The Commercial Appeal by Corey Davis

April 7, 2025

More new housing is being planned for a major mixed-use development in Collierville.  A preliminary site plan for 246 multi-family residential units at the Water Tower District at Schilling Farms were approved by a 4-1 vote by the Collierville Planning Commission on Thursday.  Charles Green cast the dissenting vote, while Alderman John Stamps, who serves as the Collierville Board of Mayor and Aldermen liaison on the planning commission, recused himself.  The units will be on 13.13 acres as part of Phase 2 of the Water Tower District at Schilling Farms, which is located on the west side of Schilling Boulevard West and south of Poplar Avenue.

What will be included in phase 2 of the Water Tower District at Schilling Farms?

The 246 apartment units will consist of 132 one-bedroom units, 58 two-bedroom units and 56 three-bedroom units.  Amenities will include a clubhouse, mail room, storage room and bike storage.  In addition, the phase will also include a dog park located at the southwest corner of the lot, a community pool and two lawn areas.  There is not any proposed retail space in Phase 2 unlike Phase 1 of the Water Tower District, according to staff reports.   Additionally, there are 508 parking spaces proposed throughout the development, including surface parking, street parking, detached/attached garages, Americans with Disabilities Act-compliant spaces and electric vehicle parking spaces.

What’s next for Phase 2 of the Water District at Schilling Farms?

Plans for Phase 2 of the Water Tower District at Schilling Farms will go in front of the Design Review Commission on April 10 and then be on the Collierville Board of Aldermen agenda on April 28.

How many residential units will Water Tower District include?

Phases 1 and 2 at the Water Tower District will include a combined 505 residential units.  Phase 1 of the Water Tower District was approved in 2021 by the Collierville Board of Aldermen and is under construction. The first phase consists of 259 residential units and 2,193 square feet of retail space on 14.83 acres.  The two phases will bring the total multifamily units within the Schilling Farms Planned Development to 1,685 units, which is 40 units below the maximum allowable of 1,725 units, according to staff reports.  The Schilling Farms Planned Development was approved by the Collierville Board of Mayor and Aldermen in 1991 with amendments in 1995, 1997, and 2009.

 

 

 

 

 

 

Collierville Magazine

By Catherine Eakin & David Tankersly

Family is the name of the game for three local developers and real estate professionals:  Allen Green of John Green Realtors, Karen and Reggie Garner, Jr. of Magnolia Homes, and Gary Thompson of Boyle Investment Company.  They all work for companies that see employees and clients as part of their extended family, and they understand that families are the fabric of strong communities. It’s what Collierville is all about.  From a best-in-class school system, notable public safety services, and a deep well of amenities like parks, a modern hospital, plentiful restaurants and shopping, families have always been an inherent part of the Collierville story.

On the commercial side of development, the increased mixed-use construction in the Schilling Farms area is both impressive and encouraging.  For an expert perspective on this development, look no further than Gary Thompson of Boyle Investment Company.  After obtaining his degree in landscape architecture and a brief period of consulting roles, Thompson started full-time with Boyle in 1995.  It’s been a successful relationship ever since.

Boyle is proud of the reputation they’ve built as one of the premier commercial and residential development firms in the area.  They consistently look to construct long-lasting buildings for their clients and in the process establish sound business relationships.  Their motto, “Building Communities Since 1933” is fitting.

Thompson embraces the idea of building communities.  He and Boyle have been involved in the development of Schilling Farms since the early 1990s.  Thompson adds, “It was a period that saw Collierville become one of the fastest-growing communities in Tennessee.  The steady growth of the area has been great for Boyle and the diverse group of companies that are now located at Schilling Farms.  Mueller Industries has found a home there, as has IMC Logistics, who moved their world headquarters there in 2022.  SOB (South of Beale Restaurant), Rotolos, and Crumbl Cookies are all part of their new development at Poplar and Schilling Farms.  Boyle continues to pursue new home, dining and shopping sites within Schilling Farms.

“Mixed-use developments permit us to do some really cool stuff that is supported by this walkable community,” Thompson says.  “you can pick up your kid from daycare and run them across the street to the orthodontist, then return them to daycare or take them home.  It’s sort of a one-stop shop.  It functions really, really well.” It’s an ideal layout for families, having most amenities located within a quick drive or comfortable walk, and it’s a concept that will find an expanded use in Collierville.

“#1 Ice Cream on the Planet” to Celebrate Franklin Location with Giveaways, Ribbon-Cutting

We’ll all scream for ice cream as Handel’s Homemade Ice Cream opens its first location in Franklin with a series of fun events on Thursday, Oct. 24, 2024, at the popular Meridian Cool Springs development just off Carothers Parkway.

The Grand Opening celebration starts at noon at 990 Meridian Boulevard in Franklin. The day will be filled with special promotions and giveaways as patrons enjoy Handel’s wide variety of hand-crafted ice cream flavors. The first 50 people in line will receive a $100 gift card.

On Friday, Oct. 25, Williamson Inc. will hold a ribbon-cutting ceremony at noon to officially welcome Handel’s to the Franklin community.

“I can’t wait to introduce Handel’s to Franklin residents,” said Matt Higgins, owner of Handel’s Ice Cream Cool Springs. “With more than 48 flavors offered daily and 140-plus rotating seasonal flavors, there is truly something for everyone to enjoy.”

Complete with a walk-up window for customers, Handel’s will reside in the jewel box building on Meridian Cools Springs’ recently completed The Green, which sits near the corner of Carothers and Meridian Blvd. The ice cream shop will feature a stunning mural honoring the city of Franklin by renowned muralist Eric “Mobe” Bass (@mobeoner). The mural continues an unofficial collaboration between Boyle Investment Company (developers of Meridian Cool Springs) and Mobe, whose work can be found at multiple Boyle-owned properties in and around Nashville.

A 5,000-square-foot public green space with comfortable outdoor seating will connect Handel’s to Little Hats Italian Market, a Germantown-based eatery set to open its first Franklin location in Meridian Cool Springs this winter. The highly accessible, mixed-use district welcomes working professionals, visitors and area residents to step outside and enjoy all that Meridian Cool Springs has to offer.

“Handel’s grand opening represents the continued growth and diversity of retail and restaurant offerings at Meridian Cool Springs,” said Mark Traylor, Director of Retail at Boyle. “We’re proud to play a role in bringing a nearly 80 year old beloved brand to Franklin. We look forward to seeing the community enjoy all that wonderful Handel’s ice cream in a relaxing and beautiful park setting.”

To be the first to know about upcoming openings and exciting offers, follow Meridian Cool Springs on Instagram.

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Press

• • Williamson County Source
  • Williamson Herald
  • The Tennessean

 

The Daily Memphian

By Jane Roberts

 

Across the city, rent is either nearly flat or dropping as much as 10% as occupancy rates, close to 100% in early 2022, now hover around 92%.

There are bubbles of exception everywhere, but in Midtown, Collierville and Downtown, new apartment complexes are adding competition.

In Downtown, the 210-unit The Oliver will open in September. The building is well into the leasing phase now.

In some cases, occupancies in the core of the Downtown district are as low as 85%, although those tend to be on Main Street and not at South Junction, for instance, which Henry Turley Co. developed, starting in 2014. It now has a pandemic-level occupancy of 97%.

But in July, a one-bedroom at 628 Stratton Circle, off Florida Street, rented for $1,390. In August, a new tenant got it for more than 10% less.

“For us, our goal is to make sure we do everything we can to bring more people Downtown,” said Alex Turley, CEO. “To continue to promote Downtown, to live, work, play, stay — everything. That’s our goal as a company.”

Benjamin Orgel is more direct. His company, Tower Ventures, redeveloped the massive Tennessee Brewery and, this summer, began leasing the 292-unit Harbor Side, opening in December, part of the 65-acre Snuff District on Downtown’s north side.

“Obviously, we have a lot of units Downtown, and we can’t always be at the top of the market,” Orgel said. “The stock market doesn’t set a new record every day.

“Are we at our all-time high of rents and occupancy today? No.”

But, as a company, Tower has outperformed both its seven- and two-year projections on rents in the Snuff District, the mixed-use development it started in 2016, he said.

“Do I wish our occupancy was at 100% today? I do,” Orgel said. “But you can’t be at the top every day and every year.”

The Memphis metro area is set to complete 1,267 rental units in 2024, a record year for apartment construction across the country, according to RentCafe blog’s Apartment Construction Report, released Aug. 29. In the next five years, it projects 5,161 new units will be delivered here, 21% fewer than the 6,552 that opened from 2019-2023.

Higher borrowing costs are taking a toll, prompting developers to adjust their strategy, which means they may focus on lower-risk projects or shift to markets with strong demand and job growth, said Doug Ressler, senior analyst at Yardi Matrix.

“In places like Texas, for instance, the demand for apartments remains robust due to factors like corporate migration and high home prices,” he said.

Rent is pure economics, but it’s personal

The rental market has always reflected a mix of economic factors, including interest rates, high enough now at 6.55% to keep many people from buying a home. For younger renters, many of whom are paying college loans, buying a house means having enough extra for a down payment.

“Those are hard things to crack when you don’t have a lot of income, and you’re just getting on your feet wet out of college,” said Les Binkley, vice president at Boyle Investment Co.

But the market is also awash in new social patterns, including empty-nesters and people, young and older, renting by choice because they don’t want their nest eggs tied up in housing.

“Not everybody wants to have a quarter-acre lot and do the lawn and have a house and do the upkeep,” Binkley said. “There’s a certain aspect of apartment living that has become a luxury because you can avoid all that.”

Beginning in 2020, rents rose 3% to 5% a year for people in a current lease. But for those who were looking for new places, sometimes in the same complex, prices on similarly sized units often were $300 or $400 more expensive, a direct result of the demand the pandemic created.

“COVID actually ended up being a boost for both the apartment industry and the for-sale housing industry because people basically weren’t moving,” said Mark Fogelman, president of Fogelman, a multi-family real estate company with properties in 13 states.

“In the last 12 months, we’ve definitely seen a drop off in occupancies, down approximately 2%. And rental pricing is anywhere from flat to down 5%, based upon location,” he said.

Fogelman manages 23 properties, close to 5,000 units across nearly every market in Shelby County. Rents now range from $700 for a studio to more than $4,000 for a high-end, three-bedroom unit.

“But, we can’t really say we suddenly have a surplus because occupancy rates are still quite high,” Fogelman said.

The market, he said, is finding its balance after the pandemic. Tennessee, a red state, had a measurable uptick in the number of people migrating from states with more restrictive COVID policies.

“We operate apartments throughout the Sun Belt, which really is everything from the Carolinas all the way around to Texas,” Fogelman said. “We saw double the typical number of out-of-state transfers.”

And, based on what Fogelman sees in the company’s turnover rate, many of those new residents stayed.

“I’d say, 55% to 60% of our tenants are renewing today, and it was probably in the low 50s up until a couple of years ago,” he said.

Rents did increase, and substantially, from the start of the pandemic, for people who did not have leases.

It happened for a variety of reasons, including that some local landlords sold their properties to national companies when the COVID rent moratorium forbade them from evicting tenants who didn’t pay.

That restriction lasted a year.

“Those companies came in and applied their national rates here,” said Mary Hamlett, vice president of family programs at MIFA. “Whether Memphis can perform at that level or not, that is their model.”

A WalletHub study released in July ranked Memphis dead last for best cities to rent on a list of 182 cities. The largest reason was cost, said Cassandra Happe, a consumer finance expert on its staff.

“Memphis ranked 168th for affordability,” she said. “That’s in the bottom 25% of the nation.”

WalletHub uses fair-market rent rates to measure affordability, the same rates housing assistance programs use to determine standard payments.

HUD sets the fair market rate on properties that are 10% below the median rate and reflect stays of more than two years, as a way of showing what the conditions are in any market at one time.

From 2022 to 2024, fair-market rent in Memphis for a two-bedroom, plus utilities, rose more than 19% a year, according to WalletHub’s analysis. Nationally, the annual average increase was 12.33%.

“Pre-COVID, we saw rental rates for two-bedroom apartments go from $950 to $1,300 and above for modest to nice rentals,” Hamlett said.

That, she points out, is nearly a 37% increase. The same rates for one bedroom increased by nearly 45%.

“People’s incomes didn’t go up like that,” she said.

“Job layoffs and workplace closings are a big part of it,” Hamlett said. “The other part is the price of everything is increasing all at once, but especially rent.

“We used to have almost no applicants from the suburbs, and now Cordova, Arlington and Millington are taking up a big slice of people getting assistance,” she said.

“So, it’s hitting that lower middle and the working upper.”

And for the first six months of this year, for the first time anyone at MIFA can remember, the agency began receiving more requests for rental assistance than it did for utilities. When the fiscal year ended June 30, rent requests had eclipsed utility requests, 9,810 to 6,750.

She can think of 12 local landlords who sold to national firms like DIWY homes and Progressive Rentals.

“We used to be able to rehouse people with a lower amount than what the fair market rate allowed us to do because we had rental rates that were low,” Hamlett said. “Now, we’re more on par with national averages.”

Rents in Memphis are still “much, much lower” than Nashville, Atlanta and Charlotte on an absolute basis and per-foot basis, said Jimmy Ringel, a partner in Makowsky, Ringel Greenberg Multi-family and Commercial Real Estate.

Wouldn’t happen without incentives

In the City of Memphis, which has the highest tax rate of any city in the state, not one of the apartment complexes that has sprung up in the last three decades would have happened without tax incentives, he said.

In 2016, the Center City Revenue Finance Corp., an arm of the Downtown Memphis Commission, modified its PILOT policy to include smaller projects outside the Central Business Improvement District.

“The policy change made smaller projects eligible for CCRFC PILOTs, and was helpful for Midtown, providing support for projects that would not have happened otherwise,” said Brett Roler, chief operating officer at the DMC.

It paved the way for The Citizen, Orleans Station, the Lofts @ Overton and the other multi-family projects that sprung up between Downtown and the Parkways.

“The point we made to the administration, eight to nine to 10 years ago was, the same situation applied to Midtown that applied to Downtown,” Ringel said.

“You couldn’t afford to build anything Midtown either. And the point we made to the city was that while Downtown needed to be vibrant, and we understood that, you want an economically thriving Midtown area too.”

At Orleans Station, built to provide student housing for University of Tennessee students, rents for one- and two-bedroom units are $1,250 and $1,875. The Citizen ranges from $1,475-$2,260.

Paying for peace, privacy

Sumi Montgomery has a master’s degree, a job she loves and a frightening rental history. Three times in one weekend, an intruder got into the duplex she was renting off Union Avenue and Hollywood Street, the first time breaking in and stealing her spare key.

He then came back, letting himself in until management changed the lock.

It took her three months to find safer housing she could afford. And in her case, the word afford may be relative.

Montgomery pays more than 52% of her income to live at The Arbors Harbor Town — a 30-plus-year-old property tucked in on the island’s south side. Her one-bedroom is $1,357 a month, plus about $100 in utilities.

At 31, she had to have a family friend co-sign her 15-month lease because The Arbors — like nearly every modern apartment complex in the city — requires tenants’ income be at least three times the cost of rent.

For Montgomery, the cost of paying half her salary for housing is the price of feeling safe and not having to have a roommate.

For spending money, she hustles a side gig, taking care of pets.

“I want to stay here as long as I can,” she said. “But, I was just talking to another pet sitter who has been at The Arbors for two years. She is getting ready to move because they keep upping the price.”

It took her three months to find safer housing she could afford. And in her case, the word afford may be relative.

Montgomery pays more than 52% of her income to live at The Arbors Harbor Town — a 30-plus-year-old property tucked in on the island’s south side. Her one-bedroom is $1,357 a month, plus about $100 in utilities.

At 31, she had to have a family friend co-sign her 15-month lease because The Arbors — like nearly every modern apartment complex in the city — requires tenants’ income be at least three times the cost of rent.

For Montgomery, the cost of paying half her salary for housing is the price of feeling safe and not having to have a roommate.

For spending money, she hustles a side gig, taking care of pets.

“I want to stay here as long as I can,” she said. “But, I was just talking to another pet sitter who has been at The Arbors for two years. She is getting ready to move because they keep upping the price.”

When Velma Zahirovic-Herbert, the Martha and Robert Fogelman Chair in Sustainable Real Estate at the University of Memphis, moved to Memphis in 2021, there was little residential property for sale.

She and her husband decided to temporarily rent a condo.

They’ve upgraded several times and now rarely think about buying a home.

“We quite enjoy being the renters,” she said.

“Home prices have been going up ever since we came to Memphis, and the interest rates were high. … To be honest, after selling our home where we lived before, we thought it was just fine to keep those dollars available for other investments, rather than turn them into housing.”

That means for the first time in 30 years, everyone in her family is renting, including her children in San Francisco.

“I’m not surprised this is a trend,” she said. “I think it’s provided my husband and me a lifestyle flexibility we did not think would be achievable if we were homeowners. The development is amenity-rich. We don’t have to worry about gym access, pool access, trash, valet or anything else. It’s 24-hour concierge service. It’s really what we call easy living.”

Singles now prefer to live alone

Families still want two- and three-bedroom units, and there are plenty of them available, Binkley said, but at the Water Tower District in Collierville, Boyle is building an array of one-bedroom-plus floor plans — with a den or half bath or a space to work from home — to cater to surging market of renters who want to live alone.

“People who are single are less likely now to roommate up with others,” Binkley said.

On the younger end, they’re often recent college graduates used to living in the amenity-rich complexes on campus.

“They have already been conditioned to want resort-style amenities and programming and the type of products they leased in college,” Binkley said.

“The whole arms race has changed,” he said with a chuckle. “Their parents were paying for it in college, but there are a lot of parents still supporting their children when they get out into the workforce. That’s not uncommon.”

But there also are people whose incomes dropped in the pandemic or due to unforeseen life changes. That has forced them to live with family or in rental housing later in life.

Kevin Davidson was coaching at Bartlett High after the pandemic. He now drives routes for Pepsi and, for four years, has had a year-to-year lease on North Parkway near St. Jude Children’s Research Hospital. He currently pays $900 to live alone, $200 more than he was paying to live with a roommate in the South Main District several years ago.

“I’m 35,” he said, while waiting for a pickup food order at Huey’s in Midtown. “I don’t feel like I should have to have a roommate.”

He expects living closer to his job in Collierville would cost $500-$600 more a month, which would mean finding a better-paying job and starting over in some ways.

“I’m probably going to move somewhere else. My lease is up in December,” he said. “I plan to start looking in September.”

Cole Johnson from WTVF’s Talk of the Town checks out our McEwen Northside development in Franklin, TN. McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 745,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 310-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

 

 

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ABOUT THE DEVELOPMENT

McEwen Northside

McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 750,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

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Press

• News Channel 5

The McEwen Northside community is celebrating a construction milestone with the topping out of the district’s latest addition, Block E, a 300,000-square-foot, $125 million project at the popular mixed-use district.

A community celebration was held on Thursday, July 18, 2024, marking the completion of the structural phase of the nine-story building. Those who live, work, and play at the 45-acre urban district in the heart of Cool Springs celebrated the building’s tremendous progress alongside Boyle Investment Company, Northwood Investors, Northwood Ravin and their construction partners. Community members were invited to sign the building’s final construction beam before enjoying an ice cream and toppings bar.

“This new building plays a crucial role in our vision to cement McEwen Northside’s position as the leading mixed-use district in Williamson County,” said Phil Fawcett, Boyle Managing Partner. “With Block E, the district will reach 80% completion, and we’re thrilled to introduce the community to the diverse office tenants and exciting dining and retail additions that will call this state-of-the-art structure home.”

Adjacent to McEwen Northside’s iconic Central Park, Block E features dynamic office spaces above sought-after retail storefronts and eateries on the ground floor. Popular upscale clothier Oak Hall, nationally recognized architects TMPartners and leading supply chain company Designed Conveyor Systems have previously been announced as tenants. A multi-level parking garage connected to the amenity-rich building via a covered walkway will provide more than 900 free parking spaces for visitors and employees.

Boyle Investment Company, Northwood Investors, and Northwood Ravin are partnering with Northwestern Mutual, TMPartners, Kimley-Horn and Hoar Construction to make the large-scale project a reality.

“We’re committed to providing the premier office experience in Williamson County,” said Thomas McDaniel, Director of Office Properties for Boyle. “Block E helps us accomplish just that, while adding amenities and services that enhance this one-of-kind destination in Cool Springs for all community members.”

Block E’s topping out comes at a time of continued growth for McEwen Northside. Blue Sushi Sake Grill and leading laser facial destination Skin Laundry opened locations in the district this spring. Fine jewelry store Finks, designer eyewear brand Warby Parker and group fitness gym Rumble Boxing joined the district at the end of 2023.

Block E is expected to be complete by Spring 2025. To be the first to know about the multi-use building’s grand opening date and exciting things happening at McEwen Northside, follow us on Instagram or visit mcewennorthside.com.

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ABOUT THE DEVELOPMENT

McEwen Northside

McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 750,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

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Press

• FranklinIs

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.

 

Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall.

“Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our community,” Gallatin Mayor Paige Brown said in a news release. “Recognizing a shared vision among residents and city leaders to build up instead of out, we aim to revitalize and reinvest in our city’s core.”

Plans for the proposed development, which will take over two city-owned blocks, includes a “major brand” hotel, residential units, open green spaces and retail and restaurant space.

The project is expected to generate over $40 million in property tax revenue over 20 years and have a $261 million economic impact during its construction phase. It is also expected to create more than 300 permanent jobs in the city.

“Citizens and city leaders have asked for years that we focus on revitalizing our downtown — and that is exactly what we’re proposing,” Rosemary Bates, interim executive director of Gallatin Economic Development Agency, said in a release. “We owe it to our citizens and future generations to explore a project of this magnitude — a project that will leave a lasting legacy of progress and prosperity in Gallatin.”

Memphis-based Boyle Investment Co. opened its Nashville office in 2001, and has experienced tremendous growth in the past 20 years, now owning and managing almost 4 million square feet of office and retail space, as well as a projected five million square feet in the development and planning stages.

Boyle is responsible for many major Middle Tennessee developments including Berry Farms, McEwen Northside, Meridian Cool Springs and Capitol View.

“This collaboration is deeply personal for me since I have close family ties to the city and much of my family has called Gallatin home for generations. I want this development to reflect the spirit of the city that my family continues to cherish,” Jeff Haynes, managing partner at Boyle, said in the release. “As Gallatin grows, we’re honored to partner with the city to provide public spaces where people can connect, build community and continue to be the best neighbors they can be.”

Boyle has proposed a conceptual site plan, but the city will conduct multiple site and parking studies before the project is approved. The study is anticipated to take up to a year to complete.

A proposed memorandum of understanding that allows Gallatin to conduct a feasibility study with Boyle will go before the Gallatin City Council for approval on March 12.

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Press

• Bizjournals
• NashvillePost
• Connectcre

The expansive McEwen Northside development in Franklin is ready to welcome first move-ins to its newest residential building. In this latest phase of development, McEwen Northside will introduce an impressive addition of 428 homes to the vibrant community. These residences encompass a variety of layouts, including studios, one-bedroom, two-bedroom, and three-bedroom apartments available for rent.

The newest phase of apartments offers two finish options, modern and premium. The thoughtful interior design of the modern apartment homes features 10-foot ceilings, oversized windows and balconies, built-in wine storage, and floor-to-ceiling shaker cabinetry with quartz countertops and under cabinet task lighting complemented by glazed white tile backsplashes. Residents will enjoy the luxurious vinyl wide-plank flooring, high-arc gooseneck faucets with pull-out sprayers, and stainless-steel Energy-Star appliances and digitally programmable thermostats. These custom home quality apartments also feature oversized porcelain tile surround showers with rain showerheads, with select homes even offering dual-head showers, Euro baths and Roman soaking tubs. Our premium finish package features chef inspired kitchens with a flat glass cooktop, electric vent hood and wall oven as well as spring loaded high arc pull down kitchen faucet.

All residents of McEwen Northside Apartments will enjoy access to Franklin’s largest set of amenities with over 23,000 sqft of options throughout the community. The new facilities beautifully complement those from Phase I and include a two-story state-of-the-art fitness center and an interior-putting green to cater to residents’ exercise needs. An on-site concierge will be available to assist with any questions or tasks residents may have including reservations for our onsite private dining area. Moreover, an on-site barista will provide complimentary custom coffee for all residents. The apartment homes frame an enormous courtyard featuring a resort-style, zero-entry pool, a sand volleyball court, a community amphitheater, a beer garden and sweeping views of the hills for gorgeous sunsets.

McEwen Northside has quickly become one of the most sought-after communities in the Franklin area, thanks to its exceptional features and amenities.

McEwen Northside is home to leading businesses including Mitsubishi Motors North American Headquarters, Williamson, Inc., and OMNIA Partners. Other local favorites and first-to-market restaurants and retailers include Aesthetic + Wellness, Club Pilates, Condado Tacos, Fink’s Jewelers, Jeni’s Ice Cream, North Italia, Perry’s Steakhouse, Scissors and Scotch, Vintage Vine 100, and Neighbors Bar and Grill.

Located adjacent to the McEwen/I-65 Interchange in Franklin, Tenn., McEwen Northside is a mixed-use district in the center of Cool Springs. The development features 750,000 square feet of office space, 113,000 square feet of restaurants and specialty retail, two hotels that total 310 keys, McEwen Northside apartments with 770 luxury units, and beautifully designed green spaces.

Stay updated on tours, availability, and what’s to come by visiting our website at LiveMcewenNorthside.

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About The Development

MCEWEN NORTHSIDE

McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 750,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

McEwen Northside is located in the core of the compelling Cool Springs submarket and regional retail hub. Cool Springs, a business district within the City of Franklin, is considered one of the most desirable suburban locations in the state because of the strong business climate and wide range of restaurants and retail choices.

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Press

• FranklinIs.com
• Williamson Herald
• Williamson Source

First National Bank of Middle Tennessee has announced that it will soon be opening its first full-service location in Williamson County. This expansion will add another vibrant community to the list of counties served by the Bank.

“We are looking forward to being part of the Williamson County market and serve the community the same way we have served our other markets and communities since 1874,” Pieter Van Vuuren, the Bank’s president and CEO, said in a press release. “Our board of directors believes that we have the right people to be successful in this expansion.

“We know that we have to prove ourselves in any new market; however, our Bank has been serving communities for 149 years and we believe strongly that what our Bank has to offer will be very well accepted by the Williamson County community.”

The Bank started its expansion in 2011 into Murfreesboro and then opened offices in Shelbyville and Nashville thereafter.

“Our board of directors and employees are squarely focused on helping our customers and serving our markets,” Van Vuuren said. “We believe in investing in our communities and that these investments will pay off exponentially if we stay true to being community bankers.

“Our goal is always to have experienced and professional staff that are the difference makers when competing for business. Our Bank has the same service to offer as other banks and we must ensure that our service level is beyond comparison.”

First National Bank of Middle Tennessee was established in 1874 in McMinnville and has witnessed many turbulent economic conditions, including the Great Depression, two World Wars, and the Great Recession while steadily growing its asset to $856 million as of Sept. 30, 2023. The Bank is currently the third oldest bank in Tennessee and currently has offices in McMinnville, Murfreesboro, Nashville and Shelbyville.

The Bank’s first full-service location in Williamson County will be located at 1175 Meridian Blvd., Suite 114, in Franklin and has an estimated opening date of 3rd quarter 2024. Meanwhile, the Bank will continue to serve the county from its Nashville office. Additional information about First National Bank of Middle Tennessee and services offered can be found at www.fnbmt.com.

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Directions

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ABOUT THE DEVELOPMENT

MERIDIAN COOL SPRINGS

Meridian Cool Springs is a vibrant, 60-acre mixed-use development located in the Cool Springs area of Franklin, TN. Meridian is a truly unique development in that it delivers the conveniences of an urban mixed-use atmosphere to a traditionally suburban area with 900,000 SF of office space and over 70,000 SF of retail & restaurant space, including three on-site hotels. The project’s pedestrian friendly design allows for a very productive workday, with the convenience of offices, retail, restaurants, and hotels all within walking distance via attractive tree-lined streets.

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Press

• Williamson Herald

Memphis Business Journal and Nashville Business Journal

By Stephen MacLeod

Memphis-based Boyle Investment Co. is the largest owner and operator of office space in the city as the company turns 90 years old.

The company has grown to be a large land and property holder in both Memphis and Nashville. Boyle is one of the largest developers in Nashville, with millions of square feet in office and retail.

The company isn’t done growing in either market, with plans underway for additional significant developments.

Memphis

The Boyles have been in Memphis since the start. John Overton, one of the founders of the city, is an ancestor.

The family has been developing property for decades, as well. In 1907, Edward Boyle would develop Belvedere Boulevard in what is now Midtown. His sons, Bayard Sr., Edward, and Snowden, would found Boyle Investment Co. in 1933.

“Bayard Sr. had a remarkable ability to project the paths of growth for the city of Memphis,” said Matt Hayden, CEO and president of Boyle. “With an eye for longevity, he acquired large parcels in key growth corridors that would not be developed for decades.”

Today in Memphis, Boyle holds millions of square feet of office space. The crown jewel is Ridgeway Center, which was building in 1973, one of the first office parks in the city.

Many of Boyle’s office holdings are in the East submarket. In addition to Ridgeway Center, the company owns Triad Center, International Place II, and Moriah Woods.

It also owns retail centers such as Williamsburg Village, Shops of Humphreys Center, and Gallina Centro. Most of those were constructed in the 1990s, although Williamsburg dates back to 1963.

It also holds significant residential properties that were built across several eras. Collierville’s Schilling Farms broke ground in 1996, Farmington in Germantown in 1970, and Spring Creek Ranch in 2007. Development at Spring Creek Ranch continues today, with construction on the final 56 gated lots underway.

Currently, Boyle is building the massive mixed-use development Water Tower District in Collierville, returning to Schilling Farms’ northwest corner.

The development features 45,000 square feet of retail and 125,000 square feet of office space. It is expected to feature a hotel and hundreds of new residences across townhouses, duplexes, triplexes, and multifamily.

Phase one of the residential district is under construction, with an expected delivery of the first building in 2024. The first phase consists of 226 flats and 32 townhomes.

The first phase of the retail component is also underway, with 20,000 square feet being built across two buildings. SOB is now open, and other tenants signed include Rotolo’s Craft & Crust and Crumbl Cookies.

The office phase sits directly next to IMC’s HQ that opened in late 2021. IMC purchased an adjacent piece of land to meet future expansion needs.

Developer Baywood Hotels is also planning a 68,00 square-foot, 108-room TownePlace Suites by Marriott.

The development sits near several job anchors as well, such as FedEx World Technology Center and HQs for Helena Agri-Enterprises, Mueller, and Orgill.

The Water Tower District was designed by LRK and is being built by Patton & Taylor Construction Co.

“The Water Tower district continues our pattern of developing high-end residential inside Schilling Farms while providing neighborhood services for our residents and office workers,” said Les Binkley, SVP at Boyle. “We are developing a unique mixed-use community with an emphasis on walkability. The new retail is within walking distance of the many offices at Schilling Farms and is a great new amenity.”

Nashville

Boyle’s Nashville roots aren’t nearly as historic as its Memphis ones. The company opened its office in the state capital in 2001 and has grown to employ 34 people. The heads of the Nashville division, Jeff Haynes and Phil Fawcett, have led the office for that entire run.

Despite being a newer venture, the company has grown to acquire, develop, and manage more than 3.2 million square feet of commercial space and about 1,500 multifamily units.

One project was Berry Farms in Franklin. Development started in 2005 and today features 3 million square feet of office, 1.8 million square feet of retail, and 3,001 residential units. It also broke ground on Capitol View in 2014 as part of a joint venture.

The company has had a spate of developments in the area in 2023. Now, it is working on modernizing East Park in Brentwood.

The three-building, 167,000-square-foot Class A office complex is expected to receive a hotel, retail, and restaurant uses in a multimillion-dollar revamp.

A freestanding, 6,000-square-foot building would be built to bring in restaurant and retail space. One of three buildings, developed in 1974, would be demolished to make way for the hotel.

The plan is for Chartwell Hospitality to build and manage a 120-key TownPlace Suites at East Park. It is projected to open in Q3 2024.

“We wanted to take this well-located and historically successful office project and modernize it to better serve the current and future business community, as well as the surrounding local residential community,” said Mark Traylor, director of retail properties at Boyle. “The addition of retail, restaurant, and hospitality to the project creates the next exciting mixed-use chapter in the life of East Park.”

We are excited to announce that Northwood Ravin will begin pre-leasing Phase II of McEwen Northside apartments this summer. This new addition will add 428 more homes to our McEwen Northside mixed-use development, including studio, one-bedroom, two-bedroom and three-bedroom apartment layouts for rent.

Phase II introduces an array of additional amenities, which beautifully complement those from Phase I, further enhancing the living experience for residents of McEwen Northside. Amenities include a two-story state-of-the-art fitness center that will provide residents with all their exercise needs, while an on-site concierge is available to help with any task or question they may have. There will also be an on-site barista for complimentary custom coffee for all residents. The buildings frame a giant courtyard featuring a resort-style, zero-entry pool, a sand volleyball court, community amphitheater and beer garden.

The interiors of these luxury apartment homes feature 10-foot ceilings throughout the community, oversized windows and balconies, built-in wine storage, and Shaker cabinetry complemented by Arctic white tile backsplashes, luxury macadamia vinyl plank flooring, gooseneck faucets with pull-out sprayers and stainless-steel Energy-Star appliances. Additionally, each unit comes equipped with digitally programmable thermostats and rain shower heads; select homes even include Euro baths and Roman soaking tubs.

“We are excited to start pre-leasing the second phase of McEwen Northside Apartments. Our company objective is to consistently deliver stunning living spaces and an amenity package that sets a new standard within the market. Residents of both phases will have access to the largest amenity package in Franklin,” said Northwood Ravin’s CEO, David Ravin.

With all these incredible features and amenities available, it’s no surprise that McEwen Northside has become one of the most sought-after communities in the Cool Springs area.

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Directions

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About The Development

McEwen Northside

McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 750,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

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Press

• Williamson Herald
• Biz Journals
• The New STN

 

Les Binkley

Boyle Investment Company

Years in role: 11

Les Binkley joined Boyle Investment Co. in 2007, became Vice President in 2011, and has been Senior Vice President since 2022. He handles all aspects of real estate development for the firm.

In particular, he oversees the day-to-day for Boyle’s mixed-use projects and has taken a leading role as it has increasingly been involved in multifamily developments. Of note for Binkley are major projects in Collierville, such as Schilling Farms — including The Carrington and Carrington West — and Price Farms; East Memphis’ Ridgeway Center; Germantown’s Viridian Planned Development; and Fisherville Farms, stretching across Shelby and Fayette Counties.