One Hundred Oaks
The redevelopment of One Hundred Oaks is of tremendous significance to the Nashville commercial market. 100 Oaks Mall was constructed in 1967 and was the city’s first enclosed shopping mall. Located on a 57-acre site just to the south of the city and adjacent to I-65, the major north/south interstate through Nashville, and 100 Oaks Mall was an important retail force in the Nashville market for many years. Belz Enterprises of Memphis owned 100 Oaks Mall since it was first opened in 1967. In 1996, the mall was remodeled and added retail tenants to the main floor and outlet stores to the second level. However, the mall never recaptured retail prominence and entered a period of decline.
In late December 2006, M&R Investors LLC, a Dallas-based joint venture investment group, formed by Tony Ruggeri and Frank Mihalopoulos, purchased the property from Belz. M&R Investors, LLC undertook a different approach to the redevelopment and revitalization of this property: mixed-use. In July 2007, One Hundred Oaks announced that it would lease 436,524 square feet of the approximate 880,000 square foot space to Vanderbilt University Medical Center.
Vanderbilt University Medical Center established its first “satellite” location there to house 20 medical clinics as well as accounting, billing and other administrative offices. In addition, 440,000 square feet at One Hundred Oaks are occupied by retail tenants including TJ Maxx, Regal Cinemas, Guitar Center, PetsMart, Michael’s, Ross, HH Gregg, Burlington, Reebok/Rockport, & K&G Men’s Wearhouse. The development added two pad sites which brought in a selection of restaurants to serve patrons of the center and the surrounding area, including Logan’s Roadhouse, Panda Express, Panera Bread, and Cheeseburger Charlie’s. The entire mall has been given a new façade and the interior has been extensively remodeled for Vanderbilt University Medical Center use. Additionally, extensive site improvements and ingress/egress changes improved traffic flow within the center and on the surrounding surface roads.
Vanderbilt University Medical Center brought in more than 1,000 employees and more than 2,000 patients to the location. The mixed-use project now includes successful retail, medical, restaurant, and entertainment tenants. The increased activity at One Hundred Oaks is fostering the revitalization of the surrounding community and its businesses.