West End Summit

West End Summit
General information
Status Postponed
Type Mixed Use
Location 1600 West End Avenue
Nashville, Tennessee
United States
Coordinates 36°09′16″N 86°47′37″W / 36.1545°N 86.7935°W / 36.1545; -86.7935Coordinates: 36°09′16″N 86°47′37″W / 36.1545°N 86.7935°W / 36.1545; -86.7935
Construction started April 2007
Estimated completion 2015
Cost $275MM+ USD
Owner (Anchor Tenants) Parallon Business Solutions and Sarah Cannon Research Institute (SCRI)
Height
Roof 406 ft (124 m)
Technical details
Floor count

Parallon Tower approx. 22 stories

                     SCRI Tower approx. 17 stories
InterContinental Hotel approx. 12 stories
Floor area 900,000 sq ft (84,000 m2).
Design and construction
Architect

Kendall/Heaton Associates Inc.

                     Duda/Paine Architects
Cooper Carry
Developer Alex S. Palmer & Company, Worth Properties, InterContinental
Structural engineer Stanley D. Lindsey & Associates
Main contractor Turner Construction Company[1]

The West End Summit is a long planned mixed-use construction project near downtown Nashville has failed to materialize after nearly 10 years of setbacks. Conceived by Nashville-based Alex S. Palmer Co., the project was originally planned to open in 2007. It was relaunched in September, 2012 with news that Nashville headquartered HCA (Hospital Corporation of America) had signed leases to occupy two office towers on the site. In addition to the office towers, an InterContinental Hotel was planned as part of the development. More than a year after HCA signed leases construction failed to start due to the developer (Alex Palmer Co.) failing to obtain equity financing for the $275 million project. Subsequently, HCA announced that it will build its headquarters on nearby site in Nashville's North Gulch district. The site, located at West End and 17th Avenue, contains a massive, block long, 85 foot deep excavation for an underground parking garage that has filled with water and is jokingly referred to as "Lake Palmer".

Criticism

The failed West End Summit project, along with developer Alex S. Palmer Co., has faced tremendous public and media scrutiny because of its numerous construction delays, financing woes and construction liens. Harmon Inc. filed a lawsuit stating it is owed US$120,000 by Alex S. Palmer Co., the project's developer, and general contractor Turner Construction Co.. Construction excavation work initially started in 2005 as the developer attempted to cope with the credit crunch and was seeking an anchor tenant for the office portion of the project.[2]

Nashville residents often refer the resulting construction hole as "Lake Palmer."[3] This 80-foot-deep (24 m) hole is now mostly filled with rainwater.

The rainwater was completely drained (mostly into the street) in 2013 for the anticipated construction of the HCA building. After the financing fell through, the hole has since filled back up with water.

Anchor tenants signed and later withdraw

On September 27, 2012 Nashville Mayor Karl Dean, joined by Gov. Bill Haslam and HCA Chairman and CEO Richard Bracken, announced the location of two corporate headquarters divisions of HCA at the West End Summit property.

The proposed development would consist of two towers of approximately 20 stories each, with one tower anchored by the corporate headquarters of Parallon Business Solutions and the other anchored by Sarah Cannon Research Institute (SCRI). In December 2013 HCA withdrew from the West End Summit project opting to build its own campus in the North Gulch area near downtown Nashville. Intercontinental Hotels also withdrew in July 2015. This is a dead project and all that can be done now is drain the construction hole which supposed to take 3–4 months: Permit issued to begin draining massive hole off West End Avenue NASHVILLE, Tenn. (WKRN) — The hole that sits off West End Avenue, unofficially dubbed “Lake Palmer,” may soon begin the process of becoming just a hole again.

The hole was originally dug as the beginning of construction for the West End Summit, a $300 million project for office space and apartments.

As construction halted, the hole filled with water.

The hole even showed up as a lake on Google Maps between 16th and 17th Avenue of West End Avenue.

See also

References

  1. ↑ http://nashvillepost.com/category/tags/west_end_summit
  2. ↑ Sisk, Chas (November 6, 2008). "Firm sues West End project developer over payment". The Tennessean. Retrieved January 8, 2009.
  3. ↑ "How Nashville West End Summit Became Lake Palmer". Nashville Real Estate. October 4, 2009. Retrieved June 7, 2010.
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