Vastland Company has closed on a $130 million construction loan from Peachtree Group for its inaugural VOCE Hotel & Residences in Nashville.
The 25-story mixed-use development will offer 192 private residences, 114 luxury hotel suites, 60,000 sq. ft. of boutique office space and more than 40,000 sq. ft. of epicurean and wellness amenities.
“There has never been a project like VOCE in Nashville, and the city is the ideal first market to introduce the VOCE brand to the world,” said Mack McClung, founder/CEO, Vastland Company. “This is an exciting day for us at Vastland and for our wonderful collection of owners at VOCE. As we commence vertical construction on our fully realized, beautifully designed, amenity-laden flagship project, we expect intense demand for our remaining units.”
He added, “This $130 million loan from Peachtree Group reflects the strong confidence that one of the Southeast’s most respected real estate lenders has in our vision, execution capabilities and the VOCE concept. Upon completion, the project represents a total sellout value of $360 million.”
Construction will be led by BL Harbert International and managed by Vastland. Construction will commence on Dec. 8, with an expected completion of fall 2027. Other partners include The Preston Partnership (architectural design), ID & Design International (iddi), Restoration Hardware Design (hospitality and residences), Civil Site Design Group (civil engineer) and HDLA (landscape architect).
BayBridge Real Estate Capital acted as Vastland’s capital market broker and brought Peachtree Group to the VOCE deal.
