AEG, the second largest live entertainment company in the United States, and one of the largest on the planet, has announced a 4,000-capacity indoor music venue as part of the $1 billion dollar Nashville Yards commercial and residential project.
Tennessean reports that the downtown Nashville project will take up a four-acre portion of the overall 15-acre former LifeWay Christian Resources campus. The 4 million square foot space will host an 850-seat Regal Cinemas theater complex, a 600-700-capacity live entertainment club, a 23-story, 600-room Hyatt Regency hotel, and a 240-room boutique hotel, and a smattering of restaurants. The area will cover space around Church and Commerce streets and Tenth and Ninth avenues north. The space will also host an eight story building with 250 multifamily units atop two floors of retail, two creative office buildings totaling 500,000 to 600,000 square feet and about 100,000 square feet of food and beverage, soft goods and other retail, fully integrated via a boardwalk tying the site together and with activation of an urban park.
AEG VP Ted Tanner spoke out about the new project:
“We’re really creating a destination for not only live entertainment, but also for good food and beverage options. It would be geared towards local Nashville, not just for tourism.”
AEG’s part will encapsulate 4 acres, with an option to purchase another two parcels totaling 1½ acres. It will not be exclusive to concerts, but will also host a “live entertainment club-type space”
“Part of what we’re really looking at is the opportunity to fully integrate the site into the downtown financial district, into that Church Street corridor that really for so long this 15 acres has not been integrated with.”