City Lights secures construction funding

After two-and-a-half years of work, Don Meeks is starting construction on a luxury condo building in downtown Nashville — buoyed by a new bank loan and the sizzling growth in the city's urban core.

Condo buyers have reserved 40 percent of the 71 units in the forthcoming CityLights building at 20 Rutledge St., said Meeks, who is a Houston architect and a key investor in the development. That activity was sufficient to secure a loan to fund construction of the roughly $73 million building from Wilson Bank & Trust, Meeks said.

Along with Meeks, core investors in the development include Louisville private-equity firm Patoka Capital, as well as Joe Owen, the CEO of Brentwood-based Guardian Healthcare. Nashville's Village Real Estate Services is handling the sales effort.

Read the full article on the Nashville Business Journal online (may require payment)

Joe Owen