505 (Nashville)

505, previously known as 505 CST and Paramount, is a residential skyscraper in downtown Nashville, Tennessee, located at the intersection of Fifth Avenue and Church Street. 505 stands on the location originally intended for the cancelled Signature Tower.[3] The 45-story building is 522 feet (159 m) tall[2] and feature 403,000 sq ft (37,400 m2) of floor space.[4] 505 is the tallest building in Nashville based on occupied floors,[6] and the second tallest overall behind the AT&T Building.[3] It includes 500 apartment units ranging from under 400 sq ft (37 m2) to more than 4,000 sq ft (370 m2),[6] with an option to later convert the top 175 units to condominiums.[4] Other planned areas include three retail spaces including an 8,000 sq ft (740 m2) ground-level restaurant,[6] a 45,000 sq ft (4,200 m2) amenity level,[4] and 690 parking spaces.[3] It is expected to cost US$169 million .[7] The architect is Solomon Cordwell Buenz.[3]

505
505 (Nashville) viewed from Broadway and 5th Ave on December 3, 2017. The Ryman Auditorium is on the right in the foreground.
Former names
  • 505 CST
  • Paramount
General information
StatusComplete
TypeResidential apartments
Location505 Church Street
Nashville, Tennessee
United States
Coordinates36°9′45.9″N 86°46′48.9″W
Construction startedDecember 2015
Topped-outMay 18, 2017[1]
CompletedJanuary 2018
OpenedJanuary 2018
Height522 ft (159 m)[2]
Technical details
Floor count45[3]
Floor area403,000 sq ft (37,400 m2)[4]
Design and construction
Architecture firmSolomon Cordwell Buenz[3]
DeveloperGiarratana Development, LLC
Main contractorArcher Western Construction[5]
Website
505nashville.com

Preleasing opened in November 2016, with rents ranging from $1,500 to $6,300 per month (excluding penthouses).[7] The building topped out on May 18, 2017,[8] and opened to its first tenants on October 1, 2017 in advance of completion in January 2018.[5][6] Initially, no sales are planned for 505. The investment and financing arrangements, including an investment from a real estate investment trust, do not allow for sales during construction.[7]

505 was named Best New Skyscraper in the 2017 Nashville Scene "Best of Nashville" awards.[9]

See also

References
  1. "Real estate notes: Ground breaks for 18th & Chet". Nashville Post. May 17, 2017. Archived from the original on July 8, 2017. Retrieved May 18, 2017.
  2. Williams, William (September 16, 2015). "Mid-November groundbreaking slated for 505 skyscraper". Nashville Post. Archived from the original on September 16, 2015.
  3. Sichko, Adam (April 2, 2015). "Giarratana lands more money for downtown skyscraper — with a new look". Nashville Business Journal. Archived from the original on April 7, 2015.
  4. Ward, Getahn (April 2, 2015). "Giarratana raises $60M for 505 tower, releases renderings". The Tennessean. Archived from the original on April 7, 2015.
  5. "Real estate notes: 505 to partially open in October". Nashville Post. February 21, 2017. Archived from the original on March 6, 2017. Retrieved March 2, 2017.
  6. Skovira, Kristen (June 12, 2017). "Take A Look Inside Nashville's Tallest Residential Tower, 505 Nashville". NewsChannel 5 (WTVF). Archived from the original on July 8, 2017. Retrieved July 7, 2017.
  7. Ward, Getahn (November 2, 2016). "Preleasing starts for Giarratana's 505 residential skyscraper". The Tennessean. Archived from the original on March 6, 2017. Retrieved March 2, 2017.
  8. Ward, Getahn (May 18, 2017). "Giarratana: Expect 505 tower condo conversion decision early next year". The Tennessean. USA Today Network. Retrieved May 24, 2017.
  9. Williams, William. "Best New Skyscraper". Nashville Scene. Retrieved November 13, 2017.

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