Building sold

The City of Murfreesboro sold the old Franklin Synergy Bank/First United Methodist Church on North Church Street for $1.8 million to a company that plans to build a mixed-use development.

The City of Murfreesboro finalized the closing Friday with One East College, LLC on the former First United Methodist Church for $1.8 million

The mixed-use development will incorporate office, residential, retail, restaurant, and hotel elements in a design consistent with the historic character of the site.

“The Development will preserve and incorporate the sanctuary and bell tower of the historic church,” City Manager Craig Tindall said. “The project will include a hotel, an important amenity for the downtown area and Middle Tennessee State University. It will also include a publicly accessible parking garage that will increase the availability of downtown parking.”

The Murfreesboro City Council voted Oct. 18, 2018, to approve a purchase and sale agreement with developer One East College, LLC for redevelopment of the block.

The 2.48-acre City block bounded by Church, Lytle, College and Spring streets, includes a church sanctuary and iconic bell tower and office buildings previously owned by Franklin Synergy Bank. The property sale agreement also includes a 0.62-acre City-owned parking lot at the corner of Lytle and Spring streets to complete the block.

The hotel is expected to include 110 rooms. The residential portion of the development anticipates approximately 55 residential units with nearby access to office and retail space with a restaurant and public parking garage. The four to six-story structure development will include more than one building with up to 200,000 square feet.

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