The news comes just over a month after Ben Folds posted a lengthy open letter bemoaning how he may have to vacate the famed studio he’d been renting for 12 years, causing an outpouring of outrage on social media over the building’s potential sale and demolition and galvanized a greater movement to #SaveMusicRow.
Of course, if known residential developer Reynolds stays true to his word that he not only intends to preserve Studio A but also that he would pull out of the deal if preservation wasn’t possible in his plans to develop the property (into a condominium complex, ostensibly), the sale should not fate the studio for the wrecking ball.
A member of Folds' management team, Mike Kopp, commented on the sale via email, telling the Scene:
We were notified this morning via email by Mr. Reynolds that his purchase of the building had been finalized, and that we, along with all other tenants of the building, would be notified soon of a possible re-assessment of the terms of our respective leases.
We've had an honest and open dialogue with Mr. Reynolds since we first learned of his intent to buy the property, and we hope that we can continue to discuss the future of the studio in that same vein.
Country singer Jamey Johnson also rents space in 30 Music Square West.
According to the deed (a PDF of which you can peep here), lease agreements with the building's current tenants will continue under pre-existing conditions.
Additional reporting on this post by J.R. Lind.