A Houston-based company is hoping to develop a $60 million 406-unit apartment complex on six acres in Franklin, The Tennessean reports.
Meeks + Partners has the Nichol Mill Lane site under contract, according to the morning daily. The four-story building would include a 674-space parking deck and units renting in a range from about $900 to $2,500 a month, the paper reports.
City of Franklin approval will be needed.
Of note, Meeks + Partners owns Rutledge Hill property that has been linked to a proposed project called City Lights. The company, led by Don Meeks (pictured), was the architect for The Manning luxury condo mid-rise, which was planned for Woodmont Boulevard in the mid-2000s but failed to materialize.
Meeks + Partners also was to have served as the architect for what is now 909 Flats, which Lincoln Property Co. and MetLife Inc. are co-developing on a Hope Gardens site fronting Rosa Parks Boulevard in North Nashville. Niles Bolton Associates replaced Meeks as the architect for the project.
Colorado-based Maui Wowi franchise — which specializes in fruit smoothies and coffee grown in Hawaii — will open in the new Berry Farms development off Lewisburg Pike south of Franklin. This past August, the company opened its first Tennessee location in Mt. Juliet. The gourmet coffee blends include beans from four of the Hawaiian Islands: Kona, Molokai, Kauai, and Maui. The Nashville Scene has more here.
The Factory at Franklin is slated to host the inaugural Franklin Craft Beer Festival on Thursday, July 31. Organizer Matt Lowney wants to offer up to 30 micro-brewed beers at the event and hopes to draw between 400 and 500 attendees. Read more here.
Retailers in the CoolSprings Galleria rang up sales of $464 per square foot in 2013, which broke a record the mall set the year before. The 1.1 million-square-foot property ended the year fully leased for the fourth straight time but it's worth noting that growth has slowed: The $464 number was up just 1.1 percent from 2012. (On a CBL-wide basis, sales per square foot climbed 0.6 percent to $356.) That might help explain the flurry of activity since last summer from owner CBL & Associates, which has bought the former Sears store and secured both an American Girl store and a Belk expansion.
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