An office tower that opened at the western gateway into downtown Nashville, Tennessee, landed the 2023 CoStar Award for top commercial development, as judged by real estate professionals familiar with the market.
One22One, developed by GBT Realty Corp. based in the Nashville suburb of Brentwood, rose on a former Firestone Complete Auto Care location and used car lot for an auto dealer across from Broadway, a main thoroughfare into the city center.
The 24-story building sits at Broadway inside Interstate 40, the western border of downtown. It’s also near The Gulch, a longtime redevelopment that now includes the office buildings for e-commerce giant Amazon’s operations center as well as other new projects.
One22One won a quarterly CoStar Power Broker award last year for Nashville law firm Bradley’s lease that took the tower’s top four floors.
About the project: The project was developed by GBT Realty Corp., in collaboration with Koch Real Estate Investments, Gresham Smith, Brassfield & Gorrie, Lyne Interiors, MACK, HDLA, Noresco, TRC Worldwide Engineering, Alvine Engineering, IP Design Group, Ragan Smith, Geo-Technology Associates and KCI. Its construction cost totaled $141 million.
In addition to Bradley, the building will be the future home of FirstBank’s 52,000-square-foot regional headquarters, with the right to expand to more than 100,000 square feet. New-to-Nashville restaurant Chotto Matte, a Japanese and Peruvian fusion concept with additional locations in Miami, London, Toronto, and Doha, will occupy ground and mezzanine retail space.
They made it happen: Jeff Pape, managing director for development at GBT Realty; Tommy Stowell, project manager at GBT Realty; and Fiona Haulter, senior vice president for diversified development at GBT Realty.
