Nashville’s Woodland Street Property Sells for $2.85 Million as New Development Plans Unfold

Nashville’s Woodland Street Property Changes Hands for $2.85 Million

Nashville has welcomed some exciting news this week with the sale of a building that many locals remember fondly. The property at 823 Woodland St., previously the home of the now-closed Crying Wolf bar, has been sold for a staggering $2.85 million. According to documents from the Davidson County Register of Deeds, the new owner is 800 Main Development Partners LLC, which includes Adam Leibowitz and Andy Neuman, the co-founders of Double A Development.

A New Chapter for Woodland Street

Leibowitz shared that there are big plans for the building, which has both upper and lower spaces. The duo aims to renovate the structure and attract multiple tenants. It’s an exciting time not just for them but for the entire East Nashville community as well!

It’s interesting to look back at the property’s history. Just ten years ago, in 2013, it was purchased by its previous owners for $251,400. The transformation in the property’s value shows just how much East Nashville has evolved. The Crying Wolf, which bid farewell in 2022 after a ten-year presence, was loved by many, but before that, it was known as The French Quarter Cafe, highlighting the building’s continuous flow of life and change.

Backed by Local Investment

To make this ambitious purchase happen, Nashville’s FirstBank provided a loan of approximately $2,442,500. This financial backing signals confidence in the project and the potential of the surrounding area. It certainly seems like a win-win for investors and the community alike!

Future Developments on the Horizon

But wait, there’s more! Just a hop, skip, and jump away, Double A Development is eyeing another project at 800 Main St.. In June 2023, the Metro Planning Commission approved a rezoning request for a mixed-use project worth $210 million. This ambitious endeavor would feature 379 apartments, 45,000 square feet of office space, 40,000 square feet of retail space, 316 parking spaces, and an acre of outdoor/green space.

However, the status of this proposed project remains a little murky. Leibowitz mentioned that although the property is now rezoned, it is currently not under contract for sale to the interested Rise Investors. “The purchase of 823 Woodland St. is a strategic move to expand our Main and Woodland street holdings,” Leibowitz explained, signaling a thoughtful approach to the future of Nashville.

The Growth of East Nashville

The developments around the Woodland Street area indicate a larger trend in East Nashville, one where new businesses and living spaces could reshape this vibrant community. As Leibowitz and Neuman embark on their new venture at 823 Woodland St., residents are sure to watch with eager anticipation for what’s to come.

Selling the building was put in the hands of Colliers brokers Ashley Compton and Reagan Henderson, while the new buyers were represented by Sagemont’s Matt Cooper, Cameron Bice, and Lanier Wagster, who will also take on the leasing responsibilities. It’s always inspiring to see professionals working hard to manage such transitions smoothly.

So, folks, even as we say goodbye to beloved establishments like The Crying Wolf, we can look forward to the revitalization of spaces that will continue to make Nashville a lively and engaging place to call home.