On-site work at ex-Market Street property to begin in April

Four Seasons Hotels and Resorts announced Monday that it will be a component of the 151 First Avenue South mixed-use tower being planned by Boston-based real estate investment and development firm Congress Group and AECOM Capital.

Terms of the deal were not disclosed in a release.

Demolition of the former Market Street Apartments building on the site and to make way for the 542-foot-tall tower is expected to begin in April and will be led by AECOM Hunt. A full groundbreaking is expected to take place in the second quarter at the address from which the tower's name derives.

Four Seasons Hotel and Private Residences Nashville will include a five-star, full-service luxury hotel with 236 rooms, a high-end spa and various fitness amenities. In addition, the building will offer for-sale luxury residences to be managed by Four Seasons. (An example of the view is seen above.)

The development team has enlisted New York-based Compass to handle the sales and marketing of the residences.

"This will be one of the most iconic high-rise buildings in Tennessee," Dean Stratouly, president of Congress Group, said in the release. "Delivered as LEED Gold and standing 542 feet tall, it will be one of the state's greenest and tallest residential buildings. We'd like to thank the many public and private partners that have aided us in moving forward this generational vision which will redefine the skyline and what is possible in Nashville."

Bart Carnahan, Four Seasons executive vice president of global business development and portfolio management, said that, in addition to its strong music culture, “Nashville is home to one of the most vibrant culinary and arts scenes in the United States. We look forward to welcoming guests and residents to experience this dynamic city with Four Seasons."

Founded in 1960, Four Seasons Hotels and Resorts operates 111 hotels and resorts, and 41 residential properties in major cities and resort destinations in 47 countries. It has more than 50 projects under planning or development,



Read more about the history of the 151 project here.

