A Nashville development group has plans to acquire 7.5 acres across from the new Music City Center in the downtown area. The proposed plans are to convert the property into a multipurpose campus with space for a performance hall, a production and recording studio and two accelerators targeting entrepreneurs and developmental stage technologies.
The site comes with an estimated $40 million price tag, and the development, currently known as the Parthenon Project, has hopes to become the spot for local performers, writers, coders, digital gamers, music and entertainment producers, videographers and artists. With Nashville known so much for its creative work in the entertainment and technology industries, hopes are that through the creation of this project, those independent creatives will have space to function at a high level.
The 7.5 acres pegged for the development include current headquarters of the United Methodist Publishing House, the Cokesbury bookstore and three parking lots. It is bounded by Eight Avenue South, 10th Avenue South, Demonbreun Street, Lea Street and Clark Street.
With the Music City Center slated to open in May, demand has increased in the downtown area for land and properties.
We will keep you updated on the Parthenon Project in downtown Nashville as more information becomes available.