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

[markhollin]

Another huge Cool Springs area development in the works:

A pair of Franklin developers (SouthStar and Chartwell Hospitality) today jointly bought a 22 acre site at  the SW corner of McEwen Dr. and Carothers Parkway from Vanderbilt University Medical Center. The latter had originally envisioned a $200 million medical complex, but tabled the plan 5 years ago. Several developers had proposed deals in recent years but faltered for various reasons.

The new partnership plans on a $700 million mixed-use development.  More details will come at a later date.  Buildings on that site can reach 12 stories under city zoning — a height that is all the more enhanced by the fact that the land is elevated above that northbound interstate exit offramp.

Now, SouthStar — which is partnering with Chartwell for the first time — has 52 contiguous acres of land under its control.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/05/04/franklin-developers-amass-huge-prime-site-in-20m.html

[Pdt2f]

Is there any word on the financial issues that the Ovation developers are having? The Mars HQ looks kind of absurd by itself on that huge piece of land. 

[bmkTN]

I can't wait to see what SouthStar's plans are for this.  Insane to think that there might be close to 2.5 billion(!!) dollars worth of development along McEwen over the next several years.

[grilled_cheese]

They bulldozed Dotson's : (

 

https://www.tennessean.com/story/news/local/williamson/2018/05/09/crews-knock-down-former-dotsons-building-franklin-tn-williamson-county/569548002/

Edited May 10, 2018 by grilled_cheese

[dmillsphoto]

Camera for Ovation

 

https://app.oxblue.com/open/bng/ovationeastend

[markhollin]

The Hill Center in Brentwood was one of 5 projects awarded with The Urban Land Institute Nashville's  Excellence in Development in the large category.

[markhollin]

A-Game Sportsplex is purchased for $12.2 million by Tennessee Youth Sports LLC. They plan on doing $1 million in upgrades, including 30,000 sq. ft. of retail/office space.

https://www.nashvillepost.com/business/development/article/21005241/agame-sportplex-sells-for-122m

[markhollin]

Williamson County's residential real estate market is thriving, with the median sale price for single family homes more than $50,000 higher than at this time last year.

The median closing price for those homes was $503,250 last month, up from $451,100 in April 2017

https://www.tennessean.com/story/news/local/williamson/2018/05/17/real-estate-franklin-brentwood-williamson-county-median-home-prices-higher-property-values/611446002/

[markhollin]

MarketStreet Enterprises and Cincinnati-based Al. Neyer are in talks with National HealthCare Corp. The Murfreesboro-based company, which operates nursing homes and assisted-living communities, is seeking to develop about 12 acres of land it owns on Cool Springs Boulevard, adjacent to one of its facilities.
 

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/05/29/gulch-ohio-developers-jockey-for-cool-springs.html

 

[markhollin]

A 7 story, 120,000 sq. ft., Class A office building is about to start as part of the Brentwood Commons office park at 750 Old Hickory Blvd. in Brentwood.

https://www.nashvillepost.com/business/development/article/21007989/work-to-start-on-brentwood-commons-office-building

[markhollin]

Crain Construction is targeting a year’s end completion on a 4 story , 33,000 sq. ft. Class A office building in Mt. Juliet at 1010 Pleasant Grove. The building will offer balconies with views towards downtown Nashville, a landscaped courtyard and surface parking.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21008285/new-images-released-for-airport-project

[markhollin]

Wow---Amazon at it AGAIN.  

According to multiple real estate sources, Amazon  has canvassed the region for another distribution facility. Sources said the company initially sought roughly 300,000 square feet of space and is now eyeing an even larger footprint. Multiple sources identified a building in La Vergne as one of the company's top prospects, though they said no lease has been signed.

The potential operation is separate from Amazon's newly signed lease (just last week) for an industrial building five miles north of downtown Nashville, perched above the point where Interstates 65 and 24 split.

In particular, sources identified the building at 400 New Sanford Road as a top contender to land Amazon. That building contains more than 500,000 square feet and has room for a 250,000-square-foot expansion, according to a listing brochure.

No word on how many folks would be employed at THIS distribution site.  The one announced last week was for 500 new employees.

More info behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/06/12/exclusive-amazon-pursues-another-nashville.html?ana=twt

[BnaBreaker]

Wow... is this our consolation prize?  lol

[Lexy]

Wonderful, more semi trucks on the interstate.

On 5/15/2018 at 5:48 PM, markhollin said:

A-Game Sportsplex is purchased for $12.2 million by Tennessee Youth Sports LLC. They plan on doing $1 million in upgrades, including 30,000 sq. ft. of retail/office space.

https://www.nashvillepost.com/business/development/article/21005241/agame-sportplex-sells-for-122m

And still no ice in Williamson County.  These narrow minded sports complex owners are truly missing a HUGE opportunity.

[markhollin]

The City of Spring Hill has revealed the concept design plan for the new Spring Hill Public Library, which will be greatly expanded in renovated space at the Northfield Conference Center recently purchased by the city.

http://www.williamsonherald.com/communities/spring_hill/article_4e8e7312-6d91-11e8-901d-5ff5badff473.html?utm_medium=social&utm_source=facebook&utm_campaign=user-share

 

[markhollin]

I think this pic might be a  few months old.  Progress on Harpeth Square in Franklin.

 

[titanhog]

I don't know if anyone has posted this previously, but I just noticed they're supposed to open a Stars & Strikes family entertainment complex in the old Kmart in Smyrna.  

https://www.dnj.com/story/news/2018/06/14/starts-strikes-bowling-smyrna-tn-kmart-rutherford-county/700707002/

The new Smyrna location will have 24 bowling lanes, eight of which are VIP lanes, along with bowling leagues for all ages and skill levels.

In addition to bowling, Stars and Strikes will boast a 7,300-square-foot arcade and prize store, a two-story laser tag arena and indoor bumper cars.

The company is also opening an escape room at the venue. Escapology will be an interactive adventure game designed for small groups. Teams work against a time clock and must solve puzzles to figure out clues and solve the mystery in order to "escape" the game.

Diners can enjoy chef-crafted meals in the 7/10 Grille restaurant and a large full-service bar that will be surrounded by big-screen TVs for sports viewing. Fare will feature a variety of appetizers, salads, sandwiches, specialty pizzas and other house-made items.

The Main Street Lounge will house VIP bowling lanes in an upscale setting ideal for larger events.

There will also be private party rooms, as well as a top-tier corporate event room that will have a private bar and room for 150 guests. 

 

The new Stars and Strikes will offer affordable birthday and event packages that are custom designed to accommodate budgets of any size. 

To date, Stars and Strikes has 11 other venues in Georgia and Alabama, with the first Tennessee location opening in Smyrna. The company will invest over $7 million in the Smyrna facility, creating over 100 local jobs.

[markhollin]

The first chunk of a major mixed-use development in the Cool Springs commercial hub will open in fall 2019, now that construction has begun.

The 45-acre McEwen Northside project will initially feature an eight-story building with office space, restaurants and stores, and a 274-unit apartment complex — all across from a 2-acre park. Bell & Associates Construction, of Brentwood, will build the office and retail space. The work is beginning without tenants in hand.

Some new renderings below.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/06/26/this-major-cool-springs-development-opens-next.html

Video of land being prepped here:

 

[MLBrumby]

In a corporate-wide restructuring, Jackson National Life, which has a hub in Brentwood, will be closing an office in Denver and transferring many of those employees to WillCo. The result will be an increase of 200 high paying advisory jobs in Brentwood. At the same time, and to make room for the transfers, about 60-70 lower-paying jobs will be cut at their distribution hub in Brentwood with many of those positions being transferred to corporate HQ in Michigan.

https://www.bizjournals.com/nashville/news/2018/06/27/what-this-giant-employers-restructuring-means-for.html

Edited June 27, 2018 by MLBrumby

[MLBrumby]

More on McEwen Northside: https://www.nashvillepost.com/business/development/article/21011296/work-starts-on-140m-cool-springs-project

* Phase I beginning now; to be completed 4Q19

* Includes 8-story (210K sf) office building, including 27k restaurant/retail

* 274 residential 

* Joint development with locally based Northwood Ravin & Boyle Development, with NWML, Bell Construction, & Jones Bros. 

* 2-acre park in center

 

Edited June 27, 2018 by MLBrumby

[markhollin]

From the Nashville Post:

One of the largest yet-developed properties in Brentwood recently was listed for sale for $6.5 million.The 8.44-acre property, which is zoned for residential use, sits within both Davidson and Williamson counties. It has an address of 551 Church St. It frontage is located in the Davidson segment.

 

[markhollin]

CKE Restaurants, Inc. (parent company of Hardees fast food chain) announced it will expand its headquarters in Franklin with 47,000 more sq. ft., bringing an additional 145 jobs. 

https://www.tennessean.com/story/news/local/williamson/2018/06/28/cke-hardees-carls-jr-franklin-heaquarters/741573002/

[MLBrumby]

Spring Hill population breaks 40,000, up 4,000 in 4 years. https://www.tennessean.com/story/news/local/williamson/spring-hill/2018/06/29/spring-hills-population-jumps-nearly-4-000-two-years/747190002/ 

[mbjjbbb]

Surprised no one picked up on this article in the Wall Street Journal: "Forget Silicon Valley, The Future of Tech Is in These Three Cities" - one of the three is Clarksville, TN.  To  quote from the article: "Worker believes the skillset of the people, access to clean energy and strong partnership opportunities are what led to a major investment in the city of 150,000 people on the Kentucky border. “Google broke ground in February on a $600 million data center on 1,300 acres,” he says. “And LG is spending $250 million to build an 829,000-square-foot home appliance factory slated to employ 600 workers.” There’s plenty to do, from strolling the riverfront and hiking the Clarksville Greenway to wandering the Customs House Museum & Cultural Center (above)—but Worker’s pick is D&D Black Light Mini Golf for a round of golf."

Not sure everyone would agree, but it is a nice shout-out and shows results of hard work by a lot of people.  Link to the article here: https://www.wsj.com/articles/forget-silicon-valley-the-future-of-tech-is-in-these-three-cities-1529426153

 

[SoundScan]

....

Edited July 4, 2018 by SoundScan