Latest news with #FallonCo.


Axios
4 days ago
- Business
- Axios
East Bank scrapyard sells for $245 million
The old East Bank scrapyard site sold Thursday to an investment group spearheaded by local businesspeople David Byerley and Sam Lingo. Why it matters: Politicians and business leaders dreamed for years about redeveloping the site, located across the Cumberland River from downtown. With its prime location along the riverfront and south of the new stadium property and John Seigenthaler Pedestrian Bridge, the site made little sense for a scrapyard business as the city developed. The intrigue: The main obstacle to redevelopment was that the business was profitable, making relocation expensive. By the numbers: The property, owned by mogul Carl Icahn, sold for $245 million. The big picture: The East Bank is in the midst of a dramatic revitalization, including a new Titans stadium, the surrounding mixed-use development by the Fallon Co., and the Oracle-led River North project. What's next: The new owners did not unveil a detailed vision for the property.


Business Journals
30-05-2025
- Business
- Business Journals
Elmington Capital Group to lead key piece of East Bank development
A new firm has been revealed to lead a key portion of East Bank development. The Fallon Co. selected Nashville-based Elmington Capital Group to partner on its plans to build on 30 acres of riverfront land surrounding the new Tennessee Titans stadium.