NASHVILLE, Tenn. – Health care company HCA is relocating the corporate headquarters of two of its business units to the long-vacant West End Summit property in Midtown.
Governor Bill Haslam and Nashville Mayor Karl Dean joined HCA Chairman and CEO Richard Bracken for the announcement at the Historic Metro Courthouse Thursday.
The two companies are expected to employ nearly 2,000 workers within five years. That figure will about double their current work force, with average salaries of $85,000-$90,000.
Governor Haslam said at the announcement the investment will solidify Nashville's reputation as a health care leader and a great place to do business.
The proposed development would consist of two towers of approximately 20 stories each. One would house Parallon Business Solutions and the other for Sarah Cannon Research Institute.
The two new structures, with a total of 900,000 square feet, will be located on the property near the split between Broadway and West End.
The development represents a $200 million investment in Nashville by the developer, Alex S. Palmer and Co. A 15-year lease will begin in in March 2015.
Metro offered an economic development package for the development, which still requires the approval of the Metro Council.
The development will be one of the largest commercial office developments in city history. Officials said it is believed to be the largest number of new permanent jobs created by one economic development project in Davidson County since the relocation of Dell to Nashville in to 1990s.
HCA is one of the nation's leading providers of healthcare services, with 162 hospitals and 112 surgery centers in 20 states and England.
(The Associated Press Contributed To This Report.)