NASHVILLE | Development Showcase

[futuresooner]

The talk in the development community lately is surrounding the city's largest law firm, Waller Lansden Dortch & Davis, has been courting the possibility of moving. They're currently located in 170,000 sq. ft. of space in the Nashville City Center on Union Street and have come to the decision to either stay put or become the anchor tenant for the West End Summit once their lease expires in 2014. If they decide to move then construction of the WES will begin almost immediately because this will lock in the necessary piece to secure financing for the development. The Intercontinental Hotel will supposedly begin at the same time, but doubtful the Summit Residences will be included for that tower.

There is no timeline for the decision as the firm is currently listening to proposals of either staying or going. Needless to say, the development and office space community will be watching this very closely in the coming months.

[arkitekte]

Originally Posted by futuresooner

The talk in the development community lately is surrounding the city's largest law firm, Waller Lansden Dortch & Davis, has been courting the possibility of moving. They're currently located in 170,000 sq. ft. of space in the Nashville City Center on Union Street and have come to the decision to either stay put or become the anchor tenant for the West End Summit once their lease expires in 2014. If they decide to move then construction of the WES will begin almost immediately because this will lock in the necessary piece to secure financing for the development. The Intercontinental Hotel will supposedly begin at the same time, but doubtful the Summit Residences will be included for that tower.

There is no timeline for the decision as the firm is currently listening to proposals of either staying or going. Needless to say, the development and office space community will be watching this very closely in the coming months.

It would be nice watching West End Summit take form, but what impact would that have on the City Center? Who are the other major tenants there?

[futuresooner]

Originally Posted by arkitekte

It would be nice watching West End Summit take form, but what impact would that have on the City Center? Who are the other major tenants there?

Besides offices for the State of Tennessee and First Tennessee Bank I'm really not sure. If Waller leaves then that puts the building at roughly 30% vacancy, give or take a few points.

I think the big glut of vacancy currently in downtown isn't in the high-profile towers but more of the older classes B and C.