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Second Ave. Partners, 40 story condo (540 ft.) 5 star hotel (190 ft.) 9,500 sq. ft. of retail, $350 million
markhollin posted a topic in NashvilleThis complex will be on the full city block with the address of 151 First Avenue South. It will be bordered on the east by First Avenue, on the north by the McGavock/Siegenthaler Pedestrian Bridge, on the west by Second Avenue (which will serve as the primary entrance), and on the south by Demonbreun Street. Currently the land is occupied by theMarket Street Apartments and a surface lot. In the proposed layout, the entire block will be covered with a 7-story pedestal that will include a massive parking garage, restaurants, clubs, and other retail. A U-shaped trio of towers will sit on top of that. The south tower will be the tallest at about 40 additional stories (according to the initial renderings) and projected height of 485 feet. The north tower looks to be 35 additional stories and about 400 feet. The west connector appears to be about 9 additional stories, and about 190 feet. It would appear that an amenities deck of some sort (pool, recreation, outdoor dining, etc.) will be located on the roof of the primary pedestal (around 80 feet above the street) and surround by the U-shaped three towers. It is initially unclear which elements will be in which buildings: 225-room 5-star-rated hotel, 220 luxury apartments, and 200 high-end condos. The $325 million project is being undertaken by Second Avenue Partners, which is a group of investors made up of Northern Capital (from Grand Rapids, MI) and The Congress Group (from Boston, MA). No dates have been set yet on ground-breaking or completion.