The proposed 1.5 million square foot Nashville Medical Trade Center will be the only such facility in the United States and could open as soon as 2010.
Bill Winsor, CEO of Market Center Management, told News 2 the new convention center proposed for downtown Nashville was a big motivational factor for his company to open the facility in Music City.
"...With that new convention center opening up, it's going to add a lot of additional temporary space for trade programs and events that will serve the mart," he said in a phone interview Monday.
The medical trade center would have three components; permanent showrooms for healthcare companies, space for temporary trade shows exhibitions and conference rooms to accommodate medical trade events.
"I think we have great space downtown, there are places to build, there are places to occupy today," said Tom Turner, Executive Director of the Downtown Partnership.
The Downtown Partnership keeps track of businesses that come and go in downtown Nashville and is familiar with Market Center Management's initial plans for the medical trade center.
"Having one specific location I don't think is a requirement, so they could take up space in a number of different buildings," said Turner.
Several of downtown Nashville's skyscrapers have up to 200,000 square feet of vacant office space.
"Our first focus is to narrow down and complete our site, and we are very close to finalizing that," said Turner.
Market Center Management operates market centers on three continents including a retail trade center in Dallas, a fashion design center in Los Angeles, and expo halls in Brussels, Belgium and Shanghai, China.