Walton Tennessee, a development company, bought over 500 acres of land in Nolensville earlier this month with plans to build a traditional neighborhood, Carothers Crossing, in the empty space between Interstate 24 and the town of Nolensville.
The developers are focused on making the newly developed space a small community. The traditional neighborhood development plan included 3,400 homes with other community perks like green recreation spaces and a town center with shopping options.
Walton Tennessee, LLC purchased three separate tracts of land from Capital Bank, Cadence Bank and Pinnacle Bank, and has a fourth parcel under contract. Combined, the four parcels comprise 545 acres of land located just east of the town of Nolensville and west of Interstate 24 exit 62, the Old Hickory Boulevard exit.
Walton Tennessee is an affiliate of the larger company, Walton Development and Management, which has other projects like the Carothers Crossing neighborhood already developed.
Don Smithson came up with the idea about ten years ago, but lost the property during the economic downturn. Now that things are looking up the plan is back underway under the direction of Walton developers.
“We’re excited about our first acquisition in Nashville,” said Paul Beidel, WDM president, Southeast region. “Carothers Crossing has tremendous potential and we look forward to working with the local community to build on the vision for this mixed-use residential community.”
A correction about Don Smith was made to this article on 5-22-2014