Two more properties are set to be demolished along Music Sq. W., to make way for Richard Branson‘s Virgin Hotel, according to the Nashville Post.
As previously reported, the address of the new hotel will be One Music Row, and is expected to open in 2016. The hotel will feature multiple concept suites, food and beverage outlets, and a cutting edge recording studio. Specifically, the Wall Street Journal reports it will have 30 suites, a rooftop bar and restaurant, and spa.
The Nashville Post reports that Hummingbird Productions executive Bob Farnsworth sold his Music Row property to NV Music Row, the company that will develop Virgin Hotel in Nashville. This property, located at 7 Music Sq. W., was sold for $1.057 million.
Additionally, Robert T. Porter has sold the lots next to Farnsworth’s, located at 9 and 11 Music Sq. W., for $2.17 million.
The Queen Anne style building located at 1 Music Sq. W., which sat across from ASCAP at the corner of Division and Music Sq. W. (the lower end of 17th Ave. S.), was the first building torn down last week (April 16) in preparation for the new hotel and was sold for $3.18 million.
The three combined parcels have sold for a total of $6.4 million to NV Music Row, led by David Chase to develop the 240-room hotel.