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Located between 4th and 5th Avenues South, in the SoBro area of Downtown Nashville, the property fronts on Gateway Boulevard, the new entrance to downtown Music City.
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The 3.105-acre site sold to Omni Hotels at $180 per square foot for the Music City Convention Center Hotel.
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Set just off Broadway, the property is located next door to the Country Music Hall of Fame, across the street from the new Schermerhorn Symphony Hall, within a short stroll to the historic entertainment district of Nashville, home to the world-famous Ryman Auditorium and Tootsies Orchid Lounge.
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Other famous Nashville landmarks within an easy walking distance include:
1) the Honkeytonks and live music venues of Broadway & 2nd Avenue North,
2) the Bridgestone Center, home to the NHL's Nashville Predators,
3) LP Stadium, home of the NFL's Tennessee Titans,
4) the Frist Center for the Visual Arts, and
5) the soon-to-be-constructed downtown Baseball Stadium-the new home for AAA Baseball's Nashville Sounds.
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Nashville is one of the hottest real estate markets in the United States and SoBro is ground zero. Over 3,500 new residential condominiums have come on line, are under construction or in the final planning stages and new sales continue at a blistering rate.
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Nearly one million square feet of new office space is being planned for construction starting early next year.
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Several Fortune 500 companies have recently decided to make Nashville their new home.
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Five new, major hotels, including the new Music City Convention Center headquarters hotel, are under construction or being planned in the immediate area.
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With all of the new downtown residents, larger downtown workforce and world-famous tourist attractions, retail development in the SoBro area is ready to bust wide open.
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For more information, please contact:
David Marks
Tower Investments, LLC
250 W. Main Street, Suite 101 Woodland, CA 95695 (530) 668-1000 - telephone (530) 666-5574 - facsimile [email protected]
www.towerinv.com
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