Downtown Nashville Development Bets on Green Space in the yards to attract more to Nashville.
The Nashville Yards is an ambitious plan comprising of a massive complex of mixed use locations like hotels, restaurants, shopping, living, office and entertainment destinations. A 1.3 acre teardrop shaped park will be the center peice and the first thing people will encounter as they enter from the west side of downtown.
The I-40 exit will deliver visitors right to the front door of the new 4 million square foo tdevelopment and will rely on a large variety of tenants to occupy the new development.
“This is a gateway project,” said Joe Bucher, the project’s architect with Gresham, Smith and Partners, adding that there is very little green space downtown. “We have the responsibility to improve everything around us, in addition to the project itself.”
Anschutz Entertainment Group, or AEG, the nation’s second-largest presenter of live music, recently finalized a $44 million deal to occupy a 3.9-acre property in the center of the project.
AEG will construct a 4,500 person capacity music venue, movie theater, boutique hotel and a bowling facility, among other yet to be announced entertainment offerings. Expected to open by 2021.
The site’s history has had a brick yard, lumber yard, rail yard and marble yard. This new project will retialize the area and tie the 16 acre development together with walk ways, bike paths and large landscaped areas.
“We talked about Regal Cinemas initially but that was perhaps a bit premature,” Michael Roth, AEG’s vice president of communications, said about the theater. “We are speaking with them, in addition to other theater operators, and will be making an announcement when we finalize a deal.”
AEG will model its site on similar previous mixed-use entertainment projects, including L.A. LIVE, The O2 in London and Mercedes-Benz Platz in Berlin.
“We think Nashville, like Los Angeles and London, is an incredible location to develop an entertainment district anchored by a live performance venue,” Roth said. “The magic is creating an entire destination with the overall plans for the district. This is definitely going to be one of the places to be experienced from the day it opens.”