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Chicago investor Monroe Investment Partners is aiming to add to its already sizable land holdings on the east bank of the Cumberland River, where it plans a massive mixed-use development near the Topgolf entertainment complex underway (pictured: Topgolf's facility in Salt Lake City).
Monroe recently inked a deal to buy another 45 acres on Cowan Street and Cowan Court, including the home of Cherokee Marine Terminal, to add to the 60 acres it already owns.
If the deal goes through, Monroe would own 105 acres along the riverfront. The owners will apply to have the land rezoned from industrial to allow mixed-use, according to the Nashville Business Journal. The plan for the 60 acres calls for as much as 1.9M SF of office space, 2,000 residential units, a music industry facility, and retail and restaurant space; the larger holding might mean the mixed-use plans likewise expand. [NBJ]
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