Boyle Continues Development of Mixed-Use Projects in Williamson County

Boyle furthered plans to expand its development presence in Williamson County in 2007 with continued work on Meridian Cool Springs and Berry Farms. Located just south of Nashville, Williamson County is one of Tennessee’s fastest growing counties, one of the nation’s wealthiest areas, and home to NISSAN’s future North American headquarters (Summer 2008).

In November 2006 Boyle completed the 175,000-square-foot Community Health Systems headquarters building. “We were attracted to Boyle’s vision for Meridian from the beginning. Their concept for a unique, mixed-use, livable campus was an ideal match to our desire to create a convenient and appealing work environment for our employees,” says Wayne T. Smith, Chairman, President and CEO of Community Health Systems, the nation’s second largest for profit hospital company. Upon completion, Meridian Cool Springs will offer 600,000 square feet of Class A office space, 70,000 square feet of retail space and 250 hotel rooms. Interconnectivity with Boyle-owned One and Two Corporate Centre will help create a large-scale, pedestrian-friendly urban design in a suburban location. Boyle partnered in a joint venture with Northwestern Mutual Life Insurance Company for Meridian and One and Two Corporate Centre. Meridian was named Office Development of the Year and Boyle was named Developer of the Year in March 2007 by NAIOP’s Nashville chapter. “We have created a development that offers tenants unique amenities and a prime location in Cool Springs,” says Jeff Haynes, Chief Manager of Boyle Nashville.

Boyle currently has several buildings under way at Meridian. Scheduled for completion in June 2007 is 2555 Meridian, a three-story, 67,000-square-foot office building with Microsoft as its lead tenant. Two other buildings are also scheduled for summer completion: 2000 Meridian and 1000 Meridian. 2000 Meridian will have 20,000 square feet of retail space on the first floor and 20,000 square feet of office space on the second floor: a mixed-use building that is the first of its kind in the Cool Springs area. 1000 Meridian is a 15,000-square-foot retail building located on the north side of the development. “With the recent explosive growth of office construction on the east side of Cool Springs, there is a major need for retail space in the submarket. Meridian will bring unique shops and a variety of restaurants to serve the east side of the submarket,” says Phil Fawcett, Executive Manager of Boyle Nashville. 18,000 square feet of additional retail space will be available in November 2007 with the completion of 1175 Meridian.

Construction will begin in spring 2007 on Courtyard by Marriott and Residence Inn hotels that will offer guests 250 rooms, an executive meeting center, fitness center, and a walkable on-campus hotel option. Boyle is partnering with hotel veterans Phil McNeil and Rob Schaedle on the two hotels. They will be completed in spring 2008.

Just a few miles south of Cool Springs along the I-65 corridor is Berry Farms, Boyle’s 600-acre mixed-use project that will serve as a southern gateway to the City of Franklin. Upon completion, Berry Farms will be composed of 3,000,000 square feet of office space, 1,800,000 square feet of retail space and 1,146 residential units (a mix of single-family homes, townhomes, condos and apartments). First on the schedule is the residential portion of the project, which will be accompanied by upscale neighborhood retail and multi-family. “This year will be rewarding as we see Berry Farms take shape and begin to see our plans come to fruition,” says Fawcett. “We are extremely pleased with the investments we have made in Williamson County and our plans for the future are indicative of our feelings about the economic state of the county and Middle Tennessee.