NASHVILLE, TENN. — SomeraRoad has started construction of the first ground-up tower within its Paseo South Gulch mixed-use project in Nashville. Known as Prima, the building will include 278 apartment units, 18,000 square feet of Class A office space and 8,000 square feet of retail space.
ESa designed the project, which is slated for completion by the third quarter of 2023. Clark Construction is the general contractor. Safehold Inc. and S3 Capital provided financing.
The tower will complement the recently completed adaptive reuse of two historic buildings within the project featuring office and retail space. SomeraRoad has planned future ground-up projects within Paseo South Gulch, with construction of a second tower scheduled to begin by early 2023.
“Paseo South Gulch will be a premier live-work-play destination in Nashville, and the start of Prima is a significant step toward our transformational vision becoming a reality,” says Andrew Donchez, principal and head of development at SomeraRoad. “We’ve worked tirelessly to craft every detail of Paseo South Gulch, to tie new towers into the adaptive reuse of historic structures and future phases, to ultimately create a district that feels authentic and vibrant.”
The name Paseo speaks to the district’s interconnected walkways and terraces and its emphasis on bringing people together with outdoor programming, according to SomeraRoad. South Gulch is an emerging district east of Magazine Street and south of Gleaves Street.
Tenants unveiled at the project so far include corn tortilla maker Maiz de la Vida, restaurant Two Hands and animal hospital GoodVets.
Charlie Gibson of Cushman & Wakefield leads office leasing, while Elam Freeman of Ojas Partners is handling retail leasing. In addition to ESa, design and engineering partners include Hawkins Partners, Manuel Zeitlin Architects and Kimley Horn.
SomeraRoad is a commercial real estate investment and development company headquartered in both New York City and Nashville. The firm has acquired more than $2 billion of commercial real estate debt and equity, and manages over 20 million square feet of assets across the U.S.
— Kristin Hiller