:Lake Palmer

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{{Infobox body of water

| name = Lake Palmer

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| location = 1600 West End Avenue
Nashville, Tennessee
United States

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| coordinates = {{coord|36.1545|-86.7935|region:US-TN|display=inline,title}}

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| date-built = {{Start date|2005}}

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| length = {{convert|400|ft|m}}

| width = {{convert|300|ft|m}}

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| pushpin_map = Tennessee#USA

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| pushpin_map_alt = Location of Lake Palmer in Tennessee, USA.

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{{Infobox building

|name = Broadwest

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|status = Proposal

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|building_type = Mixed use

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|roof = {{convert|406|ft|m|abbr=on}}

|top_floor =

|floor_count = Residential/hotel tower, 34 stories;
office tower, 21 stories, {{convert|510,000|sqft|m2|abbr=on}};
retail/office building, {{convert|125,000|sqft|m2|abbr=on}}

|elevator_count =

|cost = $490 million USD

|floor_area = {{convert|900,000|sqft|m2|abbr=on}}.

|architect = Kendall/Heaton Associates Inc.
Duda/Paine Architects
Cooper Carry

|structural_engineer= Stanley D. Lindsey & Associates

|main_contractor = Bovis Lend Lease (2006-2008)

Turner Construction Company (2013–2017){{cite news|title=Palmer selects Turner to serve as WES general contractor|url=http://www.nashvillepost.com/category/tags/west_end_summit|work=Nashville Post|publisher=SouthComm Inc.|date=January 25, 2013|archiveurl=https://web.archive.org/web/20130310080156/http://www.nashvillepost.com/category/tags/west_end_summit|archivedate=March 10, 2013|location=Nashville, TN}}

Batson-Cook Construction (2017–2018){{cite news|title=Real estate notes: Permit issued for demo of old convention facility|url=http://www.nashvillepost.com/business/development/article/20860862/real-estate-notes-permit-issued-for-demo-of-old-convention-facility|accessdate=November 13, 2017|work=Nashville Post|date=May 9, 2017|language=en}}

Turner Construction Company and Hoar Construction (2018–){{cite news |last1=Sichko |first1=Adam |title=Two towers, new name for West End Summit |url=https://www.bizjournals.com/nashville/news/2018/06/27/revealed-two-skyscrapers-on-tap-for-former-west.html |accessdate=July 2, 2018 |work=Nashville Business Journal |publisher=American City Business Journals |date=June 29, 2018}}

|developer = Propst Development, Chartwell Hospitality

|owner = Propst Development

|management =

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}}

}}

Lake Palmer was a man-made lake in Nashville between 16th Ave and 17th Ave, south of Hayes St and north of West End Ave.{{cite web |title=Government-issued Permit naming location as Lake Palmer |url=http://metroepav.nashville.gov/epav/124741.aspx?Parcel=09212052600&DocType=&PerNum=201601990&PerType=&IssDate=&AppCaseNum=&IVRTraNum=&Name=&Notes=&ScanDate=&UserID=&SeqNum=&Origin=&RfsNum=&RfsDate=&Pin= |accessdate=December 22, 2016 }}{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }} This was the proposed location of a long-mooted mixed-use construction project near downtown Nashville that failed to materialize for over ten years.{{cite news|last1=Fox|first1=Matt|title=Best Accidental Lake|url=http://local.nashvillescene.com/publication/best-of-nashville/2016/people-and-places/best-accidental-lake|accessdate=November 13, 2017|work=Nashville Scene|language=en}} Conceived by Nashville-based Alex S. Palmer & Company, the project was originally planned to open in 2007 as the West End Summit, a $300 million project for office space and apartments.

Excavation initially started in 2005, but the project stalled due to the 2007–2008 financial crisis. The developer sought an anchor tenant for the office portion of the project.{{cite news |first=Chas |last=Sisk |title=Firm sues West End project developer over payment |url=http://www.tennessean.com/article/20081106/BUSINESS02/811060322/1003/BUSINESS |work=The Tennessean |date=November 6, 2008 |accessdate=January 8, 2009 }} {{Dead link|date=October 2010|bot=H3llBot}} The resulting lake was a source of water for swimming pools and country clubs during water restrictions following the 2010 Tennessee floods.{{cite web|last1=Lind|first1=J.R.|title=Lake Palmer Sold: Languishing Development Gets New Owner|url=https://patch.com/tennessee/nashville/lake-palmer-sold-languishing-development-gets-new-owner|website=Patch|accessdate=2 May 2018|date=26 March 2018}} The construction proposal was relaunched in September, 2012 with news that Nashville-headquartered Hospital Corporation of America (HCA) had signed leases to occupy two office towers on the site. In addition to the office towers, an InterContinental Hotel was planned as part of the development. After plans stalled, the property was sold to Propst Development in March, 2018.

The site remained a massive, block-long excavation that was commonly called Lake Palmer, as this {{convert|85|ft|m|adj=mid|-deep}} hole was mostly filled with water.{{cite web|url=http://www.granthammond.com/2009/condos/how-nashville-west-end-summit-became-lake-palmer/|title=How Nashville West End Summit Became Lake Palmer|date=October 4, 2009|publisher=Nashville Real Estate|accessdate=June 7, 2010}} As of September 2019, the lake was still visible on Google Maps and labelled as Lake Palmer.{{cite web|title=Lake Palmer, Tennessee 1, Nashville, TN|url=https://www.google.com/maps/place/Lake+Palmer/@36.155004,-86.7963767,17z/data=!3m1!4b1!4m5!3m4!1s0x88646692d4431f43:0x84ccd80dbb56fa2e!8m2!3d36.155004!4d-86.794188&shorturl=1|website=Google Maps|access-date=May 9, 2017}}

West End Summit

On September 27, 2012, Nashville Mayor Karl Dean, Gov. Bill Haslam, and HCA Chairman and CEO Richard Bracken, jointly announced the location of two corporate headquarters divisions of HCA at the site.{{cite web|url=http://nashvillecitypaper.com/content/city-news/weekly-obsession-hello-west-end-summit-goodbye-lake-palmer|title=Hello, West End Summit. Goodbye, Lake Palmer|date=October 2, 2012|publisher=The City Paper|accessdate=December 24, 2016|archive-url=https://web.archive.org/web/20161224164627/http://nashvillecitypaper.com/content/city-news/weekly-obsession-hello-west-end-summit-goodbye-lake-palmer|archive-date=December 24, 2016|url-status=dead}} The proposed development was to include two towers of approximately 20 stories each, with a total floor area of {{convert|900000|sqft|m2|abbr=on}}. The corporate headquarters of Parallon Business Solutions would anchor one tower, and the other would be anchored by Sarah Cannon Research Institute (SCRI). The rainwater was completely drained (mostly into the street) in 2013 for the anticipated construction of the HCA building.

More than a year after HCA signed leases, construction had failed to start due to Alex S. Palmer & Company being unable to obtain equity financing for the $275 million project. In December 2013, HCA withdrew from the project, opting to build its own campus on a nearby site in Nashville's North Gulch district. The excavation filled back up with water.

Intercontinental Hotels withdrew their 12-story hotel proposal in February 2016.{{cite news|last1=Sichko|first1=Alex|title=InterContinental Hotels out of Palmer's West End Summit project|url=https://www.bizjournals.com/nashville/blog/2016/02/intercontinental-hotels-out-of-palmers-west-end.html|accessdate=November 13, 2017|work=Nashville Business Journal|publisher=American City Business Journals|date=February 12, 2016}} The lake was again temporarily drained in March 2016, although no further proposal was revealed.{{cite web|last1=French|first1=Jen|title='Lake Palmer' Drained; Future of West End Summit Unclear|url=http://fox17.com/news/local/lake-palmer-drained-future-of-west-end-summit-unclear|website=WZTV fox17.com|publisher=Sinclair Broadcast Group|accessdate=November 13, 2017|location=Nashville, TN|date=March 31, 2016}}

=Criticism=

The failed West End Summit project, along with developer Alex S. Palmer & Company, faced public and media scrutiny because of its numerous construction delays, financing woes and construction liens.{{cite web|url=http://www.nashvillesmls.com/blog/west-end-summit-no-longer-a-hole-in-the-ground.html|title=West End Summit No Longer A "Hole" In The Ground|date=October 21, 2012|publisher=The Ashton Real Estate Group of RE/MAX Advantage|first=Gary|last=Ashton|accessdate=December 24, 2016|archive-url=https://web.archive.org/web/20161224164456/http://www.nashvillesmls.com/blog/west-end-summit-no-longer-a-hole-in-the-ground.html|archive-date=December 24, 2016|url-status=dead}} Harmon Inc. filed a lawsuit stating it was owed US$120,000 by Alex S. Palmer & Company and Bovis Lend Lease for engineering services related to the project.{{cite web|url=http://www.nashvillepost.com/home/article/20402524/contractor-sues-west-end-summit-backers|title=Contractor sues West End Summit backers|date=November 8, 2008|publisher=Nashville Post|first=Richard|last=Lawson|accessdate=December 24, 2016}}

Broadwest

On March 23, 2018, Huntsville, Alabama-based Propst Development announced they had purchased Lake Palmer for $36.9 million.{{cite web|last1=McCarthy|first1=Sarah|title=Lake Palmer Sold to Alabama Developer|url=https://www.newschannel5.com/news/lake-palmer-sold-to-alabama-developer|website=WTVF|accessdate=2 May 2018|date=27 March 2018}}{{cite news|last1=Godwin|first1=Brent|title=Alabama real estate firm to lead massive Nashville development|url=https://www.bizjournals.com/birmingham/news/2018/03/28/alabama-real-estate-firm-to-lead-massive-nashville.html|accessdate=May 4, 2018|work=Birmingham Business Journal|publisher=American City Business Journals|date=March 28, 2018}} The announcement did not include detailed plans for the site.{{cite news|last1=Williams|first1=William|title=WES site buyer offers few clues as to future development|url=https://www.nashvillepost.com/business/development/article/20998114/wes-site-buyer-offers-few-clues-as-to-future-development|accessdate=2 May 2018|work=Nashville Post|date=March 26, 2018|language=en}} Propst Development principal Chris Brown stated on June 27, 2018, that the mixed-use project would include a hotel and condos in a tower as high as 40 stories, and that another tower would include at least {{convert|500000|sqft|m2|abbr=on}} of office space. Turner Construction Company returned jointly with Hoar Construction as contractors, and Cooper Carry was named as the firm providing architecture for the renamed "Broadwest" project. On August 20, 2018, Brown told the Nashville Business Journal that the residential tower would be 34 stories and the office tower would be 21 stories, with a projected cost of $490 million entirely funded by the Propst family and Chartwell Hospitality, a hotel operator based in Franklin, Tennessee. The hotel in the residential tower would open in 2021 with 245 rooms, and be owner-operated by Chartwell Hospitality.{{cite news |last1=Sichko |first1=Adam |title=$500M towers to fill a whole |url=https://www.bizjournals.com/nashville/news/2018/08/20/exclusive-developer-kickstarts-nearly-500m.html |accessdate=29 August 2018 |work=Nashville Business Journal |publisher=American City Business Journals|date=August 24, 2018 |page=8}} The plan included a park, and 2,500 vehicle parking spaces. Construction was expected to start in the fall of 2018.{{cite web |title='Lake Palmer' Development Set To Begin This Fall |url=https://www.newschannel5.com/news/on-the-rise/lake-palmer-development-set-to-begin-this-fall |website=WTVF |accessdate=29 August 2018 |date=29 August 2018}}

The first of four tower cranes was erected in March 2019. The 21-story office tower is planned to open in February 2021, and the 34-story residential tower is planned to open about six months later.{{cite news |last1=Sichko |first1=Adam |title=His Ace in the Hole: Cash in Hand |url=https://www.bizjournals.com/nashville/news/2019/05/02/deep-hole-deeper-pockets-this-alabama-billionaire.html |accessdate=10 May 2019 |work=Nashville Business Journal |date=May 3, 2019 |pages=4–7}}

See also

References

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