Developers have closed on a deal to buy the huge Alstom property on the Tennessee River for $30 million.
The former Combustion Engineering site on Riverfront Parkway was sold to West End Properties, LLC.
The development company was just formed a couple of weeks ago.
The acquisition includes 91 acres at 999, 1119 and 1201 Riverfront Parkway.
A mixed-use development is expected at the site, which has a long stretch of the popular Riverwalk running by the river.
Combustion was part of the old Tannery Flats manufacturing section that has gradually changed to other uses.
Next door the Cameron Harbor development is bustling with new apartments, condos and townhouses.