NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has broken ground on its future global headquarters in Nashville’s East Bank, advancing its investment in the city as a hub for cloud, artificial intelligence (AI) and healthcare technology. Project costs are estimated at $4.5 billion, according to local media reports. Oracle plans to create thousands of jobs as campus development progresses.
Spanning roughly 78 acres, the planned campus will include retail spaces as well as a 120-room Nobu hotel and restaurant. The first buildings are expected to open in 2030.
Oracle’s investment includes $175 million for public infrastructure such as a new pedestrian bridge across the Cumberland River, a public park, greenway connections and street improvements. The bridge will connect surrounding neighborhoods with the campus and park.
Designed by Foster + Partners, the development will transform a former industrial site into a greener riverfront environment, with more than 1,900 trees and habitats designed with ecologists to support biodiversity. Oracle is targeting LEED Gold certification across the campus.
In April 2024, the technology company announced that it would relocate its global headquarters from Austin to Nashville. Oracle had previously relocated to Austin from its longtime hub in Redwood City, Calif., in 2021.
“Oracle’s decision to build its global headquarters in Nashville reflects the strength of Tennessee’s workforce and business-friendly climate,” says Tennessee Gov. Bill Lee.
Oracle says Nashville’s healthcare community is central to its future in the city. The company’s collaboration with Meharry Medical College and Vanderbilt University connects technology with medical education and research. Oracle also works with Nashville General Hospital and local organizations like Quorum Health, as well as veterans and military spouses.
Oracle’s stock price opened at $124.01 per share Wednesday, Nov. 11, down from $236.15 per share one year ago, a 47.5 percent decrease.
— Kristin Harlow