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Old Posted Jan 12, 2007, 10:11 PM
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Join Date: Aug 2006
Location: Chattanooga / Nashville, TN
Posts: 161
Quote:
Originally Posted by scaffdog View Post
The Signature tower is about as definate as you can get at this point in time. The oddest thing that I find odd right now in the Nashville Market is that 75% or more of the major projects are residential and another 20% or so is shopping or educational related...where is all the office-space?
There are several downtown office projects in the works in Nashville:

1. Sun Trust Bank Bldg U/C. 13 Stories, large floor plates, about 400,000 Sq Ft, 200 Ft tall.

2. Crown Office Bldg on 2nd Ave in SoBro. Proposed. 30 Stories, 432 Ft Tall, 550,000 Sq Ft, major tenent already secured in Bass Berry Sims Lawfirm, near 100% probability of construction.

3. West End Summit 16th and Broadway in Midtown. Part of a two building complex that includes a 26 story mixed use building with an upscale hotel (Hotel Intercontinental secured), and condos, and a 23 story office building, 15% leased, ongoing talks with Wachovia Bank as major tenant. Total project is 1,100,000 Sq Ft.

The current downtown office vacany rate is only 8% and Nashville is rated the number 1 city in the U.S. for corporate relocations, so look for more office construction here in the future.
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