Tenants of RCA Studio A were told last week they have until Nov. 30 to vacate the space.
Owner of Bravo Development Tim Reynolds, who purchased the property, released a statement regarding the decision Monday.
The statement begins, “From the time I purchased this building at 30 Music Square West, I have been extremely candid about my intentions to fully assess its condition before making any decisions.”
Reynolds goes on to say he “engaged structural, electrical and mechanical engineers” to evaluate the building.
The findings, he says, showed that both the 20,000 square foot building and the 5,000 square foot studio were in “extremely poor condition.”
“I released those reports to the public several weeks ago so they could understand the situation better. It is based on these reports that I must make my decisions about this building moving forward,” Reynolds continued, adding, “I have kept my tenants informed of the process and have been very open with them about what the future might hold.”
The evicted tenants now have to leave by Nov. 30.
Bravo Development, of Brentwood, purchased the RCA building from the estates of Owen Bradley and Chet Atkins for around $4 million at the end of July.
Artists such as Ben Folds, who rents space at Studio A, rallied to save the studio from being sold.
The building’s owner Harold Bradley previously said, however, it was too expensive to renovate and that it’s been for sale for over two decades.
Bravo Development has yet to announce possible plans for the property.
- June 30, 2014: Concern for fate of Music Row grows amidst talks of development
- June 30, 2014: Musicians rally to save historic Studio A
- June 27, 2014: Developer says he will ‘preserve’ RCA Studio A or move on