Propst Development receives $280m of financing for $540m project 

Bank OZK has provided $278.9 million of construction financing for the $540 million Broadwest mixed-use project in Nashville, Tenn., reported local media outlets.

Propst Development is the project’s developer. 

The project totals 1.2 million square feet. The first tower will have 21 stories with more than 510,000 gross square feet of class A office space. The second tower will be 34 stories tall and include a 14-floor, 245-room luxury hotel and 20 floors of approximately 200 luxury condominium units. Connecting the Broadwest towers will be an additional 125,000 square feet of office and retail space along with a one-acre park in the center of the development. Broadwest will also have one of the largest parking decks in Nashville with more than 2,500 spaces.

Chartwell Hospitality, a Franklin-based hotel operations and development