Atlanta-based real estate investment firm The Ardent Cos. has invested in Lower Broadway once again.

This time, The Ardent Cos. made a bridge loan to Big Plan Holdings for $61 million on Dec. 22, according to Metro records, to complete construction of the yet-to-named bar at 405 Broadway. In 2022, sources confirmed to the Business Journal that Jon Bon Jovi is associated with the project.

Big Plan Holdings purchased the L-shaped parking lot between Merchants and Nudies in 2020 for $9.4 million with plans for the five-story bar. The Nashville company has completed the majority of the development and secured additional funding from The Ardent Cos. to complete the project, set to open in summer 2024, an Ardent spokesperson told the Business Journal.

The companies will reveal more details of the project early next week.

Big Plan Holdings, led by founder and CEO Josh Jospeh, recently opened its Hank Williams Jr.’s Boogie Bar in the former Nashville Crossroads space at 419 Broadway and is working on a new restaurant and bar in 12South at 2405 12^th Ave. S. between The Butter Milk Ranch and Bottle Cap.

The Ardent Cos. has invested over $150 million in Nashville and this marks the company’s 11th transaction in Music City, 10 of which have been made in Lower Broadway’s entertainment district.

In summer 2022, The Ardent Cos., in partnership with real estate investor Jeffrey Welk, purchased the former George Jones Museum, now home to five-level entertainment complex Nashville Live!, for $28.5 million.

“We are big advocates in the long-term success in Nashville. The city has had exemplary performance in the time that we’ve invested there and we’ve continue to reinvest monies, as we think it’s a solid economic base and continues to be a strong growth market,” Scott Werbel, managing director at Ardent, told the Business Journal in a previous interview.