Franklin-based developer Boyle Investment Co. is targeting an office building and a Hampton Inn & Suites hotel structure for its mixed-used Berry Farms development, The Tennessean reports.
The 250,000-square-foot Class A office building (pictured here), to be called The Offices at Town Center, will be the 600-acre development’s first structure of its type. Construction could start this fall, according to the morning daily.
A fall groundbreaking also could be on tap for the 123-room Hampton, to be developed by Chartwell Hospitality. That entity recently finished it Hilton Garden Inn in SoBro.
The team behind Alabama-based Moe's Original Bar B Que has begun working on its second Middle Tennessee location, the downtown Franklin site formerly home to both a Copper Kettle outpost and Uncle Bud's Catfish Shack. The restaurant is expected to open its doors around Labor Day and be able to house 85 people inside and another 50 on a patio. Check out more info here.
Gateway Classic Cars — which bills itself as the world’s largest dealer of antique cars, exotic cars and race cars — is targeting an Aug. 15 opening for an indoor showroom in La Vergne.
The approximately 44,300-square-foot facility, with an address of 320 Tech Park Drive, will feature more than 100 vehicles and will be modeled after the company’s nine existing showrooms in St. Louis, Louisville, Chicago, Indianapolis, Detroit, Tampa, Houston, Fort Lauderdale and Orlando.
According to a release, Gateway Classic Cars is experiencing significant growth and has projected revenues of $42 million for 2015 and $60 million in 2016.
The company sells vehicles on a consignment basis for private entities, collectors and estates.
Upscale grocery chain The Fresh Market will open in Hendersonville’s Indian Lake development, Nashville Business Journal reports.
Brentwood is home to the Nashville area's only The Fresh Market.
The Fresh Market is a publicly traded company based in Greensboro, North Carolina. The company totaled about $1.32 billion in revenue in 2013.
Read more here.
Murfreesboro-based National HealthCare Corp. will break ground this week on a 112-bed skilled nursing center in Maury County.
The new Columbia facility is a joint venture between NHC and Maury Regional Medical Center and represents an $18 million investment. Last October, NHC began work on a similar facility in Bellevue. NHC Place at the Trace is expected to open next spring.
Shares of NHC (Ticker: NHC) were $62.80 Monday afternoon. Year to date, they're flat.
Commerce Union Bancshares officials have announced shares of the company started traded on the Nasdaq today:
“We are pleased to announce that Commerce Union Bancshares’ stock will begin trading on The Nasdaq Stock Market effective July 7th,” stated William R. DeBerry, Chairman and Chief Executive Officer. “We believe the Nasdaq listing will provide increased visibility for our company with investors and increased marketability of our shares for our stockholders.”
Commenting on the listing, DeVan Ard, President of Commerce Union stated, “The Nasdaq listing represents an important milestone in our combination of Commerce Union and Reliant banks. The merger strengthened our capital base, increased our lending limits, expanded the reach of our combined banks and improved our operating synergies. We believe the Nasdaq listing highlights our continued progress to build long-term shareholder value by combining our resources.”
Trading as CUBN, shares opened at $14.50.
Prominent regional business executive Gaylon Lawrence has agreed to buy F&M Bank in Clarksville, which has about $860 million in assets and last year produced $5.3 million in profits. Click here to read more at The Leaf-Chronicle courtesy of Jimmy Settle, who talked to an upbeat F&M President and CEO Sammy Stuard.
“Through this merger the bank stays fully intact in Clarksville, Tenn. There are going to be no changes in employment or anything,” Stuard said. “Actually, nothing changes except the owner. Our existing board of directors also stays intact, although there may be some additions to the board over time.
Lawrence also is a backer of Tennessee Bank & Trust in Williamson County and is helping John Eakin build his 1201 Demonbreun office tower in The Gulch.