Cool Springs project could lure Fortune 500 companies to Nashville
Developers in Nashville began breaking ground on an ambitious 71-acre environmentally-friendly office park to lure Fortune 500 companies into the city, according to the Nashville Business Journal. By attracting large companies with substantial numbers of employees, the housing market for real estate in Nashville could soon see increased demand. There are currently 9 Fortune 500 companies headquartered in Nashville, according to CNN.
Spectrum Properties/Emery is in charge of the development, which will consist of the aforementioned proposed office park as well as retail and apartment buildings. Additionally, before construction of the office space commences, the company plans to proceed with the building of an 11-acre, $10 million park. Some of the park amenities include a 600-seat outdoor amphitheater, miles of walking paths and boardwalks and open spaces for corporate events.
"Franklin Park's unmatched green infrastructure, tied exclusively to top-of-the-line Class-A office space and multifamily living, will create an ideal community for corporations seeking a holistic environment with quality-of-life for their employees," said Pat Emery, president of Spectrum Properties/Emery, in a press release.
Construction on the first buildings is slated to begin by the end of the year, with no official launch date announced yet.