908 DIVISION OUTSTANDING SITE OPPORTUNITY THE GULCH NASHVILLE

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1 908 DIVISION OUTSTANDING SITE OPPORTUNITY THE GULCH NASHVILLE OAKPOINT REAL ESTATE 908 DIVISION 1

2 PROPERTY OVERVIEW OFFERING SUMMARY Located in the heart of Nashville's thriving district known as The Gulch, this.96 acre site will be available by August of 2017 for future development or redevelopment opportunities. 908 DIVISION STUNNING VIEWS. OUTSTANDING LOCATION. The site's favorable DTC zoning allows for a very broad range of potential uses. However, given the value of land in The Gulch and the potential for stunning skyline views of downtown, the owner anticipates a substantial vertical development for the site. Potential site uses could include a hotel or office building ranging from 10 to 16 stories. The owner of the property would consider a fee simple sale as well as JV or other deal structures. PROPERTY DETAILS Address Submarket Site Area Zoning 908 Division Street Gulch South 0.96 Acres Downtown Code (DTC) Existing Improvements 13,900 SF +/- Possible Uses Hospitality, Class A Office, Redevelopment, Owner/User, Restaurant(s), Retail 2

Music Row OUTSTANDING LOCATION Terrazzo 12 th Ave S I-65 Icon Thompson Hotel

Brewing LOCATION HIGHLIGHTS Prime location in Nashville's upscale and thriving

visible location Potential for unimpeded views of downtown skyline Immediate access

coffee shops; 570,000 SF of Class A office space; 2,900 residential units; and 1,000

3 Music Row OUTSTANDING LOCATION Terrazzo 12 th Ave S I-65 Icon Thompson Hotel Velocity Gulch Crossings The James Barista Parlor Pine Street Flats A+ storage Yazoo Brewing LOCATION HIGHLIGHTS Prime location in Nashville's upscale and thriving neighborhood called The Gulch Fairfield Marriott Division St 908 DIVISION Highly visible location Potential for unimpeded views of downtown skyline Immediate access to major city arteries and interstate Neighborhood offers 30 restaurants, bars and coffee shops; 570,000 SF of Class A office space; 2,900 residential units; and 1,000 hotel rooms Within walking distance to Gulch/SoBro pedestrian bridge OAKPOINT REAL ESTATE 908 DIVISION 3

PROPERTY DETAILS ZONING - DTC Downtown Code (DTC) is a zoning district found only within the boundaries of the I-40 loop and Cumberland River, encompassing Downtown Nashville.

Focus is placed on the relationship between the street, building and open space for efficient land use, increased transit, and the creation of vibrant and safe pedestrian streetscapes. 215.

4 PROPERTY DETAILS ZONING - DTC Downtown Code (DTC) is a zoning district found only within the boundaries of the I-40 loop and Cumberland River, encompassing Downtown Nashville. It is intended for a broad range of residential and nonresidential activities with an emphasis on urban design. Focus is placed on the relationship between the street, building and open space for efficient land use, increased transit, and the creation of vibrant and safe pedestrian streetscapes ' Total Site 0.96 AC ' 31.08' ZONING ALLOWANCES ' Max FAR Height Allowed Stepback Bonus Height Max Unlimited 10 Stories After 7 Stories 16 Stories Existing Building 13,900 SF BONUS HEIGHT There are several different types of space that can be combined to make up the optional 6 additional bonus stories, such as Leed Certified space, open space, or public parking. For details on the bonus height additions and other DTC zoning details, please see the DTC handbook, which can be made available upon request ' 98.49' 30.00' 4

MASSING STUDY Bonus Height Hotel Including Bonus Height Hotel Office Parking Retail

Centric Architecture has provided preliminary massing studies for three potential

These examples are purely for illustration purposes to show possible density and use

Bonus Height Office Parking Retail OCCUPIED AREA PARKING Hotel 10 Floors, ± 300 Keys 3

5 MASSING STUDY Bonus Height Hotel Including Bonus Height Hotel Office Parking Retail Parking Retail Hotel Concept Hotel + Class A Office Concept ARCHITECTURAL CONCEPTS Centric Architecture has provided preliminary massing studies for three potential development scenarios at 908 Division. These examples are purely for illustration purposes to show possible density and use combinations. Bonus Height Office Parking Retail OCCUPIED AREA PARKING Hotel 10 Floors, ± 300 Keys 3 Levels, ± 160 Spaces Class A Office 7 Floors, ± 126,000 SF 7 Levels, ± 420 Spaces Hotel + Class A Office 7 Floors, ± 210 Keys 4 Floors, ± 72,000 SF 6 Levels, ± 350 Spaces Class A Office Concept OAKPOINT REAL ESTATE 908 DIVISION 5

6 908 DIVISION ACCESS I-65 S Demonbreun St Korean Vet. Blvd. 11th Ave S Lafayette St 12th Ave S I-65 N Pedestrian Bridge The Gulch 8th Ave S SoBro Music Row Division St I-65 N Division St Expansion 12th Ave S I-65 S 6

between Downtown, Midtown, Music Row and

blocks from the Music City Center in one

Nashville's best restaurants, residential

7 THE GULCH Thompson Hotel Twelve Twelve 11th Ave & Pine Gulch Crossings A PERFECT LOCATION The Gulch is no longer just an ambitious vision for urban renewal. The vision has been realized. Capitol View Located at the crossroads between Downtown, Midtown, Music Row and SoBro, The Gulch is also just a few blocks from the Music City Center in one direction and Vanderbilt University in the other direction. The Gulch is now home to many of Nashville's best restaurants, residential towers, hotels, and Class A office properties. 908 Division represents a rare opportunity for inclusion in Nashville's hottest urban neighborhood. Terrazzo OAKPOINT REAL ESTATE 908 DIVISION 7

URBAN ATTRACTIONS 6 4 2 2 10 M Street 20 31 38 41 43 Demonbreun St 5 11th Ave S Central Gulch & Velocity 2 5 7 9 10 15 23 29 35 37 13 1 16 8 25 3 8 17 10 33 12 3 Korean Veteran's Blvd Lafayette St 3

8 URBAN ATTRACTIONS M Street Demonbreun St 5 11th Ave S Central Gulch & Velocity Korean Veteran's Blvd Lafayette St th Ave S Pedestrian Bridge th Ave S Division St 30 8 Icon Building Division St th Ave S Division St 27 See page 9 for legend of urban attractions shown here. 1 8

9 MAP LEGEND MULTI-FAMILY HOTELS CLASS A OFFICE BUILDINGS 1 Broadstone Gulch 238 units 1 Cambria Suites 225 rooms ,000 RSF 2 Eleven North 302 units 2 Fairfield Inn & Suites 126 rooms Demonbreun 285,000 RSF 3 Encore 333 units 3 Hilton 330 rooms 3 Bridgestone Building 500,000 RSF 4 Icon 420 units 4 Hilton Curio 700 rooms 4 Capitol View 1,100,000 RSF 5 Olmstead SoBro 329 units 5 Hilton Garden Inn 214 rooms 5 Gulch Crossing 205,000 RSF 6 Pine Street Flats 330 units 6 Holiday Inn & Suites 228 rooms 6 Pinnacle Tower 520,000 RSF 7 Sixth & Lea 296 units 7 Hyatt House 199 rooms 7 Terrazzo 79,000 RSF 8 Terrazzo 117 units 8 JW Marriott 533 rooms 9 The James 31 units 9 Margaritaville Hotel 200 rooms 10 Twelve Twelve 286 units 10 Marriott Tri-Brand 470 rooms 11 Velocity 250 units 11 Omni 800 rooms 12 SoBro Guest House 24 rooms 13 The Joseph 300 rooms 14 Thompson Hotel 224 rooms 15 Tru by Hilton + Hampton Inn 200 rooms 16 W Hotel 250 rooms 17 Westin 453 rooms Proposed, In Development, or Under Construction DINING RETAIL AMENITIES 1 A+ Self Storage service 16 Google Fiber service 31 Saint Anejo restaurant 2 Apothecary retail boutique 17 Hops + Crafts craft beer bar 32 Sambuca restaurant 3 Arnold s Country Kitchen restaurant 18 Jackalope Brewing Company local brewery 33 Schermerhorn Symphony music & events 4 Ascend Amphitheater music venue 19 Juice Nashville restaurant 34 Station Inn music venue 5 Bar Louie restaurant & bar 20 Kayne Prime restaurant 35 Taziki s Mediterranean Cafe restaurant 6 Barista Parlor Golden Sound coffee shop 21 L.A. Jackson restaurant & bar 36 The 404 Kitchen restaurant 7 Biscuit Love restaurant 22 Little Octopus restaurant 37 The Pub Nashville restaurant & bar 8 Bridgestone Center sporting & events 23 LOFT retail 38 The Rosewall event space 9 Burger Republic restaurant & bar 24 Mercy Lounge music venue 39 Turnip Truck grocery 10 Cantina Laredo restaurant 25 Music City Center convention center 40 Up A Rooftop Lounge restaurant & bar 11 City Fire restaurant 26 Otaku Raman restaurant 41 Virago restaurant 12 Colts Chocolates specialty shop 27 Party Foul restaurant 42 Watermark restaurant 13 Cummins Station mixed use 28 Peg Leg Porker restaurant 43 Whiskey Kitchen restaurant 14 Fin & Pearl restaurant 29 Pot Belly Sandwiches restaurant 44 Yazoo Brewing Company local brewery 15 Frye Boots retail 30 Prima restaurant 45 Zolli Coffee coffee shop OAKPOINT REAL ESTATE 908 DIVISION 9

10 NASHVILLE DISTRICTS 10

908 DIVISION STUNNING VIEWS. OUTSTANDING LOCATION. OFFERING INSTRUCTIONS The owner of 908 Division has not established an asking price for this offering.

11 908 DIVISION STUNNING VIEWS. OUTSTANDING LOCATION. OFFERING INSTRUCTIONS The owner of 908 Division has not established an asking price for this offering. Prospective purchasers and JV partners are encouraged to make letter offers to OakPoint Real Estate after review of the information contained herein and a study of relevant land prices in Nashville s urban core. Further information about the property can be obtained by contacting OakPoint. At the owner s election, a bid deadline may be established requiring all interested parties to submit offers no later than a specified date. All parties that have registered their interest with OakPoint will be given at least two weeks notice before a bid deadline is held. Please contact OakPoint with any questions. RICK HELTON Principal, Advisory Services (o) (c) rhelton@oakpointre.com JEREMIAH PYRON Advisory Services (o) (c) jpyron@oakpointre.com 11

908 DIVISION 13,900 SF FOR LEASE RETAIL, RESTAURANT OR CREATIVE OFFICE

908 DIVISION 13,900 SF FOR LEASE RETAIL, RESTAURANT OR CREATIVE OFFICE PROPERT Y OVERVIEW 182' 68' 77.3' Address 908 reet Submarket Gulch South Site Area 0.96 Acres Zoning Downtown Code (DTC) Existing