
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.
My main advice to the structural and geotechnical engineers on this one: pay attention to the foundations. The karst soils in downtown Nashville are tricky (not that they don't already know this, of course).
Interesting side note: Nashville is also home to the Opryland Hotel (now known as the Gaylord Opryland Resort & Convention Center), the largest hotel in the country outside of Las Vegas (and the largest non-casino hotel in the world).
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |