SomeraRoad has big plans for Nashville — and the firm has divulged new details.

The firm, which was founded in New York and since opened a second headquarters in Music City, started with plans for two tower and the revitalization of two historical properties in the Gulch — the antique mall and the Voorhees Building.

Now, it’s first local project, dubbed Paseo South Gulch, is estimated to cost more than $1 billion and has grown in scale to four towers.

Andrew Donchez, head of development at SomeraRoad, sat down with the Business Journal to discuss the company’s Gulch vision, revealing new details and renderings of one of the city’s largest development projects.

SomeraRoad broke ground on its first apartment tower, Prima, in February 2022, and it opened earlier this year. The tower is the first new construction project in the Paseo South Gulch district.

The project’s next tower will rise 30 stories and offer hotel and condominium units. The high-rise will include 180 hotel room, 146 luxury condo residences, a ground floor restaurant and bar, as well as pool level with a “garden bar” and restaurant.

The firm is currently working to finalize construction financing for the building. The second tower is expected to break ground this fall and deliver in early 2027, according to Donchez.

“When interest rates went up, they created a lot of headwinds for commercial real estate, especially for new construction and ground-up development. I think Nashville is still a market that has a lot of tailwinds behind it despite the macroeconomic headwinds,” Donchez said. “If you have a good project, in a good market like Nashville and it’s in a great submarket like the Gulch, you can still find financing out there which we’ve been able to do.”

The final phase of the massive development will include an office building and another apartment tower that will sit on a shared podium. The office tower will add 385,000 square feet of Class A office space to the market, and the residential building will feature over 400 units.

“The scope of the project has grown. The original Genesis was always to do a large-scale, mixed-use project in the Gulch,” Donchez said. “The evolution from adaptive reuse of two historic buildings, build a tower, second tower becoming a hotel with residences on top of it and then the idea of the entire Paseo— it all ties together and was really an organic process that grew out of our team growing.”