The first apartment units will be available this October at 505, downtown Nashville’s tallest high-rise where a ceremonial topping out is set for May 18. On Tuesday, developer Tony Giarratana received unanimous approval from the Metro Development and Housing Agency’s design review committee for a change to design of the 45-story 505 residential skyscraper rising at Church Street and Fifth Avenue North.
Mixed-use tower 505 – rising within the heart of downtown’s central business district – will be open to its first residents in October. According to a release, all units and amenities for what will be Nashville’s tallest residential building (at about 545 feet) are planned for completion by January 2018, according to developer Giarratana Nashville.
The first residential units of 505 – the downtown apartment high-rise being developed by Tony Giarratana – will open this fall.
Among the new buildings is the 505 Tower at the heart of downtown Nashville. FOX 17 received a first-look of the 45-story residential building. It will be 50% taller than the tallest residential building and feature a pool, tennis courts, cabanas, and bocce ball area.
The 1987-era Nashville Convention Center at the corner of Broadway and Fifth Avenue was made obsolete after the opening of Music City Center south of Broadway in 2013. Developers now say they are turning their attention to the construction phase, which will include demolition of the old convention center. Read more to learn about the new construction of 505.
The latest aerial construction photographs from 505, the soon-to-be largest residential tower in Nashville, have been revealed. Archer Western crews are currently performing concrete deck work on Level 17, concrete core work at Level 20, and window installation is underway on Level 7.
The 350 residences on the first 29 levels will include studios, convertibles, and one-bedroom and two-bedroom suites. In addition to the two-story, two- and three-bedroom penthouses on level 45, levels 30 and up will include larger studios, convertibles and one-bedroom and two-bedroom suites. The units on levels one through 29 range from $1,500 to $3,800 a month. Those on Level 30 and up (not including penthouses) range from $2,200 to $6,300 a month.
Strap on those virtual-reality headsets, everybody: Tony Giarratana is touting his forthcoming 45-story downtown skyscraper in a cutting-edge way you’ve never seen, yet one that’s also quintessentially familiar for a man who has made himself one of the city’s most recognizable developers.
Now, you can get a glimpse of some of what the VIPs in attendance saw — depicting what it will be like to live in the tallest residential building in the state of Tennessee, 524 feet in the air. The $169 million tower will contain 550 apartments (Giarratana has foreshadowed that he intends to sell the top third of the building as condos).
“505 is a game changer for Nashville. Not just taller than the last generation of high-rise residential buildings, but an entirely new class that will elevate and forever change high-rise living in downtown Nashville,” said Giarratana development director Ted Kromer.
Developer Tony Giarratana has picked a general contractor for 505, the 45-story skyscraper with 550 residential units planned at the corner of Fifth and Church downtown.
The $155 million construction project set to start in mid-November will be Chicago-based Archer Western Construction’s first job in Nashville.
Developer Tony Giarratana is expected to close this week on a $93.3 million senior construction loan, which would wrap up financing for the 45-story 505 skyscraper he plans for the corner of downtown’s Fifth and Church.
505, previously known as 505 CST and Paramount, is a residential skyscraper currently under construction in downtown Nashville, Tennessee, located at the intersection of Fifth Avenue and Church St.