A group of Nashville investors is preparing to renovate a 1910s building on South Main, which was once home to the Ambassador Hotel.
GEM Investments LLC, led by Matthew Pierce, wants to build-out 10 apartments and a restaurant in the dilapidated, three-story building, which is located at 345 S. Main St.
Half or more of the apartments would be rented-out through a short-term rental service such as Airbnb or HomeAway, according to documentation the group submitted to the Center City Development Corp.…
