Surrounding Counties - Cheatham, Dickson, Montgomery, Rutherford, Sumner, Wilson, Williamson, Maury, etc.

[bigeasy]

That picture is giving me horrible flashbacks from my previous company I worked for. That 1/2 mile stretch on Franklin Rd was awful.

[markhollin]

From the Nashville Post:

St. Louis, Missouri-based residential developer JPL Development, LLC has purchased The Villages at Peytona Downs in Gallatin and plans an apartment project.

The seller was Gallatin-based real estate investment and development firm Green & Little

Financial terms of the deal were note disclosed in the release.

JPL eyes a 304-unit garden style apartment development. The general contractor on the project is BACAR Constructors, and Lose & Associates, Inc. is the civil engineer.

The 21-acre The Villages at Peytona Downs is located just south of the Greensboro Village mixed-use planned development.

Ashley Bishop, owner and principal broker of Site Selection Tennessee, represented JPL Development.

“The Greensboro Village master plan is centrally located with close proximity to retail, restaurants and grocery stores and allows quick access to Vietnam Veterans Boulevard,” Bishop said in the release. “Volunteer State Community College and the Gap Distribution Center are located just east of the site. Both provide ample populations for continued development and growth of the area.”

[LA_TN]

Looks like Emery/Spectrum is getting ready to start 3 Franklin Park. However, the massing shown here is the story because this indicates only a 10-story building in an area that just had the zoning increased to 16 stories

EDIT, Pat Emery says 3rd building at Franklin Park "on the table." Decision-date nearing. Teases that it'll have a rooftop terrace

Wilco outlook 2017

Edited April 12, 2017 by LA_TN
Added comment from Pat Emery

[markhollin]

Sumner County (specifically Hendersonville or Gallatin) could be the next place to get an ice rink tied-in with the Predators, to go along with Antioch, Bellevue, and Clarksville.

http://www.nashvillepost.com/sports/sports-business/blog/20857672/sumner-county-could-be-next-to-add-an-ice-rink

 

[LA_TN]

- Boyle says Lee Company HQ, Alfa Insurance, & TN Baptist offices will all open at Berry Farms by year's end

- Boyle also says Dave Ramsey's Ramsey Solutions starts Berry Farms office construction in August

Matt Largen (WilCo Chamber of Commerce): Thank you, Pat, for all you've done for Mid Tn.

Emery: "It's not over yet."

Hilton, U/C

Mars - Ovation

Outlook 2017

WilCo has 3x job growth rate as Davidson Co

• 26,793 Nashville residents commute to Williamson County daily
• only 1,400 more do the Williamson-to-Nashville drive

Where are these people coming from?

[titanhog]

Wow!  Almost as many people in Davidson County commute to Williamson for work every day as vice-versa!  That's incredible.

[BnaBreaker]

Lewisburg, WV?  That seems incredibly random.

[markhollin]

Outlook Williamson reveals why county is such a draw for companies:
http://www.tennessean.com/story/news/local/williamson/2017/04/11/outlook-williamson-reveals-why-county-such-draw-companies/100308218/

[Rockatansky]

12 hours ago, BnaBreaker said:

Lewisburg, WV?  That seems incredibly random.

Corporate relo?

[MLBrumby]

From the Ledger. Sumner and Wilson are attractive in their own right, but there appears also to be a spillover effect caused by high housing prices in Davidson (and Williamson). http://tnledger.com/editorial/Article.aspx?id=96338

Edited April 14, 2017 by MLBrumby

[chris holman]

http://www.franklinsummit.com

 

Edited April 24, 2017 by chris holman

[TheRaglander]

2 minutes ago, chris holman said:

http://www.franklinsummit.com

 

Oh wow.  Didn't see that coming.  I bet they finish before Ovation.

[MidTenn1]

1 hour ago, TheRaglander said:

Oh wow.  Didn't see that coming.  I bet they finish before Ovation.

Looks very much like another project with the name 'Summit' in it.

 

Oh, snap! I just jinxed it!

[TheRaglander]

I drove by this hill on the way home and I expect they will level some of it off, but no matter what this will look massive in Cool Springs.  If they don't have a lead tenant, I would like to recommend one.

[markhollin]

Site work is underway for construction of the $120 million first phase of Northside McEwen, which overall will bring offices, apartments, a hotel, restaurant/retail spaces and greenspace to 45 acres in Cool Springs.

http://www.tennessean.com/story/money/real-estate/2017/04/25/first-look-120m-first-phase-northwood-mcewen-cool-springs-starts/100885746/

 

[markhollin]

The Fountains of Gateway in Murfreesboro:

http://www.bizjournals.com/nashville/bizspace/spotlight/gallery/2511/410276?iana=ha_nsh_bizspace

 

[markhollin]

From the Nashville Post:

Atlanta entity has contract to buy Cool Springs property

Atlanta-based developer Core Property Capital has a contract to buy a 30-acre Cool Springs property on which a large-scale mixed-use project is being eyed, Nashville Business Journal reports.

The property, owned by SouthStar LLC is located at Exit 67 of Interstate 65 and is zoned to accommodate buildings of up to 12 stories.

The site had been marketed for what was to have been called "Franklin Summit."  It is one of the few large-scale undeveloped parcels in Cool Springs, NBJ reports.

CPC is using has Nashville-based land planning and engineering firm Ragan-Smith Associates Inc. to handle site work.

[markhollin]

Crescent Communities approved for a 24 acre Cool Springs plot at McEwen and Carothers:

http://www.tennessean.com/story/money/real-estate/2017/05/11/crescent-communities-approved-24-acre-cool-springs-project/100683480/

 

[kc8501]

Good article from Wiliamson Source about all the mixed use areas going in in the area.  Includes the big one in Spring Hill and the town square idea in Nolensville.

http://williamsonsource.com/big-mixed-use-projects-coming-williamson-county/

[HGMIII]

Ovation owner / developer files CH 11 BK to stop foreclosuring procedures taken by the owners of the $27M loan he owes...yikes. 

[markhollin]

113 $1million+ homes planned for Brentwood:

http://www.tennessean.com/story/money/2017/05/18/new-million-dollar-homes-planned-brentwood/323785001/

[smeagolsfree]

I think I will buy 4 or 5.

[MidTenn1]

I tried to relocate this data source once but couldn't find it, but I saw a few years ago where the Nashville MSA had a ridiculous number of million dollar homes. It was much higher than most of our 'peer' cities and as many as some higher tier cities. Wish I had found it.

[Hey_Hey]

3 hours ago, PHofKS said:

I tried to relocate this data source once but couldn't find it, but I saw a few years ago where the Nashville MSA had a ridiculous number of million dollar homes. It was much higher than most of our 'peer' cities and as many as some higher tier cities. Wish I had found it.

It is partly because our property taxes are so cheap.  People here can afford a significantly higher mortgage payment because our property taxes (which are typically escrowed) are less than half of many peer cities' property taxes. A million dollar house in Williamson county will pay ~$6000-7000 in annual taxes. In Nashville it would run a little more than that.  Compare that to Columbus ($20,000), Austin ($15,000), and Charlotte ($12,000). That translates to a monthly savings of $500-1200 per month.  When you include real estate taxes, Nashville isn't quite as expensive as our sales prices would indicate.  

Edited May 19, 2017 by Hey_Hey

[TheRaglander]

http://www.tennessean.com/story/news/local/williamson/2017/05/23/new-188-acre-park-planned-southeast-franklin/339860001/?hootPostID=4a00f7eeab7ca55cc6acfe53e849f12c

Massive 188 acre park for the SE Franklin area.  Would be a great addition.