Convexity Properties announces closing of a $125 million construction loan for office tower development in Nashville
NASHVILLE, TN – January 4, 2023 – Convexity Properties (Convexity), a full-service real estate investment firm has announced the closing of construction financing for 5 City Blvd, a 15 story – 360,000 square ft. Class A office tower within Nashville’s prolific mixed-used destination of ONEC1TY.
“We’re very excited to begin work on 5 City Blvd, a building we’re proud to enter the Nashville market with,” said Jeremy Kerman, Director of Development with Convexity. Construction is anticipated to start in Q1 2023 and Convexity has hired J.E. Dunn to serve as General Contractor. Chicago based Goettsch Partners has been selected as lead architect.
The project has been financed by a $125 MILLION construction loan with Goldman Sachs.
About Convexity Properties
Convexity Properties is a fully integrated real estate investment firm known for its development of unique retail, residential, commercial and mixed-use properties throughout the United States. Operating as part of diversified trading firm DRW, Convexity Properties has a track record of investing in historic properties, reimagining them to add value and create new purpose. Convexity Properties engages in a number of value-add and ground-up developments, working with local development, design and architecture firms to deliver high-quality projects that reflect the spirit of the community. For more information visit www.convexityproperties.com.
For more information on 5 City Blvd, visit: https://5cityblvd.com/
- Type: Class A Office tower
- 360,000 SF of office space
- 18,000 SF of ground floor retail
- 900 parking spaces
- 15 stories
- 200 feet tall
- 17-acre site
- Intersection of City Avenue and City Boulevard (within ONEC1TY)
- Q4 2024 delivery
- Developer: Convexity
- Architect: Goettsch Partners
- General Contractor: JE DUNN
- Leasing: Frank Thomasson and Byron Fort, CBRE
Justin H. Wilson, Hall Strategies