Kimpton Hotels to Operate Hotel Component in $100M Mixed Use Midtown Project
- Aug 27, 2014
Buckingham Companies, the developer of Buckingham Midtown, a 17-story, 600,000-square-foot mixed-use project in Midtown Nashville, has announced Kimpton Hotels & Restaurants as the operator of the project’s 180-key hotel component.
Scheduled to open in late 2016, the full-service hotel will feature 6,500 square feet of meeting and event space, a restaurant, bar and pool. The hotel is part of the San Francisco-based boutique operator’s expansion into the Southeastern US, which includes a future location in the former R.J. Reynolds Building in Winston-Salem, N.C. Kimpton is on the fast-track towards expansion, with three new properties expected to open in the current year and an annual seven in 2015 and 2016. Kimpton has reportedly been planning on a Nashville location for some time and was looking for the right entity to partner with.
“We selected Kimpton as our hotel partner because of its extensive experience with boutique concepts, [and] the strength of its brand. Kimpton and Buckingham Companies are working together closely to create a new style of hotel specifically suited to the Nashville market,” said Scott Travis, senior vice president of development for Buckingham Companies.
The 600,000-square-foot Buckingham Midtown will rise in Nashville’s vibrant Midtown neighborhood, on a two-acre site adjacent to Vanderbilt University’s campus, at the intersection of 21st Avenue South, Broadway and Division streets. The 17-story development will comprise 350 high end apartments, a 180-key hotel with restaurant and bar, 35,000 square feet of ground-level retail space and 630 parking spaces. The residential component will include studios and one-, two- and three-bedroom units. Residents will have access to hotel amenities. Buckingham Midtown will seek LEED certification upon completion. Buckingham Midtown will have a phased delivery, with overall completion expected for early 2017. The mixed-use high-rise will carry a price tag of $100 million, reports the Nashville Business Journal.
Images courtesy of Kimpton Hotels & Restaurants