On May 28, 2026, Mayor Freddie O'Connell stood at the corner of what was recently a parking lot beside a half-built NFL stadium and broke ground on Eastpoint Flats — 323 affordable housing units, an 8,420-square-foot childcare facility, and 12,600 square feet of retail on Parcel G of Nashville's East Bank. It was the first residential building to break ground on the 30-acre Eastpoint site. It was also, four years after the Imagine East Bank vision plan was unanimously approved by the Metro Planning Commission in October 2022, the first moment a shovel went into Metro-owned ground for a building people will actually live in.
That gap — between vision approval and first vertical construction — tells you everything you need to know about how to read the East Bank. Projects here move through several distinct phases: concept, plan approval, land acquisition, permitting, ground broken, under construction. Most of the coverage treats all of those as equivalent. They are not. A buyer or investor making a decision based on East Bank momentum needs to know exactly where each project sits in that sequence as of today.
Here is the chronological record, project by project.
2020–2022: The Vision Gets Official
The East Bank development was born out of a two-year community visioning process called Imagine East Bank, led by the Nashville Planning Department. The process included some of Metro's most robust community engagement efforts and resulted in a vision plan built off the ideas of Nashville's residents. That plan was unanimously approved by the Metro Planning Commission in October 2022.
The East Bank is a 550-acre area adjacent to the Cumberland River, running from River North and the planned Oracle campus all the way to I-24 to the south, and includes 130 acres of Metro-owned land. The size of the project is nearly 10 times the size of Nashville's Gulch neighborhood. The comparison is worth dwelling on. The Gulch took roughly 15 years to go from rail yard to one of the most expensive zip codes in Davidson County. The East Bank is ten times that footprint, with a defined government authority, a master developer agreement, and multiple institutional anchors already committed. The timeline is proportionally longer — and the upside is proportionally larger.
Initially, the vision for the East Bank revolved around Oracle's new campus in River North and remodeling the existing Nissan Stadium. Those announcements became public in early 2021, but the plan since morphed to contemplate the construction of a new, $2.2 billion Titans stadium.
2023–2024: Public Money Committed, Master Developer Selected
Nashville's Metro Council approved the stadium deal in April 2023. The state authorized $500 million in bonds for construction of the new stadium, and Metro Nashville put in $760 million toward the project. That $1.26 billion in public funding commitment was the financial anchor that made the broader development viable. Without the stadium as a guaranteed anchor tenant on the riverfront, the private capital for Eastpoint, TPAC, and Oracle would have had a much harder sales pitch.
In April 2024, Nashville's Metro Council unanimously approved a Master Developer Agreement with The Fallon Company to develop the first 30 acres of Metro-owned land. The contract achieves 99 years of "guaranteed affordability" for nearly 700 housing units on 30 acres of city-owned land the company is developing. That 99-year ground lease is not marketing language — the Development Agreement requires residential affordability to remain in place for the 99-year duration of the leases, ensuring that the East Bank remains an affordable neighborhood for Nashvillians, an unprecedented first for affordability leases in Nashville's history.
In Mayor O'Connell's Fall 2024 Capital Spending Plan, the administration proposed a $33.5 million allocation to NDOT to establish critical infrastructure and connectivity spanning the 550-acre area, including $14.6 million for land acquisition for the East Bank Boulevard right-of-way, $6.6 million for design work related to infrastructure needs, and $12.3 million for construction of the street grid and utility and infrastructure relocation.
The Stadium: Under Construction, Opening 2027
This is the only project on the East Bank that is unambiguously past the point of no return. The Titans hosted a "topping out" ceremony in late 2025 to celebrate the hoisting of the final piece of the ring beam to the top of the stadium, which is expected to be completed in time for the 2027 season. The first major event in the new venue is scheduled for April 2027: WrestleMania 43.
The old Nissan Stadium — deemed obsolete by two separate engineering studies after only 25 years — will be demolished in stages after the 2026 season. That demolition clears the parcel that will eventually connect the new stadium to the broader Eastpoint development. It also removes the last major existing structure between the new building and the river.
For buyers evaluating the East Bank's near-term impact on surrounding neighborhoods, the stadium is the only piece of this that delivers on a fixed date. Game days, concerts, and events like WrestleMania will activate the area in 2027 regardless of what else is finished. That is meaningful. It is also not enough on its own to transform 550 acres of industrial land.
Eastpoint (The Fallon Company): First Ground Broken, More Still Planned
The Fallon Company announced the name for the upcoming neighborhood that will surround the stadium: Eastpoint. Following the finalization of the development agreement requirements, The Fallon Company moved forward with Phase 1, and the May 2026 release of the master plan and renderings for Parcel C marks a significant step forward, establishing the vision and design intent for the buildings, public spaces and retail offerings situated closest to the new Nissan Stadium.
The first building to actually break ground is Eastpoint Flats on Parcel G. Developed in partnership with Elmington Capital, the 100% affordable building will bring 323 affordable housing units, an 8,420-square-foot childcare facility, and 12,600 square feet of neighborhood-serving retail. The Tennessee Housing Development Agency committed more than $120 million to the development, including $52 million in tax-exempt bond authority and housing tax credits that will generate over $70 million in equity. Groundbreaking was held May 28, 2026, with completion targeted for July 31, 2028. The 323 units are income-restricted: 80 units at 30% AMI, 136 units at 60% AMI, and 107 units at 80% AMI.
Parcel C — the larger, mixed-income residential and commercial component closest to the stadium — is a different story. The full plan for Phase 1 calls for more than 300 residential units, a childcare facility, about 50,000 square feet of retail space, and a 600-room hotel near the stadium, all organized around walkable streets and a central public plaza. With the initial master planning for Phase 1 now complete, The Fallon Company is shifting focus to the vertical building designs for the residential and hotel buildings. That means Parcel C has renderings. It does not yet have permits. The distinction matters for anyone trying to time the market around this project.
If you are buying near the East Bank and want an honest breakdown of how the Nashville investment property landscape is shifting around this development, the STR advisory side of our practice has been tracking this corridor closely for several years.
Oracle: Demolition Active, Vertical Construction Timeline Still Open
Oracle filed permits to demolish roughly 515,000 square feet of industrial buildings across its nearly 80-acre East Bank assemblage, with the latest filings dated January 12, 2026. "We have started demolition on the site of Oracle's new Nashville campus," Oracle's Senior Vice President of Real Estate and Facilities Don Watson confirmed in writing. Other site work, including prepping for the installation of water and sewer lines at multiple parcels, has also begun, according to permits filed with Metro.
The scope of Oracle's commitment is significant. The global software giant intends to move its world headquarters to the East Bank. Early concepts have been shared publicly, and Oracle has incrementally invested $379 million for more than 76 acres of land. The campus will eventually house 8,500 jobs, making it one of the single-largest economic development deals in Nashville and state history.
But: Oracle has not announced a construction start date for the East Bank campus, and the demolition permits alone do not lock in the project. There is also an important 2026 development that did not generate the coverage it deserved. Oracle has reduced its anticipated office space footprint. Oracle also signed a lease for 116,000 square feet of office space in the Neuhoff development in Germantown, just across the river from where the corporate campus is planned — a signal that the company is maintaining its Nashville operations even as the campus timeline remains undefined. Oracle is also pursuing a zoning change to its River North properties, which would create new design standards, relocate open space, and reconfigure the street grid.
Plans also include a pedestrian bridge connecting the campus to Nashville's Germantown neighborhood, riverfront walking paths, and a Nobu hotel and restaurant as part of the development. Oracle committed to these publicly. The bridge and greenway work have real momentum. The office towers do not yet have a permitted groundbreaking date.
TPAC: Deal Signed, Construction Starts 2027
Mayor O'Connell struck a deal with TPAC for a new $624 million arts center on a prime East Bank parcel. The architect is Bjarke Ingels of Denmark-based Bjarke Ingels Group. The project is backed by $500 million from the state of Tennessee, contingent on TPAC raising $100 million privately. The state money is committed. The private fundraising is still in progress.
TPAC expects site work and construction to begin on the approximately $620 million project in the first quarter of 2027. Work is slated to be completed by 2030. The future facility will span about 307,000 square feet and feature four performance venues, including a grand Broadway hall, a dance and opera hall, a flexible black box theater, and an intimate cabaret. It will sit at 20 Victory Ave. and connect to the John Seigenthaler Pedestrian Bridge.
The gap between "deal signed" and "groundbreaking" here is worth noting. TPAC came close to walking away from the East Bank site in mid-2025 over infrastructure cost disputes. TPAC stated publicly that due to delays and resulting costs of more than $14 million, they were compelled to consider alternate sites. They did not leave — the deal closed. But the friction that nearly derailed it is a useful data point about how complicated the infrastructure cost-sharing negotiations have been on this project.
Wasioto Bend (Former Scrapyard): Rezoned, Years From Delivering
The new Wasioto Bend neighborhood, initially called East Bend, will replace the current industrial buildings and scrapyard with a residential area, complementing the redevelopment of the East Bank and River North neighborhoods nearby. In April 2026, Metro Council gave final approval to zoning legislation paving the way for redevelopment of the former scrapyard on the East Bank.
A few details worth tracking. One amendment removes stadium and arena as permitted uses in the district, while multiple outlets have reported that the company behind the Las Vegas Sphere is eyeing the neighborhood for a similar venue. The investors behind the scrapyard redevelopment have pitched it as a family-friendly neighborhood, but skeptics have noted that few of the promises are codified in the zoning legislation.
The zoning is real. The developer is identified. What does not exist yet: permits, construction documents, a publicly committed groundbreaking date, or a named general contractor. Wasioto Bend is an early-stage project with completed zoning — not an imminent construction site. Buyers pricing proximity to this parcel into their decision should treat it as a five-to-seven year horizon at minimum.
East Bank Boulevard: Still in Design, No Cross-Section Finalized
Metro Nashville is proposing to construct East Bank Boulevard, a new multimodal street that will provide north-south connectivity through Nashville's redeveloping East Bank. No final decision on the boulevard cross section has been made. The contractor AECOM is currently paused on the East Bank Boulevard design.
This is the most important piece of infrastructure on the entire East Bank — the spine that everything else plugs into — and it does not yet have a finalized design. East Bank Development Authority officials have accelerated the overall redevelopment timeline, currently showing an end date of 2033 in their schedule. The boulevard being in design pause while the surrounding development breaks ground is the tension most commentary on the East Bank glosses over. You can build Eastpoint Flats without the boulevard being finished. You cannot fully activate 550 acres of mixed-use development without a working street grid connecting it to downtown and the surrounding neighborhoods.
Buyers considering neighborhoods adjacent to the East Bank — particularly Germantown, Historic Edgefield, and Shelby Village — should understand that the infrastructure timeline affects walkability scores, traffic patterns, and ultimately pricing in ways that won't be fully resolved this decade.
The Honest Summary: Four Tiers, Not One Story
If you stack all of this chronologically and honestly, the East Bank breaks into four tiers as of August 2026:
- Under active construction, delivery certain: The new Nissan Stadium (opens 2027). Eastpoint Flats / Parcel G (groundbreaking May 28, 2026; completion targeted July 2028).
- Funded, permitted activity confirmed, timeline credible: Oracle's demolition and site prep on 80+ acres. TPAC construction start Q1 2027, opening 2030.
- Approved and funded in planning, not yet permitted for vertical construction: Eastpoint Parcel C (residential, hotel, retail — master plan released May 2026, building permits not yet filed). East Bank Boulevard (design paused). Oracle's office towers and Nobu hotel (demolition active; vertical construction start date unannounced).
- Zoned but years from shovels: Wasioto Bend (formerly East Bend / the scrapyard), rezoned April 2026. Music City Mile pedestrian bridge (design through end of 2026; construction planned early 2027).
Anyone treating all four tiers as equivalent is not reading the project clearly. The stadium and Eastpoint Flats are happening now. TPAC and Oracle's site prep have real momentum and committed funding. Everything else is a well-documented intention with legitimate institutional support behind it — but it is still on the drawing board.
For buyers and investors in the Greater Nashville market trying to evaluate how this affects a specific purchase decision — whether in Germantown, East Nashville, SoBro, or the East Bank itself — the question is not whether the development is real. It is. The question is which phase of value creation you are actually buying into, and whether your investment horizon matches the project's delivery schedule.
Full build-out of all 550 acres extends well into the 2030s. That is not pessimism — it is the scale of the project stated plainly. The Gulch took 15 years. This is ten times larger. The luxury end of this market in particular tends to attract buyers who believe they can buy announcement-phase and sell at completion. That works in some cycles. The smarter move is understanding exactly which phase you are entering and pricing the wait accordingly.
If you want a clear-eyed breakdown of what the East Bank means for a specific acquisition — whether you are buying near the riverfront, underwriting an investment property, or relocating and trying to understand Nashville's trajectory — reach out to the Costigan Group directly. We will tell you where each project actually sits, what that means for your timeline, and whether the numbers make sense before you commit.
Related reading
- Explore Nashville Neighborhoods
- Nashville Sports & Entertainment Real Estate
- The Complete Nashville Short-Term Rental Investment Guide for 2026: Permits, Underwriting, Neighborhoods, and Exit
- Nashville STR Permit Guide: What Buyers Must Verify Before Going Under Contract
Frequently Asked Questions
When will the East Bank Nashville development be finished?
The East Bank Development Authority has accelerated its redevelopment timeline, currently showing an end date of 2033 in its schedule. However, full build-out of all 550 acres extends well into the 2030s. Individual components have their own delivery dates: the new stadium opens in 2027, Eastpoint Flats targets completion in mid-2028, TPAC is expected to open around 2030, and Oracle's office towers and the former scrapyard parcel (Wasioto Bend) are further out with no announced construction start date.
What is Eastpoint Nashville and who is building it?
Eastpoint is the name The Fallon Company announced for the upcoming neighborhood that will surround the new Titans stadium. In April 2024, Nashville's Metro Council unanimously approved a Master Developer Agreement with The Fallon Company to develop the first 30 acres of Metro-owned land. The first building under construction is Eastpoint Flats (Parcel G), a 100% affordable housing project; Parcel C's mixed-income residential, hotel, and retail components are in the master planning stage with building permits not yet filed as of August 2026.
Is Oracle really building its headquarters on the East Bank?
Oracle confirmed in writing that demolition has started on the site of its new Nashville campus. Oracle has invested $379 million for more than 76 acres of land, and the campus is planned to eventually house 8,500 jobs. What is not confirmed: a construction start date for vertical buildings. It is unclear when Oracle will begin vertical construction on its office buildings, though work is slated to be complete by 2031. Oracle has also reduced its anticipated office footprint from earlier projections.
How much public money has been committed to the East Bank Nashville development?
The state authorized $500 million in bonds for construction of the new stadium, and Metro Nashville committed $760 million toward the stadium project. On top of that, Mayor O'Connell's Fall 2024 Capital Spending Plan proposed a $33.5 million allocation to NDOT to establish critical infrastructure across the 550-acre area. The state of Tennessee also granted $500 million toward a new TPAC facility, contingent on TPAC raising matching dollars from the private sector. Total committed public investment across all announced projects exceeds $1.7 billion.
What is the status of the East Bank Boulevard — and why does it matter?
East Bank Boulevard is the proposed north-south spine street that would connect the entire 550-acre development. No final decision on the boulevard's cross section has been made as of late 2025 , and as of Q1 2026, the contractor AECOM is paused on the boulevard's design. It matters because every project on the East Bank — Eastpoint, TPAC, Oracle, Wasioto Bend — relies on it for access, walkability, and transit connectivity. Buildings can and will go up without it, but the transformation of the area into a walkable neighborhood hinges on this infrastructure being finalized and funded.
What happened with the former scrapyard on the East Bank?
The new Wasioto Bend neighborhood will replace the current industrial buildings and scrapyard with a residential area. In April 2026, Metro Council gave final approval to zoning legislation paving the way for the redevelopment. The investors have pitched it as a family-friendly neighborhood, but skeptics have noted that few of the promises are codified in the zoning legislation. No permits for vertical construction have been filed. Wasioto Bend has a zoning approval and a private buyer — that is the current state of the project.
How does the East Bank development affect property values in nearby Nashville neighborhoods?
Some appreciation has already occurred, particularly in Germantown and the closest pockets of East Nashville like Historic Edgefield. Oracle currently employs around 900 people locally against a pledge of 8,500 by end of 2031 — most of that hiring has not happened yet, and when it does, those employees need somewhere to live. The announcement-phase premium is likely already priced in for properties closest to the river. The larger appreciation catalysts — Oracle's hiring ramp, stadium-district economics, and TPAC's opening — are still ahead, spread across a multi-year construction timeline that buyers should model honestly before committing.
About The Costigan Group
Jack Costigan is the founder of The Costigan Group at Compass in Nashville, where his team has closed more than $100 million in real estate across Greater Nashville and Middle Tennessee. Specializing in luxury advisory, investment, and short-term rental real estate, Jack is known for a data-driven approach that helps buyers, sellers, and investors understand the numbers, the neighborhood, and the long-term value before making a decision. Featured in Apple News as one of Nashville's most sought-after short-term rental advisors, Jack pairs deep local expertise with modern marketing and a strategy-first approach to real estate. Learn more at thecostigangroup.com.
