NASHVILLE, Tenn. (WKRN) — Fashion chain H&M has pulled out of the Fifth + Broadway project being built in Downtown Nashville.
Hall Strategies confirmed to News 2 that the fashion giant, who was one of the first tenants in the project, decided to pull out of the development.
“H&M was an early believer in Fifth + Broadway and we thank them for helping to jumpstart our vision for how the project could redefine what is possible in downtown Nashville,” said a Hall Strategies spokesperson.
The statement from Hall Strategies went on to say that some fo H&M’s strategies have changed since then and it was a mutual agreement to part ways.
“They originally signed on more than two years ago, and some of their strategies have changed since then thus it was a mutual and amicable decision with H&M to go in a different direction.”
Hall Strategies said the retail and entertainment portion of the project is 75% leased.
Other fashion retailers for the project are expected to be announced in the future.
News 2 is reporting on Nashville’s historic growth and the growing pains that come with it. Click here for more Nashville 2019 reports.