A real estate investor group has a SoBro site under contract, with sources saying the land could eventually be home to a Hard Rock Hotel, Nashville Business Journal reports.
The 1.16 acres under contract include three parcels. Frank May owns land that accommodates a surface parking lot and spans Korean Veterans Boulevard between First Avenue on the east and Second Avenue on the west.
Paul Harmon owns the other two parcels, each of which has a small building on it.
See the May and Harmon sites here courtesy of Google Maps (zoom out to see the general SoBro area).
The investor group includes Rob Lowe, senior managing director at DTZ, according to NBJ.
Read more here.
Live Nation will move its local office from Music Row to offices in Edgehill Village, Nashville Business Journal reports. The concert and live entertainment company has signed a lease for 9,500 square feet of office space in the building anchored by Edgehill Cafe (see here in an image courtesy of Google Maps), according to Rob Lowe, a Nashville-based Cassidy Turley broker and member of the investor group that owns Edgehill Village, according to NBJ. Read more here.
An historic SoBro church building that is for lease and owned by an entity including Nashville-based singer, songwriter and record producer Brett James is receiving strong interest, according to the commercial real estate company marketing the space.
“There are serious ongoing discussions with one particular group,” Rob Lowe, Cassidy Turley Commercial Real Estate Services senior managing director and broker, said of the building, which is located at the southeast corner of the Fourth Avenue South and Korean Veterans Boulevard intersection and was last home to EOA Architects. “However, no agreement has been finalized.”
Lowe (pictured) said his team has been discussing a variety of prospective building tenants and uses with the ownership entity for about nine months. But only within the past three weeks or so did Cassidy Turley decide to place a for-lease sign on the building.
“There is a lot of interest in the property at this time because of its uniqueness and location,” Lowe said. “Everybody believes it will be a great entertainment venue and event space.”
PSCD LLC bought the building, the address for which is 400 Fourth Ave. S., in December 2012 for $2.6 million.
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