The property developers behind Nashville’s medical mart have released a virtual video tour of the proposed project.
The video highlights the Nashville Medical Trade Center‘s showrooms, exhibition hall, health information technology innovation center and training and education facilities. It was originally unveiled at last week’s annual Healthcare Information and Management Systems Society (HIMSS) conference in Orlando.
Nashville has so far announced just four tenants for its proposed $250 million mart, which is designed to feature 1 million square feet of showroom space.
In contrast, Cleveland — Nashville’s counterpart in the medical mart competition — last month publicly identified 58 tenants for its project, which is to include 100,000 square feet of showroom space. Those tenant deals give Cleveland a significant leg up on Nashville, which must pre-lease about 60 percent of its space to secure the private financing necessary to begin construction. Cleveland, on the other hand, is publicly financing its $465 million medical mart and began construction in January.
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Wow, but, I wonder how much their rooms cost per night.
Comment by healthy living — March 4, 2011 @ 10:33 pm
Signing leases as opposed to “Letters of Intent” are very different. I will be more interested to hear when Cleveland signs leases.
http://clevelandmagazinepolitics.blogspot.com/2011/01/med-mart-lands-less-than-5-of-top.html
Comment by John F — March 7, 2011 @ 10:34 am
Let’s see. The Cleveland’s Medmart has a planned 100,000 square feet of exhibit space; Nashville has a planned 1,000,000 square feet. If the Nashville Medical Trade Center actually gets built and occupied, it would be a much bigger attraction to exhibitors and conventions than the dinky Cleveland Medmart. And even if the Nashville center isn’t built, I don’t think the Cleveland mart is going to be much of an attraction. (If you think otherwise, just show me the business analysis/plan that provides evidence to the contrary.)
Comment by Jerry — March 7, 2011 @ 1:48 pm
You folks in Nashville should get your facts straight. The Cleveland Medical Mart and Convention Center will consist of 1million square feet. The Medical Mart will consist of 235,00 square feet of permanent show rooms and the Trade Show faciility will consist of 230,00 square feet of exhibit space and the Conference Center will consist 60,000 square feet. By the way, when are you breaking ground for your medical mart?
Comment by Dennis — April 9, 2011 @ 12:57 am
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