Developer pays $4.4M for Fairview land, eyes 700+ homes

Walton Tennessee previously had acquired Carothers Crossings parcels
Aug 1, 2014 10:14 AM

Hill Realty gets rezoning for Brentwood project

In a unanimous vote, City of Brentwood Commissioners voted unanimously Monday night to approve H.G. Hill Realty Co.’s request to rezone land on which the development company envisions a mixed-use project.

The company now will submit a detailed site plan for review to the Brentwood Planning Commission by Sept. 2.

The approval will allow the Nashville-based company to pursue its development plans for Hill Center Brentwood, which will include a mix of restaurant and retail space in addition to Class A office space. The combined properties include the former Murray Ohio and the former Tennessee Baptist Convention headquarters sites from its current C-1 zoning to C-2.

In May, Hill Realty announced that accounting and business consulting firm Lattimore Black Morgan & Cain will serve as anchor office tenant, occupying approximately 65,000 square feet of a building that will sit at the high-profile southeast corner of the Franklin Road and Maryland Way intersection.

Hill Realty CEO Jimmy Granbery expressed thanks to commissioners and the community.

“While this has been a very long and arduous process, we feel the time was well spent in meeting with the community and learning more about what they want to see in this new gateway to Maryland Farms, and we are excited to begin the next phase working with the Planning Commission on the final details,” he said in a release.

Jul 29, 2014 2:40 PM

Developers of mixed-use Franklin project prep for demo work

Developers of the $80 million Harpeth Square mixed-use project slated for downtown Franklin are set to begin demolition work on the site within the next 30 days, according to The Tennessean.

Three empty buildings are expected to soon be razed to make way on the five-acre site for a planned 120-room hotel, shops and luxury apartments, the morning daily reports.

The Harpeth Square property is bordered by Main and Bridge streets and by First and Second avenues on the north end of downtown Franklin.

Read more here.

Jul 16, 2014 2:43 PM

Franklin Housing Authority lands tax credits

The Tennessee Housing Development Agency has selected the Franklin Housing Authority to receive $10.5 million in tax credits that will be the financial cornerstone of a 65-unit housing development near the Williamson County Library.

Construction is expected to start late this year and be completed about a year later. The single-family houses and townhomes will complement a senior housing building completed last year and are part of a large-scale plan to rejuvenate and grow the hundreds of housing units under the Franklin Housing Authority's umbrella.

 

Jul 14, 2014 6:43 AM

Williamson ECD pipeline gets smaller, more balanced

The economic development team in Williamson County is in the hunt for more than 30 projects that would bring with them almost 10,700 jobs. Those are solid numbers any way you look at them, but they are down quite a bit from the figures from mid-2013. Also noticeable is that health care projects account for about a third of the potential ECD wins, down from half a year ago.

 

Jul 11, 2014 11:16 AM

'There were relatively few title changes for an acquisition of this size'

Franklin Synergy's Richard Herrington discusses merger with MidSouth Bank
Jul 3, 2014 10:28 AM

Major Cool Springs parcel hits market

A major piece of Williamson County property — and likely the last of its size in the general Cool Springs area — has hit the market.

Denver-based Amstar has appointed HFF to market and sell Northside at McEwen, an undeveloped 44.9-acre tract located near CoolSprings Galleria and on the west side of Interstate 65.

The land is zoned to accommodate a mixture of uses, including more than 870,000 square feet of commercial space, 580 residential units and a 150-room hotel.

HFF previously represented Amstar in June when the intermediary sold Southside at McEwen, a high-end grocery center anchored by Whole Foods.

HFF Managing Directors Jim Hamilton and Richard Reid are marketing the tract, for which an asking price has not been set.

“I think that this land will command a premium because this is the last major piece of land for development of scale in Cool Springs and such a tremendous amount of development,” Hamilton said. “This is the last major piece of a major scale.”


 

Jul 2, 2014 12:49 PM

Images released for Hill Center Brentwood

H.G. Hill Realty Co. has released images of its planned Hill Center Brentwood as the the company prepares to host a community meeting tonight to offer information regarding the project.

Earlier this month, the Brentwood City Commission Monday night unanimously passed on first reading the development company’s request to rezone approximately 17 acres located on the southwest corner of the Franklin Road and Maryland Way intersection and on which the developer envisions a mixed-use project, brentwoodhomepage.com reports.

The Brentwood Planning Commission will meet on July 7 to vote on whether to recommend that the city approve the project's site plan. The final Brentwood City Commission vote is July 28.

If it materializes, Hill Center Brentwood (read more here) would include 450,000 square feet of office space and 150,000 square feet of retail space.

Atlanta-based Cooper Carry (see images courtesy of the firm below) is handling land planning for Hill Realty. Thomas Miller Partners, which is based in Brentwood, is serving as lead architect.

 

 

 

 

Jun 25, 2014 10:00 PM

Franklin Marriott Cool Springs to sell

Crow Holdings Capital Partners, an investment fund associated with the Trammell Crow family, has a contract to acquire the Franklin Marriott Cool Springs for an undisclosed sum, according to Nashville Business Journal.

The hotel last sold in 2007 for $56 million, NBJ reported.

Franklin Marriott Cool Springs, which has 297 guest rooms and three suites, was built 15 years ago. The attached conference center is jointly owned by Williamson County and the city of Franklin. The new owner is investing in a renovation of the hotel and will keep the Marriott brand.

Franklin Realco LLC, which NBJ reported is registered to Atlanta’s Noble Investment Group, owns the hotel.

 

Jun 25, 2014 12:22 PM

Crescent Cool Springs begins leasing process

Charlotte-based Crescent Communities has begun preleasing at Crescent Cool Springs, a 252-unit luxury apartment community located at the intersection of Carothers and Resource parkways in Franklin.

The 13-acre community includes a selection of attached garages, sidewalks and walking and biking trails.

Fifth Third Bank provided construction financing, with Summit Contractors serving as the general contractor. Historical Concepts provided concept design; Cline Design, architecture; Littlejohn Engineering, civil engineering; and Vignette Interior Design, interior design.

“When Crescent Cool Springs opens this summer, it will give residents the balance they crave — short commutes to work, ways to connect with friends and easy access to everything they like to do,” said Ben Collins, vice president of the Carolinas and Tennessee for Crescent Communities’ multifamily group.

Crescent Communities is also planning a 280-unit luxury apartment and retail building to be located on Division Street between The Gulch and the Music Row Roundabout. It would be Crescent’s first project located within Nashville’s urban core.

 

Jun 25, 2014 8:30 AM