City of Berry Hill officials are hoping the Franklin Pike site home last home to a Colonial Bakery Co. facility will be reinvented with a retail component.
Joe Baker, Berry Hill city manager, said the satellite city has been in contact with area business owners and residents, with the consensus that a new building should include retail.
“Recent development has been heavily geared toward residential,” Baker (pictured) said. “We would like to see a retail component to future developments. The area is kind of underserved with retail development.”
Baker said for the Colonial site, located at 2407 Franklin Pike, Berry Hill officials would be pleased with a building featuring retail and/or office and/or residential. The site, owned by Bimbo Bakeries USA, is located partially in Berry Hill (fronting Franklin Pike) and partially in Metro Nashville. The bakery ceased production in January, with distribution having recently concluded.
The Memphis office of Colliers International and the Nashville office of Actio Corporate Asset Advisors are representing Bimbo. The property is not yet on the market.
“The owner of the property is in the process of evaluating the site to determine its future usage,” said Preston Thomas, a Memphis-based broker with Colliers.
Baker said he does not anticipate the building being spared if it sells. He said current zoning would allows retail, office and residential. The Berry Hill development code that took effect in early 2010 shows Franklin Pike suitable as a retail and entertainment district.
“This fits into the Metro subarea plan that seeks more density along the main corridors of Nashville,” Baker said.
Bimbo Bakeries USA, the nation’s largest bakery company, is the U.S. corporate arm of Mexico-based Grupo Bimbo, which generated $13.78 billion in sales in 2013.