Entrepreneur scraps stalled boutique hotel plan, lists parcel for $2.4M | Development

On the other hand, Cleveland just lately pivoted and is now actively advertising the small parcel, which addresses a mere 5,000 square toes, for sale for $2.4 million. He has enlisted Devin McClendon and Brennan Spurrier (president and agent, respectively, of NAI Nashville Stanton Team) to take care of the advertising and marketing and sale of the house.

Cleveland — who paid out $55,000 for the parcel in 2008, in accordance to Metro records — 1st eyed the hotel job in 2015. Owing to many troubles in obtaining the challenge underway and hoping to create curiosity and momentum for the exertion, Cleveland pivoted to some degree in 2019, holding a layout competitiveness associated to the 14-tale Stanza, which was later renamed The POD. The previous Tuck-Hinton Architecture and Design (now undertaking business enterprise as Anecdote Architectural Experiences) gained the contest (read through in this article).

Two a long time afterwards, in July 2021, Cleveland declared he had produced Tiny Chill Beach on the diminutive ton — crammed given that then with sand and surrounded by an aqua fence — bordered by Lafayette Road, Ash/Division streets and Fourth Avenue South.

Cleveland said potential customers have expressed curiosity in reinventing the internet site with a boutique hotel, a bar or a workforce housing constructing. His hope is the latter selection.

“We have to have extra reasonably priced housing in the downtown core, and I’ve put in a lot more of my time speaking to prospective buyers about that than other works by using,” he said. “It will just take some imaginative thinking from a consumer.”

Until finally then, Minimal Chill Seashore is continue to offered for lease, he said.

“We did a songs online video shoot, for Curtis Braly, before this calendar year,” mentioned Cleveland, who acknowledged quite a few Nashvillians doubted the hotel would be made on the modest-sized parcel. “And Sony Audio will maintain an artist launch celebration on the web site.”

The CEO and co-founder of ride-share transportation companies enterprise Hytch Benefits, Cleveland in 2014 sold the “Hobby Foyer” name and trademark to the national retailer of the same moniker — putting to rest a dispute that garnered headlines. At the time, he served as CEO of Interest Express, after acquiring bought the company, then recognised as Hobby-Foyer International Inc., in 2008 and holding the legal rights to the “Hobby Lobby” identify. Cleveland then sold Pastime Convey, a retail business that marketed radio-managed mini airplanes, helicopters, autos and boats, in 2018.