Rutledge Hill site previously eyed for major project changes ownership

The Rutledge Hill property formerly home to Cumulus Media — and once eyed for a major mixed-use project — has changed ownership hands in a deal valued at $26,925,000.

According to a Davidson County Register of Deeds document, California-based ABP Capital assumed ownership of the property via a deed in lieu of foreclosure. An LLC affiliated with Chicago-based Centrum Realty and Development had owned the property, having paid $34 million for it in August 2021, and eyed a three-tower development.