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LifeWay signs purchase agreement for Capitol View site Print Email
Written by Taylor Berglund   
Thursday, 04 February 2016 02:09 PM America/New_York

lifeway-rendering-buildingLifeWay Christian Resources has signed a purchase agreement for 2.7 acres in Capitol View, a new mixed-use, urban development in Nashville’s North Gulch district. Northwestern Mutual Real Estate is developing the 32-acre site at Charlotte Avenue and 11th Avenue North with Boyle Investment Co. This concludes LifeWay's search for a new headquarters.

Thom S. Rainer, LifeWay’s president and CEO, made the announcement at a morning news conference today.

“We are very excited about LifeWay’s opportunity to remain in downtown Nashville, only a few blocks from our historic location, and the prospect of building LifeWay’s new 250,000-square-foot headquarters building in Capitol View,” Rainer said. “We are conducting our due diligence, and if all goes well, I am hopeful we will move into the new facility late next year or in early 2018.”

Nashville Mayor Megan Barry joined Rainer to announce LifeWay’s decision to remain in downtown Nashville.

“I know that LifeWay had many options, and we are excited that they have chosen to remain a part of the fabric of Nashville,” Barry said. “The Capitol View project, now with the important addition of LifeWay, will be a great economic boost for this neighborhood, and the proposed investments by Nashville in parks and infrastructure will make for a safer, more walkable community.”

Rainer said Capitol View will “transform this area of downtown Nashville, which, until recently, consisted of a few warehouses and empty lots. Currently the most prominent feature is the 16-story HCA headquarters building, which will be joined by a mix of new retail space, apartments, restaurants, hotels, a greenway and possibly a park surrounding what we hope will be LifeWay’s new building. Capitol View will provide the amenities LifeWay and our 1,100 headquarters employees will need.

“As a major employer with a significant presence in downtown, LifeWay looks forward to helping grow the North Gulch as a vibrant and strategic section of our city,” Rainer added. “And we couldn’t be more pleased with the partnership with Northwestern Mutual. The deal has progressed quickly and smoothly.”