Viridian Named ‘High-Rise Project of the Year’


Multifamily Executive magazine award follows ‘Project of the Year’ honor from ULI

NASHVILLE, Tenn., Oct. 8 /PRNewswire/ — Viridian, the 31-story luxury tower in Nashville developed by Atlanta-based Novare Group and Nashville’s Giarratana Development LLC, has been named 2007 High-Rise Project of the Year by Multifamily Executive magazine. This national award, given annually to the top residential project of more than 12 stories, was announced at the recent Multifamily Executive Conference in Las Vegas.

NOVARE GROUP HOLDINGS, LLCThis award follows Viridian’s designation in September as Project of the Year by the Urban Land Institute’s Atlanta District Council.

Viridian was recognized for its impact on residential growth in downtown Nashville. Prior to groundbreaking, only 10 condominium units were located in the central business district. Viridian sold out six months prior to completion. After it opened to the public, a flurry of residential developments was launched throughout the city. Viridian continues to play a key role for residents, the downtown workforce and visitors, as it contains the first grocery store in downtown Nashville since 1967.

“We’re pleased that Viridian has been recognized for its contribution to urban life in Nashville,” said Jim Borders, president of Novare Group. “Viridian is inspiring growth and additional development throughout the city. We are honored to be a part of that in Nashville.”

Novare Group’s developments began in Atlanta, where its Metropolis condominium is widely recognized as fueling residential demand in Midtown Atlanta. The company’s developments can be seen from downtown to Buckhead with TWELVE Centennial Park, Viewpoint, Gallery, Realm and a number of other mixed-use high-rise condominiums. In addition to Atlanta and Nashville, Novare Group has developments in Austin, Charlotte and Tampa, with developments planned in Phoenix and Houston.

Novare Group Holdings, LLC

With a focus on creating great urban experiences, Novare Group Holdings, LLC is a leading developer of cutting-edge, mixed-use high-rise communities in U.S. urban markets. Since 1992, Novare Group has completed more than 3,500 condominium homes and currently has more than 3,000 condominium homes under construction. The company has also developed or acquired more than 1.1 million square feet of office space and 180,000 square feet of retail space. In 2006 Novare Group launched TWELVE(R) Hotels & Residences, which pairs boutique hotels with attainably-priced condominium residences. Headquartered in Atlanta, Novare Group has development projects in Atlanta, Austin, Charlotte, Nashville and Tampa. For more information, visit

SOURCE Novare Group Holdings, LLC

© 2007 PR Newswire. All Rights Reserved.


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