Tishman Speyer Buys Nashville Tower
This marks the firm's second acquisition in the market.
Tishman Speyer has announced its latest acquisition in Nashville, Tenn. The firm purchased 2010 West End Ave. for $112 million. Tishman bought the tower with a $67.2 million loan from Corebridge for the purchase.
Developed by CA Ventures and completed in 2021, the 25-story residential tower features 6,000 square feet of retail space and includes 358 apartments ranging from studios to two-bedroom layouts. Units include washers and dryers, air conditioners with some residences having a private patio or balcony attached. Other community amenities at 2010 West End Ave. include a rooftop pool, a fitness center, a dog run, a hot tub and coworking space.
Tishman Speyer planse to make multiple enhancements in the future, which will expand the building’s lobby and improve the available amenities for residents. According to Yardi Matrix data, as of April 2025 the community was 88 percent occupied.
Located in downtown Nashville, the medical district is near the community. Broadway, the city’s epicenter for nightlife with multiple entertainment, retail and dining options, is under a mile away and Vanderbilt University is right across the street.
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This acquisition is the second of its kind in Nashville for Tishman Speyer. Back in 2023, the company bought a 1.21-acre site at 133 Korean Veterans Boulevard for $27 million and then sold a portion of the property to T2 Hospitality, according to Nashville Business Journal.
Tishman is making residential advancement across the U.S. In Jersey City, N.J., right off the Hudson River, it closed on a $331 million construction loan for phase two of a two-building project. The financing will go toward a 40-story tower with 924 units. The larger project will add 1,941 apartments and 70,000 square feet of retail space to the area. Phase 1 includes a 58-story, 1,017-unit mixed-used tower, which work started on in December 2023 and is expected to finish in early 2027.
Nashville’s growing market
The Nashville multifamily market saw a decade high in deliveries in 2024. According to a Yardi Matrix report, the metro brought 10,111 units online through November 2024, with 23,107 still under construction. Absorption also remains high as demand in the area continues to grow. According to data from Matthews Real Estate Investment Services, throughout 2024 approximately 11,000 units were absorbed.
A joint venture between Pendry Hotels & Resorts, SomeraRoad and Trestle Studio recently obtained $253 million in construction financing for a 30-story luxury development. Located in Nashville’s Paseo South Gulch district, the project will be a mixed-used development, bringing the area 180 hotel rooms and 146 condos. Construction plans also include 10,000 square feet of meeting and event space. The project is expected to come online in 2027.
