In January 2012, Boyle Nashville commenced work on the $9.5M redevelopment and expansion of The Crossings, a 110,229-square-foot shopping center located in the Donelson community of Nashville. Boyle purchased The Crossings in 2005 “because of its highly trafficked location on Lebanon Pike, dense demographics, and immediate proximity to the large daytime population of the airport office submarket,” according to Boyle Nashville partner, Phil Fawcett.
As part of the redevelopment project, Boyle is building a brand new 49,533-square-foot Publix grocery store with a drive-through pharmacy. The new Publix serves as one of the anchor tenants for the shopping center. During the past nine months, Boyle has made significant improvements to the existing portion of the shopping center, including additional parking, landscaping upgrades, and a new façade. In addition to the new Publix, improvements will create 16,400-square feet of small shop and restaurant space, bringing The Crossings to 133,769-square feet. The scheduled completion for the Publix is March 2013, with a planned opening of April 2013.
Phil Claiborne, Councilman for the area, believes that “Boyle’s investment in the Donelson community and the arrival of Publix will most certainly trigger other development along the Lebanon Road corridor. He continues to say that, “there’s a lot of excitement and anticipation on the part of the community for this project to move forward to completion. Boyle is helping to make Donelson a better place to live and work.”
The Donelson community recently made headlines in the Nashville Business Journal for its resurgence of young families, and the new retail and redevelopment that is following them there. The neighborhood offers affordable housing opportunities, a warm neighborhood feel, and is only minutes away from downtown Nashville.
New retailers that have been signed at The Crossings include Mirko Pasta, which features authentic, made-from-scratch Italian cuisine, Pet Supermarket, Riverstone Wine Boutique & Spirits, and Sylvan Park Diner, among others. As part of the redevelopment, Boyle has signed new, long-term leases with existing tenants Harbor Freight & Tools, H&R Block, Snappy Nails, and Studio FX. Burger King has also completed an extensive renovation to its current outparcel location. Boyle is in talks with several other new tenants, including national brand name retailers and restaurants.
Availabilities currently range from 1,200-6,200-square feet.
According to Grant Kinnett, who handles retail leasing for Boyle Nashville, “This is a rare opportunity for retailers and restaurants to take advantage of a brand new Publix development, located on one of Nashville’s busiest intersections, in a very densely populated trade area. We are very pleased with the timing of the redevelopment and the opportunity.”
Team members for the project include H. Michael Hindman (Architect), Barge Cauthen & Associates (Civil Engineer), and Joe N Guy Co. (Contractor). U.S. Bank provided the financing.