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A developer acquired finances, around $232.3 million, to construct the tallest building in Nashville and the whole of Tennessee. The funds pave way for creating 140 condos, 360 apartments inside a massive 60-story skyscraper at 1010 Church Street.
The developer, Tony Giarratana, bought the site in 2022 for $26 million. As part of the deal, he committed to revamping and expanding downtown’s YMCA. On Wednesday, Giarratana announced the financial package includes $172.3 million construction loan from Bank OZK in Little Rock, Arkansas. Additionally, $60 million comes from Related Fund Management in New York for building the skyscraper.
Giarratana’s creation from 2017, the 45-story 505 building on Church Street, inspired the structure. His newest high-rise ventures continue that architectural style.
His recent projects include the 34-story Alcove at 900 Church and the 38-story Prime at 801 Church. There is also a curved 45-story tower planned at 800 Lea Avenue. The design draws cues from the 505 edifice. Giarratana said:
“505 essentially served as our proof of concept and informed the design of every aspect of 1010. 505 has 178 condos atop 350 apartments and 187 parking spaces, while 1010 features 140 condos atop 360 apartments and 500 parking spaces. We are also including 121 parking spaces for the new YMCA that we’re developing next door.”
Architects for the Tennessee’s tallest building
The Chicago-based firm, Goettsch Partners, handled the architectural design. Engineers that contributed include Bala Consulting Engineers, DeSimone Consulting Engineers, and Barge Design Solutions. Giarratana LLC CIO Jacob Chapman said:
“We believe 1010’s timing is about perfect and will deliver its condos and apartments in high demand, low supply environment. Tony often commented that what we were attempting to do with 1010 was impossible in the current market, but that we should do it anyway.”
Marc Stengel, a partner at Ridgefield Properties, an investor in this project, expressed his thoughts. For three decades, his firm collaborated with Giarratana. He viewed this milestone as a momentous occasion, a “topping off event” for his company. Said Stengel:
“For some 175 years, our family — via its Sudekum and Stengel branches — has been persistently dedicated to the successful growth of the city that welcomed us as German immigrants determined to make our home along the banks of the Cumberland River in the mid-19th century.”
Which are the tallest buildings in Tennessee?
Nashville has had the tallest buildings in the state since 1970. After the completion of the recent project, all 10 of Tennessee’s tallest structures will stand in Nashville. Here are the top five:
1. The 60-story skyscraper at 1010 Church Street
This building will become the tallest building in Tennessee when completed.
2. AT&T building
Tennessee has the AT&T Building, previously known as South Central Bell Building and BellSouth Building. The skyscraper informally called Batman Building stands tall at 617 feet (188 m) with 33 stories. It was completed in September 1994 located in Nashville. Designed to fit 2,000 employees, this office tower has been Tennessee’s tallest building for decades.
3. Four Seasons Hotel and Residences
The 40-story, 542-foot-tall tower is located near the Cumberland River in the SoBro neighborhood flanking downtown and the trendy Lower Broadway honky-tonk district.
4. 505
505, formerly titled 505 CST and Paramount, this high rise is located in Nashville’s downtown. Fifth Avenue and Church Street converge at its location. Soaring 45 stories skyward, it reaches 522 feet high, and 403,000 sq ft graces its expansive interior floorplan.
5. Bridgestone Tower
Bridgestone Tower looms tall in Nashville, Tennessee, standing at 200 4th Avenue South. Soaring 140 meters (460 ft) into the sky with 30 floors. The skyscraper’s design comes from Perkins+Will, completed in 2017. It serves as Bridgestone Americas’ headquarters, a branch of Bridgestone, the global tire and rubber company.
The 60-story skyscraper at 1010 Church Street will soon stand out in Nashville’s skyline. It will go well with tall buildings like the AT&T Building and Bridgestone Tower. Its unique look will blend with the city. The tower also marks an exciting time for downtown. |
