Axios Nashville is an Axios company.

A rendering of the proposed concert hall for Chestnut Street. Image courtesy of Nashville.gov

AJ Capital Partners, the development firm that acquired the rock club Exit/In last year, is seeking to expand its live music footprint in Nashville with a 4,500-person venue in the Wedgewood-Houston neighborhood.

Driving the news: A rezoning proposal for a property on Chestnut Street is scheduled for a public hearing during tomorrow night's Metro Council meeting.

Why it matters: The ambitious proposal comes just a few weeks after AJ Capital Partners assumed control of Exit/In following the departure of the rock club's long-time operators.

Details: Although the Chestnut Street proposal would have a capacity of 4,500 people, the expectation is that it would mostly book concerts for crowds between 2,000 and 3,000 fans.

Catch up quick: Over the last decade, Live Nation has dramatically expanded its footprint, entering into operating agreements at small clubs like the Basement East, larger venues like Ascend Amphitheater, and massive festivals like Bonnaroo.

Be smart: J Capital is best known for owning the chain of Graduate Hotels, but the company has a variety of real estate projects around the country.

Yes, but: There has been some opposition due to concerns about traffic and parking.

What we're watching: The venue could be a welcomed addition to a growing Wedgewood-Houston area.

Get more local stories in your inbox with Axios Nashville.

Support local journalism by becoming a member.

No stories could be found

Get a free daily digest of the most important news in your backyard with Axios Nashville.

Support local journalism by becoming a member.