Greater Christ Temple Church paid $3.55 million for the former Riverside Hospital, a one-time mental health facility.
The Riverside campus comprises four buildings totaling 116,000 square feet spread across 16 acres along the Cumberland River in Bordeaux. The church plans to renovate the buildings and add others.
Riverside dates back to the late 1920s. Several healthcare ventures tried to revive its behavioral health business over the years, but the hospital closed six years ago and has sat empty since.
Brentwood-based Forestar/Fortuna Land Co. bought the property last October for $2 million. Fortuna Partners is the manager of the LLC. That firm’s chief manager is veteran local real estate developer Nelson Crowe.
Crews Johnston and Perry Gooch, brokers with Colliers Turley Martin Tucker, represented the seller. Wendy Charles, a broker with Village Real Estate, represented the buyer.
Cash for the Kettle
Copper Kettle landed a $1.3-million loan through the U.S. Small Business Administration to open a downtown location, the restaurant’s second in Nashville.
The restaurant, which has its first location across from David Lipscomb University, obtained the loan through Mercantile Commercial Capital based in Altamonte Springs, Fla.
Copper Kettle recently bought the building at 94 Peabody St., which was the long-time home of Sole Mio before the Italian restaurant moved to a new building Third Avenue South.
Marketplace appears Monday in The City Paper.Have an item to share? E-mail it to firstname.lastname@example.org