LifeWay’s offer on new 1.5 acre location accepted

NASHVILLE — LifeWay Christian Resources’ offer to purchase 1.5 acres in downtown Nashville for a new office building has been accepted, according to an announcement July 21.

The city’s Metro Development and Housing Agency, which owns the property, unanimously approved sale of the site for $12.7 million, with a tax incentive of $4.9 million that can fund specific aspects of the construction, effectively reducing the purchase cost to less than $8 million.

Meanwhile LifeWay is moving toward finalizing the sale of its current 14.5-acre campus to a consortium of local and national developers later this summer. 

LifeWay’s new building, located one mile across downtown Nashville from the present campus, will encompass 216,000 square feet. The number of stories of the facility is in the design process.

(BP)