505, previously known as 505 CST and Paramount, is a residential skyscraper in downtown
Nashville, Tennessee
Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and ...
, located at the intersection of Fifth Avenue and Church Street. 505 stands on the location originally intended for the cancelled
Signature Tower.
The 45-story building is tall
and feature of floor space.
505 is the tallest building in Nashville based on occupied floors,
and the second tallest overall behind the
AT&T Building.
It includes 500 apartment units ranging from under to more than ,
with an option to later convert the top 175 units to
condominiums.
Other planned areas include three retail spaces including an ground-level restaurant,
a
amenity
In property and land use planning, amenity (lat. ''amoenitās'' “pleasantness, delightfulness”) is something considered to benefit a location, contribute to its enjoyment, and thereby increase its value.
Tangible amenities can include the ...
level,
and 690 parking spaces.
It is expected to cost .
The architect is
Solomon Cordwell Buenz
Solomon Cordwell Buenz (SCB) is an international architecture, interior design and planning firm based in Chicago, Illinois with offices in San Francisco, California, Boston, Massachusetts, Seattle, Washington, and Abu Dhabi, United Arab Emirat ...
.
Preleasing opened in November 2016, with rents ranging from $1,500 to $6,300 per month (excluding penthouses).
The building
topped out
In building construction, topping out (sometimes referred to as topping off) is a builders' rite traditionally held when the last beam (or its equivalent) is placed atop a structure during its construction. Nowadays, the ceremony is often parlaye ...
on May 18, 2017,
and opened to its first tenants on October 1, 2017 in advance of completion in January 2018.
Initially, no sales are planned for 505. The investment and financing arrangements, including an investment from a
real estate investment trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...
, do not allow for sales during construction.
505 was named Best New Skyscraper in the 2017 ''Nashville Scene'' "Best of Nashville" awards.
See also
*
List of tallest buildings in Nashville
This list of the tallest buildings in Nashville ranks skyscrapers in Nashville, in the U.S. state of Tennessee, by height. The tallest building in the city and the state is the AT&T Building, which rises in downtown Nashville and was compl ...
References
External links
*
Giarratana Development
{{Use mdy dates, date=March 2018
Skyscrapers in Nashville, Tennessee
Residential buildings completed in 2018