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Fontanel property sells for $12 million – Nashville Business Journal – The Business Journals

by admin
December 2, 2022
in Uncategorized
0

Portions of the Fontanel estate, put up for auction in October, have sold for $11,995,5000, according to Davidson County deeds.
Named to Historic Nashville Inc.’s 2022 Nashville Nine list, the over 200-acre Whites Creek property has been the site of an amphitheater, hotel and handful of other attractions.
The seller is Chicago-based BlueRoad Ventures, who bought the site for $14.5 million in February 2019. 
Six parcels have been purchased by different entities, after being put up for live auction by Parks Auction Company in Murfreesboro.
BlueRoad Ventures had planned to break ground on renovations for the property in 2020, including cabins, a village, lagoon and more, however the pandemic halted them.
The site had previously been owned by Marc Oswald and Dale Morris since 2001, and ranked as Nashville’s third-largest tourist attraction in 2016, the last year its owners provided admissions data to the Nashville Business Journal.
Oswald and Morris had previously pursued a variety of expansions of the site’s offerings, including a $26 million expansion that would have added 136 hotel rooms, a 300-seat banquet hall, a pool and new retail options.
The new owners’ plans for the property are unknown.
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