Announced

Park Place

Nashville · Residences

Park Place is a roughly $1 billion triple-tower mixed-use development at 203 Peabody Street in Nashville's SoBro (South of Broadway) district, developed by The Congress Group and Taurus Investment Holdings.

Official Website
Last verified Jul 14, 2026
4.4 yrs to delivery
5%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2026
Start
2030
Completion
245
Keys
719
Units
36
Floors
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The story so far
Announced 2025 est.Recorded as construction but no groundbreaking as of May 2026 — still pre-development (secured a $25M pre-dev bridge loan); construction only anticipated to begin 2026
oftmw.com
Tenant announced May 2025Equinox Hotels signed as anchor of the ~$1B Park Place development per The Real Deal
oftmw.com
Financing secured Jun 2, 2025$25M pre-development bridge loan closed 2025-06-02 (Concord Summit Capital) for the $1B three-tower Park Place: 245-key Equinox Hotel + 239 condos + 480 apts. 203 Peabody St, SoBro.
rebusinessonline.com
Expected groundbreaking 2026
oftmw.com
Expected opening 2030
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
About the project

Park Place is a roughly $1 billion triple-tower mixed-use development at 203 Peabody Street in Nashville's SoBro (South of Broadway) district, developed by The Congress Group and Taurus Investment Holdings. The project is anchored by a 245-key Equinox Hotel — the wellness-led luxury brand's Nashville debut, with an 18,000-square-foot Equinox Club, spa and rooftop pool — alongside a luxury condominium tower and a separate apartment building totaling 719 residences. Rising across towers of 36, 32 and 18 stories, the development also includes ground-floor retail, structured parking and roughly 50,000 square feet of elevated park and open space in the heart of downtown Nashville.

Developer & design
The Nashville market 93 · Saturated supplySoBro 23-project pipeline · 4,080 residences and keys · peak Late ’27 Explore the market →
Common questions

Frequently asked

Where is Park Place located?

Park Place is located in Nashville.

When will Park Place be built?

Park Place is an announced development that has not yet started construction, targeting completion in 2030.

Who is developing Park Place?

Southwest Value Partners is the developer behind Park Place.

Who designed Park Place?

Park Place was designed by Hastings Architecture.

How big is Park Place?

Park Place rises 36 stories with 719 residences and 245 hotel keys.