Starwood Sold

After months of "serious discussions" with a buyer for the Starwood Amphitheatre in Antioch, Tenn., Live Nation has sold the 17,500-capacity shed to a Nashville land developer for $4.2 million.

Vastland Realty Group is expected to convert the 65-acre site for residential or commercial use, according to records obtained by the Tennessean. The developer reportedly counts a shopping center, condominiums and mixed-use development among its projects.

Live Nation’s Nashville office apparently won’t be affected by the sale.

Spokesman John Vlautin said in a statement, "Live Nation will continue to promote shows in the Nashville market through third party venues as it has done for many years."

The company was originally expected to keep the Starwood open through the 2007 season, but entered into negotiations with the buyer soon after the venue was put up for sale and closed it in February.

Starwood was just one of the amphitheatres recently put on the block. Other LN properties listed with real estate broker CB Richard Ellis include the Verizon Wireless Amphitheatre in Noblesville, Ind., Germain Amphitheatre in Columbus, Ohio, and Sleep Train Amphitheatre in Marysville, Calif.