Plans for a new Hyatt Regency hotel on lower Broadway between Second and Third Avenues South appear to be dead, according to a report in theNashville Business Journal.
Designs for the hotel, which had been proposed in July of 2013, called for about 450 rooms, more than 25,000 square feet of meeting space and on-site parking for up to 350 vehicles in the heart of Music City's honky tonk district.
Bob Swerdling, managing director of Swerdling and Associates, which was behind the proposal, estimated the project cost at about $135 million, which would have been partially funded by tax increment financing provided by the Metropolitan Development and Housing Agency.
The Nashville Business Journal reports that Swerdling has not renewed contracts with two downtown property owners, effectively killing the project.
Copyright 2014 WSMV (Meredith Corporation). All rights reserved.
Tuesday, September 2 2014 7:39 PM EDT2014-09-02 23:39:10 GMT
(WMC) – Memphis police are the scene of a shooting where a woman was possibly shot in the head. This happened in the 900 block of East Raines Road, near Elvis Presley Boulevard on Tuesday morning. ThisMore >>
A Memphis mother of two was shot and killed by her estranged husband outside a Whitehaven day care center Tuesday morning. More >>