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| Mary Dooley |
BOSTON, MA, April 18, 2019 – Holliday Fenoglio Fowler, L.P. (HFF)
announces that it has arranged $360 million in debt and equity financing for
the development of the Four Seasons Hotel and Private Residences Nashville, a
luxury mixed-use hotel and for-sale residential project in downtown Nashville,
Tennessee.
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| Robyn King |
Both the hotel and
the for-sale residential units will be branded and operated by Four Seasons
Hotels and Resorts.
HFF worked on behalf of the developers, The Congress Group, Inc. and AECOM
Capital.
Located at 151 First Avenue South, the exclusive mixed-use
development will include 232 five-star hotel rooms, luxury for-sale residential
units, approximately 10,000 square feet of retail space and a 368-space parking
garage.
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| Riaz A. Cassum |
Residences will feature exquisite interior finishes, floor-to-ceiling windows with views of downtown Nashville, open-concept living areas alongside best-in-class amenities and luxury service that will redefine luxury living and exclusivity in Nashville. Construction will begin in second quarter 2019.
The project will overlook the Cumberland River as well as the adjacent
Ascend Amphitheatre and is just across the John Seigenthaler pedestrian bridge
from Nissan Stadium, home of the Tennessee Titans.
Additionally, residents and guests will enjoy ease of
access to Lower Broadway and Second Avenue, which serve as home to the city’s
quintessential live music venues, restaurants and nightlife, including the
Nashville Music City Center.
The project is also
less than a 15-minute drive from four out of the five top employers in
Nashville, including Pinnacle Financial Partners and Bridgestone.
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| Daniel Kaufman |
The HFF debt and equity placement team representing the developers
consisted of senior managing directors Riaz Cassum and Danny Kaufman,
senior associate Robyn King and associates Andrew Gray and Mary
Dooley.
“This transaction garnered strong interest from both lenders and equity
investors due to the strength of the sponsorship and their vision for a
world-class, luxury development on the best site in Nashville,” said
Cassum.
“The arrival of Four Seasons to Nashville speaks volumes to
the attractiveness of the city as a destination for both leisure and business
as well as one of the most desirable places to live in the country.”
About The Congress Group, Inc.
The Congress Group, Inc. (“Congress”) is a privately-held real estate
development, construction, property/asset management and investment
company.
Founded in 1980, Congress has grown to be one of New
England’s leading commercial real estate and development firms, with a presence
along the Eastern Seaboard.
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| Andrew Gray |
Congress has been
responsible for the design, development and construction of approximately eight
million square feet of office, residential, retail, hotel and structured
parking projects.
It has made the
reuse of complex central city sites a specialty, establishing new, high profile
landmarks on underutilized spaces.
A leader in value-added real estate
developments, Congress has many notable projects, including 28 State Street and
33 Arch Street in Boston, Massachusetts.
About AECOM Capital
AECOM Capital is an investor and developer of real estate
and other large-scale projects across North America and select international
markets.
Targeting
high-quality, risk-adjusted investments, AECOM Capital leverages AECOM’s vast
resources across all engineering, design and construction services for deal
flow, due diligence, execution and project delivery.
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| Four Seasons Hotel and Private Residences, Nashville, TN |
A Fortune 500 firm, AECOM had revenue of
approximately $20.2 billion during fiscal year 2018. See how we deliver what
others can only imagine at
Contacts:
RIAZ CASSUM
HFF Senior Managing Director
(617) 338-0990
DANNY KAUFMAN
HFF Senior Managing Director
(312) 528-3650
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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