Gallatin Taps Boyle Investment Co. to Transform Downtown

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.

Directions

Press

• Bizjournals
• NashvillePost
• Connectcre