Reed art

The Nashville Subaru dealership building as seen in 2012 and with Jim Reed signage lightly visible on the building on the right.

A legal dispute that could have potentially delayed the start of redevelopment of the Midtown site recognized for the Nashville Subaru auto dealership may soon be resolved.

Citing court filings, Nashville Business Journal reports that prospective buyer Hines Investment Management Holdings Limited Partnership has dropped its lawsuit against Reed Automotive and could now have new legal rights to the future purchasing of 1406-1408 Broadway (which is part of the overall 11.1-acre site).

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