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.
Charlotte-based Crescent Communities has begun preleasing at Crescent Cool Springs, a 252-unit luxury apartment community located at the intersection of Carothers and Resource parkways in Franklin.
The 13-acre community includes a selection of attached garages, sidewalks and walking and biking trails.
Fifth Third Bank provided construction financing, with Summit Contractors serving as the general contractor. Historical Concepts provided concept design; Cline Design, architecture; Littlejohn Engineering, civil engineering; and Vignette Interior Design, interior design.
“When Crescent Cool Springs opens this summer, it will give residents the balance they crave — short commutes to work, ways to connect with friends and easy access to everything they like to do,” said Ben Collins, vice president of the Carolinas and Tennessee for Crescent Communities’ multifamily group.
Crescent Communities is also planning a 280-unit luxury apartment and retail building to be located on Division Street between The Gulch and the Music Row Roundabout. It would be Crescent’s first project located within Nashville’s urban core.
Preservationists and Franklin officials gathered Tuesday with Franklin residents Reid and Brenda Lovell to sign a $2.8 million contract that will have the Lovells' property located just south of The Carter House on Columbia Avenue become part of the protected battlefield lands. Franklin Homepage has a lot more info.
The contract allows Franklin’s Charge and the Battle of Franklin Trust one year to raise the necessary funds to complete the transaction. This acquisition brings a total of 20 acres in downtown Franklin that have been saved as Civil War battlefield sites. They collectively represent one of the largest urban public Civil War attractions in the nation.
Pie Five Pizza, a Texas-based chain in the middle of a national growth spurt, has named the spots for its first two Nashville-area restaurants. Dana Kopp Franklin reports that the company will this summer open the doors to eateries on Cool Springs Boulevard and Lebanon Pike. Pie Five is a division of publicly traded Pizza Inn Holdings, which is on pace to ring up more than $40 million in sales this fiscal year but is still looking to turn a profit.
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