A vibrant commercial center expected to lure corporate office tenants is next on the horizon for Nashville's trendy urban district known as The Gulch.
MarketStreet Enterprises, developer of the previously rundown rail yard, has formed a partnership with Spectrum/Emery to develop, lease and manage five Class A office buildings.
The five separate sites, slated for Demonbreun Street at 11th Avenue South, Demonbreun Street at 12th Avenue South, 12th Avenue South at Laurel Street, 12th Avenue South at 11th Avenue South and 915 Division Street, are located in the heart of The Gulch.
The buildings will range in size from 100,000 to 600,000 square feet for a total of 1.5 million square feet of office space, and will be between 12 and 22 stories high.
The new buildings will accommodate Fortune 500 companies and businesses within the music, financial, legal, healthcare and technology industries.
The Gulch, bordered by McGavock Street to the north, 8th Avenue to the east and I-65 to the west and south, was a bustling railroad corridor in the early 1900s but by 1999, had transformed into a dead industrial wasteland.
The area's transformation was spearheaded through a $450 million master plan originated by MarketStreet Enterprises.
The area is now comprised of restaurants and high-rise condominium complexes.
In 2009, The Gulch was the first area in the south to receive LEED for Neighborhood Development certification for its green status.
The certification is based upon principles of smart growth, new urbanism and green building.