Jump to content

The Medical Mart | CANCELED | What's to go in the old NCC space now?

satalac

By satalac
in Nashville

Recommended Posts

samsonh Burg

samsonh

Posted
Posted

I will be surprised if this project ever breaks ground. They are having an impossible time getting any momentum and the comments from the company regarding Cleveland's center are hilarious. The Nashville center organizers have what 3 groups signed in a year? I mean, that is pathetic by any measure

Link to comment
Share on other sites

  • Replies 214
  • Created
  • Last Reply
producer2 Hamlet

producer2

Posted
Posted

I will be surprised if this project ever breaks ground. They are having an impossible time getting any momentum and the comments from the company regarding Cleveland's center are hilarious. The Nashville center organizers have what 3 groups signed in a year? I mean, that is pathetic by any measure

yes and no... While I agree that it seems to be a slow go here in Nashville the one tenant they do have (HIMMS) is responsible for the largest single meeting in the healthcare industry. I have been to this event 4 times as a vendor for a local company and it really does draw over 25,000 participants and uses over 1.5 million square feet of meeting space. The fact that they have signed a binding lease for 25,000 square feet is actually a bigger deal than anything Cleveland has accomplished with tenants so far. Time will tell and the clock is ticking.

Link to comment
Share on other sites
smeagolsfree Gigalopolis

smeagolsfree

Posted
Posted

I just want to throw my 2 cents worth in here. These articles explain a little different picture of the Med mart in Cleveland. To summarize quickly, the Cleveland Med Mart tenants are mostly local to the area there and they are still only letters of intent that are not binding. I think the size of their facility and the Nashville facility are 2 differing projects. If you look at the list of conventions that were announced, many have nothing to do with health care. I am very optimistic that the Nashville Med Mart has got a lot of life left in it. Again look at the cost of the Cleveland facility.

http://www.bizjournals.com/nashville/blog/2011/01/cleveland-media-review-med-mart-tenant.html

http://www.bizjournals.com/nashville/blog/2011/01/cleveland-breaks-ground-on-med-mart.html

http://business.nashvillepost.com/2011/01/17/cleveland-med-mart-names-tenants/

Link to comment
Share on other sites
  • 5 weeks later...
jice Burg

jice

Posted
Posted

A 4th tenant was announced.. which is actually a showroom called China Pavillion..

http://www.bizjournals.com/nashville/blog/2011/02/nashville-medical-trade-center.html

They need at least 900,000 sq ft leased in order to start construction.. and it needs to start this year. So far they have (i'm confused) either 40,000 or 65,000 sq ft plus the Lipscomb deal, however much that turns out to be.

Are they really going to be able to make this happen in 2011??

Link to comment
Share on other sites
timmay143 Burg

timmay143

Posted
Posted

You beat me to it Jice. Nice to see another advancement for this project, but....I have a hard time seeing this started this year. However, there are still 10 months left. I won't believe this will happen until I see that construction actually starts. I wonder how they are going to continue holding conventions there (NCC) with construction for the MM beginning and the MCC still unfinished. I guess they can do construction that is not detrimental to conventions until the MCC opens?

Link to comment
Share on other sites
producer2 Hamlet

producer2

Posted
Posted

You beat me to it Jice. Nice to see another advancement for this project, but....I have a hard time seeing this started this year. However, there are still 10 months left. I won't believe this will happen until I see that construction actually starts. I wonder how they are going to continue holding conventions there (NCC) with construction for the MM beginning and the MCC still unfinished. I guess they can do construction that is not detrimental to conventions until the MCC opens?

They have indeed done testing on the current pylons in the facility and what it will take to do construction efforts in a way as to allow for events to still happen in the building. Fingers crossed that this continues to move forward...

Link to comment
Share on other sites
  • 2 weeks later...
producer2 Hamlet

producer2

Posted
Posted

Very Nice! I do wonder how many conventions this will take away from the new MCC? Any? If this is going to open in 2013, they had better get started! I did not see the tower portioned defined however. Is there still going to be a tower?

BR86

If it takes away any they would have to be small. The trade show floor will still be the same size it is now, everything else is built up, not out.

Link to comment
Share on other sites
  • 3 weeks later...
it's just dave Burg

it's just dave

Posted
Posted

"According to the Nashville Health Care Council, Nashville currently has 56 local healthcare headquarters generating global employment of approximately 400,000 and revenues upward of $60 billion annually."

Add to that the sometimes (and here) unmentioned names and business entities tied into this, one might be quite amiss in counting it out. Stay tuned.

Link to comment
Share on other sites
smeagolsfree Gigalopolis

smeagolsfree

Posted
Posted

If Vanderbilt is going to start hosting these meetings in 2013, they need to get started on construction very soon. However they may just use the existing CC space to begin with since it will already be vacant and add the new floors a little later or even while the first events start.

Link to comment
Share on other sites
  • 2 months later...
producer2 Hamlet

producer2

Posted
Posted

A 4000 sq ft lease? I mean, really? Anchor tenant? This project becomes more of a joke in my mind every time these guys open their mouths. At this pace it should be fully leased in 200-300 years

It is an anchor tenant for the 6th floor "health care furniture" area not the entire building. That is a pretty good chunk of real estate to show off your sofa sleepers and chairs...

Link to comment
Share on other sites
producer2 Hamlet

producer2

Posted
Posted

Producer,

I just dont feel a lease of .267% of the entire building is really noteworthy. And if it is, I think it means they are having significant problems. But call me crazy....

If you take into consideration that almost 50% of the building will be used for things other than leaseable "retail" showrooms then that number gets smaller/bigger however you would like to frame it. Only the floors being added to the existing building will be for lease and portions of those will be used for back of house things. Doesn't mean they don't have their work still cut out for them but achieving a level of 60% of the space available for lease is far less than needing to lease 60% of the entire structure.

Link to comment
Share on other sites
  • 2 months later...
  • 2 months later...
smeagolsfree Gigalopolis

smeagolsfree

Posted
Posted

Found this on bid clerk last month and it quickly came down after a few people were made aware of it. But this would be the Med mart I would think.

Renovation of and addition to a medical facility in Nashville. Design plans call for the renovation of an already existing convention center and construction of multiple new building to form a medical development ultimately reaching 1.5 million squar...Click here for complete Project Details

est start date 9/12

It is just a fact that it will not start this year.

http://nhcc.atiba.co...Tennessean.aspx

http://www.clevescen...opening-in-2013

A couple of tit for tat articles above

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.