Notes: Demo of old-school VU-area buildings looms | Development

Demolition looms of the three-building Louise Douglas Apartments on Elliston Place within the Rock Block, as the development company prepping to reinvent the site with a Holiday Inn Express has landed a construction loan.

Elliston Hospitality LLC, which is affiliated with Nashville-based SiLa Developments, has secured the $43.1 million loan from Dallas-based Hall Structured Finance. Mag Mile Capital Senior Vice President Francisco Nacorda sourced the financing for the project, according to a release from HSF and SiLa Developments.

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Holiday Inn Express

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Peabody Union

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