NASHVILLE, TN (CelebrityAccess) — Anschutz Entertainment Group has acquired a plot of land in downtown Nashville, with plans to establish a presence in Nashville Yards, a new mixed-use entertainment district in the works for the heart of Music City.
AEG revealed that they had signed an agreement to purchase the 4-acre plot is located at 10th Avenue, Commerce Street and Ninth Avenue in the center of downtown Nashville.
The planned mixed-use entertainment district will be anchored by a 4,000-capacity music venue, a flagship Regal Cinemas luxury theatre complex, an 800-capacity live entertainment club, an approximately 240-room boutique hotel, and a variety of other entertainment and food and beverage offerings, AEG said.
AEG also noted that they have the option to acquire an adjacent 1.5-acre parcel of land that they are eyeing for development into office, residential, hotel and retail space.
AEG’s property purchases are part of the larger Nashville Yards development which is estimated to cost more than $1bn. Development for the Nashville Yards will start with the construction of a 23-story Hyatt Regency hotel building at on the former LifeWay campus downtown.