A Kimpton Hotel will anchor Buckingham Companies' long-planned Midtown project, with construction to begin by year's end on a 17-story, 600,000-square-foot mixed-used building located at the intersection of 21st Avenue, Broadway and Division Street, the developer announced today.
Kimpton Hotels & Restaurants will operate the 180-room hotel component of the project, which will also include 350 apartments, 35,000 square feet of ground-level retail, 630 parking spaces and 6,500 square feet of meeting space. The hotel will be Kimpton's first in the Nashville market.
In a release, Indianapolis-based Buckingham did not disclose a price tag for the massive development. Buckingham Midtown’s various components will open in phases with the completion estimated to be early 2017. Demolition is slated to begin any day on a handful of buildings remaining on the site.
"The project’s design has evolved and is intended to be reflective of and responsive to the creative and passionate feel of the Midtown area,"
Scott Travis, Buckingham vice president of development, said in the release. "It will be situated at the heart of a neighborhood that is intellectual, diverse and energetic. Our goal is to build upon those characteristics. This is evident through its architecture, which is modern facing the booming Midtown area and more traditional where it faces the storied Vanderbilt University campus."
Mike Depatie, president and CEO of Kimpton, said the brand has "long admired the eclectic vitality of Nashville."
"We’re so excited to bring our unique amenities and guest experience to people traveling to the city," Depatie said. "We’ve been looking for the right opportunity in Nashville, and the Buckingham Midtown property is the perfect partnership for a number of reasons. Kimpton and Buckingham both value community, quality, great design and sustainability, and this development is in a position to enhance an already vibrant neighborhood."
Buckingham Midtown is intended to be LEED certified upon completion. The residential unit offerings will be "upscale," according to Buckingham, and will include studio and one-, two- and three-bedroom floor plans.
"Metro Nashville will be improving the 21st Avenue South and Broadway intersection with enhanced sidewalks, lighting and traffic improvements," said Travis. "These investments by the city in public infrastructure paired with the addition of the mixed use components of the Buckingham Midtown project have been designed to thoughtfully mesh with the vibe of Midtown."