Nashville May Grow Up With a 1,057-Ft Tower

With approval for a redesigned high-rise in its pocket, the developer of what may become Nashville's tallest building and the tallest tower in the U.S. outside Chicago and New York City, is moving full-steam ahead. The plan is to break ground in January, after financing is secured for the 1,057-ft-tall, hotel-residential condominium tower.

The goal is to have financing wrapped up in November. But before that happens, the developer must lock in a hotel operator and an equity investor. So far, we are funding the estimated $300-million project out of pocket, says Ted Kromer, development director for Giarratana Development LLC, Nashville.