IN THE NEWS
Mt Juliet New - Ethan Steinquest
‘Project Blue Bird’ signals $70M investment
January 16, 2020
Retail and tech giant Amazon is expected to open a facility in Mt. Juliet in spring 2021, but they may have some competition.
A nationally known logistics and e-commerce client, currently unidentified, is looking at investing roughly $70 million into a 400,000-square-foot facility in the area. Wilson County’s Joint Economic and Community Development Board is helping them explore two potential sites for the build, which has been named Project Blue Bird.
“Blue Bird has zeroed in on Speedway Industrial Park,” JECDB Executive Director G.C. Hixson said at the organization’s meeting Thursday. “I’m getting calls from construction companies and calls from all the Realtors, so it appears to me that they’ll pull the trigger this month.”....
The Associated Press - Staff Writer
Nashville airport hits 18.3M travelers in 2019, a new record!
January 16, 2020
Nashville's airport hit 18.3 million travelers in 2019, registering a seventh year in a row of record-setting growth.
Nashville International Airport says the traveler total was an increase of more than 2.2 million compared to the 2018 calendar year. Last year was the airport's first to see an increase of more than 2 million passengers.
By 2024, the airport plans ....
Nashville Business Journal - Adam Sichko
Monster development pitched at downtown roundabout
December 09, 2019
A developer based in Dallas is aiming to lead a project that could involve as much as 1 million square feet of office space, plus 500 apartments, on land in SoBro.Newly public Metro records reveal that amount of development, plus 27,000 square feet of retail space, in the works for 2.6 acres of land that touches the Korean Veterans Boulevard roundabout. Other properties that do the same are Music City Center and the Westin hotel.
Lincoln Property Co. paid $27 million last month for the majority of the land in this project's footprint, anchored at 410 Eighth Ave. S. The property is zoned for skyscrapers. If built, the development would push Nashville's development boom deeper into SoBro
Nashville Business Journal - Adam Sichko
Amazon Buys Land for Mammoth 1,200 - Job Hub
December 03, 2019
Amazon has bought land in Wilson County for an immense distribution hub that will more than double its regional footprint. The online retail giant paid $5 million for about 77 acres of land in Mt. Juliet, according to Wilson County public records. City officials rezoned the land at the end of October and green-lit a preliminary master plan for the property that calls for a 92-foot-tall building with 3.52 million square feet of distribution space, and another 80,000 square feet of office space. Panattoni Development Co. is building the facility for Amazon.
Once open, the hulking facility — which would create about 1,200 jobs — will jolt Amazon's portfolio in Greater Nashville to more than 6.5 million square feet of distribution space.
Tennessean - Andy Humbles
Volunteer State Community College closes on land purchase for future Wilson County campus
December 04, 2019
What's this item about? What makes it interesting? Write a catchy description to grab your audience's attention...
Volunteer State Community College closed on a property sale and finalized a land donation in Wilson County that will be used to build a new satellite campus.
The college purchased about 7.5 acres that is in addition to a 2.5 acre land donation from the McFarland family for the future campus, according to Vol State spokesman Eric Melcher.
The two tracts that total approximately 10 acres are on East Division Street in Mt. Juliet, about a half mile east of the Mt. Juliet Chamber of Commerce building.Vol State is raising money to construct and design the building. The school is also working through a multi-part State of Tennessee process for the new campus.
The Wilson County campus will have multiple classrooms and other educational facilities that will allow for a variety of classes.
October 18, 2019
The developer that has set the stage for a major mixed-use project in Madison has decided to sell the property instead.
Nashville Post reports that the 32-acre Madison Town Center shopping center will soon be listed for sale at an asking price of $30 million. Metro has approved up to 3.75 million square feet of potential development on the property, including about 1,000 residential units.
Nashville Business Journal - Carol Smith
Top of the List: Nashville's Biggest Development Projects
October 14, 2019
What are the largest development projects in Nashville?
We ranked Nashville's development projects by total estimated cost. To view the top 10 and see which one tops the list, check out the slideshow with this story.For the rest of Nashville's top development projects, take a look at this week's print edition of the Nashville Business Journal. The full list is available in print and includes information about the location.
Amazon Eyes Another Nashville-Area Distribution Facility
September 04, 2019
A planned 3.6-million-square-foot warehouse in Mt. Juliet has been connected to internet giant Amazon.com. Officially known on “Project Sam,” the facility would be located on Golden Bear Gateway and Athlete’s Way North in Wilson County, The Tennessean reports. Panattoni Development Co. is pursuing the project. To give an idea of how many people could work at such a facility, The Tennessean notes that plans indicate 1,800 parking spots.
A distribution hub, code-named "Project Sam," could be landing in Mt. Juliet.
The potential project would represent a big economic development deal for the city and Wilson County. According to plans, 1,800 parking spaces would surround a nearly 100-foot-tall building containing 3.52 million square feet of warehouse space and another 80,000 square feet of office space. The distribution space alone is equivalent to about 61 football fields — more than double the size of the largest industrial building on the Nashville Business Journal's annual List of such properties.
Tennessean - Andy Humbles
Mt. Juliet's mammoth Project Sam: A 3.6 million-square-foot warehouse and office plan proposed
August 16, 2019
Plans for a mammoth five-story, 3.6 million-square-foot warehouse and office development have been submitted in Mt. Juliet. The development proposal — dubbed Project Sam — is for nearly 80 acres near Golden Bear Gateway and Athletes Way North. Panattoni Development Company submitted the plans on behalf of the property owners, according to documents. Project Sam would be more than three times bigger than Panattoni's approximate 1.1 million square foot Under Armour facility, which is open nearby in Mt. Juliet.
Nashville Business Journal - Joel Stinnett
Forbes: Nashville is Home to Four of the World's Biggest Public Companies
May 21, 2019
Football fans know that Nashville is home to the Titans of the National Football League, but according to a recent Forbes report, several titans of the business world also call Music City home.
Forbes has released its 2019 Forbes Global 2000 — a list of the 2,000 largest public companies in the world — and four Middle Tennessee-based companies made the cut, led by HCA Healthcare Inc. at No. 247. The annual list measures the world’s biggest public companies by a composite score of revenue, profit, assets and market value, according to Forbes.
The Lebanon City Council approved a pair of rezoning resolutions related to a potentially major mixed-use development near I-40 and Leeville Pike.The council unanimously approved the rezoning requests, made by Brookside Properties Inc., on first reading. The request is to rezone approximately 130 acres between Tuckers Gap Road and I-40, from South Hartmann Drive to the I-840 exit from medium-density residential to commercial service.
Commercial Property Executive - Lucia Morosanu
TN Industrial Distribution Facility Trades for $24M
March 22, 2019
A partnership between A partnership between Fortress Investment Group and Sansone Group has acquired Couchville Pike Business Center I, a 709,651-square-foot industrial distribution facility in Mt. Juliet, Tenn., for $23.6 million, according to Wilson County records. The seller was an entity connected to Wells Fargo. The new owners have already signed a 237,000-square-foot, five-year lease with Superior 3rd Party Logistics Inc.Fortress Investment Group and Sansone Group has acquired Couchville Pike Business Center I, a 709,651-square-foot industrial distribution facility in Mt. Juliet, Tenn., for $23.6 million, according to Wilson County records. The seller was an entity connected to Wells Fargo. The new owners have already signed a 237,000-square-foot, five-year lease with Superior 3rd Party Logistics Inc.
An Atlanta real estate developer has struck a deal to buy a sprawling former meat-packing plant on the banks of the Cumberland River, in an urban neighborhood already teeming with development.
Jim Irwin and his New City LLC real estate business are under contract to buy the Neuhoff Packing Co. slaughterhouse complex on Adams Street in Germantown, according to multiple sources with knowledge of the deal. The pending purchase could involve 14 acres of land or more, creating the chance to revitalize a property that has long been eyed for its development potential.
AllianceBernstein, a New York-based global investment management firm moving its headquarters to Nashville, is planning a private wealth group in Nashville and is considering adding a local investment team, according to CEO Seth Bernstein.The firm announced in May that it expects to bring 1,050 jobs to Nashville in a $70 million investment. City and state officials celebrated the new headquarters as a boon to the region's financial sector.
A global life insurance company has paid almost $93 million to buy the core of the mixed-use development that has revitalized the site formerly home to the shuttered Bellevue Center mall. MetLife Inc. now owns the retail piece of the One Bellevue Place development, which is the heart of the 87-acre development off of Interstate 40, about 14 miles southwest of downtown Nashville. That part of the project totals nearly 360,000 square feet, with tenants including an AMC movie theater, a Sprouts Farmers Market, restaurants such as DeSano Pizzeria and Bar Louie, and also chains such as Michael's, PetSmart and Kirkland's.
January 25, 2019
The name of the entity used to buy the land, and the price paid, suggest a connection with a deal reported to be in the works for the nearby former Neuhoff meat-packing plant on the Cumberland River.
Celebrity chef Maneet Chauhan's company has sold land in Germantown to a buyer whose name suggests an even larger deal is in the works. An affiliate of Chauhan's Morph Hospitality Group no longer owns the 1.75-acre property at 93 Taylor St. The buyer, Neuhoff Acquisition LLC, lists its address in public records as the headquarters of JP Morgan Chase & Co. The buyer paid $8 million for the land — more than double the $3.7 million Morph Hospitality Group spent just 16 months ago. Germantown remains a hotbed of development, particularly apartments and restaurants.
A Georgia-based developer has released the first image of the apartment project it plans inside the MetroCenter development.Southeastern plans to begin construction on the 300-unit project in the second quarter, according to a news release. The company paid $10 million for the 11-acre site at 341 Great Circle Road in December. “We’ve chosen this site because of its incredible views of the Cumberland River,” Southeastern principal Chris Senn said in the news release. “Most of this project’s units will have great views of the river, coupled with easy access to all of the exciting opportunities Nashville has to offer.”
January 22, 2019
More retail and restaurants are headed to a development in a town whose population has nearly doubled since 2010, indicative of the growth sweeping through Greater Nashville. Brentwood-based PGM Properties LLC has paid $4.6 million for about 18 acres of land in Nolensville, straddling the line between Davidson and Williamson counties. The developer plans to expand its Burkitt Commons project, which already includes 36,500 square feet of commercial space, including Hoss' Loaded Burgers and Tito's Mexican Grill. The project also includes 200 condos and townhomes built by Nashville's Regent Homes.
