Officials with car rental giant Enterprise Holdings say they’re enjoying the benefits of Nashville’s tourism and travel boom. The company’s three brands — Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car — are putting up double-digit growth this year at Nashville International Airport, and plans call for Enterprise to open several more area locations to go with the 40-plus they now run.
One of those will come with a twist: This fall, Enterprise will add the Exotic Car Collection at its offices on Mallory Station in Cool Springs. The operation, which will employ a handful of full- and part-time people, will market high-end brands such as Lamborghini, Bentley, Ferrari and more. It will be just the 23rd Exotic Car Collection location in the country and only the fifth in the South, joining spots in Atlanta, Miami and Naples, Florida.
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.
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Regional lender Metropolitan Bank said Tuesday afternoon it has signed a lease for ground-floor space in the One Franklin Park office tower being finished in Cool Springs by Spectrum | Emery.
The leaders of Metropolitan, which entered the Nashville market in early 2012 and now has about $100 million in local loans, will relocate their current operations on Westgate Circle to Franklin Park, which will have Acadia Healthcare, law firm Thompson Burton and Franklin American Mortgage among its tenants. The branch is expected to be up and running by the end of the third quarter.
“We’ve worked hard to grow a number of tremendous client relationships in our current space in Williamson County, but with the growth of our team and client base it is time to establish a larger, more visible presence in the market,” said Bill Menkel, Metropolitan’s Nashville market CEO. “Williamson County is an important market for Metropolitan and we want to establish a location which will provide enhanced convenience for both existing and prospective clients, but at the end of the day, it’s our people and the client experience they deliver each day that makes Metropolitan truly unique.”
The new office will be home to up to 12 employees. For more info, click here.
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.
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