Nashville Yards Project Secures $212M Construction Loan

Southwest Value Partners and Anschutz Entertainment Group (AEG) rounded up a $211.97 million construction loan tied to the development’s music venue and an office and retail building. The construction loan is from Bank OZK.

The Nashville Business Journal reports AEG is planning a 2.46 million-square-foot mixed-use entertainment district in the Nashville Yards development. Latest plans for the entertainment district include:

• a 12-story, 456,000-square-foot building with a movie theater, creative office space, second-level big-box store and ground-floor retail;
• a 4,000-person, 125,800-square-foot event venue;
• two residential towers of 34 and 35 stories, which will collectively house 696 units, as well as meeting rooms, food and drink outlets, retail, a gym and a pool;
• a pedestrian “paseo” between the four main buildings, lined with outdoor seating, dining and landscaping.

The construction loan is tied to two buildings: a 4,500-capacity live music and event venue with ground-level retail and a 12-story building with 420,000 square feet of office and retail.

Construction has already begun on the two buildings.