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Plans to transform hidden courtyard inside historic Cardiff arcade given go-ahead

Plans to transform hidden courtyard inside historic Cardiff arcade given go-ahead
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The Arcade sells for $28M | Nashville Post

As the Post reported Friday, local real estate industry veteran Rob Lowe and various silent investors closed on the purchase at last week’s end. Nashville-based FirstBank has provided a loan of $22,560,000, according to the Register of Deeds document. The seller was an entity affiliated with Arcade Company. Listed on the National Register of Historic Places since 1973, The Arcade opened in 1902 and offers an address of 65 Arcade Alley. Spanning Fourth and Fifth avenues north, it was Nashville s first “shopping center,” as it replaced what was called Overton Alley as the city’s retail commerce epicenter. Stephen Crawford, a broker with Nashville-based Southeast Venture, represented the buyers. The seller did not have a broker.

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