NASHVILLE, Tenn. -
Crews are hard at work on Charlotte Avenue demolishing an old building that was once used as a temporary Greyhound bus terminal.
It's just one of the buildings that will be torn down within a 32-acre area north of the Gulch, according to Northwestern Mutual Real Estate Investments LLC, which owns the properties.
The company says it's in the initial planning stages for future development.
The possibilities are exciting for residents who live in the Germantown area.
"This place has looked pretty much like an eyesore," resident Shawn Huffman said.
Huffman, who lives in nearby Hope Gardens said residents have wanted and waited for a change for quite some time and are thrilled at what the future will bring to the area.
"Having something else for us to look forward to in this neighborhood would be a definite plus," she said.
Despite many residents looking forward to the renovations, for some business owners the changes are bittersweet.
Justin York, a broker at Capitol View Pawn Shop, said with the renovations the longtime business will be forced to find a new place to call home.
"We've been here 22 years. There's our first dollar," York said, adding, "So there are a lot of memories here, we hate to see it go."
The business plans to relocate their shop to a space on 18th and Jefferson Street by mid-August.
Demolition is expected to take at least six months.
Investors have yet to announce what will move into the area.
