Monarch & GBT will take on the redevelopment of the 8-acre Beaman dealership in Midtown Nashville. The site is located at a prime intersection in the Nashville core and across from another GBT Development one22one.
With more than $9 Billion in managed assets, Monarch plans to create a highly attractive development in the heart of Nashville. Together with GBT, the site is positioned to become a catalyst in defining the future of the Nashville skyline & economy. The site is currently zoned for 1.75 million square feet of mixed-use real estate. This will allow for residential, retail, hospitality, and office use.
“This has been one of the most highly sought after and anticipated redevelopment sites in Nashville due to its importance in connecting Downtown to Midtown, its size and potential scope, and its prominence intersecting major thoroughfares and interstates; We are proud to partner with Monarch whose deep and broad real estate experience coupled with our own knowledge of leading-edge development in our home market will ultimately deliver a transformational project that greatly enhances and evolves the urban core of Nashville.”George Tomlin, President and CEO of GBT Realty
The Beaman site is located at the intersection of Broadway & 14th Avenue South and directly west of Interstate 40 and 65. The site provides immediate accessibility to key destinations and areas including the Gulch, Music Row, Vanderbilt University, and Downtown. This announcement will add to more than 7 Million SF of development in Midtown Nashville.
Be sure to subscribe for more on this and other Developments In & Around Nashville!