Nashville, TN – Market Center Management Company (MCMC) announced plans to build a two million square-foot medical market facility on the site of the Nashville Convention Center.
The proposed $250 million project would include an unspecified amount of exhibit space, conference rooms and permanent show room space for as many as 600 medical device manufacturers. Construction could begin as early as mid-2010 and would consist of a new 12-story tower erected on top of the current convention center, which is largely below ground.
The Nashville Convention Center currently has 118,675 square feet of prime exhibit space. Construction of MCMC’s facility, known as the Nashville Medical Trade Center, would be contingent on the city moving forward with construction of the proposed $585 million Nashville Music City Center in another area of downtown.
Ownership of the medical center would be split between MCMC, which is a subsidiary of Dallas-based Crow Holdings, and CNL Lifestyle Properties, a real estate investment trust.
The project was announced as Merchandise Mart Properties worked with Cleveland officials on the launch of a proposed medical mart project in Cleveland.
Reach Bill Winsor, president & CEO of MCMC, at (214) 655-6100 or bwinsor@mcmcmail.com
