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
StatusCompleted
TypeResidential apartments
Location505 Church Street
Nashville, Tennessee
United States
Coordinates36°9′45.9″N 86°46′48.9″W / 36.162750°N 86.780250°W / 36.162750; -86.780250
Construction startedDecember 2015
Topped-outMay 18, 2017[1]
CompletedJanuary 2018
OpenedJanuary 2018
Height523 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

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 third tallest overall behind the AT&T Building and the Four Seasons Hotel and Residences.[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]

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. 1 2 Williams, William (September 16, 2015). "Mid-November groundbreaking slated for 505 skyscraper". Nashville Post. Archived from the original on September 21, 2015.
  3. 1 2 3 4 5 6 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. 1 2 3 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. 1 2 "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. 1 2 3 4 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. 1 2 3 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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