From the birthplace of country music to a burgeoning real estate hotspot, downtown Nashville has been rapidly transforming. At the heart of this change is Nashville Yards, a stunning 19-acre development changing the face of Music City's real estate scene.
Once home to Lifeway, a renowned Christian book company, the site was sold in 2015 to Southwest Value Partners for a hefty sum of $125 million. The vast 15-acre campus became the canvas for Nashville's biggest urban makeover. By 2018, all but the Frost Building had been demolished, and big plans were brewing for this prime Nashville real estate.
One of the first milestones of the Nashville Yards project was the completion of the Grand Hyatt in 2020. Positioned across Broadway from the old Lifeway campus, it's not just any hotel – it's one of the finest Hyatts you'll find anywhere, featuring the culinary delights of local chef Sean Brock’s Continental.
But the transformation didn't stop there. In 2018, Amazon made a landmark announcement that would send shockwaves through the city: they were bringing 5,000 jobs to Nashville, along with two sleek new towers. As of now, the first tower is already standing tall, while the second is under construction.
Wondering what more can fit into these 14 acres? Plenty. Two residential towers offering around 2,000 apartments are in the works, along with seven acres of open space (a rarity in downtown Nashville). The development will also host a new live music venue operated by AEG, seating 4,500 and bridging the gap between Ryman and Ascend Amphitheater capacities.
And there's more! The development will see the opening of a Goddard School child care facility, an Iconic premium gym, and a luxury cinema by EVO Entertainment. Moreover, Pinnacle Bank plans to move their HQ to Nashville Yards, inhabiting a 575-foot tower that'll be Nashville's tallest today.
Yet, Nashville Yards isn't the only construction changing the Nashville skyline. Across the street, prolific developer Tony Giarratana's Alcove residential tower has just sprung up, and another is underway. Giarratana is also developing what will be Nashville's new tallest tower, housing a downtown YMCA and 250 residential units.
However, it's not all rosy. This development boom comes with its downsides. Traffic is one, and affordability is another concern, with two premium hotels, high-end dining, a luxury gym, and cinema potentially driving up prices.
So, are you thinking about making a move to Nashville? Or perhaps you're already a local watching your city change before your eyes? Either way, stay tuned to our weekly content, where we explore the Nashville real estate scene and more. Drop your questions below or reach out to Justin@justinfloydhomes.com. We'd love to be your resource on this exciting journey!
Keywords: Downtown Nashville, Nashville Yards, Real Estate, Development, Amazon towers, Grand Hyatt, Lifeway campus, Southwest Value Partners, Tony Giarratana, Pinnacle Bank, AEG, Nashville Real Estate, Moving to Nashville, Nashville Yards development.