April 10, 2018
Fifth+ Broadway project lands $36.6M permit
A major permit has been issued to allow for construction of the 34-story apartment tower to rise at the Fifth + Broadway site fully underway within the central business district.
The permit is valued at $36.6 million, with Skanska handling the construction.
The apartment tower will rise on the southwest quadrant of the site's footprint, across Broadway from Sixth Avenue South and Bridgestone Arena.
To span 6.2 acres, Fifth + Broadway is replacing the long-since-demolished Nashville Convention Center building. It will offer 235,000 square feet of retail and entertainment (including the National Museum for African-American Music), 385,000 square feet of Class A office space (at 501 Commerce), approximately 380 residential units and more than 2,000 parking spaces.
Site excavation is now complete and the project's underground parking garage is rising. The project’s three cranes are now operating. As part of the project, the first phase of the Renaissance Hotel conference center renovation and expansion is on schedule to be completed early spring.
The developers are San Diego-based OliverMcMillan and Spectrum | Emery (co-based in Raleigh and Cool Springs). The latter is no longer operational except for its work on Fifth + Broadway.
Whole Foods tower to soon rise on Broadway
Austin-based Endeavor Real Estate Group has landed a key permit related to its 26-story mixed-use building to be anchored by a Whole Foods and rising at the northwest corner of the intersection of 12th Avenue North and Broadway in the North Gulch.
Valued at $42.3 million, the permit will allow for the construction of the building’s shell spanning levels one through 29.
The permit issuance follows a recent permit, valued at $2.8 million, to allow for the construction of the building’s underground parking garage and ground-level foundation work.
The Nashville office of Turner Construction is serving as general contractor. Two tower cranes are now active on the site.
Endeavor has created Broadway Whiskey Partners to undertake the project, which will include apartments and office space. The project could carry a price tag of about $100 million, according to previous media reports.
The building will rise about 320 feet, ranking it among Nashville's 25 tallest if standing today.
Demo work progresses at Nashville Yards site
Southwest Value Partners has landed three permits for its multi-building Nashville Yards project.
The permits have a collective value of $1.3 million and will allow for the demolition of both the west and north wings of the former Lifeway and the razing of the Sullivan Tower.
The Nashville office of North Carolina-based D.H. Griffin is handling all the site prep work and already has cleared a good bit of the site.
A SWVP spokeswoman said internal environmental abatement work for Sullivan Tower was recently completed and demolition work has begun. The tower, standing 11 stories, will not be imploded.
The materials recovered during demolition of the building will be “substantially recycled and repurposed,” the spokeswoman said.
The demo of the Sullivan Tower comes as Southwest Value Partners recently released some specifics related to what would be the tallest structure on the site, were it standing today. According to marketing info, the building could rise up to 32 stories and offer 749,000 square feet of space. A January 2021 opening is tentatively eyed.
The Nashville affiliate of Colliers International is providing brokerage services related to marketing and leasing. Doug Ryan, Colliers senior vice president, is overseeing the effort.