Broadwest reveals new renderings, retail team

Broadwest reveals new
renderings, retail team

Nashville Business Journal
By Adam Sichko - Senior Reporter
Feb 19, 2020

The developers spending $540 million to fill Midtown's one-time infamous pit have released renderings focused on the mixed-use development's retail and restaurant spaces — and announced who will market that space for lease.

Propst Development LLC has tapped brokers Tony Vaughn and Mike Baggett, of Colliers International, to spearhead leasing efforts for the 42,000 square feet of
restaurant and retail space at the Broadwest development. The project, featuring two towers, is filling the 3.9-acre city block at 1600 West End Ave. long targeted by past owner Alex Palmer for his envisioned West End Summit project.

Broadwest involves a 510,000-square-foot office tower — the largest multi-tenant office tower in Nashville since downtown's Pinnacle at Symphony Place opened in 2009 — as well as a 34-story tower with a luxury Conrad Hilton hotel and 196 luxury condos. Propst principal Chris Brown oversees the development for the
Alabama-based company.

The project is set to open in 2021. If fully leased, the office tower could have roughly 2,500 to 3,000 people working in it, based on real estate industry benchmarks.

The retail spaces are concentrated in the office tower and a low-rise building at the rear of the site, on Hayes Street. Propst and Colliers said the spaces include three slots for "signature restaurants" with patio areas. All are on the same level as the 1.5-acre outdoor plaza separating the two towers.

At least one retailer has signed on: ServisFirst Bank (Nasdaq: SFBS) is opening a bank branch in the Hayes Street building. The bank also is moving its local office into the office tower. Other tenants for the tower include law firm Baker Donelson and investment firm Robert W. Baird & Co.

The project includes 2,500 parking spaces in an underground garage.

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