June 28, 2016
Tom Morales Plans Restaurant Concept at Fifth + Broadway
Planned TomKats concept is first restaurant and entertainment tenant for redevelopment of Nashville Convention Center site.
Well-known Nashville restaurateur Tom Morales plans to open a restaurant and entertainment concept at the Fifth + Broadway mixed-use development planned for the Nashville Convention Center site.
The concept from Morales' TomKats Hospitality Inc. is the first restaurant and entertainment tenant announced by Fifth + Broadway's development partners OliverMcMillan and Spectrum|Emery. It will anchor the 230,000-square-foot retail, entertainment and museum component of the mixed-use project.
"It's good that we're seeing momentum as we get closer to starting," said developer Pat Emery, president of Franklin-based Spectrum|Emery. "That will show that demand is there for the project."
Demolition is expected to start by year's end on the city's old convention hall at 500 Broadway to make way for Fifth + Broadway, which is expected to open in late 2018. Announcing the first potential tenant beyond the National Museum of African American Music provides a positive sign for the OliverMcMillan-Spectrum | Emery team, which this week was expected to pay the city $250,000 to extend for another three months through Sept. 30 its contract to buy the 6.2-acre Nashville Convention Center property.
Morales is known for successful ventures that include Acme Feed & Seed and The Southern Steak & Oyster, as well as Saffire, Southernaire Market and Fin & Pearl, which will open in the fall.
Under TomKats' latest letter of intent, the planned restaurant and entertainment concept would occupy about 12,000 square feet of space in the middle of the Fifth + Broadway project's footprint with a rooftop overlooking Broadway. That space will be part of an overall 20,000-square-foot rooftop amenity terrace, featuring dining and entertainment spaces with food served amid good views of downtown.
"This venue will help carry the excitement and energy of Lower Broadway into Fifth + Broadway," said Dene Oliver, CEO of OliverMcMillan, a San Diego-based commercial real estate development firm.
Morales said he's excited to be part of Fifth + Broadway, which he added will be an epicenter of entertainment for its office tenants, residents and Nashville’s visitors.
"We will unveil an entertainment experience as vibrant, original and diverse as your imagination,” Morales said. "We look forward to delivering unique Nashville-style hospitality and food so that every experience is truly unforgettable.”
With the National Museum of African American Music and the concept TomKats plans, about 168,000 square feet of retail and entertainment remains available for lease at Fifth + Broadway.
A multi-level Class A office building, a modern residential tower with loft-style units, newly renovated and expanded convention and meeting space at the adjacent Renaissance Hotel and an interior pedestrian street that will showcase a retail tenant mix of national brands and local offerings will be among other components of the project.
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