United Artist Tower Penthouse Purchased For $2.1 Million
Photo: CoStar
The 9th floor penthouse of Nashville’s United Artist Tower and 12 parking spaces have been acquired by Sai Ram 009 LLC from the Bryant Family Trust for $2.1 million.
Dickson, Tennessee businessman Jay Patel, owner of Sai Ram 009 LLC, previously purchased the building’s remaining eight floors and the parking garage last year for $3.8 million. The group now owns the entire building.
“This opens up a lot of opportunities,” spokesperson David Ewing, spokesperson for the buyer, told MusicRow. “They want to put something unique to help Music Row as it progresses and continues to be a unique place. They want something to complement that.”
“We are excited to finish our purchase of the United Artist Tower, which is the tallest building on Music Row and is in the heart of this booming area of Nashville. We are looking forward to exploring what is the best use of this great building in the future and we continue to get inquiries about this site,” Patel said in a statement.
The United Artist Tower is located at 50 Music Square West, and was built in 1974. The 56,700 square foot building was built by two members of Elvis Presley’s backing band The Jordanaires, and served as an office building, as housed studios and office space for several radio stations. The building was converted into condominiums in 2006.
Ewing says plans for the building should be revealed in the coming months.
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