Propst Development to develop $500m Nashville project

Huntsville, Ala.-based Propst Development has plans for a 1.2 million-square-foot mixed-use development in Nashville.

Construction costs and financing details for Broadwest were not disclosed; however, local media outlets are estimating $500 million to develop.

Broadwest will feature a 21-story tower that will include more than 510,000 square feet of class A office space. The second tower will rise 34 stories and include a 14-floor, 245-room hotel, plus 20 floors featuring roughly 200 condominium units.

Approximately 125,000 square feet of office and retail space, along with a one-acre park in the center of the development, will connect the two towers. Plans also call for a 2,500-space parking deck.