Los Angeles-based Sky Zone is preparing to open its first Nashville-area indoor trampoline park early next year in part of the former Kroger store in Franklin's Williamson Square. Franchisee Chris Avery has leased about 20,000 square feet and tells Franklin Homepage he is aiming to open his doors in February.
The developers of a 228-unit apartment complex in the Columbia Avenue corridor south of downtown Franklin got the green light Tuesday night from the city's aldermen. The planned project provoked much criticism from residents concerned about more traffic in the area ahead of the widening of Columbia but saw the aldermen vote 5-3 in favor of the project. In the end, Alderman Dana McLendon summed it up most succinctly.
"Nothing is no longer a choice," McLendon said. "The only way the City of Franklin can deliver on zero additional traffic is to buy the property, condemn it, and do nothing with it. We cannot make zoning decisions based on anecdotal or individual experience. They don't need zoning, they have zoning now. There could be a Waffle House or another taco stand. If I was going to open a Waffle House, Columbia Ave. would be very attractive to me. There's lots of traffic and lots of rooftops. If you want less traffic, you should ask us to pick the apartments. The speakers asked me to make a choice that is not available to me."
Pinnacle Financial Partners has recruited eight-year banking veteran Nathan Matheson to be a senior vice president and business banker at its West Baddour office in Lebanon. Matheson, who is working on his master's in finance and economics at Middle Tennessee State University, had been a VP at SunTrust.
Pinnacle also has hired Liz Thomas in Lebanon as service specialist. She has 11 years of experience and joins Pinnacle from First Tennessee Bank, where she was an operations manager. Before that, she worked at Carolyn Miller State Farm Insurance and Wilson Bank & Trust.
Pinnacle runs four offices in Wilson and ranked second in deposit share as of mid-2013 with 13 percent of the market.
Officials with home builder Jones Company say they have wrapped up their acquisition of more than 150 acres on which they and peers from Drees Homes will build almost 250 houses ranging from 1,800 to 4,000 square feet. Actual construction on the Summerlyn neighborhood is expected to start later this year.
The Regional Transportation Authority has hired Parsons Brinckerhoff to look at how the transit options connecting Nashville to Clarksville could be improved. Among the options is a commuter rail line that would use existing tracks. Emily Luxen at NewsChannel 5 has more info.
Global auto parts manufacturer Magna International will spend $16 million to build its fifth Tennessee factory just north of General Motors' Spring Hill complex — which is getting two new models in the coming years — where it will build seat assemblies. The company, which also runs a plant in Columbia, plans to hire 357 people for Spring Hill over the next two years, with 75 workers to start. And it is moving quickly to get ready for GM: Its new 122,500-square-foot facility is expected to be up and running by January.
"This new facility demonstrates our commitment to GM in delivering high-quality products through our world-class manufacturing initiatives," said Mike Bisson, president of Magna Seating. "We are pleased to support our customer and look forward to potential growth opportunities."
Magna is one of the bigger names in the auto supplier sector. The company runs more than 60 manufacturing or assembly plants across the United States and employes more than 23,000 people.
Federal Deposit Insurance Corp. regulators in late July barred Art Helf, a co-founder and former chairman and CEO of Tennessee Commerce Bancorp, and Lamar Cox, who was at times chief administrative officer, CFO and COO at the failed bank, from holding any position of authority in a financial business under the agency's purview. Helf, on the left in our photo, and Cox are the second and third former execs of Tennessee Commerce to come under regulatory fire: Earlier this year, the FDIC said it was going after former CEO Mike Sapp for alleged breaches of his fiduciary duty. The orders against Helf and Cox, which were made public late last week, came after both men waived their right to a hearing on the FDIC's charges but neither admitted to nor denied those claims.
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