NASHVILLE, Tenn. (WKRN) – The Nashville Symphony is selling its parking lot, which spans three-quarters of an acre, to make room for a new downtown hotel.
The property will be located at the southwest corner of Korean Veterans Boulevard and Fourth Avenue South, and will be called The Joseph Nashville.
Developer Joel Pizzuti told News 2 he hopes to break ground on the hotel in the summer of 2016.
Pizzuti from Columbus, Ohio, and his team met with the Metropolitan Development Housing Agency to get approval for the project Tuesday.
“They gave us some ideas to consider and some challenges that we need to address, some really thoughtful ideas on how to activate the project so we will work on those things and be back to them soon,” said Pizzuti.
Finding parking downtown can be a challenge but Pizzuti told News 2 the hotel may alleviate some of the problem.
“We’ve committed to provide 180 parking spaces inside of our overall development that are dedicated to the symphony long-term. One of our goals is to settle and manage their parking challenge,” he said.
The hotel will include a 380 car garage.
The luxury property will have 300 rooms and it will be one of the five tallest buildings in Music City.
The director of Urban Development told News 2 he believes downtown can sustain another major hotel.
“This is all being market driven. These projects are getting private financing. So these people are jumping through all the hurdles to finance such large structures,” said Joseph Cain, Director of Urban Development.
The Joseph Nashville will display local art, music, have a restaurant, spa, pool and several other amenities.
If things move according to plan, The Joseph Nashville will open in 2018.