A Vanderbilt MBA graduate now residing in Florida has acquired Smyrna-based airplane systems company Carpenter Avionics. Mark Lee launched Momentum Aviation Holdings with the aim of buying aviation services companies. As part of his deal for Carpenter, Lee (pictured here) is retaining John DenDekker, who has been Carpenter's general manager since 2011.
“In life, a time comes when it feels appropriate to transition your business to the next generation,” said Fran Carpenter, who has served as CEO and President at Carpenter Avionics since 2010. “I am confident that with this new leadership team’s experience and vision, Carpenter Avionics will thrive and grow.”
Knoxville-based restaurant group Connor Concepts has signed up to build a 7,500-square-foot steak and seafood eatery in the wing being added to the CoolSprings Galleria. The restaurant will be able to host 350 people at a time and be close to where The Cheesecake Factory recently opened its doors on the west side of the mall. From WilliamsonSource:
The project, set to be completed by winter of 2015, just in time for the busy Christmas shopping season, and will be a part of the mall’s redevelopment. The restaurant will be built on the south west side of the center.
SEE ALSO: More on the Galleria's partial redevelopment, which includes the addition of H&M and American Girl
Franklin officials are scrambling to come up with a Plan B for the city's household recycling program after a new subcontractor to Williamson County — with which the city is partnering — said it needs to be paid 50 percent more to also handle the city's blue bags. From the Herald:
The unexpected increase resulted in the department rerouting hundreds of blue bags full of household recyclable materials to a temporary storage facility off Hillsboro Road, formerly used for the department’s operations.
The Board of Mayor and Alderman verbally gave Stuckey permission to begin working with Marshall County’s Solid Waste Department, pending the approval of the neighboring county’s board of commissioners.
Mt. Juliet commissioners last week voted to sell an eight-acre site north of interstate 40 to the team at Rockie Williams' Premier Dodge Chrysler Jeep. The Wilson Post reports that the auto dealers plan to build a new facility on the site but keep their used-car operation on West Main Street in Lebanon.
According to Mt. Juliet City Manager Kenneth Martin, the property sold for $1 million, but the city gave the dealership $500,000 in incentives to locate in Mt. Juliet because the property "had so much work to be done on it, site work."
Martin said the deal is a win-win situation. "Think of the tax dollars this will bring to the city," he said.
Brentwood officials have picked Texas-based software company Tyler Technologies to supply the city's police and court management software. Publicly traded Tyler (Ticker: TYL), which works with 11,000 government offices across the United States and overseas, has annual revenues of almost $500 million.
Atlanta-based North American Properties is targeting a mid-February closing on the acquisition of Cool Springs property on which it plans to develop a 363-unit luxury apartment project.
Richard Munger, North American Properties, partner and vice president of development, said the company has the site under contract with owners Alan Revelette and Sunil Patel. Don Meeks, founder of Texas-based Meeks + Partners, previously had the site under contract but assigned his rights to acquire to NAP. If the project materializes, Meeks + Partners will be the architect of record, Munger said.
“This will be a quasi-urban development,” Munger (pictured at right) said, noting the project will offer structured parking (as opposed to the suburban model of surface lots) and some respectable building density. The development, for which a name has yet to be announced, will feature one- and two-bedroom luxury apartments and many of the amenities found at NAP’s eight-story 200-unit Park Central building located on 25th Avenue North in the West End corridor.
The Franklin Planning Commission has approved a rezoning of the six-acre site located on Nichol Mill Lane across from Academy Sports and next to Heritage Medical Associates. The Franklin Board of Alderman must now OK the rezoning on three readings. See the site — the large green space — here in an image courtesy of Google Maps.
POSTDATA: WARRANTY DEEDS