NASHVILLE, TENN. — The Mathews Company has announced plans to develop a 180-acre assemblage it owns in Nashville. Known as Buchanan Point, the shovel-ready project could accommodate as much as 2.7 million square feet of Class A office and mixed-use space.
The site benefits from easy access to both downtown Nashville and Nashville International Airport. It is situated 7 miles from the former and 1 mile from the latter. It is immediately adjacent to Interstate 40 and provides 4,000 feet of frontage along the highway. The site's location near the Airport North submarket puts it in the company of several large office users including Bridgestone, Kroger and Genesco.
Office space will make up a large portion of Buchanan Point. The developer has approvals in place to develop single-story flex space all the way up to seven-story office buildings. The site is also zoned for hotel space as well as 120,000 square feet of retail. The hotel space will be constructed as the amount of office space increases, and the retail space will follow later.
According to Bert Mathews, president of The Mathews Company, a proposal is currently being a drawn up that would develop 2 acres of the project, kicking off construction. Mathews says his company, as master developer, is willing to sell off land for development as well as undertake build-to-suit projects. The project could be built out in 7 to 10 years.
“Nashville has been very fortunate, in that we are continuing to lease space, continuing to absorb space, and there are fewer and fewer large blocks of space available in the marketplace,” Mathews says.
— Coleman Wood