155 replies to this topic

[satalac]

there are talks that nashville may get a 1.5 million sq ft medical trade center orginially planned to be built in cleveland, oh. this is about the same size as the proposed convention center. not much is known about it yet, but i'll be trying to find more information as time goes on. i'm pretty excited about this possible project for nashville. it would be the only one of it's kind in the country. you can see a video clip about it on channel 2's website. here is a news story from newsnet5 about the competition that cleveland is getting.


correction: it's not the same one from cleveland, but a competing project. sounds like some of the officials in cleveland aren't too happy about this.....""I'm not terribly worried about the boast and the brag of those from Nashville. If we were building something for the Grand Ole Opry they would have the edge on us. But Nashville is not known as an epicenter for health care as we are," said Cuyahoga County Commissioner Peter Lawson Jones."

Edited by satalac, 18 May 2009 - 08:42 AM.

[satalac]

market center management is the company that is proposing this. they specialize in international wholesale market centers.

[dmillsphoto]

I don't think Cleveland is the best place for one of these type expo centers. Mind you, Franklin and Nashville has roughly $24b worth of healthcare companies, not including hospital management companies like Psychiatric Solutions. I think the idea is great, and a center of this type is one that really and truly, nobody in their right minds should complain about having here. Except maybe Cleveland

I look forward to having such a facility - it's definitely a unique idea.

Quote from the MCMC website linked above:

"The Nashville Medical Trade Center was announced in May of 2009 as an international trade facility servicing the needs of the global medical community through three components: permanent manufacturer showrooms for healthcare product manufacturers, distributors, and information technology companies; temporary trade show space; and conference facilities to accommodate a full schedule of medical trade events each year. The facility, which could open as early as 2010, will eventually reach 1.5 million square feet."

[nashwatcher]

any guesses on the location?

dmillsphoto, on May 18 2009, 12:21 PM, said:

I don't think Cleveland is the best place for one of these type expo centers. Mind you, Franklin and Nashville has roughly $24b worth of healthcare companies, not including hospital management companies like Psychiatric Solutions. I think the idea is great, and a center of this type is one that really and truly, nobody in their right minds should complain about having here. Except maybe Cleveland

I look forward to having such a facility - it's definitely a unique idea.

Quote from the MCMC website linked above:

"The Nashville Medical Trade Center was announced in May of 2009 as an international trade facility servicing the needs of the global medical community through three components: permanent manufacturer showrooms for healthcare product manufacturers, distributors, and information technology companies; temporary trade show space; and conference facilities to accommodate a full schedule of medical trade events each year. The facility, which could open as early as 2010, will eventually reach 1.5 million square feet."

[satalac]

nashwatcher, on May 18 2009, 12:25 PM, said:

any guesses on the location?

this would be a good candidate for may town center, but they probably want a location that's available right now. how big is the lot at the old thermal plant?

[nashwatcher]

what about next to the MCC, south? maybe the two could share space at times...

satalac, on May 18 2009, 12:36 PM, said:

this would be a good candidate for may town center, but they probably want a location that's available right now. how big is the lot at the old thermal plant?

[FromParkAveToTN]

The Cool Springs area would be a great location for this or the junk yard next to the Titan's stadium.

[nashvylle]

Maybe May Town Center as well. The junkyard on the East Bank won't happen. It's in the riverfront development site, and would be bad. I do NOT want anything else going to cool springs. Enough with the sprawl.

[satalac]

FromParkAveToTN, on May 18 2009, 01:30 PM, said:

The Cool Springs area would be a great location for this or the junk yard next to the Titan's stadium.

i'd love to see it next to the stadium, but that is waaaay to expensive and won't realistically happen. cool springs has the space, but they are far away from the major hospitals. this is one project that needs to be close to or inside downtown, not just because it'll help with sprawl, but because it makes the most sense.

[FromParkAveToTN]

What about converting the Hickory Hollow Mall into the Medical center. It would also help revitalize the area with new hotels, restaurants, shopping, etc.

[jice]

Will this compete with the MCC?  I assume it would.

If they are looking to get this built in a year or so.. im not expecting much.  Probably a big box in one of the suburbs.  

This link says it will "eventually" reach 1.5 mil sq feet
http://www.tennessea...er in Nashville

[dmillsphoto]

jice, on May 18 2009, 01:28 PM, said:

Will this compete with the MCC?  I assume it would.

If they are looking to get this built in a year or so.. im not expecting much.  Probably a big box in one of the suburbs.  

This link says it will "eventually" reach 1.5 mil sq feet
http://www.tennessea...er in Nashville

I don't think it would necessarily compete with MCC. I think the MCC is trying to gear toward more public events and ones garnered to tourism. This one is going to have permanent onsite needs for the healthcare industry, which I assume will include product, CT Scan, MRI, and a plethora of other med devices that  would just get in the way at the MCC. As far as the number of conventions lost, I doubt that many.

[satalac]

it would probably take some of the medical conventions away from it. but maybe they could have a synergistic relationship.

[insulin9846]

satalac, on May 18 2009, 05:17 PM, said:

it would probably take some of the medical conventions away from it. but maybe they could have a synergistic relationship.

What's happening to the old convention center site again? Is it set for conversion for another use or will it sit unused for a while?

[bwithers1]

dmillsphoto, on May 18 2009, 04:56 PM, said:

I don't think it would necessarily compete with MCC. I think the MCC is trying to gear toward more public events and ones garnered to tourism. This one is going to have permanent onsite needs for the healthcare industry, which I assume will include product, CT Scan, MRI, and a plethora of other med devices that  would just get in the way at the MCC. As far as the number of conventions lost, I doubt that many.

Agreed.  I am thinking that this facility will be more equivalent to the Merchandise Mart in Chicago, which certainly doesn't compete with the McCormick center.   If this goes downtown, it will certainly boost demand for hotels and additional restaurants.  I just can't fathom where it could possibly go as early as next year, even including an expansion.  Where is there a large vacancy with that much contiguous vacant land?

[satalac]

bwithers1, on May 19 2009, 09:55 AM, said:

Where is there a large vacancy with that much contiguous vacant land?

maybe there will be a smaller footprint than we think due to a vertical aspect of it? (pure speculation on MY part, so please nobody take that as the word on the street)

Edited by satalac, 19 May 2009 - 10:42 AM.

[nashwatcher]

could be near HCA(old chrysler dealership land)...plenty of land in sobro, especially if vertical, land costs won't be that bad considering it's a half billion dollar project...

satalac, on May 19 2009, 11:40 AM, said:

maybe there will be a smaller footprint than we think due to a vertical aspect of it? (pure speculation on MY part, so please nobody take that as the word on the street)

[jdavidf]

nashwatcher, on May 19 2009, 11:44 AM, said:

could be near HCA(old chrysler dealership land)...plenty of land in sobro, especially if vertical, land costs won't be that bad considering it's a half billion dollar project...

By old Chrysler dealership, do you mean Hansen Chrysler on Charlotte & 11th, downtown? If I'm not mistaken, Crosland bought that land from S.E. Automotive after they bought out Hansen last year. At least that's what the salesman at S.E. told us in January..

[producer2]

dmillsphoto, on May 18 2009, 05:56 PM, said:

I don't think it would necessarily compete with MCC. I think the MCC is trying to gear toward more public events and ones garnered to tourism. This one is going to have permanent onsite needs for the healthcare industry, which I assume will include product, CT Scan, MRI, and a plethora of other med devices that  would just get in the way at the MCC. As far as the number of conventions lost, I doubt that many.

It might take some show away from the MCC as they will definitly compete for Healthcare but the bottom line is the MCC is built using funds from the hotel/motel tax and it does not matter what facility they choose to use, just that they come and stay in Davidson County.

[samsonh]

producer2, on May 19 2009, 03:14 PM, said:

It might take some show away from the MCC as they will definitly compete for Healthcare but the bottom line is the MCC is built using funds from the hotel/motel tax and it does not matter what facility they choose to use, just that they come and stay in Davidson County.

LOL. So you can build a facility like conention center and make a profit. But you tacitly admit that the MCC will not? IMO to make a profit the MCC would have to not only cover the debt payments it has but also return an additional 6-10%. But it will not because it is city run and is just a boondoggle for construction/hotel/convention people. My goodness everyone I know that knows anything about finance/econ realizes the Mcc is a horrific idea.