GBT Realty and Atalaya Capital plan mixed-use River North development in Nashville

A joint venture between GBT Realty and Atalaya Capital has acquired a 3.71-acre mixed-use development site, which is part of the River North project along the East Bank of Nashville.

Madison Capital originated a $45 million loan for the project.

The firms’ initial plans for the development include residential, office, retail and parking offerings. The River North redevelopment plan spans more than 120 acres and will include a total of $20.9 million in public infrastructure improvements. Strategically located outside of Downtown Nashville, with easy access to major highways, River North is directly adjacent to Oracle’s newly planned Southeastern headquarters, which is expected to bring more than 2,500 employees to Nashville in the next five years and expand to more than 10,000 employees by 2031.

“Nashville is experiencing meaningful growth as a significant number of major technology, finance, manufacturing and e-commerce businesses expand to the metropolita