Skanska Announces Construction of New Residential Tower and Hotel in Nashville for $175 Million
Skanska's Newest Venture in Nashville
Skanska, a prominent name in the construction industry, has made headlines with its latest contract signing with Ridgeline Development Partners. This venture will see the rise of a new residential tower and hotel in the heart of downtown Nashville, Tennessee, with an investment totaling USD 175 million, equivalent to around SEK 1.7 billion.
Project Overview
The project, aptly named The Bend, is set to cover approximately 50,800 square meters and will include a 12-story residential tower featuring 261 units. This tower will not only provide living spaces but will also have amenity areas tailored for residents. Additionally, for those visiting the city, a 9-story Moxy Hotel with 188 guest rooms will introduce a unique and contemporary accommodation experience, complete with its own dedicated amenities.
Retail and Location Features
A significant aspect of The Bend is the inclusion of 1,600 square meters of shell retail space, designed to foster shopping and dining opportunities. This integration of commercial space within a residential setting highlights a growing trend in urban developments, promoting a live-work-play environment that appeals to a diverse population.
Construction Timeline
Construction activities have already commenced, signaling the start of what promises to be a transformative development for Nashville. The expected completion date is slated for September 2027, marking a significant milestone for the city’s infrastructure growth.
Importance for Nashville
This project is particularly noteworthy as it aligns with Nashville's rapid urbanization and population growth. The addition of such residential and commercial properties is crucial in accommodating the influx of residents and tourists drawn to the city’s vibrant culture and economy.
Skanska’s commitment to quality construction and sustainable practices further enhances the project’s significance, as the company aims to not only create structures but also invigorate the local community.
Contact Information
For further inquiries, interested parties can reach out to Peggy Cook, Communications Director at Skanska USA, via phone at +1 (513) 222 5310, or Andreas Joons, Press Officer at Skanska Group, at +46 (0)10 449 04 94. Media also have the option to contact Skanska through the direct media line at +46 (0)10 448 88 99.
Stay tuned for more updates on The Bend as Skanska brings this ambitious project to life in Nashville, a city known for its rich musical heritage and dynamic growth. More information can be found on Skanska’s official website.