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Old April 25th, 2018, 09:01 PM   #1
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DOWNTOWN | The Paramount | 229m | 750ft | 60 fl | Proposed

It appears that all the moving parts for Tony Giarratana's magnum opus seem to be falling into place. His long-held dream for Nashville's definitive tall boy will come to fruition on the lot currently held by the Church Street Park, directly north of the Downtown Library, and between 6th Ave. North and Capitol Blvd. It would also include the 3 story structure at 206 Capitol Blvd., as well as the surface lot at 208 Capitol Blvd that was once the home of Knickerbocker Theater.

Portions of the story from Nashville Post:

Giarratana said he is not ready to discuss details of the skyscraper that would rise from what was Metro’s first pocket parkHowever, he has said in the past he would like to develop a tower of at least 650 feet, and insiders feel the skyscraper, if it materializes, could reach 750 feet tall.

Giarratana and Metro officials are discussing a land deal that would see Giarratana Nashville LLC develop a tower of an undisclosed height at the city’s Church Street Park site between Sixth Avenue and Anne Dallas Dudley Boulevard (Capitol Blvd.)

In exchange for that property, the company would develop an affordable housing apartment building and homeless services facility (anchored by the Metro Homeless Commission) of eight stories on a distinctively shaped property that Giarratana owns at 301 James Robertson Pkwy. Another thread has been started for that project.

Giarratana unveiled the basics of the plan Monday night at a meeting of the Urban Residents Association. He stressed the effort remains in the very preliminary stages.

“We’ve studied a number of solutions and opportunities and here is one we feel has merit,” Giarratana told the Post, adding the company will continue to discuss the plan with Metro officials and downtown business owners, property owners and residents.

Erik Cole, Metro’s chief resilience officer, said Giarratana would devote $5 million to improve Anne Dallas Douglas Boulevard with green space to compensate for the loss of the pocket park.

Cole said Metro Planning Commission will need to approve a rezoning of the park site and that the Metro Council will need to OK the land deal. It is unclear if Giarratana Nashville will acquire five adjacent parcels north of the pocket park.


More behind the paywall at Nashville Post:

https://www.nashvillepost.com/busine...for-skyscraper
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Old April 26th, 2018, 07:21 PM   #2
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This would be amazing if it got built, Nashville's skyline is starting to look a bit stubby (though I love all the new additions, I just think we need a standout piece).
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Old April 27th, 2018, 12:17 AM   #3
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Quote:
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This would be amazing if it got built, Nashville's skyline is starting to look a bit stubby (though I love all the new additions, I just think we need a standout piece).
At this point, density before height. We have 1000's of surface parking lots that need to be filled. Taller structures will come in time. It seems Tony Giarratana is the only developer even considering height.

We don't see any other developers looking to build over 500 feet. The ATT Tower was built in 1994, and nothing taller since.
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Old April 27th, 2018, 08:53 AM   #4
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Quote:
Originally Posted by L&C Tower Admirer View Post
At this point, density before height. We have 1000's of surface parking lots that need to be filled. Taller structures will come in time. It seems Tony Giarratana is the only developer even considering height.

We don't see any other developers looking to build over 500 feet. The ATT Tower was built in 1994, and nothing taller since.
I understand the practicalities of it, but I'm referring to aesthetics. I'm not wanting tons of tall buildings right now necessarily, just one that will surpass the Batman Building. 23 years is a long time for the Batman Building to have the throne.
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Old April 27th, 2018, 03:36 PM   #5
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Not either-or high rise or infill. It's both-and! Besides, this is SKYSCRAPERcity.com
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Old April 27th, 2018, 05:14 PM   #6
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Not either-or high rise or infill. It's both-and! Besides, this is SKYSCRAPERcity.com
Agreed. Not sure why we can't have a building taller than the Batman Building, while also adding to density
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Old May 2nd, 2018, 04:42 PM   #7
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Someone on the City-data forum with the name "505ChurchStreet" reported that the height will be 700-750 feet. Hopefully this goes through politically since it is contingent upon the land swap and $25 million for the homeless services center and workforce housing. It seems that the District Councilman is in favor at the moment which is huge.
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Old May 2nd, 2018, 11:30 PM   #8
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Quote:
Originally Posted by Hey_Hey View Post
Someone on the City-data forum with the name "505ChurchStreet" reported that the height will be 700-750 feet. Hopefully this goes through politically since it is contingent upon the land swap and $25 million for the homeless services center and workforce housing. It seems that the District Councilman is in favor at the moment which is huge.
That is myself as well. Two website message boards and two different names. If Tony does not get this lot, there are other options for him. 505 was not his last building. He announced today he is working with Operation Standown to build affordable units for veterans on 12 South.
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Old May 6th, 2018, 09:32 AM   #9
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Quote:
Originally Posted by L&C Tower Admirer View Post
That is myself as well. Two website message boards and two different names. If Tony does not get this lot, there are other options for him. 505 was not his last building. He announced today he is working with Operation Standown to build affordable units for veterans on 12 South.
I guess you moved into 505 then? If so, congratulations!
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Old May 7th, 2018, 02:25 AM   #10
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Quote:
Originally Posted by Hey_Hey View Post
Someone on the City-data forum with the name "505ChurchStreet" reported that the height will be 700-750 feet. Hopefully this goes through politically since it is contingent upon the land swap and $25 million for the homeless services center and workforce housing. It seems that the District Councilman is in favor at the moment which is huge.
Ohhhh I'm sure we'll find a way to screw it up.
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Old May 7th, 2018, 09:58 PM   #11
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Quote:
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I guess you moved into 505 then? If so, congratulations!
Have not moved in yet! Would like to at some point!
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Old August 13th, 2018, 10:51 PM   #12
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The tower is now called The Paramount and official estimates seem to be 60 stories and 650 feet. The footprint is only the park and no longer included are buildings behind the lot that were once considered.

The building will have no parking. Here is the latest:

https://www.bizjournals.com/nashvill...iarratana.html


Tony says it will be called Paramount Tower and will be 60 stories with 200 residential units, and no parking garage in an interview at NBJ today.

Highlights:

"I won't call it Paramount if I can't get above the 'Bat Ears' (referring to the AT&T Tower's spires). Paramount means 'superior' and 'above all'...I'm a purist in that sense," says Giarratana.

"Gone are the days of doing a garage under a tower like this. It's not the direction we see downtown Nashville going," Giarratana said. "All the major towers in the big cities, it's valet."

There are also space constraints. The Church Street Park property is not even 0.3 acres, and a tower built there would occupy an even tinier footprint. Giarratana said that's not enough room for the ramps necessary in a multi-level parking garage.

In exchange for Church Street Park, Giarratana would commit as much as $7 million to create a park elsewhere downtown, on land he would give to Metro, and to overhaul the look of Anne Dallas Dudley Boulevard, which borders Church Street Park. Giarratana also would oversee construction of an 11-story building downtown that would contain 100 to 150 low-income apartments and a services center for the homeless. Metro would fund construction but not pay Giarratana developer fees.

Giarratana has received public aid for many of his past projects. He and Metro officials say that will not happen this time. "It's expressly part of the agreement that there is no public participation," Giarratana said.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashvill...ories-200.html

More details on the land swap here:

https://www.bizjournals.com/nashvill...with-tony.html
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Old October 23rd, 2018, 07:19 PM   #13
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According to a journalist friend of mine who went to the meeting regarding the land swap, Tony wants to build 750 feet. There is a rendering, but not yet released. I have a friend who has also seen the rendering. Should be magical if this happens on this location.
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Old October 24th, 2018, 12:38 AM   #14
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Tower to be 750'

https://www.nashvillepost.com/politi...land-swap-deal
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Old October 25th, 2018, 03:55 AM   #15
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Quote:
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would you mind quoting the important bits? Paywall and all.
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Old October 31st, 2018, 05:45 PM   #16
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The Nashville Convention & Visitors Corp. as well as the Nashville Downtown Partnership have both endorsed the land swap for the Paramount Tower development at the Church Street Pocket Park.

More at NBJ here:

https://www.bizjournals.com/nashvill...etro-land.html
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Old December 13th, 2018, 09:34 PM   #17
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The Nashville Civic Design Center trying to derail the project as is Dee Patel who owns the Hermitage Hotel. (Ironically the other buildings he has on the block have been left to rot.) Business leaders are backing Tony Giarratana however.

Part 1: https://www.civicdesigncenter.org/ne...-space.3375039

Part 2: https://www.civicdesigncenter.org/ne...part-2.3385741
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Old January 15th, 2019, 09:11 PM   #18
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Final rendering released:

https://www.facebook.com/goettschpar...type=3&theater
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Old March 27th, 2019, 05:30 PM   #19
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Metro Government plans to issue a Request For Proposal (RFP) involving the Church Street =pocket park and Parmount Tower.

“The proposed swap elegantly addresses several important, lingering and compounding issues — such as on-street homelessness, accessible urban public space, and Metro cash flow — not to mention adding additional residential units and residents in a stunning new tower,” Giarratana emailed the Post on Tuesday. “We stand ready to execute the transaction but were recently informed that Metro intends to issue a request for proposal for the park parcel. As we have not yet received a copy of the RFP, we are unable to comment further.”

Giarratana did not noted in the email message if he plans to bid on the site, but he has told the Post in the past he is open to doing so.

Giarratana has stressed that his company has offered to develop Metro’s proposed Permanent Supportive Housing project without any fee or reimbursement of overhead.

“This negotiated bundle of consideration was conservatively valued at $12 million,” he emailed the Post. “Together with the $3 million in new, annual property taxes that our proposed condominium tower would generate, the land swap is a very compelling opportunity for Metro. For its part, Metro is to convey the park parcel to us with the same zoning we received for our 505 parcel back in 2014.”

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/busine...or-pocket-park
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Old April 9th, 2019, 08:37 PM   #20
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Giarratana has released more images of the Paramount, next page -->
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