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Transactions - APRIL 19, 2017

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$430m mixed-use project to be developed in Nashville

by Andrea Waitrovich

San Diego–based developer OliverMcMillan and local developer Spectrum | Emery are jointly developing Fifth + Broadway, one of the largest mixed-use developments in Nashville and all of Tennessee. The development cost wasn’t disclosed but the project is estimated to cost $430 million to develop.

Fifth + Broadway, located in downtown Nashville, will feature 235,000 square feet of retail and entertainment space, including the 56,000-square-foot National Museum of African American Music; a restaurant concept by Nashville restaurateur Tom Morales; a 385,000-square-foot office tower at 501 Commerce; more than 350 apartments; and more than 2,000 parking spaces.

The development will replace the 6.2-acre Nashville Convention Center.

Completion of the project is expected by late 2019. And construction has started.

Nashville has a strong local economy, population and employment growth, increasing personal income and a thriving residential market, according to C

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