Southwest Value Partners and Anschutz Entertainment Group (AEG) have secured a $211.97 million construction loan from Bank OZK for their Nashville Yards development. The mixed-use entertainment district, spanning 2.46 million square feet, is set to include a variety of amenities such as a movie theater, creative office space, retail stores, event venues and residential towers.
The latest plans for the project feature a 12-story building with over 450,000 square feet of space dedicated to offices and retail on the ground floor. Additionally, there will be an event venue that can accommodate up to 4,000 people in its over 125,o00-square-foot area.
Two residential towers are also part of the development plan with heights of 34 and35 stories respectively. These towers will offer residents access to meeting rooms,fine dining options,gym facilities,and even swimming pools.The main buildings will be connected by an outdoor pedestrian walkway lined with seating areas,dining options,and beautiful landscaping.
Construction has already commenced on two key structures:the live music venue which can hold up to4 ,500 people along with ground-level retail spaces;and another building featuring both office spaces totaling420 ,000squarefeetand additionalretail offerings.The Nashville Business Journal reports that AEG intends this projectto becomea major attractioninthe city’s growing entertainment scene.This recent funding milestone marks significant progress towards achieving this goalfor Southwest Value Partners,AEG,and all involved parties atNashville Yards.
