US: Developer Vastland Firm has closed on a $130 million development mortgage for its debut VOCE Lodge & Residences in Nashville.
VOCE Lodge & Residences is 25-storey, mixed-use improvement providing 192 non-public residences, 114 luxurious lodge suites, 60,000 sq. ft of workplace area, and greater than 40,000 sq. ft of wellness facilities.
The undertaking is positioned in Midtown Nashville at 1717 Hayes St. Building will probably be led by BL Harbert Worldwide and managed by Vastland. Work will start on 8 December 2025 with an anticipated completion in autumn 2027.
The mortgage was supplied by Atlanta-based funding agency Peachtree Group. BayBridge Actual Property Capital acted as Vastland’s capital market dealer.
“There has by no means been a undertaking like VOCE in Nashville, and town is the perfect first market to introduce the VOCE model to the world,” stated Mack McClung, founder and CEO of Vastland Firm. “As we begin vertical development on our absolutely realised, superbly designed, amenity-laden flagship undertaking, we anticipate intense demand for our remaining items.”
Greater than 50 per cent of residences have already offered, in accordance with McClung. Residences gross sales are led by Vastland principal dealer Christy Frewin.
“This enables us to shut this development financing on beneficial phrases whereas guaranteeing the lodge will function debt-free upon opening, which is a rarity in as we speak’s setting,” he added.
Residence house owners could have the choice to take part in a professionally managed four-star lodge program.
Different companions within the undertaking embrace:
- The Preston Partnership (architectural design)
- ID & Design Worldwide (inside design)
- Restoration {Hardware} Design (hospitality and residences)
- Civil Web site Design Group (civil engineer)
- HDLA (panorama architect)
Highlights:
- Vastland Firm secures $130 million development mortgage from Peachtree for VOCE Lodge & Residences in Nashville.
- 25-storey mixed-use undertaking with 114 lodge suites and 192 non-public residences.
- Consists of 60,000 sq. ft of workplace and greater than 40,000 sq. ft of wellness facilities.
- Positioned in Midtown Nashville; development anticipated to finish autumn 2027.
- Over 50 per cent of residences pre-sold; possibility to affix four-star lodge program.
