July 12, 2017
Downtown Nashville to get Flagship H&M Store at Fifth + Broadway
Swedish fashion retailer leases space at the $430 million mixed-use development that's set to rise on former Nashville Convention Center site.
Swedish fashion retailer H&M has leased space for a 27,166 square foot flagship store at the Fifth + Broadway mixed-use development, which is getting underway downtown.
The two-level store facing onto Broadway is expected to open in late 2019 along with the overall retail and office building portions of that $430 million project for which demolition is underway on the former Nashville Convention Center site. It could be H&M's third store in the Nashville area after the chain's locations at Opry Mills Mall and Cool Springs Galleria and would carry men’s, women’s and children’s apparel and accessories.
“We’re thrilled to officially confirm that H&M has executed a lease to be a flagship store at Fifth + Broadway,” said Jeff Zeigler, senior managing director of retail services at OliverMcMillan, the San Diego, Calif.-based lead developer of the mixed-use project. “H&M is a world class brand, and its presence at Fifth + Broadway will lead the way in delivering fashion retail to downtown Nashville when we open later in 2019.”
H&M is the first large announced retail tenant for Fifth + Broadway, which OliverMcMillan and locally based developer Spectrum | Emery are pursuing with Boston-based hedge fund Baupost Group as a financial backer. The project that's being touted as the largest single mixed-use development in Nashville's and the state's history, is also expected to include a restaurant and entertainment concept from local restaurateur Tom Morales.
Fifth + Broadway is expected to include roughly 180,000 square feet of space for new large-format retailers new to downtown and a mix of local and out-of-market restaurants. That's part of roughly 235,000 square feet overall of planned retail and entertainment space, including 56,000 square feet for the National Museum of African-American Music.
Plans also call for a 26-story, 385,000 square foot office tower that will be known as 501 Commerce along with more than 350 apartments and more than 2,000 parking spaces.
Reach Getahn Ward at [email protected] or 615-726-5968 and on Twitter @getahn.
Original article linked here.