Denver-based hotel developer Bob Swerdling has scrapped plans for a two-hotel project he had envisioned for SoBro.
Swerdling, managing director of Swerdling & Associates, said the hotel meetings market has suffered due to the pandemic. As such, he is no longer seeking to acquire a three-parcel property with a main address of 133 Korean Veterans Blvd. at the intersection with Hermitage Avenue.
"The particular market that our project would have served — the meetings sector of the hospitality industry — was most harmed by the project," he said. "It put an end to our negotiations to acquire the property.
"I still think Nashville has a positive outlook and hope the city does well," he added.
Relatedly, and according to a Metro document, a lot consolidation request has been made for the 1.2-acre property, which locally based real estate investor Frank May owns. May could not be reached for comment and it is unclear if he has a replacement prospective buyer for his property. However, the document, which references Nashville-based land-planning and engineering firm Ragan-Smith Associates, notes the plat is being consolidated "to facilitate a mixed-use high-rise project with heights at or above 30 stories."
Two buildings sit on the site and will need to be razed for any future development.
Swerdling submitted plans for the project in mid-2019, which the Metro Development and Housing Agency Design Review Committee approved. Metro zoning would allow construction of a building up to 30 stories on the site.
As previously proposed by Swerdling and designed by Nashville-based architecture firm ESa, one hotel would have stood 36 floors and comprised 491 rooms and the other would have risen 14 stories and offered 200 rooms.
Swerdling garnered local headlines in 2013 when he proposed developing a Lower Broadway site with a Hyatt Regency hotel, a project that failed to materialize.