Developers of the $80 million Harpeth Square mixed-use project slated for downtown Franklin are set to begin demolition work on the site within the next 30 days, according to The Tennessean.
Three empty buildings are expected to soon be razed to make way on the five-acre site for a planned 120-room hotel, shops and luxury apartments, the morning daily reports.
The Harpeth Square property is bordered by Main and Bridge streets and by First and Second avenues on the north end of downtown Franklin.
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The Tennessee Housing Development Agency has selected the Franklin Housing Authority to receive $10.5 million in tax credits that will be the financial cornerstone of a 65-unit housing development near the Williamson County Library.
Construction is expected to start late this year and be completed about a year later. The single-family houses and townhomes will complement a senior housing building completed last year and are part of a large-scale plan to rejuvenate and grow the hundreds of housing units under the Franklin Housing Authority's umbrella.
Ashley Capital has purchased Whirlpool’s former manufacturing facility in La Vergne for $4.65 million.
It is the real estate investment company’s first acquisition in the Nashville area, according to The Tennessean.
Ashley will seek manufacturing and distribution tenants for the building, located at 1714 Heil Quaker Blvd. After renovations, the building will have 775,000 square feet of space available for lease. Three short-term tenants currently occupy about 100,000 square feet in the building, which sits on almost 53 acres, the newspaper reports.
Ashley’s strategy is to create value by acquiring and developing under-performing industrial and office properties, developing and managing new business parks, helping corporations reposition their real estate holdings and advising clients on asset enhancement, according to the company’s website.
The New York-based company was founded in 1984 and has offices in Atlanta; Chicago; Detroit; Grand Rapids, Michigan; and Norfolk, Virginia. It has about 22 million square feet of space in its portfolio, the website notes.
Whirlpool announced in January 2008 that it was closing its refrigerator factory in La Vergne, cutting 500 jobs and moving the work to a plant in Fort Smith, Arkansas.
Pinnacle Financial Partners has added Kim A. Boone as a senior vice president and trust services advisor at its financial center in Murfreesboro.
Boone has 30 years of financial services experience, spending the last 12 years at First Farmers and Merchants Bank in Columbia. She served as a senior personal trust officer in her most recent role.
Boone earned both a bachelor’s and a master’s degree in business administration from Mississippi College. She is also a graduate of the Southern Trust School.
“Kim’s extensive trust experience and industry involvement will be a tremendous asset to Pinnacle,” Robert Newman, trust services manager for Nashville-based Pinnacle, said in a release.
NorthPoint Development Corp. hopes to build facilities in Spring Hill for two companies that would supply parts for the General Motors plant in Spring Hill and bring more than 400 jobs to Middle Tennessee, according to The Tennessean.
The developer wants to purchase 162 acres of farmland on Beechcroft Road in Maury County. If all goes as planned, construction would begin later this year.
The two companies, which the developer did not name, currently supply parts to GM’s Spring Hill plant from their facilities in Michigan and Ohio and could substantially reduce their costs by locating their operations closer. The companies will request economic incentives from the state, the morning newspaper reported.
NorthPoint plans to build five buildings totaling more than 1 million square feet and lease them to the two auto parts suppliers.
Last August, GM announced it was making a $350 million investment in the Spring Hill facility that will create or retain 1,800 jobs.
Agero Inc., a Massachusetts-based company that markets roadside assistance and safety services, plans to add more than 100 people to its Clarksville call center. The company will hire its new employees throughout this year at the facility, which opened almost two years ago. Agero officials say they're also hiring for their Florida, Arizona and Ontario operations.
MissionPoint, Saint Thomas Health's accountable care organization, announced today it has been awarded a $80,000 grant from the Clarksville-Montgomery County Community Health Foundation to launch a chronic disease management program.
The pilot program will serve 400 uninsured patients living with diabetes in Montgomery County and Fort Campbell.
"We are very excited for the work that this grant will allow us to do in the Montgomery County area," Jason Dinger, MissionPoint CEO, said in a release. "Through this grant, we will continue our mission of serving some of the most vulnerable in our community.
Dinger said the funding would pay for case management services for patients, with the goal of helping them better manage their diabetes.
"We selected MissionPoint as the recipient of this grant because of their commitment to the health and wellness of the uninsured, as well as their proven track record of improving community health, reducing costs, increasing access and enhancing the patient experience," said Joey Smith, board member of the Clarksville-Montgomery County Community Health Foundation.