Endeavor Real Estate JV launches construction of mixed-use project in US
Endeavor Real Estate Group and its joint venture (JV) partner Granite Properties have started the development of Gulch Union, a three-phase mixed-use development in Nashville, Tennessee, US.
Endeavor Real Estate Group and its joint venture (JV) partner Granite Properties have started the development of Gulch Union, a three-phase mixed-use development in Nashville, Tennessee, US.
Located in The Gulch neighbourhood, the start of the project construction follows the closing of a 2.75-acre city block property for the project on 1 August.
Endeavor managing principal Jamil Alam said: “The Turner Family has done a phenomenal job creating The Gulch, which has evolved into a world-class urban mixed-use neighbourhood. With Gulch Union, we intend to expand and improve upon the tremendous momentum within the amenity-rich, sustainable and walkable Gulch neighbourhood.”
Granite Properties senior managing director John Robbins said: “Granite Properties is excited to partner with Endeavor to begin the first phase of developing Gulch Union in the dynamic neighbourhood The Gulch in Nashville.”
“With Gulch Union, we intend to expand and improve upon the tremendous momentum within the amenity-rich, sustainable and walkable Gulch neighbourhood.”
“We look forward to working together and delivering a distinctive and elegant building that is hospitality-driven with modern workspaces and building-wide programmes that are productivity-enhancing, sustainable and foster a vibrant community.”
The first phase of Gulch Union will see the construction of 1222 Demonbreun, a 20-storey, 330,000ft² Class-AA office building with 6,000ft² of retail space.
Including a full city block, between 12th & 13th Avenues and McGavock & Demonbreun Streets, Gulch Union will unite The Gulch with Broadway and Music Row.
Alam added: “1222 Demonbreun will offer a Class-AA office alternative that is walkable to all the entertainment options in downtown while delivering tremendous views and visibility and allowing for quick access to and from the key traffic arterials.”
According to Endeavor and Granite, the 1222 Demonbreun office building will be ready for tenants to start tenant improvements by February 2020. By June 2020, the project will be ready for occupancy.
For this project, Turner Construction Company is serving as the general contractor and will be financed by the International Bank of Commerce.
The office building is designed by a Texas-based architect.
The future phases of the development will include retail and luxury residential spaces, as well as a boutique hotel.