Another Ryman Downtown Entertainment Venue Coming Soon!

Ryman Hospitality is bringing another entertainment venue to downtown Nashville.

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Another Ryman Downtown Entertainment Venue Coming Soon!

Posted by Gary Ashton: RE/MAX ADMIN on Friday, March 20th, 2015 at 12:53pm.

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Ryman Hospitality is bringing another entertainment venue to downtown Nashville. The owner of Ryman Auditorium and the Grand Ole Opry wants to convert the building at Third and Broadway into an entertainment venue.

The building is currently featuring Opry Originals retail shop on the ground floor but Colin Reed, CEO of Nashville-based Ryman Hospitality Properties Inc., is focused on making this an entertainment venue. The point of this is to capitalize on tourism and hospitality opportunities in the city. Here is a look at the new downtown entertainment venue coming soon.

What to expect

The entertainment venue that is in the plans for downtown is the work of Ryman Hospitality Properties Inc. The plan is to use the three vacant floors in the building where the 6,000 square foot Opry Originals shop is located and use that for the entertainment venue.

These floors used to house the R.C. Mathews contractor, Colliers International’s Nashville office and the Matthews Co. There are also talks about adding to downtown’s hotel bed inventory but at this stage is not likely.

Why now?

Converting the building at Third and Broadway into an entertainment venue is a good chance for Ryman Hospitality Properties to benefit from the tourism and hospitality opportunities in the city. They are considering revamping the Wildhorse that they own downtown on Second Avenue as well at this time.

This was no surprise as the comments came from Colin Reed, CEO of Ryman, 10 months after the company had acquired the building at 300 Broadway.

The 100-year-old former Broadway National Bank building just two blocks away from Ryman Auditorium has been worked on to become a new event space, café and multimedia history tour. This 25,000 square feet space has seen $14 million in expansion costs to renovate the place as an entertainment venue as well.

The renovation plans for 300 Broadway and the upgrades to the Wildhorse Saloon restaurant, bar, concert site and dance venue are remaining hush hush for now, but CEO Reed is calling the building at Third and Broadway one of the best-located in the downtown area.

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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