Nashville
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Merus, a Cincinnati-based real estate firm, purchased the Rivergate Mall property for $33 million.
Why it matters: The sale paves the way for Merus' ambitious $450 million mixed-use redevelopment.
Zoom in: Merus plans to include housing, retail and hospitality space as part of its mall redevelopment.
Flashback: Mayor Freddie O'Connell's administration committed up to $42 million in tax incentives for the project.
What's next: Construction is expected to begin in late 2026 or early 2027, according to a press release.
