Nashville Project Sponsors Obtain Bridge Loan
The Congress Group and Taurus Investment Holdings have obtained a $25 million bridge loan for Park Place Equinox, a development in Downtown Nashville. Concord Summit Capital financed the loan, refinancing an existing acquisition facility and providing pre-development funding to support final design and entitlement work for the mixed-use project.
Park Place is a master-planned development encompassing three high-rise towers on a 2.1-acre city block. The project will feature:
- A 239-unit luxury condominium tower
- A 245-key five-star hotel
- A 480-unit apartment building
- Over 25,000 square feet of ground-level retail
- 962-space underground parking garage
- And 50,000+ square feet of elevated park and open space
Park Place is poised to become one of the first new developments branded and operated by Equinox Hotels, the fitness and wellness-focused luxury hospitality brand. Plans include an 18,000-square-foot Equinox Club and spa, a rooftop pool and lounge and exclusive resident amenities.
The project is currently in pre-development, with vertical construction anticipated to commence in 2026.
Other News
Jonathan Rose Announces Revamp of Ohio Seniors Housing
Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...
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Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M
Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...
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EYA Advances Two Residential Developments in Fairfax County
EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout