March 29, 2020 Comments Off on Propst Development Secures Nearly $280M Construction Loan for Nashville MXU Views: 1068 Atlanta News, Southeast Atlanta, Top Atlanta

Propst Development Secures Nearly $280M Construction Loan for Nashville MXU

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Alabama-based Propst Development received $278.9 million of construction financing for the $540-million Broadwest mixed-use project in Nashville. The loan was provided by Bank OZK.

Midtown’s Broadwest mixed-use development is on a 3.9-acre city block at 1600 West End Ave., and includes a 21-story office tower and 42,000 square feet of retail space. A second 34-story tower containing a high-end Hilton Conrad hotel and 196 luxury condos is being developed in partnership with Franklin-based Chartwell Hospitality.

The 510,000-square-foot office tower is at least 21% leased so far, including such tenants as law firm Baker Donelson, financial planner Robert W. Baird & Co. and ServisFirst Bank. The under-construction project is slated to open next year.

JLL’s Bill Adair and Ashley Albright are handling the office leasing, while Colliers International’s Tony Vaughn and Mike Baggett are tackling the retail and restaurant space. The residential leasing assignment is being handled by Village’s Zach Goodyear, Brian Stoltzfus and Sydney McCann.

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