Top of The List: Development projects in Nashville

What are the largest development projects in Nashville?

We ranked Nashville’s development projects by total estimated cost. To view the top ten and see which one tops the list, check out the slideshow with this story.

For the rest of Nashville’s largest development projects, take a look at this week’s print edition of the Nashville Business Journal. The full list is available in print and includes information about the location, owner/developer, general contractor, description of the project and target completion date.

An interactive digital version of The List is on our website here.

Want more research like this? Check out the Book of Lists in print or in data download. Nashville Business Journal

Axle Logistics Invests $37.9M To Expand Headquarters In Knoxville

Shawn McLeod, Axle Logistics President, said the company is committed to creating jobs and retaining “the country’s best and brightest” in East Tennessee.

Axle Logistics, according to Knoxville Mayor Indya Kincannon, has done an “outstanding” job in breathing new life into an abandoned car dealership that had been vacant for decades. Business Facilities

Nashville is first stop on CNBC’s new ‘Cities of Success’ hourlong national primetime spotlight

Nashville is used to being on primetime television, but not in the way announced on Wednesday.

CNBC will air an hourlong nationwide special about Nashville to kick off its new “Cities of Success” series, intended to “highlight the entrepreneurial spirit that has attracted capital, companies and employees.” The cable business news network selected Nashville and other cities based on the growth of their population and personal income, low unemployment rate, GDP growth over an 11-year span and the rise in home prices since 2022.

CNBC host Carl Quintanilla will anchor the show, featuring interviews with:

  • Former Tennessee Govs. Bill Haslam and Phil Bredesen, both of whom have major business investments in Nashville.
  • Country music icon Garth Brooks
  • Holly Sullivan, who grew up in the area and led the site search for Inc. (Nasdaq: AMZN) that resulted in its 5,000-job downtown office hub. Sullivan, whose title is vice president of worldwide economic development, made that historic jobs announcement five years ago this month. Nashville Business Journal

Tennessee ranked as most popular state to move into; Franklin among top cities

Tennessee ranked as one of the top ten most popular states for people seeking to move in 2023, according to moveBuddha, a website that provides resources to people attempting to move.

They used their data to determine this year’s moving trends, which saw a continuation of people leaving densely populated areas at twice the rate they did before 2020. Memphis Commercial Appeal

Nashville ranks No. 1 city to watch for the third year, according to Urban Land Institute study

For the third year in a row, Nashville has been ranked as the top market for overall real estate prospects according to a new study by the Urban Land Institute.

The Washington, D.C.-based nonprofit, which focuses on real estate and land use, today released its 2023 Emerging Trends in Real Estate Report. The study compiled data from interviews and surveys with over 1,200 participants including property owners, real estate advisory firms, construction firms and home builders, among others. Nashville Business Journal

How UAW agreement with Ford affects BlueOval City, West Tennessee

The United Auto Workers (UAW) and Ford Motor Co. came to a tentative agreement last week, and the details of the new labor deal were released by the union on Sunday night.

The deal brings billions in new plant investments to ensure job security; 25% compounded wage increases; improved profit sharing; and a $5,000 ratification bonus for the 57,000 UAW-Ford members nationwide.

The deal also gives an idea to what wages could look like at West Tennessee’s BlueOval City, and who will fill those jobs. The Tennessee Electric Vehicle Center (TEVC), the side of the plant owned and operated by Ford, is mentioned in the tentative agreement.

Ford’s side of BlueOval City has not started hiring and is, therefore, unable to be recognized in a UAW-Ford labor agreement. However, per the new deal, an agreement has been made so that some workers will have the opportunity to transfer to the TEVC prior to a vote. Memphis Business Journal

Nashville workers have the worst commutes in the nation, according to Forbes

Nashvillians love to complain about the traffic — turns out they have every right to. Nashville workers have the worst commute in the country, according to a new study by Forbes Home.

Music City commuters lost an average of 41 hours to traffic congestion last year. “If you live in Nashville, then you know all too well the perils of commuting every day,” Forbes Home writes in its report. “Nashville is a city that has experienced massive growth in recent years. The city has 452,194 workers with 2.6% of households that do not have access to a car.”

The city’s walk, bike and transit scores are abysmal, at 28.8, 29.7 and 21.7, respectively, out of 100.

The average Nashville resident spends 28.6 minutes commuting to work each day. Nashville Business Journal

UAW announces strike at GM’s Spring Hill, Tenn. assembly plant

United Automobile Workers’ strike has reached Spring Hill.

The union announced Saturday evening that it had ordered its workers to walk out of its Spring Hill General Motors Co. (NYSE: GM) assembly plant south of Nashville.

“As of 5pm Central Standard Time, UAW Local 1853 is on strike,” the group said in a Facebook post.

GM has nearly 4,000 employees at the Middle Tennessee facility, according to The Detroit News. Employees at the Spring Hill plant make the Cadillac XT5 and XT6 SUVs, the all-electric Cadillac Lyriq and the GMC Acadia.

The walkout comes shortly after UAW announced a tentative deal with Stellantis NV (NYSE: STLA), the maker of brands such as Jeep, Dodge and Chrysler, and days after the organization reached a tentative agreement with Ford Motor Co. (NYSE: F). Nashville Business Journal

Tennessee’s largest CPA firm announces expansion into Kentucky

One of the Nashville area’s top-ranked business consulting firms is expanding its services to Kentucky.

Brentwood-based LBMC, a business consulting and financial services firm, will welcome Louisville-based accounting firm Strothman & Co under its family of companies. This move, effective Nov. 1, will increase the number of LBMC employees to more than 850.

It also marks the firm’s fifth office location in the South. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes. The Tennessean

CRDN of the Mid-South seeks EDGE incentive to move from Mississippi to Memphis

A local company looks to expand its Memphis footprint with a new facility on Lamar Avenue.

CRDN of the Mid-South is seeking a 10-year Fast Track PILOT (payment-in-lieu-of-taxes) from the Economic Development Growth Engine (EDGE) for Memphis & Shelby County in order to support a move to 3495 Lamar Ave.

CRDN’s new facility, currently an empty industrial property, is to be purchased for just over $3 million, with CRDN planning to spend $1 million on property improvements. The tax benefit over the 10-year period is estimated at $1.05 million, but the expansion is projected to create a $1.86 million tax benefit. Memphis Business Journal