Mixed-Use Project Eyed at Former Nashville Entertainment Venue – Connect CRE

WPT Capital Advisors hopes to build a mixed-use project where the Starwood Amphitheater once stood. Hobson Pike Land, an affiliate of WPT, filed plans that allude to 300 multifamily units, 150 townhomes, 550,000 square feet of warehouse space and 30,000 square feet of office space. The firm paid $6.5 million for the 65-acre property, located at 3839 Murfreesboro Pike, in 2020. The site had laid dormant since early 2007 when then-owner Live Nation Entertainment Inc. closed the venue.

Previously owned by SFX Entertainment and Clear Channel Worldwide (both predecessors of Live Nation), the facility could accommodate more than 17,100 concert attendees and lured various high-profile acts, including Judas Priest, Dave Matthews Band and Pearl Jam.

Since 2021, WPT has been a portfolio company of Blackstone Inc., a New York-based alternative asset manager with more than $1 trillion in assets under management. The WPT website offers 33 properties located in the United States.