Lower Broadway home of honky tonk Paradise Park sold; Clay Travis among buyers

An investment group led by real estate investor Bert Mathews has paid $27 million for the Lower Broadway building where honky tonk Paradise Park Trailer Resort is a tenant.

The purchase price that the group, which also includes sports personality Clay Travis, paid for 411 Broadway equates to $640 a square foot. The $27 million overall price paid for the four-story, 42,394 square foot building is 800 percent more than the $3 million seller Tower Investments LLC paid for the property in 2005.

Travis, who does a radio show for iHeart Radio along with running his website,confirmed his involvement via a tweet Tuesday. "I'm part of the group that has bought the Paradise Park building in downtown Nashville. Good things coming," he wrote.

In addition to honky-tonk bar and restaurant Paradise Park Trailer Resort, tenants of the building include event venue Aerial, a private club called The Spot Bar and The Big Bang Dueling Piano Bar.

Both Paradise Park and rooftop private event space Aerial are properties of Nashville-based hospitality company Strategic Hospitality, whose owners are brothers Benjamin and Max Goldberg.

"We did (restaurant/gathering spot) Pinewood Social with them and think that they're really good operators," said Bert Mathews, The Matthews Co.'s CEO.

Mathews declined to comment on whether the Goldbergs are part of the investment group he leads that just purchased the building that sits on 0.25 acres at 411 Broadway.

Reach Getahn Ward at gward@tennessean.com or 615-726-5968 and on Twitter @getahn.