The Murfreesboro City Council on Thursday approved plans for the $2.6 million sale of 12 acres adjoining Medical Center Parkway to developer Scott Graby, who plans to build The Fountains at Gateway office and retail park.
Graby hopes to close on his purchase this month and begin infrastructure site work in April. His project's $23 million first phase — a four-story, 100,000-square-foot office building as well as two retail buildings — is slated for completion in early 2016. The Hearthstone team also includes H. Michael Hindman Architects, Huddleston Steel Engineering and Roundtree and Associates in conjunction with Huddleston-Steele.
“We worked closely with the city to envision a development that would attract new jobs that currently don’t exist in Murfreesboro,” Graby said. “The Fountains at Gateway will provide small- and mid-sized professional companies high-end features and upscale aesthetics. This combined with the convenience of shops and restaurants that cater to the needs and desires of their employees bring an attractive corporate campus to the Gateway environment.”
Future phases will include a mirror image of the first buildings on the opposite side of a central boulevard and a single-tenant headquarters building of up to 180,000 square feet.
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 Rutherford County Industrial Development Board approved Monday $18 million in tax incentives for an unnamed company bringing 1,000 jobs to Smyrna.
The Daily News Journal reports that the manufacturing company will invest $100 million and create 1,000 jobs with an average wage of $38,000.
The incentive plan cuts property taxes for the company over a 20-year period and is expected to additionally create 1,672 indirect jobs.
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.
Global tile manufacturing conglomerate Gruppo Concorde will build its first U.S. factory on nearly 100 acres in Mt. Pleasant and hire 180 people to operate it. Concorde's UST Inc. division will invest about $80 million to build the 600,000-square-foot facility. Those numbers are up significantly from the $55 million and 500,000 square feet that were being discussed by Maury County officials more than a year ago.
“We have chosen Tennessee for a number of reasons, including the state’s vibrant and business-friendly environment and the warm and proactive welcome we have received from the local community in Maury County,” Gruppo Concorde Executive and UST Inc. President and CEO Federico Curioni said. “Tennessee is also very close to some of the most important raw material used in the tile industry, such as plastic clay and feldspar, which greatly benefits our production capabilities.”
The plant is expected to start production in the second half of 2016.
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