Over 6,000 Multi-Family Units Coming to the County; Here’s Where

In the last four fiscal quarters, flipping the calender back to April of 2016, the Williamson County housing market sold 5,754 houses and condos, which is 16 houses sold on average every day. The Williamson County Association of REALTORS, in their monthly report has noted for over a year a shortage of housing supply.

Multi-family units, however, are not quite like houses. They take up less space, much less property area and have become in vogue, as the conventional consensus among developers goes, for a younger generation just now beginning to invest in real estate. In the past five years, sales of multi-family units rose steadily, from 239 sold in 2013 to more than 400 in 2016. In December of 2014, there were 7,006 condo units in the county, with plans for another 1,225. Today, the Williamson Source tabulates, that among current projects somewhere in the process between planned and completed, there are another 6,411 multi-family units coming.

Here’s a look at where these housing units will be located.

1Crescent

A Charlotte-based developer announced plans last fall for a mixed-use community across McEwen Drive from Ovation.

Crescent Communities, the developer, is currently accepting leases and could begin construction by fall in its $100 million mixed-use development featuring plans for about 300,000 square feet of office space, 340 apartments and town homes, a 180-room hotel, several restaurants and acres of public green space and walking trails.

According to the developer, Brian Leary, president of commercial and mixed use at Crescent, his project will be boutique oriented.

The project has been compared to the Gulch, for Franklin.

2Nolensville Market Square

The plan for this first mixed-used project in Nolensville allots 85,949 square feet of retail, 120,308 square feet of residential condos and 54,746 of office space. The residential space will be 84 condos: 28 three-bedrooms, 36 two-bedrooms and 14 one-bedrooms, along with six roof-top condos. The rest of the space will be devoted to parking garages and a daycare.

3Ovation

The plan for Ovation, owned by several developers, envisions 950 residential units, 480,000 square feet of retail space, 1.4 million square feet of “top grade Class A” office space, and two hotels with a combined 450 rooms. It will be anchored by a 12-floor, 300,000 square foot tower.

4Buckner Lane

The project planed by Southeastern Venture for the huge 775-acre property at 2660 Buckner Lane in Spring Hill will create 3.9 million square feet of office space, 1.3 million square feet of retail and restaurant space, 400 hotel rooms and 2,926 housing units over 20 years.

5Northside McEwen

Announced last summer, construction for Northside McEwen, a mixed-use project on McEwen Drive in Cool Springs, just west of the McEwen Drive and Interstate 65 interchange, began in the spring.

Boyle Investment Company, in partnership with Northwood Investors and Northwood Ravin, has begun construction on the 45- acre project.

The site work will set up Phase I of the development which includes up to 200,000 square feet of Class A office, 26,000 square feet of retail space, three restaurant pads, and 330 upscale residential units. Road improvements include extending Aspen Grove Drive from Jordan Road to McEwen Drive, connecting Northside McEwen to Cool Springs Boulevard, and adding a traffic signal at McEwen Drive and Aspen Grove Drive to connect the Whole Foods-anchored shopping center to Northside McEwen. Total investment for Phase 1 is $120 million and is expected to be complete in 2018.

6Crescent at Lockwood

A $50 million condo project began construction earlier this year as part of the larger Lockwood Glenn site. Crescent Communities, of Charlotte, and Brentwood-based Pearl Street Partners have plans to build 239 condos as part of the newest phase in the 220-acre Lockwood Glenn community.

The project will be located on a 45-acre piece of land with room for a “village marketplace” that will offer between 30,000 square feet to 50,000 square feet of retail space, pending the outcome of a rezoning request, according to Crescent.

The units will be one-, two- and three-bedroom with attached garages. The point of which is to “blur the lines between rental and home ownership experiences,” Crescent executive Ben Collins said in a press release. The architecture will likewise mirror the look of the traditional single-family homes surrounding the condos, according to a statement.

Units will rent for between $1,200 to $2,300 a month.

Amenities for the project include a saltwater pool, playgrounds and a dog park.

7The Shoppes at Burkitt Place

Burkitt Place developers are working on a $48 million residential development and $9 million of retail development in Nolensville, at 7022 Nolensville Road. The project will create 200 housing units, a mix of townhomes and condos, as well as 36,000 square feet of retail.

PGM Properties LLC, based in Brentwood, Atlanta-based Coro Realty Advisors and Regent Homes are combining to build on the 22-acre site.

8Reams-Fleming at Berry Farms

Included in the allowed zoning of the 600-acre mixed-use Berry Farms site on Peytonsville Road are 400 condo units.

 

At least 21 high-end condos have been built already by Regent Homes.

Currently for sale are condos in The Alicia, which is part of Berry Farms Town Center. The mix of townhomes and condos in Town Center range from $249,900 to $389,900 and in square feet from 895 to 2,529.

9Through the Green

Next to Chick-fil-A, by Target and Kroger, about a mile or so out of downtown Franklin, an apartment complex is almost complete on Columbia Avenue.

Developed by LittleJohn, it is called Through the Green and will include 228 units. It is the second phase of a build out, with the first phase already complete.

The project sits on 13.64 acres. Building began in January 2016, construction is nearly complete.

Shadow Green Townhomes and the Grove at Shadow Green are two other residential complexes in the nearby area.

10Retreat at Iron Horse

In November, Franklin approved a 264-unit multifamily project on 20 acres on the corner of Mack Hatcher Parkway and Franklin Road.

Retreat at Iron Horse will be San Antonio-based Embrey Partners’ second apartment project in Franklin. They developed the 250-unit Artessa on Cool Springs Blvd.

The address is 145 Legends Club Lane, next to the golf course of the same name.

The development plan for Retreat at Iron Horse has six two-and-three story apartment buildings, a 7,000 square foot club and leasing building and 537 parking spaces. Almost half of the overall 20-acres project will be green space

Construction is cleared to go as soon as all the permits are filed.

11Mosby at Cool Springs

One of the last remaining pieces of property to be developed in Cool Springs will be an apartment complex.

Public records in March showed that Middleburg Real Estate Partners of Fairfax County, Va., bought the 23-acre property at 1222 Liberty Pike for $9 million. The site is between the coming Life Time Fitness and the Columbia State Community College Expansion on Carothers Parkway and Liberty Pike.

Last year SouthStar, which sold the land to Middleburg, had Franklin approve rezoning that allows up to 450 apartment units on the site.

On its website, Middleburg said it plans to name the complex Mosby Cool Springs.

Middleburg owns and manages four apartment complexes in Davidson County, totaling 1,450 units. They are in Antioch, Madison and east of Nashville International Airport.