August 10, 2015
Boyle Nashville Activity Brisk with Four Large-Scale Projects
2012 has been an exciting year for Boyle’s Nashville office with construction of a seven-story office building with underground parking at Meridian Cool Springs, the first major office building built since 2009 in the Nashville area; a Publix-anchored retail redevelopment project; Phase I construction on the 600-acre Berry Farms in Franklin; and the purchase of an eight-building office park in Brentwood for the Midsouth Capital Fund.
In September 2012, Boyle completed construction on the two remaining office building sites at Meridian Cool Springs, a 60-acre mixed-use development off Carothers in Franklin. This additional $40 million investment underscores the success of Meridian, which is the first comprehensively planned mixed-use project in Cool Springs. 5000 Meridian is a LEED Silver designated, seven-story, 178,000-square-foot office building with a one-level executive parking garage below. 5005 Meridian is a three-story mixed-use building with 15,000 square feet of ground floor, loft-style office space with two levels of parking above and to the side. Both buildings are exceeding leasing projections.
In January 2012, Boyle Nashville began the $9.5M redevelopment and expansion of The Crossings, a 110,229-square-foot shopping center in the Donelson community. Construction is underway on a new 49,533-square-foot Publix grocery store with a drive-through pharmacy to serve as the anchor tenant. An additional 16,400 square feet of new small shop and restaurant space will be added, bringing The Crossings to 133,769 square feet.
The land development part of Phase I of Berry Farms, the 604-acre mixed-use community in Franklin, Tennessee, is nearing completion. What differentiates Berry Farms from other mixed-use projects is partially its size, but primarily its strategic location, its unique history dating back to the early 1800s and its deep roots in the City of Franklin.
“It is very important that those who move to Berry Farms know the deep history of the land and enjoy living there as much as I did,” said Avalyn Berry Swain, direct descendant of the original settlers of the property. “There is no more special place than Berry Farms for living, making memories, and building a future.” Both Avalyn Berry Swain and Tyler Berry, the original landowners, remain partners in this development.
Phase I, located in the Town Center at the intersection of Goose Creek Bypass and Lewisburg Pike, will include 70,000-square feet of neighborhood retail and restaurant space, 11 commercial lots, and Hughes Mill at Berry Farms, the first residential neighborhood with 53 lots. The homes are on picturesque, tree-lined streets within walking distance of parks, neighborhood shopping and dining, and the new pool and pool house.
In addition to these developments, the Midsouth Capital Fund made a major acquisition in the Nashville region with the purchase of Synergy, a 500,000-square-foot office park. Boyle plans to redevelop Synergy into a mixed-use community in the heart of Brentwood.