2025 is go-time for some of Nashville’s most anticipated developments. While many projects have been put on pause over the last few years due to continued interest rate hikes, a few kept chugging along with topped-off buildings and new tenant announcements. From a transformative 19-acre downtown development to a new 12South hotspot, here are four high-profile projects opening this year.
Nashville Yards
Southwest Value Partners, led by Cary Mack, is spearheading
Nashville Yards , which is
opening this year . The 19-acre development at the entryway to downtown includes two
Amazon towers, the Grand Hyatt, the Union Station hotel, the new Pinnacle tower, two residential towers, an
entertainment district and more. The project's total price tag is estimated to exceed $1 billion. 2024 was a big year for Nashville Yards. The former Lifeway Christian Resources campus began to take new shape with the topping off of multiple towers and
retail ,
restaurant and
office tenant announcements . “We were looking at the beautiful renderings and the beautiful watercolor sketches. Today, you can put your feet on the streets that were once sketches, and it is the most thrilling, exciting thing,"
Janet Miller , CEO of Colliers Nashville, previously told the Business Journal. Many real estate professionals believe Nashville Yards will shift the epicenter of downtown, and that vision may soon come to fruition.
Peabody Union
Ray Hensler’s
transformative Peabody Union project is set to open this spring. The 4.6-acre mixed-use project, located on downtown’s riverfront, includes a six-story office building and a 27-story, 354-unit apartment tower. The two buildings will both feature ground-level retail,
creating a pedestrian experience with five food and beverage concepts and around a dozen retail brands. Hensler is spending $3.5 million on greenway improvements to “create a lot more engagement with the Cumberland River than there has ever been in Nashville.” “We’re trying to create an experience that doesn’t exist in Nashville now in terms of retail, restaurants, public spaces, connection to greenways and proximity to downtown without necessarily being in the middle of the way of Broadway," Hensler previously told the Business Journal. The development is envisioned to be a
catalyst for a new neighborhood altogether,
dubbed South Bank , creating an escape from the hustle and bustle of Lower Broadway.
Ashwood 12South
A New York-based developer is nearing completion on a
new 12South hotspot . Turnbridge Equities recently finished
construction of Ashwood 12South , a 117,500-square-foot retail and office development, and tenants will begin moving in this year. The 1.92-acre project, anchored at 2212 12th Ave. S., will add 22 new retail and restaurant options to the hot neighborhood, as well as 73,000 square feet of office space. There are few developments of this scale in 12South, and it’s possible that this will be the last of its kind. “This really is one of the last opportunities to do something in 12South on this block just given how dense it is, and the supply constraint bound by residential neighborhood on all sides. There's not really opportunity for development of this scale, and this was a four-year process from the time we started the [specific plan], and zoning was a big hurdle in and of itself,” Mallory Miller, director of marketing at Turnbridge, previously told the Business Journal. “It would just be very hard for another developer to get a similar project off the ground of this size.” Ashwood 12South will become the new gateway to the popular neighborhood. New tenants coming to the development include
La La Land Kind Café , NYC-based menswear brand
Todd Snyder , Lettuce Entertain You Restaurants’
Sushi-San , SunLife Organics, Birkenstock, Reformation, Roark and more.
5 City Blvd
Chicago-based Convexity Properties is welcoming tenants this year at
5 City Blvd. , a 15-story office building atop 17,000 square feet of retail in Nashville’s OneCity master development on Charlotte Avenue. The project was one of the only local office developments to
break ground in 2023 during a time when interest rates were high and interest in office space wavered. Convexity locked down a
$125 million construction loan from
Goldman Sachs for the building that will add 300,00 square feet of office space to one of the cities hottest corridors. No office tenants have been announced, but the shiny glass building will soon be ready for move-ins. “We think there’s a lot of untapped potential in this particular pocket,” Jessica Minton, senior vice president at Convexity, previously told the Business Journal. "There will always be tenants that want to be [downtown], but we’re looking to capitalize on the tenants who are growing tired of that congestion.”