Industry veteran Shawn Seaman has joined The Fallon Company to oversee the development of Nashville’s rapidly evolving East Bank.
The Boston-based real estate firm appointed Seaman chief development officer, and he will oversee the company’s national portfolio of mixed-use projects, the Nashville Business Journal reported.
Seaman is exiting Hoffman & Associates, where he worked for more than two decades on large-scale, mixed-use developments. Most notably, he led The Wharf project in Washington, D.C., a $2.5 billion riverfront development that transformed a former industrial site into a bustling urban neighborhood.
At Fallon, Seaman will guide the East Bank project, which will include up to five residential buildings and three hotels on 30 acres surrounding Nissan Stadium, the home field of the Tennessee Titans. The project is part of a 99-year lease agreement with the local government and will include a mix of residential, hotel and retail spaces.
The first phase of the development is expected to start construction next year.
The project’s success hinges on careful planning, including finalizing the infrastructure surrounding the area. The Fallon Company has three employees in Nashville, with plans to expand the team as the project progresses.
Seaman’s appointment reflects Fallon’s long-term investment in the city, where he will be based. He will also help lead the firm’s projects in key markets, including Boston, Charlotte and Raleigh.
Other major developments underway in Nashville include Nashville Yards, a $1 billion-plus entertainment district featuring office, retail and residential spaces. It is expected to come online soon.
The city is addressing a projected housing shortfall by planning for 90,000 homes over the next decade. Luxury developments like Martin Reserve and high-rise apartments on Music Row are contributing to the housing supply.
Furthermore, Nashville’s tech sector is booming, with strategic investments such as Oracle’s $1.2 billion East Bank campus and Amazon’s hub, driving demand for office space and contributing to the city’s economic growth.
— Andrew Terrell
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