Propst Development Unveils Plans for $500M Mixed-Use Project in Nashville
NASHVILLE, TENN. — Propst Development LLC, a real estate development firm based in Huntsville, Ala., has unveiled plans for Broadwest, a 1.2 million-square-foot mixed-use development in Nashville.
The two-tower project will be located at 1600 W. End Ave., near the intersection of Broadway and West End in Nashville’s Midtown district. Construction costs and financing details were not disclosed, but local media outlets are reporting that Broadwest will cost nearly $500 million to develop.
Broadwest will feature a 21-story tower that will include more than 510,000 square feet of Class A office space. The second tower will rise 34 stories and include a 14-floor, 245-room hotel, plus 20 floors featuring roughly 200 condominium units.
Approximately 125,000 square feet of office and retail space, along with a one-acre park in the center of the development, will connect the two towers. Plans also call for a 2,500-space parking deck.
The project team includes Chartwell Hospitality, which will co-own and operate the hotel; Parks Realty, which will lead the condominium sales; JLL, which will handle leasing for the office portion; Cooper Carry, the project architect; general contractors Turner Construction Co. and Hoar Construction; and Premier Parking, which will oversee the parking component.
The site sits at one of the highest points in Nashville, nearly 40 feet higher than the Gulch and 100 feet higher than downtown, according to Propst Development. The company acquired the project site in March, and plans to break ground on the towers this fall.
Propst has reviewed development plans with Metro Government of Nashville & Davidson County staff and will file the final zoning amendment for the 3.9-acre site in the coming days.
“We are committed to building a world-class development with the quality and integrity reflective of Nashville, and we’ve assembled an exceptional development and construction team to accomplish this and bring Broadwest to life,” says Chris Brown, principal of Propst Development. “This is a prominent site where the city’s most well-known avenues meet, and we believe Broadwest represents the next evolution of Nashville’s growth.”
— John Nelson and Camren Skelton