Days before it was scheduled to close the sale of its 15-acre campus, LifeWay Christian Resources CEO Thom Rainer announced the company no longer plans to build new headquarters on city-owned land at Rolling Mill Hill.

“We simply have found other potential downtown properties that are a better fit for LifeWay’s future,” he said in a memo to employees.

Uptown Nashville LLC plans to redevelop most of the nearly 15-acre property into a mixture of office, retail, residential, entertainment, and hotel uses.