Concord Summit Capital is pleased to announce the closing of a $25 million bridge loan for Park Place Equinox, a landmark luxury development located in the heart of Downtown Nashville. The loan refinances an existing acquisition facility and provides pre-development funding to support final design and entitlement work for the transformative mixed-use project.
Led by The Congress Group and Taurus Investment Holdings, Park Place is a visionary master-planned development encompassing three iconic 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 designed to promote wellness, performance, and lifestyle integration.
“Taurus Investment Holdings and The Congress Group’s proven track record, coupled with Equinox’s global brand, set the foundation for what will be an iconic development in one of the most dynamic growth cities in the United States,” said Kevin O’Grady, Chairman of Concord Summit Capital. “We look forward to finalizing the construction loan soon.” O’Grady led the transaction alongside David Larson and Keegan Burger out of Concord Summit’s Miami office.
Park Place follows the developer’s recent success with the Four Seasons Hotel and Residences in Nashville and reflects Congress Group’s deep experience in large-scale, mixed-use urban developments.
Concord Summit Capital is a leading intermediary between sponsors and providers of capital for commercial real estate debt and equity financing. CSC provides three independent services across its investment platform. The Concord Summit Capital Advisory Team provides fee-based advisory services for debt and equity transactions for commercial real estate capitalizations, ranging from $3 million to $1 billion. The Advisory Team has arranged over $23 billion of debt, structured financing, and equity. The Concord Summit Capital Investment Team acquires distressed assets and non-performing loans from all banks and financial institutions across the nation. The Concord Summit Capital Fund Team invests in commercial real estate debt and equity structures in transactions ranging from $2 million to $35 million.
