A Charleston-based upscale women's apparel and footwear boutique plans to soon open its first store in Tennessee in the CityPark development on Franklin Road in Brentwood. Copper Penny will take up space in Building E of CityPark's 40,000-square-foot retail section, sitting close to the Hilton Garden Inn being built adjacent to the Mooreland historic home. The CityPark site will be the ninth location for Copper Penny, which first opened its doors about 25 years ago.
SouthStar is jumpstarting its leasing efforts for Williamson County project Franklin Summit, which could include two hotels and various office buildings with a collective approximately 800,000 square feet of space, Nashville Business Journal reports.
Franklin Summit sits on a 30-acre site on Huffines Ridge Drive, and overlooking Interstate 65 at exit 67 in Cool Springs.
The project, which could carry a price tag of up to $300 million, is not part of the nearby Ovation mixed-use development on which SouthStar and Highwoods Properties are teaming (read here).
Read more here.
Getahn Ward at The Tennessean reports that UBS is close to committing to 30,000 square feet in One Franklin Park, which already has snagged some other big names. The global financial giant, which has been busy building up its downtown operations center, will install some back-office workers in Cool Springs and also open a wealth management office that could grow to 28 people. Read more here.
SouthStar is under contract to buy 41 acres of Cool Springs land located south of the Franklin-based developer’s underway Ovation, according to Nashville Business Journal.
Citing multiple unnamed sources, NBJ reports that if the two-acquisition deal materializes, SouthStar will have amassed approximately 165 acres in what is essentially the heart of the midstate's most suburban-development-attractive area.
Ovation is expected to carry a $775 million price tag and include 1.4 million square feet of office space, 450,000 square feet of retail and restaurant space, hotels and 950 residential units.
Read more here.
Catherine Powers, Franklin's director of planning and sustainability, has unexpectedly resigned her post, effective immediately. Powers had been on the job for five years. Emily West at Franklin Homepage writes that city leaders didn't give much of an explanation at all Tuesday evening as to the circumstances of her exit.
The Franklin Historic Zoning Commission on Monday night voted to approve plans for Harpeth Square, the $80 million mixed-use project planned for the northeast quadrant of downtown Franklin. Commissioners had voted against the plan less than a month ago, citing concerns about building height and massing. Emily West at Franklin Homepage has more info and context here on the meeting, which got just a bit contentious at one point.
"A lot of you are supportive of the project," Reynolds said. "But there's just as many that don't. You are just more powerful and louder. I would like to vote for this project, but I feel like I am being pushed into a corner. I've been disappointed in the developers willingness to address our concerns."
The crowd immediately called back in unison, "Where are they?" and meeting chairman Besser gaveled them into silence.
A local developer is looking to assemble a decent chunk of property in the Brentwood Town Center, reports Jonathan Romeo at Brentwood Homepage. Peter Whitely last week went before city planning officials to discuss his plans for renovating a Pewitt Drive property he owns. But the bigger picture, Romeo writes, involves his intent to piece together neighboring parcels for a signature project to help define the southern edge of the Town Center district.
"It's a longer term project that, if it all come into fruition, will be something for Brentwood to take pride in," Whitely told Brentwood Home Page.
"Most of it is really unknown at this point. But my intentions are good. What I'm trying to achieve is to give Brentwood that sense of identity with more of an old-world, historic downtown center at the same time incorporating the needs of today."
Charlotte-based Crescent Communities and Pearl Street Partners of Brentwood have named Mallard Homes and Regent Homes as the builder partners for their Lockwood Glen residential development in Franklin.
Mallard Homes is based in Brentwood, with Regent Homes based in Nashville. The two companies will build 38 single-family homes and townhomes representing phase four of the 220-acre master-planned community located along Carothers Parkway south of Highway 96.
“In Lockwood Glen, we’ve created a place where neighbors can easily come together in an idyllic setting just a short drive from the great city of Nashville,” Keith Glenn, Crescent senior vice president for the Carolinas and Tennessee, said in a release. “The builders we selected share our vision for this ... community, and we look forward to working with them on the next stage of the neighborhood.”
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