Larry Ellison, the company’s CEO, said the move of its headquarters was made to be closer to healthcare facilities. Oracle is heavily invested in a Nashville healthcare company, Cerner Corp., buying it for $28 billion in December 2021. It’s unclear how much of a presence the company will still have in Austin, the home of its current headquarters.
Ellison said the $1.3 billion Nashville site will have office buildings, a community clinic, restaurants, hotels, a concert venue, and a floating stage on the lake for community concerts.
The campus will be built on a 70-acre parcel along Nashville’s downtown riverfront that Oracle purchased in 2021 for $250 million. In 2021, Metro Council members voted to approve the plan for a 65-acre campus in East Nashville. The software giant’s move to Nashville is expected to create 8,500 jobs over the next decade. Company officials have said the offices will be open and operating by 2031.
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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