Staging set up without fences or security are blatantly hazardous, under qualified traffic direction are other examples of such neglect. If I was an interested party looking for a place to call home, I would be concerned to invest in a company that clearly doesn’t care for its surrounding community thus bringing into question it’s care for residents. If one sees this comment as a single perspective, just ask anyone who lives or works in this neighborhood how the feel about it.

  2. This is the type of development I hope we see through out the city. Mid sized, mix use structures

  3. And this is how gentrification starts and Knoxville becomes like Nashville. $200,000 for 622 sq. feet is absurd. Especially when the location is right near Knoxville’s major homeless shelter. I’m sure that folks who can afford $200,000 for a 622 sq. foot property don’t want homeless folks around their block. I’m sure police will be called to pick up “vagrants.” Eventually, the shelter won’t be able to afford the rising property values/rent in the area. And then what? What about the poorest and most vulnerable in our community?

  4. $200,000.00 for 622 Sq ft???

  5. Dang. Not sure if we can move fast enough to secure a space. Thanks for the update, though.

  6. Sandra H says

    So excited about the development in this area of town!

  7. Another high quality design by a developer who’s shown he keeps his promises and cares about the future of the city. Hopefully I can afford one before they’re all taken!

  8. I think the design of this is great. The Magnolia frontage is similar to the historic buildings on Jackson, such as the Daniel building. The Ogden frontage has strong similarities to Knoxville high. All very attractive.

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