Real estate research firm Zillow's latest report on the Middle Tennessee housing market includes plenty of good news, especially for Williamson County homeowners. The company's price index for the Nashville MSA, which estimates the median value of all homes in the area, climbed 3.4 percent in the year ended June 30. Leading the way among local cities is Thompson's Station, where the median value has shot up almost 12 percent in the past 12 months. Franklin and Brentwood come in second and third with gains of 9.3 percent and 7 percent, respectively.
Those looking for more big local price gains are likely to be disappointed, however. Zillow's researchers expect the median home value to rise just 0.3 percent. Among the region's cities, Thompson's Station is expected to gain 3 percent by mid-2014. Franklin is the only other area forecast to see prices rise more than 2 percent. Check out the full list here.
Thompson's Station officials this week wrapped up their purchase of more than 100 acres of undeveloped land north of the city. The plan is to leave the property as is for now but to take a Central Park-like approach to its future development.
“The land lends itself to connectivity through pedestrian and bicycle trails, preservation of historic and natural assets — including a portion of the Civil War battlefield — equine and agricultural uses, and various other passive recreation opportunities,” he said. “There are a lot of possibilities here, a lot of avenues through which this property can help realize the town's broader parks and open space vision.”
Gresham Smith & Partners has been awarded the contract to design the first phase of a greenway for the Thompson's Station community in southern Williamson County. The 2.8-mile trail will run from the Tollgate Village development to Thompson's Station Park. The project is being funded by a Federal Highway Administration grant.
The Tennessean has details on plans by Mars Petcare to relocate its Cool Springs offices into a Thompson's Station campus that is planned to include five buildings and new R&D space. The pet food manufacturer, which moved to this area four years ago, looked for a new HQ site around the country. More than 600 jobs are set to make the move to southern Williamson County, across State Route 840 from Independence High School.
Representatives with Hastings Architectural Associates submitted a preliminary site plan Tuesday and hoped members of the town planning commission would be willing to consider a zone change from high intensity to a “specific plan” zoning.
Despite the late submittal, town officials noted that the company has been working for months with the town, as well as county and state officials, towards submitting these plans.
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