It looks like a new hotel is headed to downtown Nashville. A local group has confirmed that they have closed on three 4th Avenue (206, 208 and 210 4th Avenue North) properties that back up to Printer’s Alley. One of the buildings originally served as the Utopia Hotel in the early 1900s.
The purchase closed late Thursday on the $4.3 million purchase of three buildings for the project. The partnership has a contract on the fourth building and that sale is expected to close soon.
Alex Marks, developer and principal of Royal Investments, is partnering with Gulch developer Bill Barkley and equity partners including Jennifer and Billy Frist on the development.
Developers say the hotel, which will have more than 160 rooms, will preserve the Embers building, which is elgible for the national historic registry as well as the Utopia building which originally housed a hotel about 100 years ago. However, it is unclear what will happen on the Printers Alley side of the project, including the current tenants Brass Stables, Lonnie’s Western Room and Fiddle and Steel Guitar Bar.
In the heart of the alley, Denise Mattox bartends at Fiddle and Steel. She is also part of the “Save Printers Alley” movement. The group now has nearly 15,000 fans on their Facebook page and thousands of signatures for a petition to save the area.
“We are not trying to stop progress. We want the alley to stay as it is,” Mattox told News 2.
She said they are anxious to hear more of the plans and hopes the establishments that have been there for nearly two decades get to stay.
“The big thing that I’m excited [about], that I have heard, is that they do want to keep an entertainment site to it.”
The businesses there were originally told they had 90 days to vacate following the purchase.
Strategic Hospitality Group, known for the Catbird Seat, Pinewood Social and Broadway honky tonk Paradise Park Trailer Resort, will lead the food and beverage side.
- July 26, 2014: ‘Save Printers Alley’ gains more support to preserve area
- July 17, 2014: Save Printers Alley now popular Facebook page
- July 16, 2014: Businesses affected by planned boutique hotel told to move