From 2000 forward, public-private investments in downtown Nashville top $1.15 billion. Projects already announced or on the drawing board in 2005 could easily double that investment level.

Between 2001 and 2008, public investments downtown are projected at more than $531.3 million. Highly visible recent developments include the Nashville Public Library, the Shelby Street Pedestrian Bridge, Gateway Bridge, and the District Energy System. Underway in 2005 are the Metro Courthouse Public Square, Criminal Court Building, Howard Campus for Metro Offices, Church Street and Capitol Boulevard Improvements, and the Demonbreun Street Viaduct. Plans are also being developed for a regional commuter rail system and a central transit station.

Major private sector investments since 2000 include the Commerce Center, the Hilton Nashville Downtown, as well as extensive renovations and construction at The Hermitage Hotel, Holiday Inn Express, LifeWay Plaza, Bank of America Plaza, AmSouth Center Plaza, Cummins Station and Gateway Pavilion. In 2005, construction is well underway on the world-class 1,900-seat Schermerhorn Symphony Center, the Viridian 305-condominium tower on Church Street, and SunTrust Plaza, a $60 million investment bringing new Class A commercial office space.

Additional mixed use developments have recently been announced for The Gulch and Rolling Mill Hill. The ICON, a $100 million 18-story tower in The Gulch, will include 400 residential units and retail space. In Phase I of the Rolling Mill Hill development, two developers will add 387 residential units and retail space on six parcels, with a development investment of at least $70 million.

The Downtown Public Library—an $83 million investment which opened in 2001—has spurred development on Church Street, with over 700 residential units available on Church by 2006, major street improvements in 2005 and approval to construct a new Federal Courthouse on Church Street.
 
The Schermerhorn Symphony Center—a $120 million investment—is an acoustical and design masterpiece occupying a full city block. This facility is already a catalyst for mixed use, dining and residential development in the SoBro (south of Broadway) area.

The investment potential in downtown Nashville is multiplying as both density and demand continue to increase. Contact the Nashville Downtown Partnership for customized research on retail, residential, or business opportunities.