Developer plans $300M trade center in 2010 - Nashville Business Journal:

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A Dallas-based subsidiary of the family’s real estate holdingas announced plans Monday fora 1.5 million-square-foot medica l convention and trade center in downtown Nashville. The tradw center would be completed in four with the first finished byJuly 2010, says Bill chief executive officer of . He says specificas on the costs of the first phaser will be clearer afte r the site in downtown Nashville is Winsor is looking for a site forthe “multi-buildinfg and multi-stage private development” in downtownj Nashville. He says the complex will includee new buildings and existing buildingwsand sites.
Market Center looked at developinh such a medical trade center in severaloother markets, including Orlando and Chicago, but chosw Nashville because of the number of promineny health care companies and institutionse based here, Winsor says. “You’ve got the hospitals, HCA based there,” he “It makes all the sense in the The center would have showrooms for health care product information technology firmsand distributors; trade show and conference facilities for medical trade events, according to the Dalla s firm.
“I would say, that when you look at logical placee forvarious operations, this projecrt would be a great fit for says Janet Miller, economic development officer for the Nashville Area Chamberd of Commerse. For the past several months, Market Centee has had ongoing discussions with Nashville business and city though the project specificz and what local efforts it wouldc take to get it builtrare unclear, Miller says. “Allp of that remains to be but we’re evaluating this like we woulsd anyeconomic development,” she says. “This thing is in what I woulcd call anexploratory phase.
” Market Center Management, and its parentf company Dallas-based , operatesa trade centers in Shanghai and Brussels. The Nashville projecgt is meant to rival a medical trade center proposed for downtown of Chicago is slated to build the Ohio Merchandise Mart vice president Mark Falanga saysthe $425 1.1-million-square-foot project in Cleveland is in a city with extensivr medical infrastructure and facilities, including the . The which has been in the workxsince 2005, also has a head he says. “We’re very far down the road with this he says, noting that financingb is secure, including from an additionak city sales tax which has been in effectr since 2007.
Falanga says that over the past four several developers have made unsucessful attempts to copy the concepg of the medicaltrade center, including in New York, Denvet and Orlando. “The style of this grouop is trying to copy something from our but they will not have the followe through to sustain inthe marketplace,” he