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.”
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.
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.
Pie Five Pizza, a Texas-based chain in the middle of a national growth spurt, has named the spots for its first two Nashville-area restaurants. Dana Kopp Franklin reports that the company will this summer open the doors to eateries on Cool Springs Boulevard and Lebanon Pike. Pie Five is a division of publicly traded Pizza Inn Holdings, which is on pace to ring up more than $40 million in sales this fiscal year but is still looking to turn a profit.
Nissan today announced total April U.S. sales of 103,934 vehicles, an increase of 18.3 percent over the figure from the same month in 2013 and an April record.
The Cool Springs-based company’s Nissan Division also set an April record at 94,764 sales in the month, an increase of 18.5 percent. This marks a monthly record for Nissan Division in 13 of the last 14 months.
Of note, Nissan Altima set an April record with 25,004 sales, an increase of 13.7 percent. Similarly, sales of Rogue crossovers also established an April record at 15,066, an increase of 26.6 percent, while Versa set an April sales record at 10,481, up 46.5 percent.
In contrast, Nissan moved 356 Cubes during the month, a 23.9 percent drop from the 468 mark of April 2013. The Cube is the manufacturer’s mini-MPV.
Likewise, sales of Maxima dropped 17.6 percent.
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Cool Springs-based financial services and investment firm HawsGoodwin Financial announced today it has received federal registration certification from the Security and Exchange Commission.
SEC registration, which is based on a firm’s managed assets, enables an investment advisory company to operate coast-to-coast without individual state licensing. HawsGoodwin this month filed papers with the SEC saying it manages a little more than $100 million for about 100 clients.
In a release, company CEO Art Haws (pictured) said HawsGoodwin has no immediate plans for office expansion outside Tennessee, but noted the company’s client base is growing beyond the state and region and that the firm wanted to streamline its ability to serve out-of-state clients more effectively.
“This is a big step, and one we have worked hard to achieve,” Haws, who teams with chief operating officer Cam Goodwin to lead the company, said in the release. “While the registration with the SEC is significant, what is more significant is the loyalty of our existing clients and the promise and opportunity afforded us by our new and emerging clients.”
Relatedly, HawsGoodwin recently settled into office space at the Meridian Cool Springs Office Park in Franklin and added veteran insurance professional Tom Weatherman to lead the company’s employee benefits group.
HawsGoodwin began operation in 2009 and has since seen an approximately 20 percent annual growth.
“We are feeling very confident about our path forward,” Haws said. “Our goal is to keep the momentum going.”
Cool Springs-based Wyndchase Aspen Grove garden-style apartment complex has sold for $83 million, The Tennessean reports. The purchase price is the single-greatest ever for a Nashville-area apartment property, according to the morning daily.