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.
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