Despite rumors, plans to open a new medical trade mart in downtown Nashville in 2014 are still on track, according to officials.
The first of its kind medical mart will offer a one-stop shopping Mecca for the global healthcare industry.
Dallas-based Crow Holdings is spearheading the $250 million project that will reuse the current Nashville Convention Center on Broadway.
According to Dr. David Osborn, the project is about 40% either leased or in the final stages of leasing.
"We need to get to about 60%, as we've said all along, before we secure the financing and start the construction, but we're real pleased with the progress we've made just in the last several months," he said.
Construction includes adding eight floors to the existing structure.
"We've had nothing but support from the mayor's office as well as the state of Tennessee for the project," Osborn said.
Osborn continues to refute any comparisons to Cleveland's termed medical mart and convention center project which is publicly funded and under construction.
"The two projects are very different. They're different in size, ours is about 11 times the size of the Cleveland Medical Mart. Theirs, in our opinion, is going to be more of a regional buying office for that part of the country. Ours is really going to be the only international comprehensive trade center for the healthcare industry," he explained.
Nashville's medical mart is scheduled to open in the first quarter of 2014.