Saturday, December 31, 2011

Is IKEA finally coming to Nashville?

It was recently announced that Northwestern Mutual is now tapping Cool Springs developer Boyle Investment Co. for consulting and development for the 30 acre site it owns along Charlotte Avenue near the Capitol. This area has been commonly referred to as the North Gulch.

Nothing has been confirmed yet, but the article states that IKEA, Target and Publix are in negotiations to anchor the mixed use development with more details to come within the year.

Crosland was originally the developer that Northwestern Mutual had selected to help create a vision for the property, which had gotten as far as developing a simple site plan which can be found here. The new developer, Boyle Investment Co., is responsible for the Meridian development in Cool Springs.

To read the full article go here.

According to a recent Tennessean article on potential downtown retail, a regional spokesperson for Target has stated that they no longer have any interest in the former Greyhound bus terminal property. So that now leaves Publix and IKEA as potential anchors for the development (as far as we know).