July 10, 2017
Fifth + Broadway lands Swedish clothing retailer H&M
Sweden-based clothing retailer H&M will be a major tenant at the now-under construction Fifth + Broadway.
The retailer will take about 27,166 square feet of space on two levels facing Broadway. A late 2019 opening is projected. The project is to offer about 183,000 square feet of retail and restaurant space. Thus, H&M will occupy about 14.8 percent of the overall retail space.
The project is spearheaded by San Diego-based developer OliverMcMillan and Nashville-based developer Spectrum | Emery.
“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. “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.”
Crissy Cassetty, retail recruiter for the Nashville Downtown Partnership, said bringing a "well-known clothing retailer H&M to Fifth + Broadway will take shopping in downtown Nashville to a new level. At this anchor H&M location, tourists can find an assortment of great shopping options during their stay in downtown Nashville and locals can shop for well-known brands in the heart of their city. I am thrilled with this addition and look forward to more exciting announcements to come.”
Fifth + Broadway also will offer the 56,000-square-foot for the National Museum of African American Music, 385,000 square feet of the Class A 501 Commerce, an apartment tower with about 350 residential units, and more than 2,000 parking spaces.
The Nashville office of Skanska is serving as construction manager.
San Francisco-based Gensler is the lead design architect. Gresham Smith and Partners, of Nashville, is the architect of record.
Boston-based hedge fund Baupost Group has some equity in the project.
H&M is affiliated with H & M Hennes & Mauritz AB. H&M and its associated brands operate more than 3,700 stores in 62 countries and employ about 132,000 people. It is the world’s second-largest global clothing retailer, ranking behind only Spain-based Inditex (parent company of Zara).
Nashville Business Journal first reported H&M is headed to Fifth + Broadway.