Starwood purchased by California-based company for $5.5M
NASHVILLE, Tenn. -
A former outdoor concert venue has a new owner.
The property at 3839 Murfreesboro Pike, formerly known as Starwood Amphitheatre, was sold to Orange Murfreesboro LLC of Newport Beach, California, according to The Tennessean.
The now vacant 65-acre lot was reportedly sold for $5.5 million in a foreclosure sale two weeks ago, following years of neglect.
In its heyday of the late 1980s and throughout the 1990s, Starwood Amphitheater featured well-known performers like Aerosmith, Paul Simon, and Duran Duran. It was also host to several music festivals including Lollapalooza, Buzzfest, and Lilith Fair.
Artists would play in a covered pavilion for more than 17,000 fans, many perched on a sprawling grass hill surrounding the stage.
Vastland Starwood Development LLC, referred to as Vastland Realty at the time, bought the land after the amphitheatre shutdown in 2007.
The company destroyed the stage and made plans for a $100 million complex of townhomes and retail shops called Starwood Commons, but an economic downturn put those plans on hold.
In 2011, Metro Council decided to bring music back to Starwood for a limited time, but those plans also failed to materialize.
That same year, TVA designated the acreage as a Primary Data Center Development site. Last month, the agency updated its records, still reflecting the site as such.
On Thursday morning, Brad Maul with TVA Economic Development told Nashville's News 2, "TVA was not involved in the foreclosure sale or purchase of the former Starwood property at all."
No other information has been released on the new owners or future plans for the property.
Thursday, August 28 2014 3:28 PM EDT2014-08-28 19:28:07 GMT
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