The developers of a 228-unit apartment complex in the Columbia Avenue corridor south of downtown Franklin got the green light Tuesday night from the city's aldermen. The planned project provoked much criticism from residents concerned about more traffic in the area ahead of the widening of Columbia but saw the aldermen vote 5-3 in favor of the project. In the end, Alderman Dana McLendon summed it up most succinctly.
"Nothing is no longer a choice," McLendon said. "The only way the City of Franklin can deliver on zero additional traffic is to buy the property, condemn it, and do nothing with it. We cannot make zoning decisions based on anecdotal or individual experience. They don't need zoning, they have zoning now. There could be a Waffle House or another taco stand. If I was going to open a Waffle House, Columbia Ave. would be very attractive to me. There's lots of traffic and lots of rooftops. If you want less traffic, you should ask us to pick the apartments. The speakers asked me to make a choice that is not available to me."
Federal Deposit Insurance Corp. regulators in late July barred Art Helf, a co-founder and former chairman and CEO of Tennessee Commerce Bancorp, and Lamar Cox, who was at times chief administrative officer, CFO and COO at the failed bank, from holding any position of authority in a financial business under the agency's purview. Helf, on the left in our photo, and Cox are the second and third former execs of Tennessee Commerce to come under regulatory fire: Earlier this year, the FDIC said it was going after former CEO Mike Sapp for alleged breaches of his fiduciary duty. The orders against Helf and Cox, which were made public late last week, came after both men waived their right to a hearing on the FDIC's charges but neither admitted to nor denied those claims.
Southern Care Inc. owner Richard Chavez has submitted plans to Franklin officials to build an assisted-living center behind the Williamson Square shopping center on Highway 96 in Franklin. The complex is planned to comprise 68 rooms as well as a row of townhomes. Michael Ackley has more at Franklin Homepage.
The new owners of the Franklin Marriott Cool Springs have brought on board Memphis-based Davidson Hotels & Resorts to manage the high-profile property and its adjacent publicly owned conference center. Crow Holdings Capital snapped up the 300-room hotel earlier this summer and plans to pump a lot of money into a comprehensive renovation of guests rooms and public spaces. The two companies have worked with each across the country for more than a decade.
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.
Read more here.
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.
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