This $325 million (US) development was also announced last week and will have a 40 story Condo + Five star hotel and a 30 story apartment. City approvals will be required as it needs a height variance. The developers are Northern Capital Investments out of Michigan and Boston based 'Congress Group'.

From the Nashville Post...

For the project, a residential building (offering both apartments and condos) would offer 420 units, with a hotel, targeted to be five stars (Nashville has the Hermitage Hotel as its only five-star lodging property), to offer 225 rooms, according to the reports. The taller of the two buildings could stand upwards of 40 stories. Retail is expected.

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40-story SoBro project gets planning commission's OK

A $350 million mixed-use project planned for the area south of Broadway took a key step forward Thursday with the proposed 40-story height winning approval from the Metro Planning Commission.

The 7-1 vote came after a discussion about the future of high-rise development and density around the edges of downtown, including near the Cumberland River. A key issue was whether or not a change in policy or a height variance alone was required to allow the developers an additional 10 stories of height.
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