April 22, 2015
$400M Convention Center Project Clears Major Metro Council Hurdle
Nashville Business Journal
The Metro Council unanimously approved Tuesday night a plan to sell the old Nashville Convention Center site to make way for a $400 million redevelopment project.
It was the second of three readings on the plan, but as The Tennessean notes, the unanimous vote suggests "it will sail through on final consideration next month."
The 6.7-acre site will be sold to co-developers Spectrum | Emery Inc., of Cool Springs, and OliverMcMillan, of San Diego.
The site offers the rare chance to dramatically redevelop a sizable, prominent property in the epicenter of the nation's fastest-growing metro areas. Emery and OliverMcMillan are pitching a project featuring a 27-story apartment tower, a 24-story office tower and 205,000 square feet of retail, restaurants and entertainment space — a one-time, 60 percent boost to the retail space already downtown.
Link to original article here.