Future of Nashville Convention Center Weighed in by the Local Experts on Real Estate

The cancellation of the Medical Trade Center project in Nashville was no longer a surprise. But what is next for the abandoned space?  The Convention Center’s exter...

Future of Nashville Convention Center Weighed in by the Local Experts on Real Estate Close
Page Summary

Future of Nashville Convention Center Weighed in by the Local Experts on Real Estate

Posted by Gary Ashton: RE/MAX ADMIN on Wednesday, November 14th, 2012 at 5:36pm.

The cancellation of the Medical Trade Center project in Nashville was no longer a surprise. But what is next for the abandoned space? 

The Convention Center’s exterior has already been obsolete after several years from the time it was opened in 1987. Similar to other huge convention facilities that have opened in the 1980s and 1990s, the colossal building has useful yet unattractive innards, which was always unpleasant to design enthusiasts who put more importance on aesthetics rather than functionality. However the building was built in the 80s, when Nashville residents did not have access to first-class quality on planning and architecture. 

In February of 1985, numerous locals were happy that Sam Davis Hotel was demolished and replaced with the Nashville Convention Center and Renaissance Nashville Hotel. 

The Hotel still brings good revenue and will resume its operation. However the future of Nashville Convention Center remains a question.  At present the Renaissance Hotel has a deal with the Metro to utilize some of the center’s meeting space until June of 2017. Few of the spaces are situated nearby the hotel and can also be kept for a long term. Putting Med Mart on the main area is not included in the plan but will House of Blues stimulate the economy in the area? What about retail, residential, office space, or movie theater? 

Tony Giarratana of Giarratana Development stated that all developments involving a residential element will face challenges, especially with the proximity of the center to the Lower Broad including the noise coming from the street. 

Giarratana did not think that residential is ideal for the location. He stated that he conceptualizes of using a part of the building for something else. The place will accommodate various entertainment purposes. 

He added that demolishing and constructing a new building will enable higher-density development, which can accommodate hospitality, entertainment, retail, and parking. The Metro may even ponder reconnecting the 6th Avenue between Broadway St. and Commerce St. 

According to the Nashville Civic Design Center’s Design Director and lecturer, Gary Gaston, the site can be an important underground type parking facility. A garage can have a spreading effect because it will result to surface parking area developments. 

As for retail, Jimmy Granbery, a veteran developer, thinks that the site is perfect for reinvention. He stated that the site is an excellent real estate location with plenty of things happening around it. It has a surprise factor for providing something unexpected. 

However a lot of things are expected to happen that might not happen according to Granbery. 

With all things said, what might become of the site remains uncertain. 

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

Google

Leave a Comment