505 (Nashville)

505
General information
Status Under construction
Type Residential apartments
Location 505 Church St
Nashville, Tennessee
United States
Coordinates 36°9′45.9″N 86°46′48.9″W / 36.162750°N 86.780250°W / 36.162750; -86.780250Coordinates: 36°9′45.9″N 86°46′48.9″W / 36.162750°N 86.780250°W / 36.162750; -86.780250
Construction started December 2015
Estimated completion January 2018
Height
Roof 543 ft (166 m)[1]
Technical details
Floor count 45[2]
Floor area 403,000 sq ft (37,400 m2)[3]
Design and construction
Architect Solomon Cordwell Buenz[2]
Developer Giarratana Development, LLC
Main contractor Archer Western Construction[4]

505, previously known as 505 CST and Paramount, is a residential skyscraper currently under construction in downtown Nashville, Tennessee, located at the intersection of Fifth Avenue and Church Street. 505 will stand on the location originally intended for the cancelled Signature Tower.[2] The 45-story building will be 543 feet (166 m) tall[1] and feature 403,000 sq ft (37,400 m2) of floor space.[3] It will be the tallest building in Nashville based on occupied floors,[5] and the second tallest overall behind the AT&T Building.[2] It will contain 500 apartment units ranging from under 400 sq ft (37 m2) to more than 4,000 sq ft (370 m2),[5] with an option to later convert the top 175 units to condominiums.[3] Other planned areas include three retail spaces including an 8,000 sq ft (740 m2) ground-level restaurant,[5] a 45,000 sq ft (4,200 m2) amenity level,[3] and 690 parking spaces.[2] It is expected to cost US$169 million.[6] The architect is Solomon Cordwell Buenz.[2]

Preleasing opened in November 2016, with rents ranging from $1,500 to $6,300 per month (excluding penthouses).[6] The building "topped out" on May 18, 2017,[7] and opens to its first tenants on October 1, 2017 in advance of completion in January 2018.[4][5] Initially, no sales are planned for 505. The investment and financing arrangements, including an investment from a real estate investment trust, do not allow for sales during construction.[6]

See also

References

  1. 1 2 Williams, William (September 16, 2015). "Mid-November groundbreaking slated for 505 skyscraper". Nashville Post. Archived from the original on September 16, 2015.
  2. 1 2 3 4 5 6 Sichko, Adam (April 2, 2015). "Giarratana lands more money for downtown skyscraper — with a new look". Nashville Business Journal. Archived from the original on April 7, 2015.
  3. 1 2 3 4 Ward, Getahn (April 2, 2015). "Giarratana raises $60M for 505 tower, releases renderings". The Tennessean. Archived from the original on April 7, 2015.
  4. 1 2 "Real estate notes: 505 to partially open in October". Nashville Post. February 21, 2017. Archived from the original on March 6, 2017. Retrieved March 2, 2017.
  5. 1 2 3 4 Skovira, Kristen (June 12, 2017). "Take A Look Inside Nashville's Tallest Residential Tower, 505 Nashville". NewsChannel 5 (WTVF). Archived from the original on July 8, 2017. Retrieved July 7, 2017.
  6. 1 2 3 Ward, Getahn (November 2, 2016). "Preleasing starts for Giarratana's 505 residential skyscraper". The Tennessean. Archived from the original on March 6, 2017. Retrieved March 2, 2017.
  7. ↑ Ward, Getahn (May 18, 2017). "Giarratana: Expect 505 tower condo conversion decision early next year". The Tennessean. USA Today Network. Retrieved May 24, 2017.
  8. "Real estate notes: Ground breaks for 18th & Chet". Nashville Post. May 17, 2017. Archived from the original on July 8, 2017. Retrieved May 18, 2017.

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