Nashville Medical Trade Center announcement expected Monday

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State and local officials are planning a major economic development announcement in downtown Nashville on Monday morning.

The announcement is expected to center on a proposed location for the $300 million Nashville Medical Trade Center, which would be developed by Dallas-based Market Center Management Co.

Tennessee Gov. Phil Bredesen, Nashville Mayor Karl Dean and others are expected to attend the announcement at 10 a.m. Monday at the Nashville Convention Center.

The entire project is 1.5 million square feet of medical convention and trade center space — larger than the city’s planned construction of the 1.2 million-square-foot Music City Center south of Broadway. The trade center would take several years to complete, but developers don’t have a set timeline.

Monday's announcement will feature important new details for the center, including architectural rendering and location design.

Market Center has three trade centers: a 5 million-square-foot center in Dallas, the 3 million-square-foot Shanghaimart and the 1.78 million-square-foot Brussels International Trade Mart.

In the Dallas center, an estimated $8.5 billion in transactions are conducted annually, with more than $382 million in direct local economic impact, according to the company.

The Nashville trade center will offer up to 1,200 permanent showrooms for companies to showcase new products, ranging from information technology to lab equipment to health care furniture. Plans also call for 118,000 square feet of flexible exhibit space for trade shows and 30 meeting rooms for education and product training. It will be a place where medical buyers and sellers connect and where health care conferences and medical associations meet.

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