Signature Tower
Encyclopedia
Signature Tower was a projected mixed-use skyscraper
which had been approved for construction in Nashville, Tennessee
, United States
. Groundbreaking was originally scheduled for 2007, but has been delayed. When completed, it was to contain condominiums, office space, a Kimpton
-brand Hotel Palomar Nashville, and retail space. The building was originally planned to have 70 stories and stand 1030 feet (314 m) in height. That would have made it the tallest building in the South and the tallest building in the US outside of New York City
and Chicago
, surpassing Bank of America Plaza
in Atlanta, Georgia
by 7 feet (2 m). However, in December 2008, developer Tony Giarratana announced that the project would be downsized, due to the economic recession. Giarratana stated that the number of condos would be reduced from around 600 to under 100, but the average condo size would more than double from an average of 1500 ft2 to 3500 ft2. The height of the revised Signature Tower was to be 807 feet (246 m) and 50 stories tall.
The Signature Tower was being developed by Giarratana LLC at an estimated cost of US$
250 to 370 million. The building's physical address would have been 505 Church Street, on the southwest corner of Church and Fifth Avenue North, which was for many years the location of a Cain-Sloan
department store. Giarratana announced on July 18, 2006 that it had slated Turner Construction Co. of New York to complete the project.
Construction of the building was slated to begin once half of the 400 residential apartment units had been sold. As of late December 2007, 102 of the 400 units had been presold. When the plan was overhauled in December 2008, this timetable was revoked.
As of December 2009, the official website for the Signature Tower is no longer in operation.
In November 2011, Giarratana announced that he was going to build a smaller mixed use tower with a different design on the site.
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...
which had been approved for construction in Nashville, Tennessee
Nashville, Tennessee
Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. It is located on the Cumberland River in Davidson County, in the north-central part of the state. The city is a center for the health care, publishing, banking and transportation industries, and is home...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Groundbreaking was originally scheduled for 2007, but has been delayed. When completed, it was to contain condominiums, office space, a Kimpton
Kimpton Hotels & Restaurant Group
The Kimpton Hotel & Restaurant Group Inc. is an American hotel and restaurant company. Founded in 1981 by William Kimpton and led by Chief Executive Officer Michael Depatie, it is the largest chain of boutique hotels in the United States. The company's headquarters are in San Francisco,...
-brand Hotel Palomar Nashville, and retail space. The building was originally planned to have 70 stories and stand 1030 feet (314 m) in height. That would have made it the tallest building in the South and the tallest building in the US outside of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, surpassing Bank of America Plaza
Bank of America Plaza (Atlanta)
Bank of America Plaza is a skyscraper located in the SoNo district of Atlanta, Georgia. At the tower is the 53rd-tallest building in the world. When it first opened, it was the 9th tallest building in the world, and 6th tallest building in the United States...
in Atlanta, Georgia
Atlanta, Georgia
Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...
by 7 feet (2 m). However, in December 2008, developer Tony Giarratana announced that the project would be downsized, due to the economic recession. Giarratana stated that the number of condos would be reduced from around 600 to under 100, but the average condo size would more than double from an average of 1500 ft2 to 3500 ft2. The height of the revised Signature Tower was to be 807 feet (246 m) and 50 stories tall.
The Signature Tower was being developed by Giarratana LLC at an estimated cost of US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
250 to 370 million. The building's physical address would have been 505 Church Street, on the southwest corner of Church and Fifth Avenue North, which was for many years the location of a Cain-Sloan
Cain-Sloan
Cain-Sloan Co. Inc. was a department store chain based in Nashville, Tennessee, United States. Paul Lowe Sloan, Pat Cain and John E. Cain founded Cain-Sloan in Nashville in 1903. The company merged with Allied Stores Corp. of New York in 1955 and remained under its umbrella before being sold to,...
department store. Giarratana announced on July 18, 2006 that it had slated Turner Construction Co. of New York to complete the project.
Construction of the building was slated to begin once half of the 400 residential apartment units had been sold. As of late December 2007, 102 of the 400 units had been presold. When the plan was overhauled in December 2008, this timetable was revoked.
As of December 2009, the official website for the Signature Tower is no longer in operation.
In November 2011, Giarratana announced that he was going to build a smaller mixed use tower with a different design on the site.