Development focuses on delivering high-end luxury hotel, amenities and riverfront condos that are unrivaled in the Nashville market
Nashville, Tenn. (November 21, 2017) – AECOM Capital Real Estate has entered into a general partnership with The Congress Group on the transformative 151 1st Avenue South development in the SoBro area of downtown Nashville.
“We’re thrilled to join The Congress Group and enter the Nashville market with this world class project,” said Timothy D. Haskin, senior managing director of AECOM Capital Real Estate. “This will not only be an iconic addition to the skyline, but also serve to supply unmet demand for luxury hotel rooms and property ownership along the water and in the urban core.”
151 1st Avenue South is now designed as a singular 40-story tall high-rise tower with 142 luxury riverfront condominiums paired with a 232 room five-star luxury hotel in the center podium. The project will provide parking to 374 cars and maintain around 8,000 SF of retail which will serve to activate First Avenue across from West Riverfront Park. In this advanced design, a previously shown multifamily tower has been removed to keep project focused on synergies between hotel and condominiums.
“As we pressed forward on our plans, we determined it would be to the benefit of our project to stay focused on the luxury condominiums and hotel and their relationship to one another,” said Rich O. Kershaw, senior project manager of The Congress Group. “The new design will create a complete luxury lifestyle experience that is unmatched in the market and the one tower configuration ensures future condominium owners will have unprecedented and unrestricted views of the river and downtown.”
The project is the culmination of years of advancement in the SoBro area of Nashville, with the recently opened 222 office building, American Headquarters of Bridgestone, as well as the award-winning Ascend Amphitheater which opened in 2015, all within a block of the project.
Lead architect on the project is Solomon Cordwell Buenz (SCB) in Chicago. Construction will be led by AECOM Hunt and is expected to commence by third quarter of 2018.
About AECOM Capital
AECOM Capital, a subsidiary of AECOM, is an investor and developer of real estate, infrastructure and public-private partnerships across North America and select international markets with a total development value of approximately $5 billion. Targeting high-quality, risk-adjusted investments, AECOM Capital leverages AECOM’s vast resources across all engineering, design and construction services for deal flow, due diligence, execution and project delivery. AECOM, a premier, fully integrated global infrastructure firm, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations in more than 150 countries. For more information, visit www.aecomcapital.com.
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