The old downtown Convention Center has had an uphill battle trying to become repurposed despite being next to the Bridgestone Arena and the Ryman. Finally, OliverMcMillan has partnered with Pat Emery to come up with a $400 million plan for these 6.7 acres of downtown space.
Their goal to build a 22-story tower for apartments, office, retail, restaurant and museum space was announced to the public. While the project has been delayed, the plans are still underway. Here is a look at what they’d like to make happen at the old Convention Center in downtown.
What are the plans?
The $400 million plan for the 6.7 acre downtown space was to make a 22-story tower to work for many uses. They’d like there to be 250-300 apartments, 180,000 square feet of retail and restaurant space, 300,000sqft of office, 35,000 square feet of foot venue space and 40,000 square feet to hold the National Museum of African American Music.
At one time, the city was trying to have the first ever 12-story medical super mart available here but the city put those plans to rest in 2012. Last fall, the new plans were started and with these new plans, the office space will forego over 840,000 square feet. As long as developers can get 40% leased by January 31st when the final plans submission is due to the convention center authority, then construction might begin in the summer of 2015.
The former plans
The original plan for the convention center was to have the country’s first medical super mart. The reason this didn’t pan out is that the developer couldn’t get 60% of the initial lease requirements to start the construction which forced the city to go back to the drawing board.
This prime real estate at 5th Avenue and Broadway is not going to be a 12-story medical super mart but now a 25 story mixed-use office building. They hoped to have 840,000 square feet of office space and 244,000 square feet for retail space with 50,000 square feet designated to the National Museum of African American Music which would have it in the perfect spot facing Broadway and finally an 1,800 space underground parking garage.
Instead, they are decreasing the square footage on these uses to allow for retail and restaurant space and apartments. Other plans that were considered were to have it tie into the renaissance hotel, be used as a pedestrian plaza or to use it for a House of Blues location.
Nashville is excited to see this building be repurposed for something once and for all.
The Ashton Real Estate Group of RE/MAX Advantage
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