West End Summit

West End Summit
General information
Status Proposal
Type Mixed use
Location 1600 West End Avenue
Nashville, Tennessee
United States
Coordinates 36°09′16″N 86°47′37″W / 36.1545°N 86.7935°W / 36.1545; -86.7935Coordinates: 36°09′16″N 86°47′37″W / 36.1545°N 86.7935°W / 36.1545; -86.7935
Cost $275MM+ USD
Owner West End Summit Development, LLC (sole member Alex S. Palmer)
Height
Roof 406 ft (124 m)
Technical details
Floor count Parallon Tower, approx. 22 stories
SCRI Tower, approx. 17 stories
InterContinental Hotel, approx. 12 stories
Floor area 900,000 sq ft (84,000 m2).
Design and construction
Architect Kendall/Heaton Associates Inc.
Duda/Paine Architects
Cooper Carry
Developer Alex S. Palmer & Company, Worth Properties, InterContinental
Structural engineer Stanley D. Lindsey & Associates
Main contractor Turner Construction Company[1]

The West End Summit is a long-mooted mixed-use construction project near downtown Nashville that has failed to materialize after over ten years of setbacks. Conceived by Nashville-based Alex S. Palmer & Company, the project was originally planned to open in 2007 as the West End Summit, a $300 million project for office space and apartments.

Excavation initially started in 2005, but the project stalled as the developer attempted to cope with the credit crunch and sought an anchor tenant for the office portion of the project.[2] It was relaunched in September, 2012 with news that Nashville-headquartered Hospital Corporation of America (HCA) had signed leases to occupy two office towers on the site. In addition to the office towers, an InterContinental Hotel was planned as part of the development.

The site remains a massive, block-long excavation that is commonly called Lake Palmer, as this 85-foot-deep (26 m) hole is mostly filled with water.[3] The site is visible on Google Maps as a lake labelled Lake Palmer on West End Avenue, between 16th and 17th Avenue.[4]

Criticism

The failed West End Summit project, along with developer Alex S. Palmer & Company, has faced public and media scrutiny because of its numerous construction delays, financing woes and construction liens.[5] Harmon Inc. filed a lawsuit stating it was owed US$120,000 by Alex S. Palmer & Company and Bovis Lend Lease for engineering services related to the project.[6]

Anchor tenants signed and later withdraw

On September 27, 2012 Nashville Mayor Karl Dean, Gov. Bill Haslam, and HCA Chairman and CEO Richard Bracken, jointly announced the location of two corporate headquarters divisions of HCA at the West End Summit property.[7] The proposed development would consist of two towers of approximately 20 stories each, with one tower anchored by the corporate headquarters of Parallon Business Solutions and the other anchored by Sarah Cannon Research Institute (SCRI). The rainwater was completely drained (mostly into the street) in 2013 for the anticipated construction of the HCA building.

More than a year after HCA signed leases, construction had failed to start due to Alex S. Palmer & Company being unable to obtain equity financing for the $275 million project. In December 2013, HCA withdrew from the West End Summit project, opting to build its own campus on a nearby site in Nashville's North Gulch district. The excavation filled back up with water.

Intercontinental Hotels also withdrew a proposal in July 2015.

See also

References

  1. ↑ http://nashvillepost.com/category/tags/west_end_summit
  2. ↑ Sisk, Chas (November 6, 2008). "Firm sues West End project developer over payment". The Tennessean. Retrieved January 8, 2009.
  3. ↑ "How Nashville West End Summit Became Lake Palmer". Nashville Real Estate. October 4, 2009. Retrieved June 7, 2010.
  4. ↑ "Lake Palmer, Tennessee 1, Nashville, TN". Google Maps. Retrieved 9 May 2017.
  5. ↑ Ashton, Gary (October 21, 2012). "West End Summit No Longer A “Hole” In The Ground". The Ashton Real Estate Group of RE/MAX Advantage. Retrieved December 24, 2016.
  6. ↑ Lawson, Richard (November 8, 2008). "Contractor sues West End Summit backers". Nashville Post. Retrieved December 24, 2016.
  7. ↑ "Hello, West End Summit. Goodbye, Lake Palmer". The City Paper. October 2, 2012. Retrieved December 24, 2016.
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