Demolition looms of the three-building Louise Douglas Apartments on Elliston Place within the Rock Block, as the development company prepping to reinvent the site with a Holiday Inn Express has landed a construction loan.
Elliston Hospitality LLC, which is affiliated with Nashville-based SiLa Developments, has secured the $43.1 million loan from Dallas-based Hall Structured Finance. Mag Mile Capital Senior Vice President Francisco Nacorda sourced the financing for the project, according to a release from HSF and SiLa Developments.
Holiday Inn Express
Courtesy of SiLa, SEV
×
Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
kAmp |2C49 a_ac 4@>A=6E:@? :D D=2E65[ H:E9 E96 C6=62D6 ?@E:?8 }2D9G:==6\32D65 %C:F>A9 w@DA:E2=:EJ H:== >2?286 E96 9@E6=]k^Am
kAm%96 w@=:52J x?? tIAC6DD H:== D:E @? 2 D:E6 H:E9 255C6DD6D @7 k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^aaa`Zt==:DE@?Z!=[Z}2D9G:==6[Z%}Zbfa_b^obe]`d_hfc[\ge]g_ebhab[`fK^52E2lPc>dPb>cP`D_Iggecee36ebdh2f7bi_Iehf3gh_3hd``6a`cPg>aPb5be]`d_hfcPc5\ge]g_ca_beQ E2C86ElQ03=2?<QmkDEC@?8maaa` t==:DE@? !=246k^DEC@?8mk^2m 2?5 ``c 2?5 ``g {@F:D6 pG6] }@ C6?E6CD C6>2:? :? E96 E9C66 @=5\D49@@= >2D@?CJ 2A2CE>6?E 9@FD6D 4@>AC:D:?8 {@F:D6 s@F8=2D]k^Am
kAm“$:{2 s6G6=@A>6?ED :D 6I4:E65 E@ A@D:E:@? E9:D 2DD6E @? E96 9:DE@C:4 #@4< q=@4< @7 }2D9G:==6[” y2?2< “y2J” !2E6=[ $:{2 s6G6=@A>6?ED AC:?4:A2=[ D2:5 :? E96 C6=62D6] “(6 2C6 6286C E@ 56=:G6C 2? 6I46AE:@?2= 2DD6E E92E H:== 4C62E6 >62?:?87F= @AA@CEF?:E:6D 2?5 A@D:E:G6=J :>A24E @FC E62> 2?5 4@>>F?:EJ] r@==23@C2E:?8 H:E9 w2== $ECF4EFC65 u:?2?46 92D >256 E96 AC@46DD 62DJ] (6 2C6 >@E:G2E65 E@ 368:? 4@?DECF4E:@? 2?5 56=:G6C E9:D 6I46AE:@?2= 2DD6E E@ E96 |:5E@H?^'2?56C3:=E >2C<6E]”k^Am
kAm%9:D :D E96 7:7E9 =@2? E92E w2== $ECF4EFC65 u:?2?46 92D 4=@D65 H:E9:? E96 =2DE >@?E9] %96 4@>A2?J 6IA64ED E@ 4=@D6 >@C6 E92? S` 3:==:@? :? ?6H 4@?DECF4E:@? 2?5 3C:586 =@2?D :? a_aa[ =2C86=J E2C86E:?8 E96 >F=E:72>:=J 2?5 9@E6= D64E@CD[ 244@C5:?8 E@ E96 C6=62D6]k^Am
kAm!C6G:@FD=J[ 2?5 2D E96 k6>m!@DEk^6>m C6A@CE65 :? yF?6 a_a`[ 2 7:CDE\BF2CE6C a_aa 4@?DECF4E:@? DE2CE 2?5 2 =2E6\a_ab 4@>A=6E:@? H6C6 E2C86E65] !C:@C E@ E92E[ E96 AC@;64E 925 366? D=2E65 E@ DE2CE :? E96 72== @7 a_a_] w@H6G6C[ E96 4@C@?2G:CFD A2?56>:4 :>A24E65 E92E DE2CE[ @77:4:2=D H:E9 E96 AC@;64E D2:5]k^Am
kAmt==:DE@? w@DA:E2=:EJ {{r 24BF:C65 E96 AC@A6CEJ 7@C Se]d >:==:@? :? yF=J a_`h[ 244@C5:?8 E@ |6EC@ C64@C5D]k^Am
kAm%96 2??@F?46>6?E @7 E96 AC@;64E 86?6C2E65 D@>6 AFD9324< 7C@> 4:E:K6?D H9@ @AA@D65 E96 AC@;64E[ :?4=F5:?8 8C2DDC@@ED @C82?:K2E:@? $2G6 E96 #@4< q=@4<[ 2?5 H9@ H2?E65 E@ D66 {@F:D6 s@F8=2D pA2CE>6?ED D2G65 2?5 FA52E65]k^Am
kAms6D:8?65 3J }2D9G:==6\32D65 $@FE962DE '6?EFC6[ E96 w@=:52J x?? tIAC6DD 9@E6= 3F:=5:?8 H:== @776C `eg C@@>D @? 6:89E 7=@@CD] {@42E65 24C@DD (6DE t?5 pG6?F6 7C@> '2?56C3:=E &?:G6CD:EJ :? E96 86?6C2= |:5E@H? 2C62[ E96 AC@A6CEJ H2D K@?65 E@ 2==@H 7@C 9@E6= FD6]k^Am
kAm!2E6= D2:5 :? yF?6 E96 E62> :D ?@E C625J E@ 5:D4=@D6 E96 6DE:>2E65 4@DE E@ F?56CE2<6 E96 AC@;64E]k^Am
kAmw@=:52J x?? tIAC6DD t==:DE@? !=246 H:== 36 277:=:2E65 H:E9 xwv w@E6= 8C@FA[ @H?6C @7[ 2>@?8 @E96C 3C2?5D[ x?E6Cr@?E:?6?E2=[ #686?E w@E6=D[ z:>AE@? w@E6=D 2?5 #6D@CED[ rC@H?6 !=2K2[ w@E6= x?5:8@ 2?5 r2?5=6H@@5 $F:E6D]k^Am
kAms2G:5D@? r@F?EJ :D 9@>6 E@ D6G6? w@=:52J x?? tIAC6DD 9@E6=D] %96 @?6 =@42E65 ?62C6DE E@ E96 t==:DE@? !=246 D:E6 :D @? qC@25H2J 5@H?E@H? 24C@DD 7C@> E96 uC:DE pCE |FD6F>]k^Am
kAm#6=2E65=J[ !2E6= 2?5 9:D E62> 4@?E:?F6 H@C< @? 2 9@E6= AC@;64E 2E E96 |FD:4 #@H D:E6 @?46 9@>6 E@ E96 :4@?:4 &?:E65 pCE:DED %@H6C] %92E AC@;64E WC625 >@C6 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^9@E6=\D6E\7@C\C@H\D:E6\=@?8\6J65\7@C\C656G6=@A>6?E^2CE:4=60afd4e_c5\577c\d75d\gbc6\e25egc6g`4f_]9E>=Q E2C86ElQ03=2?<QmkDEC@?8m96C6k^DEC@?8mk^2mX :D F?7@=5:?8 2E d_ |FD:4 $BF2C6 (][ H:E9 E96 D6G6?\DE@CJ 9@E6= W2 3C2?5 7@C H9:49 92D J6E E@ 36 2??@F?465X E@ @776C `ba C@@>D]k^Am
kAmkDEC@?8mq+p ~zD G2C:2?46D 7@C AC@;64E A=2??65 7@C s:4<6CD@? !:<6k^DEC@?8mk^Am
kAm%96 |6EC@ q@2C5 @7 +@?:?8 pAA62=D 92D 2AAC@G65 D@>6 G2C:2?46D C6=2E65 E@ D6E324<D 7@C 2 AC@;64E E@ F?7@=5 :? t2DE }2D9G:==6]k^Am
kAm$E2>7@C5[ r@??64E:4FE\32D65 4@>>6C4:2= C62= 6DE2E6 4@>A2?J u@CDE@?6 r2A:E2= @H?D E96 AC@A6CEJ[ H9:49 @776C 255C6DD6D @7 k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^`a`gZs:4<6CD@?Z!:<6[Z}2D9G:==6[Z%}Zbfa_f^obe]`hcfab[\ge]fffhfde[`eK^52E2lPc>dPb>cP`D_Iggecef2bca_`5h5hi_Iaghh6a__``6ea54_Pg>aPb5be]`hbdhfcPc5\ge]ffb_`ghQ E2C86ElQ03=2?<QmkDEC@?8m`a`g\`aac\`abe s:4<6CD@? !:<6k^DEC@?8mk^2m 2?5 d {:8@? pG6] 2?5 4@G6C 2 4@==64E:G6 b]b 24C6D[ 92G:?8 A2:5 S`_ >:==:@? 7@C :E 62C=:6C E9:D J62C] %96 4@>A2?J 2=D@ A2:5 S`_ >:==:@? 7@C E96 $@FE9 }2D9G:==6 3F:=5:?8 @?46 @H?65 3J =@42= 7FC?:EFC6 C6E2:=6C #2J q2EED]k^Am
kAmqC6EE (:=56C>2? 2?5 qC2?5@? w2== 7@F?565 u@CDE@?6 :? a__f 2?5 92G6 D:?46 24BF:C65 4@>>6C4:2= 3F:=5:?8D 2?5 =2?5 H:E9 2 4@==64E:G6 >@C6 E92? `]` >:==:@? DBF2C6 766E[ AC:>2C:=J :? r@??64E:4FE 2?5 E96 $@FE9]k^Am
kAm%96 q+p 5@4F>6?E ?@E6D E96 7FEFC6 u@CDE@?6 AC@;64E @? s:4<6CD@? !:<6 H:== @776C 7@FC 3F:=5:?8D C2?8:?8 :? D:K6 7C@> D:I E@ `a DE@C:6D] (:=56C>2? 2?5 w2== 4@F=5 ?@E 36 C624965 7@C 4@>>6?E[ 2?5 E96 k6>m!@DEk^6>m H2D F?23=6 E@ 56E6C>:?6 7FCE96C 56E2:=D @C D64FC6 2? :>286]k^Am
kAm#625 >@C6 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^4@??64E:4FE\C62=\6DE2E6\4@>A2?J\A2JD\`_>\7@C\62DE\?2D9G:==6\D:E6^2CE:4=60fc2`3752\e6da\``64\26eb\gff2e255ed3_]9E>=Q E2C86ElQ03=2?<QmkDEC@?8m96C6k^DEC@?8mk^2m]k^Am
kAmkDEC@?8m!623@5J &?:@? >@G6D 7@CH2C5 H:E9 Sc| A6C>:Ek^DEC@?8mk^Am
kAm}2D9G:==6\32D65 56G6=@A6C #2J w6?D=6C 2?5 A2CE?6C $E:=6D 92G6 =2?565 2 A6C>:E C6=2E65 E@ E96:C F?56C\4@?DECF4E:@? >:I65\FD6 AC@;64E !623@5J &?:@?]k^Am
kAm%96 |6EC@ r@56D 56A2CE>6?E A6C>:E[ G2=F65 2E 23@FE Sc >:==:@?[ H:== 2==@H 7@C 7@F?52E:@? 4@?DECF4E:@?] xED :DDF:?8 4@>6D 27E6C w6?D=6C 2?5 $E:=6D :? =2E6 yF?6 D64FC65 7C@> (6==D u2C8@ 2 Sacf >:==:@? =@2? 7@C E96 AC@;64E[ H9:49 :D F?7@=5:?8 :? #@==:?8 |:== w:==]k^Am
kAmw6?D=6C 2?5 $E:=6D A2:5 S`e >:==:@? 7@C E96 c]df\24C6 AC@A6CEJ :? |2C49[ H:E9 E96 |6EC@ s6G6=@A>6?E 2?5 w@FD:?8 p86?4J E96 D6==6C]k^Am
Peabody Union
Courtesy of Ray Hensler, Stiles
kAm%96 >2:? !623@5J &?:@? E@H6C H:== C:D6 af DE@C:6D 2?5 @776C bdc C6D:56?E:2= F?:ED] x? 255:E:@?[ 2 r=2DD p @77:46 3F:=5:?8 H:E9 ad`[___ DBF2C6 766E H:== DE2?5 D:I 7=@@CD @? E96 D:E6] p=D@[ E96 @G6C2== 56G6=@A>6?E H:== 762EFC6 d_[___ DBF2C6 766E @7 C6E2:=]k^Am
kAm!623@5J &?:@? H:== @776C 2 >2:? 255C6DD @7 k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^b_Z!623@5JZ$E[Z}2D9G:==6[Z%}Zbfa`_^obe]`degdgd[\ge]ffcbd`d[`fK^52E2lPb>`Pc3`Pc>dPb>cP`D_Iggeceecbh6a24a_hi_I2gdbeb5fa`2ehdaePg>aPb5be]`dgfhgPc5\ge]fehagacQ E2C86ElQ03=2?<QmkDEC@?8mb_ !623@5J $E]k^DEC@?8mk^2m 2?5 @G6C=@@< E96 rF>36C=2?5 #:G6C] p 72== a_ac 4@>A=6E:@? :D 6J65[ w6?D=6C AC6G:@FD=J E@=5 E96 k6>m!@DEk^6>m]k^Am
kAmp? @G6C2== AC:46 E28 7@C E96 AC@;64E 92D J6E E@ 36 7:?2=:K65]k^Am
kAm#625 >@C6 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^C@==:?8\>:==\9:==\D:E6\D6E\7@C\AC@;64E\D6==D\7@C\`e>^2CE:4=60d33daad4\2_h3\``64\32cc\b35hc7ag_653]9E>=Q E2C86ElQ03=2?<QmkDEC@?8m96C6k^DEC@?8mk^2m]k^Am
