Quote:
Originally Posted by PillowTalk4
This announcement is good news. I'm really hoping the Nashville Yards development will take off sooner rather than later and I'd love to see a tower on the north side of Church St. I would have preferred an announcement with a break ground date as opposed to a completion date. The reason being is too much can happen in a market that could turn the tide. I hope that will not be the case for Nashville. But I suspect given a 2021 opening date, this project could change based on what is built between now and the end of 2019 and the demand at that time. That's assuming it will take approximately one and half to two years to build.
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This one was a surprise as it was always shown as a future project. I thought the three mid-rise buildings would be built first. But maybe they found a large tenant, or the tenant found them, and pushed the project forward.
As I stated earlier, the Dutch corporation, Philips, has a strong presence in Nashville and has stated they want to put their name on a building in a prominent location. Philips began as a lighting products company, but has now developed as a large health care products provider which will fit into Nashville's large health care industry very well.
The South Korean, Hankook Tire Company is locating their North America headquarters in Nashville. It is rumored they want to be in a more prominent location and building than the Japanese Bridgestone Tire Company, now located in a majestic 30 story building in Nashville's SoBro district. So maybe one of those two is behind the sudden change in priorities. Nashville is starting to acquire a nice collection of major corporate headquarters now.
The Church Street canyon with the Nashville Yards building in the distance (my photo shopped rendition).
And an updated (my crude photo shop, again) shot of the 'near' future skyline as we understand it will be.