Announced

Park Place

Park Place is a roughly $1 billion mixed-use development rising on a 2.1-acre block in Nashville's SoBro district, developed by Boston-based The Congress Group and Taurus Investment Holdings.

~2030
Completion
245
Keys
719
Units
36
Floors
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Details

203 Peabody Street, Nashville. 36 floors, 719 residences and 245 hotel keys. Targeting 2030. Financed with $25M in May 2025.

The story so far
Announced 2023 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
Paused pending financing May 2026the SoBro development, anchored by a 245-key Equinox hotel alongside a 480-unit apartment tower and a 239-unit condominium, is on hold awaiting construction financing after being scaled back from three towers
homes.com
Site cleared for the three towers Late 2023The Congress Group paid $35 million for the 2.1-acre Peabody Street block in December 2021 and demolished the buildings standing on it in late 2023, so Park Place rises on an already vacant block rather than a live site.
therealdeal.com
Expected groundbreaking 2026 est.
oftmw.com
Expected opening 2030 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 21, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for Park Place

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About the project

Park Place is a roughly $1 billion mixed-use development rising on a 2.1-acre block in Nashville's SoBro district, developed by Boston-based The Congress Group and Taurus Investment Holdings. The three-tower project is anchored by a 245-key Equinox Hotel with an 18,000-square-foot Equinox fitness club and spa, paired with a 239-residence luxury condominium tower and a 480-unit apartment building. Designed by Hastings Architecture, the development adds more than 25,000 square feet of ground-floor retail, a 962-space underground parking garage, and roughly 50,000 square feet of elevated parks and open green space, positioning it among the first ground-up projects branded and operated under the Equinox Hotels banner.

Companies and contacts

Every firm on Park Place, the office nearest it, and the people who work on it.

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 (a TMW estimate).

Who is developing Park Place?

The Congress Group, Taurus Investment Holdings 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.