Spring 2015 issue of Horizons

FEATURE | RubinBrown Enters the Nashville Market

Perspectives on the Growing Nashville Real Estate Market: Q & A with Elmington Capital CEO

RubinBrown and Elmington Capital have worked on several real estate projects together. Recently, RubinBrown discussed the real estate market in Nashville with Cary Rosenblum, CEO of Elmington Capital Group. Elmington Capital Group is a privately owned commercial real estate investment and development firm headquartered in Nashville, Tennessee.

Describe the current overall economic state of Nashville.

Rosenblum: The Nashville economy is experiencing a period of unprecedented growth. Several firms with national and even global prominence are beginning to call Nashville home. Among those are Nissan North America and Bridgestone Tire, which is relocating their North American headquarters to a new 500,000 square foot office building in downtown Nashville. Warby Parker recently opened their only office outside of New York, and the building of Google Fiber was announced, both of which will undoubtedly be a boon for the local economy. The growth of the

entrepreneurial and tech communities in Nashville, combined with being the music capital of the world, has driven significant millennial population growth. The recent addition of the 1.2 million square foot Music City Convention Center, along with 20+ new hotels, has provided a shot in the arm to Nashville’s already strong tourism industry. Additionally, Nashville continues to be stabilized by its position as the state capital, and the exceptional healthcare and higher educational community have the area poised for continued growth in the future.

page 14 | horizons Spring 2015