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Thu September 26, 2013
Music Venue, Hotel in the Works for Louisville's South Fourth Street
A long-vacant building on South Fourth Street in Louisville will be transformed into a 900-seat music hall.
It’s part of larger development underway in the downtown district known as Clay Commons.
Officials announced today that the Wright Taylor building in the 600 block of South Fourth has been purchased by the Live Nation entertainment company, which already owns the nearby Louisville Palace.
More details about the venue will be announced next month, but Live Nation Executive Vice President Michael Grozier is already predicting a successful first year of operation.
"We’re expecting to bring over 100,000 people just into this building alone. And we hope over a three-year period of time that we get to almost a quarter of a million people coming down and enjoying entertainment, both in the new building and as well as the Louisville Palace," Grozier said at a press conference.
The structure is part of the Clay Commons district adjacent to the Henry Clay building owned by City Properties Group. The district will also include a new Hilton Garden Inn, now under construction at the corner of Fourth and Chestnut streets.
It will be operated by Chicago-based First Hospitality Group. CEO Stephen Schwartz says the eight-story, 162 room hotel will feature an open air rooftop restaurant and bar.
"You’ll see some really, really unique elements. It’s a very special thing. It will have an overlook of the Fourth Street corridor a great vista of the downtown area," Schwartz said.
The new development is led Bill Weyland of City Properties Group, which renovated the Henry Clay.