Chartwell Hospitality LLC, an integrated hotel operations and development company, announced today details of 1st and Main, a 40,000 square-foot mixed-use project located at the intersection of First Avenue South and Main Street in the historic district of downtown Franklin.
Currently under construction, the development will consist of approximately 5,200 square feet of Class-A retail space, 5,000 square feet of Class-A restaurant and outdoor patio space and up to 22,000 square feet of Class-A office space, all of which are now available for lease.
The two-story building was thoughtfully designed to reflect the architecture of its historic neighborhood punctuated by luxury finishes and modern-day amenities.
“Franklin has grown into a thriving corporate center and 1st and Main will help to continue attracting high-caliber businesses with new, amenity-rich office space in the heart of downtown,” said Chartwell Hospitality’s Vice President of Acquisitions and Development, Will Schaedle. “This project will fill the void in a tightening market with increasing demand.”
Chartwell is providing construction management and project development services for the 2.2-acre site. Crossfire Development LLC, which owns the property, will manage tenant leasing of the restaurant, office and retail spaces. With an expected completion date of July 2019, Crossfire Development is currently seeking high-quality tenants to join the thriving business scene in downtown Franklin.
To learn more about Chartwell Hospitality LLC, visit www.chartwellhospitality.com.
About Chartwell Hospitality
Chartwell Hospitality LLC is an award-winning, fully integrated hotel operations and development company specializing in the acquisition, development and management of high-quality, branded, limited-service and full-service hotels. With substantial transaction and real estate expertise, Chartwell has a proven track record for maximizing cash flow and increasing ROI in high growth markets with multiple generators. Chartwell approaches real estate investment from an owner’s perspective, investing capital alongside select private and institutional investors. To date, Chartwell has executed 61 hotel investments, delivering occupancy and market rates that consistently surpass its competition.
About Crossfire Development
Founded by Preston Ingram, Franklin-based Crossfire Development LLC is located at 5550 Liepers Creek Road, Franklin, TN and can be reached at: 615-594-4965.