First Baptist could get $11 million for downtown land for new Marriott

Thursday, February 21, 2013 at 10:41am

The congregation of First Baptist Nashville voted last night to sell a chunk of land near the Music City Center for $11 million.

The land, at the corner of Eighth and Demonbreun, is slated to be sold to Giarrantana Nashville, LLC, and is contingent on funding. The church said the land will be developed into a Marriott hotel and parking garage.

Earlier this year, North Point Hospitality Group, an Atlanta-based hospitality development company, announced the plans for two Marriott hotels in Sobro that would add 350 rooms to downtown Nashville. 

The land to be sold currently houses The Next Door, a “residential and treatment center for women” and The Christian Women's Job Corps. The church also announced that The Next Door will be moving to a new location at 402 22nd Avenue North.

Giarratana, who has developed Nashville high-rises Encore, The Cumberland and Viridian, confirmed the church has granted his company an option to purchase the property and that the site is "one of several being evaluated for a new hotel." Giarratana, who declined further comment on the FBC site, has also targeted a SoBro parcel that sits on the northeast corner of Fourth Avenue South and Molloy Street for a hotel.

First Baptist Nashville will use the funds from the sale to help with their own expansion plans, including the construction of a new three-story building that will front Broadway. The church originally purchased the two parcels from Nashville Union Mission in 1999 for $120,000.

“The vote allows us to be a good neighbor to the Music City Center by providing needed space for a new hotel,” said First Baptist Nashville senior pastor Frank R. Lewis. “It also gives us the opportunity to move forward with our campus redevelopment including a Community Ministry Center that will be available to partner organizations and community groups needing space to meet within the urban core.”

2 Comments on this post:

By: JeffF on 2/21/13 at 12:26

Maybe the folks at the Baptist church and the development company can have a seminar for the MDHA staff on to "negotiate" prices for land.

By: nvestnbna on 2/21/13 at 4:13

You probably need to check your figures. My recollection is FBC bought the mission out for $2+m and it was a bargain to clean up the area and get it(the mission) moved south of Lafayette. Now, that neighborhood is being held hostage.