{"id":1004452384,"date":"2020-05-29T03:43:10","date_gmt":"2020-05-29T11:43:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004452384"},"modified":"2020-05-29T03:43:10","modified_gmt":"2020-05-29T11:43:10","slug":"nashville-commercial-real-estate-wrap-up-may-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/","title":{"rendered":"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020"},"content":{"rendered":"
\"\"<\/a>

Embassy Suites by Hilton Nashville Downtown Convention Center. Image courtesy of HVMG<\/em><\/p><\/div>\n

With the state economy slowly reopening going into May, Nashville\u2019s commercial real estate market saw some notable activity, especially\u2014and a bit surprisingly\u2014in the hospitality sector. A brand new downtown hotel received $60 million in financing, while a 168-room property scored a $58 million refinancing loan. Additionally, Wells Fargo financed a mixed-use downtown development. Read our May list of Nashville must-knows:<\/p>\n

1. FINANCING \u2013 Newly built hotel scores $60 million in financing.<\/strong><\/p>\n

Drury Development Co. has obtained financing for Drury Plaza Hotel Nashville Downtown, a 389-key property<\/a>, which is in proximity to the Country Music Hall of Fame and Museum and Music City Center. Central Bank of St. Louis originated a $50 million loan, while the company took a $10 million self-financed loan.<\/p>\n

2. MANAGEMENT \u2013 Hospitality Ventures to manage upcoming downtown Hilton.<\/strong><\/p>\n

The Embassy Suites is a 506-key project<\/a>, located at 708 Demonbreun St. A partnership including Crescent Real Estate, Starwood Capital Group and High Street Real Estate is developing the two-tower property. The hotel is slated for a 2021 opening. When complete, the asset will be the second-largest property under the Embassy Suites brand.<\/p>\n

3. FINANCING \u2013 Royal Investments lands $58 million for Dream Nashville refi.<\/strong><\/p>\n

The financing retires a $48.9 million construction loan provided by Fifth Third Bank in 2016. The new financing was provided by Barings. Dream Nashville opened in 2019 and has 168 rooms. Located at 210 Fourth Ave. N., the asset is within half a mile of the Country Music Hall of Fame and Museum and the State Capitol.<\/p>\n

4. FINANCING \u2013 Downtown mixed-use development scores $93 million loan.<\/strong><\/p>\n

According to Nashville Business Journal<\/em>, Taylor Place is slated for completion is 2022. The site is located at 602 Taylor St. in Germantown, with the project also including the revitalization of the 75-year-old Werthan Building. The project’s architect, Smith Gee Studio, is scheduled to be the development’s first tenant, having signed for 14,000 square feet. SWH Partners, The Mathews Co. and Soundview Real Estate Partners are part of the team spearheading the development. The loan was originated by Wells Fargo Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mixed-use project lands $93 million loan. Two hotels score nearly $120 million in financing. Catch up with our May selection of must-reads.<\/p>\n","protected":false},"author":868,"featured_media":1004450251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,36077,21742],"tags":[48884,38853,38058,39317,33860,33277],"class_list":["post-1004452384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-nashville-knoxville","category-latest","tag-thewrapup","tag-crescent-real-estate-holdings","tag-drury-development-corp","tag-fifth-third-bank","tag-hospitality-ventures-management-group","tag-wells-fargo"],"acf":[],"yoast_head":"\nNashville Commercial Real Estate Wrap-Up \u2013 May 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020\" \/>\n<meta property=\"og:description\" content=\"Mixed-use project lands $93 million loan. Two hotels score nearly $120 million in financing. Catch up with our May selection of must-reads.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-29T11:43:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1053\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/\",\"name\":\"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg\",\"datePublished\":\"2020-05-29T11:43:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg\",\"width\":1053,\"height\":1050,\"caption\":\"Embassy Suites by Hilton Nashville Downtown Convention Center. Image courtesy of Hospitality Ventures Management Group\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\",\"name\":\"Sergiu Inizian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"caption\":\"Sergiu Inizian\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/","og_locale":"en_US","og_type":"article","og_title":"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020","og_description":"Mixed-use project lands $93 million loan. Two hotels score nearly $120 million in financing. Catch up with our May selection of must-reads.","og_url":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-05-29T11:43:10+00:00","og_image":[{"width":1053,"height":1050,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg","type":"image\/jpeg"}],"author":"Sergiu Inizian","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/","url":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/","name":"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg","datePublished":"2020-05-29T11:43:10+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg","width":1053,"height":1050,"caption":"Embassy Suites by Hilton Nashville Downtown Convention Center. Image courtesy of Hospitality Ventures Management Group"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/nashville-commercial-real-estate-wrap-up-may-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Nashville Commercial Real Estate Wrap-Up \u2013 May 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a","name":"Sergiu Inizian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","caption":"Sergiu Inizian"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Embassy-Suites-by-Hilton-Nashville-Downtown-Convention-Center.-Image-courtesy-of-Hospitality-Ventures-Management-Group.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004452384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/868"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004452384"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004452384\/revisions"}],"predecessor-version":[{"id":1004452990,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004452384\/revisions\/1004452990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004450251"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004452384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004452384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004452384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}