Paramount Tower, 65-68 stories, approx. 750', 200 units, $240 million, Church Street Park

[MLBrumby]

Too soon to get out their whittlin' knives?  

[PaulChinetti]

Bring on the mockups!!! Wooooo

[AronG]

Tony Giarratana is such a baller. I love the way he lays down the trump card here on parking. I hope he can pull this off.

Quote

"Gone are the days of doing a garage under a tower like this. It's not the direction we see downtown Nashville going," Giarratana said. "All the major towers in the big cities, it's valet."

There are also space constraints. The Church Street Park property is not even 0.3 acres, and a tower built there would occupy an even tinier footprint. Giarratana said that's not enough room for the ramps necessary in a multi-level parking garage.

I asked Giarratana where those valeted vehicles would be parked. "May I remind you, we have 18,000 spaces in Nashville," Giarratana replied. He is referring to Premier Parking, the business he founded in 2001.

 

[titanhog]

I'm guessing just under 700'...unless he decides to go with the Siggy design.  That spire would probably take it over 700'.

[nashvylle]

no spire from what I hear. 

 

[CandyAisles]

Something like this.

[titanhog]

I swear...if it ends up being another 505, just taller, I'm gonna protest.  Quietly.  At Home.  #donotwanttonytobeatmeup

[CandyAisles]

2 minutes ago, titanhog said:

I swear...if it ends up being another 505, just taller, I'm gonna protest.  Quietly.  At Home.  #donotwanttonytobeatmeup

I doubt that it will be another 505.

Edited August 8, 2018 by CandyAisles

[smeagolsfree]

Only covers the park with just 200 units and no parking. Should be tall and skinny.

[volsfanwill]

i cant wait for the renderings.  also,  lets take it to 750, just cause,   if the top penthouse has 36 ft ceilings, ill buy!

[Skyscrapergeek]

At 60 floors it shouldn’t be a problem to reach 700’.  The Independent in Austin, now under construction, will be 58 floors and 690’.  The Austonian is 56 floors and 683’. 

[volsfanwill]

Autsonian, I like that name,  maybe we can get a Nashtonian  

[donNdonelson2]

Paramountonian, perhaps?

[Tennessine]

Woohooooo!

[Pdt2f]

I really hope this one has some sort of interesting crown or something. I’m loving the ditching of parking. 

[donNdonelson2]

If not a crown, interesting lighting PLEASE

[titanhog]

3 hours ago, Skyscrapergeek said:

At 60 floors it shouldn’t be a problem to reach 700’.  The Independent in Austin, now under construction, will be 58 floors and 690’.  The Austonian is 56 floors and 683’. 

Yeah...but this is Nashville.  We'll find a way to build a 60 story, 300' perfect rectangle.  5' ceilings are the new "thing." 

[Nash_12South]

No parking? Maybe 200 buyers will be ok with that....by the time its built.

[CandyAisles]

I've always wanted a building developed that had a driving fleet as a part of the HOA or rental rate occupants paid.   Press a button in your 60th floor condo to summon a driver who is waiting to pick you up at street level?  Rich people would dig that, no?

[Tim29tn]

It’s a shame we can’t hit at least 800’. The Devon Tower in OKC is 50 stories at 844’. 

[Vrtigo]

Considering how many of our recent buildings have 30%+ of their floors dedicated to parking, the downside of having no parking is that there will be 30%+ more finished space to fill before financiers will consider it viable.

I love the idea of moving away from our dedication to gratuitous parking everywhere, but we need to be realistic in that it won't automatically result in taller buildings. If anything, it is more likely to yield the opposite.

[PillowTalk4]

I was wondering how he would address the parking issue.  Seems like a plausible idea to do valet parking given the constraints of the property.  But, are Nashvillians ready to have to call for their car every time they are ready to go out beyond the downtown area?  He may have 18K spaces in downtown but are there enough close to that property that will support the requirement for each unit and not take away too many spaces for the general public.

As an alternative he could do underground valet parking in the building that is accessible by car elevators, no ramps required, just an entry point that is about two car lengths deep.  I recently visited NYC and reserved parking for the weekend in a garage that was set up that way.  I left my phone in the car and so when I asked if I could get it, the parking attendant walked me to one of two car elevators, we went down two levels (there were three), we walked to my car which was on the lower rung of a two level parking lift.  I would say there were about 10 of those lifts on the level my car was parked on in addition to a handful of regular spaces along one wall.

[Leif]

1 hour ago, PillowTalk4 said:

I was wondering how he would address the parking issue.  Seems like a plausible idea to do valet parking given the constraints of the property.  But, are Nashvillians ready to have to call for their car every time they are ready to go out beyond the downtown area?  He may have 18K spaces in downtown but are there enough close to that property that will support the requirement for each unit and not take away too many spaces for the general public.

As an alternative he could do underground valet parking in the building that is accessible by car elevators, no ramps required, just an entry point that is about two car lengths deep.  I recently visited NYC and reserved parking for the weekend in a garage that was set up that way.  I left my phone in the car and so when I asked if I could get it, the parking attendant walked me to one of two car elevators, we went down two levels (there were three), we walked to my car which was on the lower rung of a two level parking lift.  I would say there were about 10 of those lifts on the level my car was parked on in addition to a handful of regular spaces along one wall.

Given what these units will likely cost I'd say the average owner won't be buying a primary residence and this won't be an issue. I do think there are a growing number of people who live and work downtown and can forgo a car, or at least not have it as readily available but I don't think it is probably a large number.

[donNdonelson2]

Ride share services and businesses such as Zipcar make it much easier to deal with urban life without the cost and inconvenience of car ownership. Lack of a parking garage shouldn’t be a substantial hindrance to marketing the units in this building.

Edited August 9, 2018 by donNdonelson2
Correction

[Tennessine]

3 hours ago, Tim29tn said:

It’s a shame we can’t hit at least 800’. The Devon Tower in OKC is 50 stories at 844’. 

Even Mobile, Alabama, boasts a taller tower. The Battle House Tower stands at 745 feet with only 35 floors. The crown beautifully accents the building. Would love to have something like that in Nashville.

If Knoxville has a proposal for a 26-story residential building (!!!) then there is no reason Nashville can't crack 700 feet.