Dallas-based developer Market Center Management Co. has suspended plans for its Nashville Medical Trade Center project. It announced the news in a statement from CEO Bill Winsor. It read, in part:
“I have been in the trade center business for more than three decades, and I was never more enthusiastic about a trade center concept. The idea was bold, the location was advantageous, the design was compelling, and our team worked diligently to make it a reality. We were always met with enthusiasm by companies and organizations, and we were joined by partners with the foresight to offer durable benefits of a single home for healthcare commerce, education, and innovation.
Unfortunately, long-term vision was met head on by the shorter-term realities of the sluggish U.S. economy, healthcare policy uncertainty, and the immediate pressures on quarterly revenues that created barriers for many global companies.”
According to news reports, the project was designed to bring together exhibition halls and education and training space to downtown Nashville, with The Healthcare Information and Management Systems Society being the first major exhibitor to join the project. Companies offering a variety of healthcare services, including supply-chain management and surgical technology, had also signed leases.