It is no surprise that Nashville is currently one of the leading US cities for commercial development. With nearly every neighborhood in the greater Nashville area seeing exponential growth, local and out of state investors are taking advantage of the momentum.
As Nashville grows, the area continues to be the premier destination for upscale Cool Springs office space, with abundant class-A buildings, countless nearby amenities, and the convenience of I-65. Recent announcements include Peak 10 Inc., a tech company based in Charlotte that houses data centers, moving in among multiple large-scale developments that are currently underway along Carothers Pkwy (which runs just East of I-65) and includes the Ovation and Franklin Park projects. Ovation, an enormous undertaking being developed by Highwoods Properties (NYSE: HIW), is located at the Southeast intersection of Carothers and McEwen Drive with development plans of up to 1.4 million square feet of office space. Similarly, Franklin Park will house 1.25 million square feet of class-A office space on 71 acres of “smart mixed-use space,” just across the street from Ovation.
Altogether, these projects are injecting roughly $2 Billion of commerce in the area and will likely make waves in the corporate structure of Middle Tennessee as it continues to strengthen its growing reputation as a hub for technology and new businesses.