Magic Johnson invests in Terrazzo

Thursday, October 11, 2007 at 1:45pm

A real estate investment fund co-owned by Earvin “Magic” Johnson is investing as much as $20 million in The Gulch’s Terrazzo office, retail and residential facility, officials said today.

The investment is Johnson’s first in Nashville — and he says it won’t be his last.

The fund Johnson is affiliated with, the Los Angeles-based Canyon-Johnson Urban fund, will likely invest again locally within the next 12 months.

Several projects, both in and out of The Gulch, are under active consideration, Canyon-Johnson leaders said.

“We’re excited not only about this project, but what we can do together for many, many years to come,” Johnson said. “We look forward to a long partnership with [Nashville].”

The Terrazzo is being developed by the Tennessee division of Crosland. Construction began on the project in March.

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By: blktenn on 12/31/69 at 6:00

You Go Boy !!!!