Q&A: Boyle’s local leader Jeff Haynes talks growth in Middle Tennessee

Real estate development company continues to invest in Davidson, Williamson counties after 90 years in business

 

Boyle Investment Company celebrated 90 years of real estate development in 2023. Though the company is based in Memphis, its Nashville office has been open since 2001 and has grown from two employees to 34.

The company operates about 3.2 million square feet of commercial space and has investments in around 1,500 multifamily units in the Nashville market. It’s known for local developments like Capitol View Nashville, CityPark Brentwood, Meridian Cool Springs, Berry Farms and McEwen Northside in Franklin.

Post sister publication The News spoke with Jeff Haynes, managing partner of Boyle’s Nashville office, about the growth of the company in Nashville as it looks back on its 90 years of history.


Tell me about some of the history of the projects that you have done and the growth you’ve experienced as Middle Tennessee has grown.

I think it’s important to start with honoring the three brothers Bayard Boyle, Snowden Boyle and Charles Boyle who had the vision and foresight to start the company in 1933 coming out of the depression. It’s very rare in the real estate industry for companies to survive 90 years. I think one of our most respected competitors would be H.G. Hill here locally who have been around for 125 years. But most real estate companies are very young and very new. To survive 90 years requires financial stability, requires a commitment to working with each of your employees, requires adaptability and creativity to develop projects that are in tune with what the market wants each and every day. We’ve tried to do that here through being an expert in mixed-use development. We started mixed-use in 2006 at Meridian in Cool Springs. We now have five dominant mixed-use projects … where we integrate apartments, hotels, office and retail into the development blender to try to spit out a walkable, pedestrian-friendly, urban-designed mixed-use project.

What’s on the horizon for Boyle as you look at that continued growth in Middle Tennessee

We are contrarians. Even though the economy is a little bit dicey right now and interest rates have risen, we started our newest office building at McEwen Northside, which is going to be a 300,000-square-foot office building on top of retail. Even though it’s an interesting time to start a building, we believe in that project. It’s been very successful. …We’re constantly looking for opportunities. We’re working on some potential developments in Davidson County. We’re very interested in Sumner County. We’re actually looking at another residential development in Williamson County as well. So while the market is correcting itself, we’re out looking at opportunities to try to take advantage of what we consider to be an interesting time in our business.

I think Nashville today is vastly different. We have much more competition coming from all parts of the globe because Nashville is an attractive place in which to do business because of the economic and population growth. It’s a much more competitive landscape. So we’ve got to constantly look at trends. Nashville tends not to be a leader in architecture and development. We spend a lot of time looking at projects in Austin, Dallas, Washington, D.C., and Chicago — traveling to touch and feel and walk other mixed-use projects. That’s how we came up with the jewel box idea at McEwen. We saw some jewel boxes in a project in D.C. and came back and said, “Let’s try it.”

It’s important that we try to differentiate ourselves in our projects for the people who live there, who work there, who visit the retailers there. We’re trying to create a sense of community in each of our projects. That’s really important to us to develop the fabric of that community. Berry Farms has a unique, rural sense of community. McEwen Northside is much more urban in its design, and then Meridian is sort of a blend of the two. With a project like Capitol View where we partnered with the Metro Parks Department and built Frankie Pierce Park in a public private partnership to create a wonderful two-and-a-half acre, urban park. So, you’ll see lots of green space in our projects, lots of walkability. We’re not trying to put bricks and mortar on every square inch of the land. We’re trying to develop that unique sense of community.

What does it take to get that kind of public-private partnership done?

Being naive, being patient, willing to roll up your sleeves and work with all departments at a municipality. Probably four years of banging my head against the wall with CSX railroad, who proved to be my nemesis, but we were fortunate enough to get that done. A fantastic part that truly changed the nature of Capitol View and helped us start to add art in all of our projects — we’ve got lots of murals and we now call it Mural Park — with CSX’s blessing we’ve added murals to the railroad tunnels there. You’ll now see mural art at Northside McEwen. So, we’ve started working with very creative muralists around the city to create art in all of our projects and not just allow blank walls for people to look at.

Do you also try to stick to using local groups for construction?

We do. That’s important to us from architects to engineers, to landscape architects, to lawyers, to contractors, we want to try to use local partners. I think the other thing that’s unique about Boyle over 90 years is our commitment to support the nonprofit industry. We have an internal program called Boyle Cares where our team members are encouraged to volunteer their time and to help raise money, and so each project partners with nonprofits. McEwen Northside and Meridian partners with the Boys and Girls Club of Williamson County and New Hope Academy. We’re constantly having events for those nonprofits at our projects, so that’s a really important differentiation of how we like to do business.


Press

Nashville Post

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Here’s What Boyle Investment Is Planning Next in Commercial Real Estate

Memphis Business Journal and Nashville Business Journal

By Stephen MacLeod

Memphis-based Boyle Investment Co. is the largest owner and operator of office space in the city as the company turns 90 years old.

The company has grown to be a large land and property holder in both Memphis and Nashville. Boyle is one of the largest developers in Nashville, with millions of square feet in office and retail.

The company isn’t done growing in either market, with plans underway for additional significant developments.

Memphis

The Boyles have been in Memphis since the start. John Overton, one of the founders of the city, is an ancestor.

The family has been developing property for decades, as well. In 1907, Edward Boyle would develop Belvedere Boulevard in what is now Midtown. His sons, Bayard Sr., Edward, and Snowden, would found Boyle Investment Co. in 1933.

“Bayard Sr. had a remarkable ability to project the paths of growth for the city of Memphis,” said Matt Hayden, CEO and president of Boyle. “With an eye for longevity, he acquired large parcels in key growth corridors that would not be developed for decades.”

Today in Memphis, Boyle holds millions of square feet of office space. The crown jewel is Ridgeway Center, which was building in 1973, one of the first office parks in the city.

Many of Boyle’s office holdings are in the East submarket. In addition to Ridgeway Center, the company owns Triad Center, International Place II, and Moriah Woods.

It also owns retail centers such as Williamsburg Village, Shops of Humphreys Center, and Gallina Centro. Most of those were constructed in the 1990s, although Williamsburg dates back to 1963.

It also holds significant residential properties that were built across several eras. Collierville’s Schilling Farms broke ground in 1996, Farmington in Germantown in 1970, and Spring Creek Ranch in 2007. Development at Spring Creek Ranch continues today, with construction on the final 56 gated lots underway.

Currently, Boyle is building the massive mixed-use development Water Tower District in Collierville, returning to Schilling Farms’ northwest corner.

The development features 45,000 square feet of retail and 125,000 square feet of office space. It is expected to feature a hotel and hundreds of new residences across townhouses, duplexes, triplexes, and multifamily.

Phase one of the residential district is under construction, with an expected delivery of the first building in 2024. The first phase consists of 226 flats and 32 townhomes.

The first phase of the retail component is also underway, with 20,000 square feet being built across two buildings. SOB is now open, and other tenants signed include Rotolo’s Craft & Crust and Crumbl Cookies.

The office phase sits directly next to IMC’s HQ that opened in late 2021. IMC purchased an adjacent piece of land to meet future expansion needs.

Developer Baywood Hotels is also planning a 68,00 square-foot, 108-room TownePlace Suites by Marriott.

The development sits near several job anchors as well, such as FedEx World Technology Center and HQs for Helena Agri-Enterprises, Mueller, and Orgill.

The Water Tower District was designed by LRK and is being built by Patton & Taylor Construction Co.

“The Water Tower district continues our pattern of developing high-end residential inside Schilling Farms while providing neighborhood services for our residents and office workers,” said Les Binkley, SVP at Boyle. “We are developing a unique mixed-use community with an emphasis on walkability. The new retail is within walking distance of the many offices at Schilling Farms and is a great new amenity.”

Nashville

Boyle’s Nashville roots aren’t nearly as historic as its Memphis ones. The company opened its office in the state capital in 2001 and has grown to employ 34 people. The heads of the Nashville division, Jeff Haynes and Phil Fawcett, have led the office for that entire run.

Despite being a newer venture, the company has grown to acquire, develop, and manage more than 3.2 million square feet of commercial space and about 1,500 multifamily units.

One project was Berry Farms in Franklin. Development started in 2005 and today features 3 million square feet of office, 1.8 million square feet of retail, and 3,001 residential units. It also broke ground on Capitol View in 2014 as part of a joint venture.

The company has had a spate of developments in the area in 2023. Now, it is working on modernizing East Park in Brentwood.

The three-building, 167,000-square-foot Class A office complex is expected to receive a hotel, retail, and restaurant uses in a multimillion-dollar revamp.

A freestanding, 6,000-square-foot building would be built to bring in restaurant and retail space. One of three buildings, developed in 1974, would be demolished to make way for the hotel.

The plan is for Chartwell Hospitality to build and manage a 120-key TownPlace Suites at East Park. It is projected to open in Q3 2024.

“We wanted to take this well-located and historically successful office project and modernize it to better serve the current and future business community, as well as the surrounding local residential community,” said Mark Traylor, director of retail properties at Boyle. “The addition of retail, restaurant, and hospitality to the project creates the next exciting mixed-use chapter in the life of East Park.”

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Best Real Estate Deals & Dealmakers Awards by Memphis Business Journal

Les Binkley

Boyle Investment Company

Years in role: 11

Les Binkley joined Boyle Investment Co. in 2007, became Vice President in 2011, and has been Senior Vice President since 2022. He handles all aspects of real estate development for the firm.

In particular, he oversees the day-to-day for Boyle’s mixed-use projects and has taken a leading role as it has increasingly been involved in multifamily developments. Of note for Binkley are major projects in Collierville, such as Schilling Farms — including The Carrington and Carrington West — and Price Farms; East Memphis’ Ridgeway Center; Germantown’s Viridian Planned Development; and Fisherville Farms, stretching across Shelby and Fayette Counties.

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Collierville Endorses Schilling Farms Multifamily Units

The Daily Memphian

By Abigail Warren

The Collierville Planning Commission endorsed 256 additional multifamily units at Schilling Farms between Poplar and Winchester.

The positive recommendation for a new neighborhood – the Water Tower District – includes 16.29 acres already zoned for mixed-use and multifamily. The development will include town homes, duplexes, triplexes and flats and range from one to three bedrooms.

Les Binkley, Boyle Investment Company vice-president, acknowledged this is “one of the most complicated residential developments” the company has done and thanked Nancy Boatwright, assistant town planner, for her assistance during the application process.

He acknowledged the “intricate” design of the neighborhood. Buildings will look unique, not repetitive. Elevator apartment buildings are rare in the suburban market and the project proposes several.

He said the projected can “capture” all ages adding “richness” to neighborhoods.

Due to prior reviews of the entire Schilling Farms project, the development could have up to 289 more multifamily units if the mayor and aldermen approve this neighborhood proposal. The entire project is allowed to have up to 1,725 units, and 1,180 were previously approved and built.

Boyle will seek retail as part of this project at a later date, Binkley said. This phase includes 2,193 square feet of nonresidential space for the leasing office and neighborhood amenities.

Alderman John Worley pointed out the mayor and aldermen are not “aggressively seeking apartments.” He said there were entitlements given to this long ago – before most commissioners and aldermen were in their position.

Commission Chairman Greg Cotton acknowledged the project already was granted the total number of apartments in the outline plan.

“You may not agree with the number of apartments, but they are what they are,” Cotton said, noting there needed to be solid reasoning if they were to turn it down.

Worley said if they rejected the plan, there would likely be a lawsuit, to which Rusty Bloodworth, Boyle executive vice-president, nodded his head.

No residents appeared before the commission to address the project.

One component of the commission’s review included traffic impacts. A traffic study submitted with the application said minor delays could be created near the site including at Schilling Farms Boulevard W and Poplar Avenue.

Jaime Groce, town planner, said the project will likely appear before the Board of Mayor and Aldermen in September. They may ask for the company to make improvements along Poplar at that time.

IMC Companies is making its headquarters home at Schilling Farms. Binkley said his company would like more large businesses to make their home in the development, and a project like the Water Tower District helps encourage their move to Collierville.

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Collierville Planning Commission to Review More Multi-Family Units at Schilling Farms

The Daily Memphian

By Abigail Warren

Boyle Investment Company is seeking approval of town homes, triplexes, duplexes and flats at Schilling Farms in Collierville.

The town’s Planning Commission is scheduled to review the proposal for the development’s northwest portion at its meeting Thursday. Schilling Farms, a 443-acre mixed-use development, is easily seen along Poplar Avenue and Winchester Boulevard.

“The Boyle Schilling Farms Community is the premier mixed-use development in West Tennessee and one of the nicest ongoing real-estate projects in the Mid-South,” John Duncan, director of economic development in Collierville, said. “Schilling Farms is a key differentiator for us as we continue to promote our community for expansion and relocation.”

This project, known as “The Water Tower District,” will add 256 rental units in town, creating additional living options in Collierville. The neighborhood will encompass a water tower located in the area since the 1950s, when it was farmland. The tower won’t be functional but is a “marker referencing the past,” according to Les Binkley, Boyle Investment Company vice-president.

Collierville has 2,592 stand-alone apartments. The 2040 Land Use Plan says that number should not exceed 3,532 – excluding the Downtown area that could see more. When that plan was developed, town leaders knew of potential multi-family units at Schilling Farms.

The zoning allows multi-family, and previous approvals allow up to 1,725 units. The development already has 1,180.

The Water Tower district will add 109 one-bedroom units, 93 with two bedrooms and 54 with three.

The proposed differing building styles meet town guidelines.

“There’s nothing like it,” according to Rusty Bloodworth, Boyle Investment Company’s executive vice president. “It’s by far the most complex predominantly residential community that’s almost ever been done (in the area).”

He said the only concept in the area slightly similar is Harbor Town along the Mississippi River with its various living options.

Duncan said the neighborhood “continues Boyle’s commitment to Collierville.”

Boyle aims to make the neighborhood walkable, with common open space as a distinct feature of the area.

The property has some old oak trees that Boyle plans to keep. They hope the neighborhood feels secluded away from bustling Poplar Avenue.

Developers also want some nonresidential development on the west side of the property just south of Poplar Avenue.

Schilling Farms has been two decades in the making. Boyle still has land zoned for offices. Binkley hopes another group like IMC Companies will make Schilling Farms its headquarters home.


Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Boyle Preps 28-Building Development in Collierville

The Memphis Business Journal

By Jacob Steimer

Boyle Investment Co. is planning to build 256 rental units in Collierville, across 28 buildings and 15 acres.

The Watertower District will be located in the northwest quadrant of Schilling Farms, on part of the 50 acres the firm started grading last summer. Boyle VP Les Binkley expects construction to start in the second quarter of 2021.

The rentals would range from townhouses and duplexes to three-story buildings with elevators. And, the firm plans to eventually add more apartments on 12 adjacent acres. Along with the residential, the project will include “a modest amount of small-shop retail.”

“The big advance for Collierville is having a community of this scale that is truly walkable. The extremely small blocks are key,” Boyle EVP Russell Bloodworth said. “Our biggest challenge is including so many different types of homes and buildings. So much differentiation pushes up our construction costs, but in the long run, it will make a community that is truly sustainable.”

Elevators aren’t common in three-story apartment buildings, but Binkley said he felt they were important to differentiate the property as being high-end.

Binkley said the company hasn’t paused the project during the pandemic because it still had plenty of design and approval work to do before starting construction. By the time the project leaves the ground, he thinks there’s a “pretty solid chance” the country will be out of its current economic woes.

“We aren’t a merchant builder trying to build something and sell it in a couple years. We’re building this to hold it long term,” Binkley said. “We’re confident the project, long-term, will be a huge success.”

The development is set to appear before Collierville’s Planning Commission on Aug. 6. The town has been resistant to multifamily development in recent years, but Binkley said he’s not worried because the site is already zoned to include apartments.

The project will be built around a central park. Binkley said that park and the community’s walkability are its most important aspects.

The apartments are located near the site Boyle sold IMC Cos. to build its new headquarters on. The 50 recently graded acres also include sites for other office buildings, retail and, potentially, a hotel, which Binkley said will be built “as the market dictates.”

Clyde Patton and Bruce Taylor of Patton & Taylor Enterprises are co-developing the project with Boyle. Memphis-based LRK and Nashville-based Kiser + Vogrin Design are designing the project. Memphis-based Fisher Arnold is engineering it.

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Developers Closely Watch Germantown’s Plans for Golf Course

The Daily Memphian

By Tom Bailey

January 25, 2019

A cyclist cruises down the entry drive to Germantown Country Club during his routine 10 mile route. Residents of the neighborhoods surrounding the golf course frequently bike or walk through the courses golf cart paths. (Houston Cofield/Daily Memphian)

The venerable Boyle Investment Co. is among the development companies closely watching what Germantown and the property owners want to do with Germantown Country Club’s 180 acres.

So is Kevin Hyneman Cos., which has transitioned over the years from building starter homes by the hundreds to subdivisions of $1 million-plus houses around Nashville.

Some developers are watching to see if club members might buy and maintain the golf course, or to see if the city will purchase it for a public park.

If those things don’t happen, developers will watch to see which real estate broker markets the property and what the timetable and process for a sale would be.

And even if the property is offered for housing, some developers will take Germantown’s temperature before diving in. The suburb has proven to be difficult – or cautious – toward developers who propose new things, whether they be apartments, high density or in this possible scenario, changing a golf course into high-end housing.

“I would pursue this with extreme caution,’’ Hyneman said Friday. “Right now, Germantown is a very difficult environment to be a developer out there. … The environment there is volatile and emotions are so high, it will run some people off that normally have an interest.”

Boyle Investment Co.

Whether the 86-year-old company becomes involved in any redevelopment or not, Boyle has a point of view that no other firm could possibly have: Boyle developed Germantown Country Club (then called Farmington Country Club) and the surrounding residential neighborhoods from agricultural fields a half-century ago.

“It was the first thing I worked on in 1968 or ’69 when I came to work at Boyle,’’ said Russell Bloodworth Jr., now an executive vice president. “I worked on one of the golf pavilions.”

The family trust that owns the 18-hole course with clubhouse, tennis courts and a swimming pool announced the club will close Feb. 28.

Germantown Mayor Mike Palazzolo has said the city will study the possibility of buying the property for a park. A parks master plan steering committee will meet about the issue Feb. 9 to make a recommendation.

TOM BAILEY: Germantown starts study of possible golf course purchase

Otherwise, Palazzolo has said he would oppose the property being rezoned for commercial uses. The site has underlying, residential zoning for lots that are at least 15,000 square feet.

Boyle Investment Co. has a large portfolio of high-end commercial, office and residential developments.

“We are certainly interested in particularly larger parcels that are well-located,” Bloodworth said. “We would be interested if that was in the best interest of Germantown and the surrounding residents; that would be key.”

Boyle has been “watching the situation to some degree” since club members were informed of plans to close.

“If it did not become a park or continue as a golf enterprise and was to be developed for a different use, I would assume the use would need to be residential,” Bloodworth said. “And the mayor was clear that was his perspective as well.”

The Germantown Country Club is under new management with possible development plans for the golf course which may include a new neighborhood community. (Houston Cofield/Daily Memphian)” src=”https://boyle.com/api/image/5503/740″ border=”0″ data-largeheight=”2182″ data-largewidth=”3000″ data-large=”/api/image/5503/960″>

The Germantown Country Club is under new management with possible development plans for the golf course which may include a new neighborhood community. (Houston Cofield/Daily Memphian)

The property bounded by Farmington to the south, Kimbrough to the west and Wolf River Boulevard to the north has rolling hills and mature pines and oaks.

“It could be terrific” for development of new houses, Bloodworth said. “It does have some challenges because you have got to be really thoughtful about all the adjoining homeowners if you did do any development.

“I’ll be happy if it remains open space and will be happy if it’s well and beautifully developed, but won’t be if it’s not.”

Bloodworth has weighty credentials. A graduate of the University of Virginia who studied environmental design at Yale, he received a lifetime achievement award from the Lambda Alpha real estate fraternity in 2010, was inducted into the Commercial Real Estate Hall of Fame by the Memphis Area Association of Realtors in 2009, and is a past president of the Memphis chapter of the Urban Land Institute.

He describes the theme running through Boyle’s residential developments as “great attention to the natural landscape and the environment.’’ The company also imposes some architectural control that raises the quality of the house designs in its developments, he said.

“All of those things need to be employed no matter who does it at the Farmington community, if the city mothers and fathers decide they are open to actually having it developed.”

Among the leafy, residential developments Bloodworth and Boyle have built over the decades are: additions to River Oaks such as The Cloisters and Gardens of River Oaks, and Green Shadows and Blue Heron, all in East Memphis; Schilling Farms and Spring Creek Ranch in Collierville; and The Pinnacle and Allelon, both in Germantown.

A residential redevelopment at the golf course could be special, Bloodworth indicated.

“The main thing that would make a wonderful development to me is the small pockets … small clusters of houses and open space where you’d need buffering between existing homes and what is now the course.”

Kevin Hyneman Cos.

Hyneman has done the rough assessment and math, which shows a residential redevelopment of the golf course could work financially, he said.

Only about half the acreage is buildable because of flood-prone areas, meaning about 150 houses could be built, he estimated.

Like Bloodworth, Hyneman said he would be happy if club members bought and kept the course open or the city bought it for a park.

“It’s an emotional piece of property for the city, citizens and a lot of people that hate to see it be developed for residential development. I think it’s highly likely the city will be able to put together a deal,” Hyneman said.

But if that doesn’t happen, “we’d be bidding on the property,” he said.

It’s challenging these days for a private golf course to succeed. Owners of the semi-private Stonebridge Golf Course have defaulted on their loan and the Lakeland course is scheduled to be sold to the highest bidder on the courthouse steps next month. Colonial Country Club has closed one of its two courses with plans to redevelop it.

“It’s just hard for a club to make money these days,” Hyneman said. “You’ve got deferred maintenance, you can’t continue to increase the dues and maintain the club.”

Hyneman’s rough calculations for redeveloping the site include estimating the cost for asphalt, curbs and gutters, grading, drainage work, and amenities like walls and a possible pool.

To absorb the costs and make a profit, he said, “you’re looking at million-dollar houses.”

Build out would likely take 10 years, he said. “You’ve got to put forth the time and effort to manage the elevations (exterior appearance of the houses), the streetscape, and maintain. It’s not something you develop, sell the lots and walk away.”

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Boyle Investment Co. Celebrating 85th Year

Memphis Daily News

March 25, 2018

Boyle Investment Co. celebrated its 85th anniversary with a luncheon on Friday, March 23, for its 113 employees on the top floor of its new Class A office building at 949 S. Shady Grove Road.

That new office building also marks the complete build-out of the Ridgeway Center, a 204-acre mixed-use development launched in the early 1970s in East Memphis.

Boyle is one of Memphis’ oldest real estate development, sales, leasing and management firms.

The two largest mixed-use developments of Boyle’s are Ridgeway Center and Schilling Farms, which as been under development in Collierville for 20 years as of 2018.

The 443-acre Schilling Farms community features newly completed projects such as a 50,000-square-foot ‘Class A’ office building, the second phase of The Carrington multifamily project, and a 9,000-square-foot retail center. Schilling Farms has become a popular site for corporate headquarters in recent years – it is home to Helena Chemical Corp. and Mueller Industries Inc. is constructing its new corporate headquarters there.

Boyle made its first foray outside the Memphis market in 2001, opening an office in Nashville, where it has grown from two employees to 30. Boyle Nashville LLC and their joint venture partners have acquired, developed and manage more than 3.2 million square feet of commercial space, and have more than 532,000 square feet of commercial space under construction.

Since its founding in 1933, Boyle remains family owned with the third generation now involved in management. The company is led by Henry Morgan, co-chairman, and Paul Boyle, president. Other family members include Bayard Boyle Jr., co-chairman, and executive vice presidents Henry Morgan Jr. and Bayard Morgan.

Boyle also has 31 employees who have been with the company for more than 20 years, including Mark Halperin (45 years), Joel Fulmer (46 years) and Russell E. Bloodworth Jr. (49 years).

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Boyle Investment Company Celebrates 85th Anniversary; Marks Significant Milestones in Memphis and Nashville

MEMPHIS, Tenn., March 23, 2018 – This year marks the 85th anniversary of Boyle Investment Company, one of Memphis’ oldest real estate development, sales, leasing and management firms.  To celebrate, the company is hosting a luncheon on March 23 for its 113 employees on the top floor of its new ‘Class A’ office building at 949 S. Shady Grove.

The 85th anniversary marks the achievement of significant milestones at two of Boyle’s largest projects in the Memphis region: Ridgeway Center and Schilling Farms.  In the fourth quarter of 2017, Boyle celebrated the grand opening of 949 Shady Grove, a new ‘Class A’ office building on the last remaining site in Ridgeway Center office park, marking final completion of the 204-acre mixed-use development launched in the early 1970s in East Memphis.  Also, this year marks the 20th anniversary of Boyle’s 443-acre Schilling Farms community in Collierville, where newly completed projects include a 50,000-square-foot ‘Class A’ office building, the second phase of The Carrington multi-family project, and a 9,000-square-foot retail center.

Boyle also celebrates significant milestones in the Nashville region, where in 2001 the company opened an office which has grown from two employees to 30 employees today. Under the direction of Phil Fawcett and Jeff Haynes, Boyle Nashville, LLC and their joint venture partners have acquired, developed and manage more than 3.2 million square feet of commercial space, and have more than 532,000 square feet of commercial space under construction.  Large-scale projects in Nashville include Capitol View, which will offer 1.1 million square feet of ‘Class A’ office space, 130,000 square feet of specialty retail/restaurant space, 378 luxury apartments, a Hampton Inn & Suites, a 2.5 acre urban activity park, and a jogging/biking trail connected to Nashville’s greenway system.  The last two years have brought explosive growth at Berry Farms in Franklin, with four major headquarters announcements at the 600-acre mixed-use project, which also includes a town center and a variety of residential communities.  Construction is underway on McEwen Northside, a 45-acre development in Cool Springs that offers fully integrated office, retail, residential and green spaces.  Boyle’s Nashville office is located at the company’s own 60-acre Meridian Cool Springs development, which offers more than 900,000 square feet of office and 90,000 square feet of retail space.

Since its founding in 1933, Boyle remains family owned with the third generation now involved in management. The company is led by Henry Morgan, Co-Chairman, and Paul Boyle, President. Other family members include Bayard Boyle, Jr., Co-Chairman, and Executive Vice Presidents Henry Morgan, Jr. and Bayard Morgan.

One of the company’s greatest assets is its “deep bench” of experts – longtime employees who have stayed with the company for years. Boyle has 31 employees who have been with the company for more than 20 years.  Their expertise and long-term involvement with the company have been a great plus.  Three non-family members have been with the company for more than 40 years:  Mark Halperin, 45 years; Joel Fulmer, 46 years; and Russell E. Bloodworth, Jr., 49 years.

Over the years, Boyle has made a profound impact on the city of Memphis.  A Boyle family ancestor, John Overton, founded Memphis in 1819 in partnership with Andrew Jackson.  In the early 1900s, Edward Boyle developed stately Belvedere Boulevard in Midtown.   Boyle Investment Company was founded in 1933 by three of Edward Boyle’s sons – Snowden, Charles and J. Bayard, Sr.   The 1960s saw the development of River Oaks and Farmington. In the 1970s, Boyle paved the way for the city’s growth eastward with one of Memphis’ first office parks, Ridgeway Center, which today offers more than 2 million square feet of space.  In the 1980s, Boyle began development of Humphreys Center, which has become East Memphis’ bustling medical/office center.  The 1990s saw the development of even more ambitious projects such as the 443-acre Schilling Farms community in Collierville.  The company also developed numerous retail centers in the Memphis area during this period, including Regalia, Shops of Humphreys Center, Shops of Forest Hill, and Gallina Centro, as well as Preston Shepard Place and Southwest Crossing in Texas.   Boyle Nashville, LLC was formed in 2001 and has grown to be the largest developer in the region.  Boyle Insurance Agency, headed by Cindi Gresham, continues to thrive and offers both commercial and personal lines of insurance.

Our grandfather, Bayard Boyle, Sr., and his two brothers initially focused their efforts on buying land and developing residential subdivisions and shopping centers,” says Paul Boyle, President. “He had a remarkable ability to identify and acquire properties in areas that would soon become major growth corridors.  Today, we still stick to these same principals of careful research and planning, whether it’s a residential subdivision, a shopping center, or an office building that we are developing.”

While the company focuses a great amount of resources in the office and retail sectors of the commercial real estate market, the company also is known for its high-end residential communities including River Oaks, The Cloisters, Chartwell, Green Shadows, Blue Heron, the Gardens of Southwind, Golfwalk at Southwind, Riveredge, Bedford Plantation, and Spring Creek Ranch just to name a few.  Boyle is currently active in the Germantown market with development of The Pinnacle of Germantown and Allelon, and is moving forward with additional phases at Spring Creek Ranch in the Collierville Reserve and Twin Lakes of Piperton.

“We’ve built a strong company because the family, from the beginning, has been committed to developing for long-term value,” says Henry Morgan, Co-Chairman.  “We operate on the belief that properties are long-term investments that should be carefully planned, built, and maintained.  With all of our activity in Memphis and Nashville, we think the future looks mighty bright.”

 

 

 

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Music Row businesswoman Missi Gallimore brings Coffee and Coconuts to Berry Farms

Missi.GallimoreCoffee and Coconuts
Missi Gallimore, owner
4000 Hughes Crossing suite 120, Franklin, TN 37064
(615) 905-6999
www.facebook.com/CoffeeandCoconutsTN

Say the name Missi Gallimore around Music Row and everyone will know who you are talking about. She and husband/producer Byron Gallimore are the team behind the careers of Tim McGraw, Faith Hill and Keith Urban.

While she has spent her career in search of great songs for some of country’s biggest names, Gallimore also owns three publishing companies, is doing A&R (artist and repertoire) for Urban’s new record and a duets album for Tim and Faith. But amid all of that, she wanted to find a way to include two of her other favorite things in her business life: the beach and coffee.

After years of research, planning and development, in June of this year, Gallimore opened the beachy-themed Coffee and Coconuts in the developing Berry Farms area just south of Franklin. The busy music mogul sat down over a latte to talk about how this side business dream became reality.

How did you come up with the idea to open a coffee shop?

I had been wanting to do something outside of the music industry because everything I do is music. I wanted an outlet and in addition to loving music, I also love coffee and the beach. At first, I wanted to do something in Alys or Rosemary Beach, but the distance made it hard. I was sitting across the street at Tito’s one day and they were finishing building this place and it just popped into my head to do it here.

What made Berry Farms a good location for you?

We live in Thompson’s Station and have been watching this area grow for a while. It’s a little scary, but this is a 600-acre development and there is all kinds of stuff coming here. It’s close to us and we thought it would be a good place to start. With Lee Company, Dave Ramsey, Hampton Inn and businesses like that coming here, it’s definitely going to be great.

The beachy vibe in here is great. How did you decide on the look and feel?

We go to the Exumas with Tim and Faith a lot. They have an island that has a very special place in my heart. I just love the whole white sand, islandy, clean vibe. Every shell in here Faith and I dug up. We spend hours just digging for shells. The pictures on the walls here are of our kids in the Exumas. I just wanted that beachy islandy, vacation kind of feel.

And the pink flamingos in the ladies’ room?

That just randomly happened. Everything in here is taken from something I saw on Pinterest. I saw this wallpaper on Pinterest and I thought “Oh my gosh, I have to find that wallpaper.” We see on Instagram that people take selfies in there with the flamingos.

How did you come up with the name Coffee and Coconuts?

The name came from when I think of coconuts, it makes me think of being on vacation. We serve our coconut water in real coconuts, too!

What was your goal in opening this business?

All Byron and I have done is in the music business. We’ve been talking for a long time about doing a little side thing just to get away from the music business a little bit. We have lived and breathed it for so long. I still love it and I still have a passion for finding songs, but it’s nice to have something else on the side.

Do you end up bringing the music business down here?

Yes. I come here and do business a lot. It’s a little far from Music Row, but some of the song plugger groups I work with come here and we sit back there in the corner and they play me songs. I do it whenever I can.

How do you manage owning this business and being busy on the Row?

I have damn good people helping me. I have an assistant who I rely on a lot, her name is Susie Joyce. I have Spencer Connatser managing this place. Spencer was a French teacher at BGA (Battle Ground Academy). He worked at Starbucks and he knew his coffee. He had been consulting with me through the process. One day I said, “do you want to run this place?” He said, “I thought you’d never ask!” We are learning all of this together. You have got to surround yourself with a great team.

Do you bounce back and forth a lot?

I do. I come in here early in the mornings and I work. I am very hands-on. About 10, I leave and go do my music business stuff. I come back around 3 and I work here and do music business stuff. I stay until we close. That’s how I make it all work.

The coffee must be pretty good to keep you fueled throughout your day?

Yes! I went to every coffee shop in town when I was doing my research before we opened. I stalked them all. I discovered Muletown Coffee out of Columbia. I love those guys. They are all songwriters from Muscle Shoals, so it was a perfect fit for me. I met with Revelator Coffee as well. Austin is also a singer songwriter, so for now we brew those two coffees.

Originally Published in The Tennessean

By Melonee Hurt

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

Financial backer revealed for hotel in Gulch’s Capitol View development

An increasingly aggressive investor from Ohio is fueling a 10-story hotel that’s part of a $750 million mixed-use downtown development helping spur the revitalization of Charlotte Avenue.

Rockbridge Capital, of Columbus, is the equity partner in a 168-room hotel to be built as part of the Capitol View development anchored at 1100 Charlotte Ave. Rockbridge made the announcement Aug. 25, the same day in which a newly filed deed showed that a joint venture between Rockbridge and Franklin-based hotel developer Chartwell Hospitality paid $4.5 million for 0.4 acres of the Capitol View project.

This will be Rockbridge’s third hotel in Nashville, underscoring the influx of out-of-state newcomer investors looking to seize on the seemingly ever-rising demand for rooms in Nashville. Rockbridge is overhauling a former downtown office building into a 226-room boutique hotel. Last year, Rockbridge paid the third-highest price ever for a Nashville hotel, buying the Hilton Garden Inn in SoBro from Chartwell at a price of $375,000 per room.

“Nashville is a dynamic city and hotel market, and we are excited to deepen our roots with our third investment downtown,” Rockbridge CEO Jim Merkel said in an Aug. 25 statement. Rockbridge and Chartwell bought their slice of the 32-acre Capitol View project — one of the biggest developments in Nashville — from developer Boyle Investment Co. and its financial backer, Northwestern Mutual.

In December 2016, the Nashville Business Journal was the first to report the hotel’s brand and Chartwell’s involvement. The hotel, set to open in summer 2019, will be located next to a 10-story office building that will feature the headquarters of HealthStream Inc. (Nasdaq: HSTM). Hampton Inn is a flag of Hilton (NYSE: HLT).

Originally Published in the Nashville Business Journal

By Adam Sichko

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]

$45M Apartment Complex Planned for Germantown, Collierville Border

Memphis Business Journal

By Jacob Steimer

Boyle Investment Co. is preparing to build a four-story, 375-unit apartment complex on Winchester Road in southeast Germantown.

The 25-acre project, located on the city’s border with the Town of Collierville, is set to cost about $45 million. It would include 19 buildings, a 196-space parking garage and a 431-space surface lot, according to the developer’s application to Germantown’s Planning Commission.

“The market seems to be saying there’s need for multifamily in Germantown,” said Boyle’s Les Binkley, who’s leading the development.

Boyle is seeking several warrants from the commission, including one to surpass the parcel’s current three-story height limit.

“Really the only purpose of going to four stories is being able to put elevators in the buildings,” Binkley said. “I think it’d be a nice offering for the market. … Putting an elevator in a three-story building doesn’t work economically.”

Binkley said the project, currently named “Viridian,” is in keeping with other Germantown projects in terms of units per acre. Boyle’s project calls for 15 units per acre, which matches multiple other projects — including Miller Creek at Germantown — that have been approved for 15 or 16 units per acre.

Boyle is under contract to buy the land — located about half a mile from Winchester’s intersection with Houston Levee Road — from a group of owners that includes Henry Turley, John Goodwin, Steven Beem, James Massey, Ralph Robison and Beverly Marrero.

Turley said he agreed to sell his part of the land, about 10 acres, to Boyle for about $1.3 million. “You got a good developer and a good development,” Turley said. “We thought it was a good land use.”

The planning commission’s staff recommended that the developers make some small revisions to their plan before it is given approval.

Boyle’s application is set to be discussed at a Germantown planning commission subcommittee on Wednesday, Aug. 16, and the city’s full planning committee meeting Sept. 5.

“On Wednesday, we’ll hopefully work through [the suggested revisions] and be squared away to present at the full planning meeting,” Binkley said.

The project would create about $355,000 in annual property tax revenue, according to the staff’s analysis. Binkley said rents at the apartment complex would be at least $1.50 per square foot.

Recent News

Blue Sushi Expands in Nashville Market with the opening of McEwen Northside Location in Franklin, TN

March 25, 2024

Restaurant and cocktail bar concept by Omaha’s Flagship Restaurant Group is currently the country’s largest sushi restaurant group running a sustainably sourced seafood program in partnership with the prestigious Monterey Bay Aquarium Seafood Watch. Franklin location marks concept’s second foray in the Nashville market and restaurant group’s 45th opening.   NASHVILLE, TENNESSEE – MARCH 25, 2024 […]

Gallatin Taps Boyle Investment Co. to Transform Downtown

March 11, 2024

The city of Gallatin is partnering with a prominent Tennessee developer to transform its downtown.   Gallatin, Tenn. (3/11/2024) –Boyle Investment Co. has been tapped by city officials to redevelop Gallatin’s downtown square and create a new city hall. “Gallatin’s downtown square is a premier destination for both residents and visitors, embodying the heartbeat of our […]

Adam Ballash Named Partner At Boyle Investment Company

March 06, 2024

After 16 years as the development manager who brought some of Middle Tennessee’s most celebrated mixed-use destinations to life, Boyle Investment Company has named Adam Ballash as partner. “Adam has always had a passion for creating great places, and he’s really invested himself in his craft and his community,” said Boyle Nashville Managing Partner Phil […]