A new office tower on Nashville’s west side is quietly filling up, one small tenant at a time, while keeping its best space on ice for a future heavyweight. 5 City Blvd, a Convexity Properties project off Charlotte Avenue inside the ONEC1TY master plan, has signed five office leases even though most of the building is still sitting open. That mix of modest early move-ins paired with untouched prime floors is very much by design.
According to the Nashville Business Journal, those five leases put the tower just above 10% occupancy and are largely smaller, early-stage commitments. The report notes that the leasing team has deliberately kept larger upper floors available to chase what it calls "big tenant demand" later.
Convexity developed the 15-story tower as part of the broader ONEC1TY district, with ground-floor retail and a chunky amenity package featured in marketing materials. Colliers lists 5 City among Nashville’s recent Class A deliveries along the Charlotte Avenue corridor. The building’s architect highlights sculpted terraces and outdoor amenity decks in the design, according to Goettsch Partners.
Brokers Keep Prime Floors Open For A Whale
Industry listings show CBRE brokers Frank Thomasson and Byran Fort leading leasing efforts at 5 City, marketing everything from compact suites to sizable blocks of space. Coverage in REJournals and other trade outlets points to a two-track strategy: satisfy near-term demand with smaller users while reserving multi-floor footprints for a larger player. That approach - slowly building occupancy while protecting big, contiguous space - is meant to position the tower for a single marquee tenant when the timing lines up, the Business Journal reported.
How 5 City Plays In Nashville’s Office Shakeout
Nashville’s office sector has been clawing back from pandemic jitters, with fresh leasing activity showing up in the numbers even as vacancy stays stubborn in some pockets. Colliers reports strong annual absorption paired with rising Class A rents, a combo that helps explain why developers are betting on "flight-to-quality" demand in new towers. In that context, Convexity’s choice to tolerate a slow ramp-up while guarding contiguous blocks looks like a wager that one big tenant will pay a premium for the right stack of floors.
For now, 5 City is living in two time frames at once: smaller firms give the project visible activity and a pulse, while the most coveted floors stay in play for a larger corporate name. Whether that whale shows up will hinge on which companies decide they need several pristine floors in Nashville’s increasingly picky Class A market.
