Nashville-based commercial real estate and design firm Southeast Venture has announced it has closed on the $3.96 million acquisition of the land for the first phase of a two-phase office project to be located in Cool Springs.
Southeast Venture will break ground by April 1 on the first phase and is targeting a completion within eight months, according to a release.
To be constructed on a 12.5-acre lot on Mallory Lane in the Mallory Park office park near Cool Spring Galleria, the first phase of the project will consist of two 40,000-square-foot office buildings surrounding a courtyard. The 70,000-square-foot second phase of the project will be built at a later date.
“This new development fills a critical need in the Cool Springs area for a high ratio of parking spaces to square feet of office space. This larger parking capacity is important to tenants that employ a large number of people per square foot, such as call centers and other back office operations,” Cam Sorenson, principal at Southeast Venture, said in the release.
Southeast Venture has designed the building, which will be similar in style to a two-office complex that the firm developed in Nashville’s MetroCenter business park for HealthSpring.
The people behind popular 12South restaurant MAFIAoZA’s Pizzeria and Neighborhood Pub have signed a lease to open a 10,000-square-foot location in The Factory at Franklin.
Business partners Michael Dolan, Lars Kopperud and Brett Corrieri expect to open the doors at The Factory at August. Their two-story space will include a renovated roof patio and a downstairs patio facing one of The Factory's courtyards. The restaurant will employ between 40 and 50 people.
“We will stay true to our vision of creating a fun, family oriented, neighborhood atmosphere that offers great Italian food, and we are very excited to partner with the Factory at Franklin on our third location and serve our existing and new customers in Williamson County,” Dolan said in a release.
Dolan, Kopperud and Corrieri also plan to expand their Franklin project to include lunch, Sunday brunch, live music and local delivery service. Check out their press release here.
The Franklin Board of Mayor and Aldermen has given its approval to the development plan for Harpeth Square, the $80 million residential/hotel/retail project slated for the northern edge of downtown Franklin. Jill Cowan at The Tennessean has more info and perspective here on what was a "robust public hearing" Tuesday night.
Knoxville-based craft beer retail store franchise company The Casual Pint is targeting a Hillsboro Road location in Franklin to open at the end of June, Nashville Business Journal reports.
Ken and Kayla Franse will serve as franchisees.
The Williamson County location will be the ninth for the company, which also offer Casual Pint shops in Chattanooga, Farragut and Maryville.
Read more here.
Southeast Venture is targeting an April 1 start for its Mallory Park project in Brentwood.
Wood Caldwell, SEV principal, said the company has acquired all approvals from the city of Brentwood and secured financing. It will close on the acquisition of the land March 16.
Relatedly, Nashville-based Southeast Venture has obtained a charter for SEV Mallory I LLC, which will serve as the owner of the development. Read more here.
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