Westin Nashville Hotel developer CastleRock Asset Management is targeting a mid-year start on converting downtown’s Wells Fargo Plaza building to a boutique hotel to be called The Bobby, The Tennessean reports.
The former office building (see here in an image courtesy of Google Maps) is located at 230 Fourth Ave. N in the city's Central Business District.
CastleRock, for which the co-managing partners are Kevin Fee and Seamus Ross, must still secure financing, according the morning daily.
This past Monday, CastleRock held a ceremonial ground breaking for its Westin, to be located on the Music City Center Roundabout in SoBro.
Spectrum | Emery and OliverMcMillan officials today announced a partnership to transform the original Nashville Convention Center site at 500 Broadway with a mixture of retail, residential, office, dining and entertainment space.
The project is on pace for a groundbreaking in summer 2015.
In addition to office and residential towers, the project will feature a new hotel conference center, approximately 180,000 square feet of retail and dining space, an additional 35,000 square feet targeted for an entertainment venue, and approximately 40,000 square feet for the previously announced National Museum of African American Music.
“I am pleased to announce the original convention center redevelopment has attracted one of the most prominent and successful mixed-use development companies in the entire country,” Pat Emery, president of Spectrum | Emery, said in a release. “OliverMcMillan has a national reputation for their ability to dynamically understand and fulfill the needs of a city. This partnership will not only enhance this project, but also raise the bar for what downtown Nashville can offer both residents and visitors, further igniting it as the heart for commerce, creativity and convenience.”
San Diego-based OliverMcMillan brings more than 35 years experience in designing, developing, marketing and leasing high- profile in urban settings.
In September, OliverMcMillan opened the first three blocks of the $1 billion Buckhead Atlanta, a 1.5-million-square-foot mixed-use development with 300,000 square feet of retail, restaurants and cafes, 130,000 square feet of custom office space and two luxury residential towers in the first phase. Buckhead Atlanta’s retailers include brands such as Dior, Hermes, Brunello Cucinelli, Christian Louboutin, Moncler, BONOBOS, Jimmy Choo and Warby Parker.
OliverMcMillan’s River Oaks District in Houston, currently under construction, is set to open in 2015 and will offers residential, retail, and office space.
Overall, the company has designed and developed and manages more than eight million square feet of projects, with a total project value exceeding $3 billion.
In addition to Atlanta and Houston, OliverMcMillan currently has projects under development in San Diego, Honolulu, Los Angeles, Denver, Houston, Chicago and Phoenix.
“We are going to bring our most forward-thinking ideas in order to attract the best to Nashville,” said Dene Oliver, CEO of OliverMcMillan. “Our goal is to make this a project that not only enhances downtown’s retail, but extends and amplifies its world class entertainment offerings, its residential options, and meeting and office solutions. We have already begun to embed ourselves in Nashville to fully understand how this development can best benefit its people, and we can’t wait to share what we have in store.”
Gresham Smith & Partners and Gensler are serving as the project’s architects. Skanska will be the general contractor, with and office leasing to be handled by Cushman & Wakefield | Cornerstone.
(Images courtesy of Gensler)
Now that Metro Council members have voted not to exempt the Trail West site from Lower Broadway's historic overlay, the local developer who has an option to buy the site is shopping that option. Getahn Ward has the story here.
Karr blamed his Metro Council defeat on the Metro Historic Zoning Commission's unwillingness to compromise. Commission officials had raised concerns that changes Karr proposed would've essentially resulted in demolishing the building.
"For some reason, they think it has historical value, but if you look at that building, there's nothing significant about (it)," Karr said. "We were going to remodel that building, but certainly not going to tear it down. We were going to have more open-air windows."
A sidewalk easement has been issued related to the Metro retail and parking garage structure planned for a portion of the property located at the southwest corner of Church Street and Fifth Avenue South within downtown’s central business district.
According to Davidson County Register of Deeds documents, Metro and 505 LLC have agreed upon the easement, with the latter entity created by Giarratana Nashville to eventually develop a combination residential and retail tower (to be called 505 CST) on an adjacent portion of the overall site (read here).
The Metro Development and Housing Agency will develop the building with retail space and a 1,200-space parking garage (read here), with on-site work tentatively slated to start by year’s end.
The site, currently used as a service parking lot, can be seen here in an image courtesy of Google Maps.