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Construction on Tennessee’s tallest tower will commence next month.

The Tennessean reports developer Sam Giarratana secured a $340 million financing deal for Paramount, a 60-story residential building planned for 1010 Church St. The tower is expected to cost $460 million in total. Giarratana has raised $120 million in equity from a group of 76 investors.

Benefit Street Partners, based in New York, provided the construction loan. Brasfield & Gorrie will manage construction on the mixed-use development.