High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Southeast  + Hospitality  | 
1213 Grundy St.

Tidal Inks $181.8M Construction Loan for Nashville Hotel

Tidal Real Estate Partners scored a $181.8 million construction loan for a planned 16-story Nashville hotel. Lionheart Strategic Management provided the loan.

Tidal will be building the hotel on two assembled properties, 1213 Grundy St. and 114 George L. Davis Blvd. in the Gulch, which sit behind the Whole Foods Market on Broadway. The Nashville Business Journal reports that Tidal purchased the land where the hotel will stand for $29.25 million in 2021. The firm is planning a 300-room project with ground-level retail and restaurant space. Earl Swensson Associates is the architect for the development.

The site sits less than a block away from where the firm is planning a 28-story Marriott Edition Hotel.

The Nashville Edition will rise at 1110 Porter St. and offer 84 condos, ranging from one to four bedrooms. The top 15 floors of the tower will be dedicated to the condos. The Edition project is expected to break ground this summer.

Connect

Inside The Story

Tidal

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Financing