After years of delays, McEwen Northside mixed-use development under way in Cool Springs

The Tennessean

June 29, 2018

FRANKLIN — One of the more lucrative tracts of commercial land remaining in Cool Springs, the 45-acre parcel across McEwen Drive from Whole Foods on the west side of I-65 is finally poised to be more than a fenced-off pile of dirt and rocks.

Known as McEwen Northside, the tract of land was initially slated to be developed in 2007 by Southern Land Company. After the recession in 2008, and multiple sales of the land, the property landed in the hands of Boyle Investment Company last year.

Phil Fawcett, partner at Boyle Investment Co., said they were brought on board to develop the site’s master plan and define how the land would be used.

“Master planning always starts with the market and how we feel like we can meet the market,” Fawcett said. “In this case, it’s the office market, the residential market and the retail market we focused on. Then we focus on taking the characteristics of the property and celebrate those as best we can.”

He said nestling the project into the existing residential (Dwell at McEwen) and retail (Whole Foods) that surrounds the property was also a priority as the plans evolved.

“We want to make sure this project fits into the context of what’s already there and try to enhance it,” he said. “Ultimately, we wanted to differentiate this project from anything else in Cool Springs.”

Boyle, in partnership with multifamily developer Northwood Ravin, has begun construction on the first phase, which will consist of a Class A, mixed-use office and retail building, restaurants and luxury multifamily units arranged around a 2-acre central park. This phase is slated for a late 2019 opening.

The mixed-use office/retail building will have ground-floor retail and be topped with Class-A office space. Expected completion is September 2019 for tenant occupancy.

The multi-family residences will be located within walking distance from the mixed-use office and retail buildings and the central park. The apartments will include 10-foot ceilings, modern kitchens and bathrooms, elevator access, a premium health and fitness center, spa and resort-style pool and clubhouse.

But beyond square footages and building footprints, developers at Boyle wanted this project to bring a more urban-minded sense of community and lifestyle to Cool Springs.

“We wanted it to be walkable,” Fawcett said. “Residents of McEwen Northside and from Dwell next door should be able to walk to Whole Foods. All of our buildings have retail on the ground floor, so you can live there, work there and hang out there. We wanted to be sure people had a place to gather, meet and work outside of their office. That’s what we are hoping to accomplish. We want it to be a unique destination in Williamson County.”

Although he couldn’t reveal any names yet, he said there is already interest in the project from several retailers. He added that the goal is to lure the best of the local retailers and only very unique regional and national ones.

“We want retailers that don’t have a chain feel to them,” he said. “We want this to feel more like a 12th South or the Gulch and bring that to Williamson County.”

Thomas McDaniel, partner and director of office properties at Boyle Investment Co., describes this development as a new vibrant, urban commercial district in Cool Springs.

“The smart blend of local and national chef-driven restaurants and retail shops, a business-class hotel, interactive green spaces, and upscale residential apartments makes McEwen Northside a destination unto itself, with the added benefit of perfect proximity to the best of Cool Springs, providing a competitive advantage for companies interested in attracting and retaining top talent and driving productivity.”

For more information on McEwen Northside, go to McEwenNorthside.com.

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Construction Begins on 45-Acre Cool Springs Project

Williamson Source

June 27, 2018

In addition to the construction of the infrastructure, which is well underway, Boyle Investment Company, in partnership with Northwood Ravin, has begun construction on the first phase of vertical construction of the 45-acre McEwen Northside project in Cool Springs.

This phase includes a Class A mixed-use office/retail building, unique restaurants, and luxury multi-family all organized around Central Park, a truly unique 2 acre tree lined interactive open space. Phase one will be completed in the third quarter of 2019. The total investment in McEwen Northside phase one and infrastructure is approximately $140 million. Northwestern Mutual, who has a long-standing relationship with Northwood Ravin and Boyle, is the lender for this phase. Construction for the project is being performed by a team with a long track record of delivering quality projects; Jones Bros. on the infrastructure, Bell Construction on the mixed-use office/retail building, and Northwood Ravin on the residences.

The office/retail building is 210,000 SF and has been released on a speculative basis with expected completion in September 2019 for tenant occupancy. The mixed-use office/retail building is eight stories, including 183,000 SF across seven floors of class A office above 27,000 SF ground floor retail/restaurant space.

The multi-family residences will include 274 luxury units located within walking distance to the mixed-use office/retail buildings and the Central Park. The apartments will include 10’ ceilings, modern kitchens and bathrooms, elevator access, a premium health and fitness center, spa, and resort style pool and clubhouse.

The infrastructure includes road improvements such as extending Aspen Grove Drive from Jordan Road to McEwen Drive, connecting McEwen Northside 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 McEwen Northside.

“McEwen Northside offers a unique urban experience in the core of the compelling Cool Springs submarket,” says Phil Fawcett, Partner at Boyle Investment Company. “Fully integrating the office, residential, retail, restaurant, hotel and open space components in an intimate and walkable district, McEwen Northside delivers a vibrant urban experience in the suburbs of Williamson County.”

Taking advantage of the high quality growth in Williamson County, McEwen Northside will build upon Cool Springs’ strengths and bring a completely new, walkable, urban experience to the region.

“McEwen Northside will be a vibrant, urban commercial ‘district’ in Cool Springs. The design integrates state-of-the-art Class A office space with a walkable campus of mixed-use amenities, all carefully planned and selected to reinforce a more collaborative and dynamic work environment,” says Thomas McDaniel, Partner and Director of Office Properties at Boyle Investment Company. “The smart blend of local and national chef-driven restaurants and retail shops, a business class hotel, interactive green spaces, and upscale residential apartments makes McEwen Northside a destination unto itself, with the added benefit of perfect proximity to the best of Cool Springs, providing a competitive advantage for companies interested in attracting and retaining top talent and driving productivity.”

The McEwen Northside office building will offer efficient floor plates and convenient covered parking via an adjacent parking garage. More importantly, the open spaces provide regular opportunities for employees to engage and collaborate in creative ways for a more productive and dynamic work environment. This intimate and vibrant urban environment in the suburbs provides a unique employee experience and works as a hiring and retention tool for top talent.

McEwen Northside offers a unique urban experience with top local and national retail and restaurant brands in the core of a leading suburban market with high disposable income.

By combining the best Nashville-native businesses with a thoughtfully curated list of benchmark brands and new-to-Nashville experiences, McEwen Northside will be the go-to destination in Cool Springs.

The 2 acre Central Park at McEwen Northside will be a unique interactive amenity in Cool Springs for gathering, meeting, dining or just relaxing to enhance the experience for all of the users of McEwen Northside. Central Park will contain outdoor meeting and work spaces, water features, an activity lawn, and an event plaza with attractive landscaping.

The sophisticated apartment residences at McEwen Northside are designed to blend seamlessly into the 45-acre urban neighborhood of plazas and parks, providing residents easy access to a dynamic community of best-in-class Nashville shopping and eating experiences, collaborative offices and contemporary hotel space.

About McEwen Northside
McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 750,000 square feet of Class A office space, 100,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 580 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community. https://mcewennorthside.com/

About Northwood Ravin
Northwood Ravin is a privately held multifamily development, construction and property management firm that serves the Southeast and currently has 6 other projects under construction or in lease up in Texas, Florida, Georgia, Virginia and North Carolina, including three major mixed-use projects in Nashville, Dallas and Chapel Hill. The Northwood Ravin team has developed, managed and constructed over 46 luxury apartment communities, each individually designed and crafted for its specific site and submarket. Its current residential portfolio is comprised of 18 projects and 7,523 units across six states in the Southeast representing a gross capitalization of approximately $2 billion.

Known for its award-winning sustainable luxury apartments, Northwood Ravin prides itself on careful planning, precise execution and attention to detail. Northwood Ravin develops apartment communities and mixed-use venues with a singular focus: to create communities that foster healthy lifestyles, neighborhood involvement and appealing living environments. Based in North Carolina with offices in Charlotte, Raleigh, and Tampa, Northwood Ravin has projects from Northern Virginia to Nashville and Tampa to Dallas. www.northwoodravin.com.

About Boyle Investment Company
Boyle Investment Company pioneered the development of complex, large-scale mixed-use communities to transform and serve the community by setting the standard for sustainable developments that thrive over the long term. Boyle is one of the largest and most tenured real estate firms in the southeast, leading with a conservative approach and commitment to quality. Through foresight, integrity, ingenuity and commitment, Boyle Investment Company delivers results, consistently creating environments that endure the test of time.

Founded in 1933 in Memphis, the Nashville office opened in 2001 and has assembled a portfolio of approximately 3 million square feet of commercial space with 5 million additional square feet in the development and planning stages.

Boyle provides on-site commercial leasing, management, and development services at McEwen Northside. Other notable Boyle mixed-use projects include Berry Farms, Meridian Cool Springs, CityPark Brentwood and Capitol View Nashville. www.boyle.com

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Work starts on $140M Cool Springs project

Nashville Post

June 27, 2018

Boyle Investment Co. and Northwood Ravin have begun construction on the $140 million first phase of the 45-acre McEwen Northside project in Cool Springs.

According to a release, the phase includes a Class A mixed-use office/retail building, restaurants, and apartment structure — all oriented in proximity to a two-acre park.

Phase one will be completed in the third quarter of 2019. A 2018 finish had been eyed when the project was originally announced in April 2017.

Northwestern Mutual, which has a long relationship with Northwood Ravin and Boyle, is the lender for the first phase. The construction team includes Jones Bros. on the infrastructure, Bell Construction on the mixed-use office/retail building and Northwood Ravin on the residences.

The office/retail building will span 210,000 square feet and is being undertaken on a speculative basis (with expected completion in September 2019 for tenant occupancy). The mixed-use office/retail building will be eight stories, including 183,000 square feet of Class A office space and 27,000 square feet of ground-floor retail/restaurant space.

The multifamily building will have 274 luxury units. The apartments will include 10-foot ceilings, contemporary kitchens and bathrooms, elevator access, a fitness center, a spa and a resort style pool and clubhouse.

The infrastructure work includes extending Aspen Grove Drive from Jordan Road to McEwen Drive, connecting McEwen Northside 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 McEwen Northside.

“McEwen Northside offers a unique urban experience in the core of the compelling Cool Springs submarket,” Phil Fawcett, Boyle partner, said in the release. “Fully integrating the office, residential, retail, restaurant, hotel and open space components in an intimate and walkable district, McEwen Northside delivers a vibrant urban experience in the suburbs of Williamson County.”

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Boyle announces that vertical construction has started at Northside McEwen

Brentwood Home Page

June 26, 2018

After months of site preparation and infrastructure construction, Boyle Investment Company, in partnership with Northwood Ravin, has begun construction on the first phase of vertical construction of the 45-acre McEwen Northside project in Cool Springs.

This phase includes a Class A mixed-use office/retail building, restaurants, and luxury multi-family all organized around Central Park, a two-acre tree lined interactive open space. Phase one will be completed in the third quarter of 2019.

The total investment in McEwen Northside phase one and infrastructure is approximately $140 million.

Northwestern Mutual, which has a long-standing relationship with Northwood Ravin and Boyle, is the lender for this phase.

Jones Bros. is handling construction on the infrastructure, Bell Construction is creating the mixed-use office/retail building, and Northwood Ravin is building the residences.

The office/retail building is 210,000 SF and has been released on a speculative basis with expected completion in September 2019 for tenant occupancy. The mixed-use office/retail building is eight stories, including 183,000 SF across seven floors of class A office above 27,000 SF ground floor retail/restaurant space.

The multi-family residences will include 274 luxury units located within walking distance to the mixed-use office/retail buildings and the Central Park. The apartments will feature 10-foot ceilings, modern kitchens and bathrooms, elevator access, a premium health and fitness center, spa, and resort style pool and clubhouse.

The infrastructure includes road improvements such as extending Aspen Grove Drive from Jordan Road to McEwen Drive, connecting McEwen Northside 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 McEwen Northside.

“McEwen Northside offers a unique urban experience in the core of the compelling Cool Springs submarket,” says Phil Fawcett, Partner at Boyle Investment Company. “Fully integrating the office, residential, retail, restaurant, hotel and open space components in an intimate and walkable district, McEwen Northside delivers a vibrant urban experience in the suburbs of Williamson County.”

McEwen Northside will build upon Cool Springs’ strengths and bring a completely new, walkable, urban experience to the region.

“McEwen Northside will be a vibrant, urban commercial ‘district’ in Cool Springs. The design integrates state-of-the-art Class A office space with a walkable campus of mixed-use amenities, all carefully planned and selected to reinforce a more collaborative and dynamic work environment,” says Thomas McDaniel, Partner and Director of Office Properties at Boyle Investment Company. “The smart blend of local and national chef-driven restaurants and retail shops, a business class hotel, interactive green spaces, and upscale residential apartments makes McEwen Northside a destination unto itself, with the added benefit of perfect proximity to the best of Cool Springs, providing a competitive advantage for companies interested in attracting and retaining top talent and driving productivity.”

The McEwen Northside office building will offer efficient floor plates and convenient covered parking via an adjacent parking garage, with open spaces where employees can engage and collaborate.

The two-acre Central Park at McEwen Northside will contain outdoor meeting and work spaces, water features, an activity lawn, and an event plaza.

The apartment residences at McEwen Northside are designed to blend seamlessly into the 45-acre urban neighborhood of plazas and parks, shopping and eating experiences, collaborative offices and contemporary hotel space.

McEwen Northside will include approximately 750,000 square feet of Class A office space, 100,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 580 luxury apartments, and upwards of 10 acres green spaces to seamlessly connect the community. https://mcewennorthside.com/

About Northwood Ravin

Northwood Ravin is a privately held multifamily development, construction and property management firm that serves the Southeast and currently has 6 other projects under construction or in lease up in Texas, Florida, Georgia, Virginia and North Carolina, including three major mixed-use projects in Nashville, Dallas and Chapel Hill. The Northwood Ravin team has developed, managed and constructed over 46 luxury apartment communities, each individually designed and crafted for its specific site and submarket. Its current residential portfolio is comprised of 18 projects and 7,523 units across six states in the Southeast representing a gross capitalization of approximately $2 billion.

Known for its award-winning sustainable luxury apartments, Northwood Ravin prides itself on careful planning, precise execution and attention to detail. Northwood Ravin develops apartment communities and mixed-use venues with a singular focus: to create communities that foster healthy lifestyles, neighborhood involvement and appealing living environments. Based in North Carolina with offices in Charlotte, Raleigh, and Tampa, Northwood Ravin has projects from Northern Virginia to Nashville and Tampa to Dallas. www.northwoodravin.com.

About Boyle Investment Company

Boyle Investment Company pioneered the development of complex, large-scale mixed-use communities to transform and serve the community by setting the standard for sustainable developments that thrive over the long term. Boyle is one of the largest and most tenured real estate firms in the southeast, leading with a conservative approach and commitment to quality. Through foresight, integrity, ingenuity and commitment, Boyle Investment Company delivers results, consistently creating environments that endure the test of time.

Founded in 1933 in Memphis, the Nashville office opened in 2001 and has assembled a portfolio of approximately 3 million square feet of commercial space with 5 million additional square feet in the development and planning stages.

Other notable Boyle mixed-use projects include Berry Farms, Meridian Cool Springs, CityPark Brentwood and Capitol View Nashville.

Boyle provides on-site commercial leasing, management, and development services at McEwen Northside.

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This major Cool Springs development opens next year

Nashville Business Journal

June 26, 2018

The first chunk of a major mixed-use development in the Cool Springs commercial hub will open in fall 2019, now that construction has begun.

The 45-acre McEwen Northside project will initially feature an eight-story building with office space, restaurants and stores, and a 274-unit apartment complex — all across from a 2-acre park. Bell & Associates Construction, of Brentwood, will build the office and retail space. The work is beginning without tenants in hand. That is a generally riskier move showing the confidence that a developer, and its financial backers, have in a particular market.

Those are some of the new details Boyle Investment Co. and Northwood Ravin are disclosing about their project. Last month, the companies cemented $78 million of construction financing from Northwestern Mutual Life Insurance Co. toward the total $140 million of infrastructure and commercial construction set to occur in the first phase of McEwen Northside.

By scale and price tag, the development is one of the biggest active projects in Williamson County. It is among the projects attempting to inject a more urban environment into suburban Cool Springs. The project creates new opportunity to lease space in the region’s longtime corporate office hub, and new apartments to rent in Franklin, which is one of the 10 fastest-growing large cities in the U.S.

Boyle and Northwood Ravin previously said their project would cost $270 million in full, headlined by about 750,000 square feet of office space, 580 apartments and about 100,000 square feet of retail and restaurants. Construction is imminent on a 150-room SpringHill Suites in the development. Given ongoing surges in construction costs, particularly the pay required to find and keep skilled laborers, the project as fully proposed would likely cost beyond that initial $270 million forecast.

Future phases of McEwen Northside would be dominated by office space, including a potential 220,000-square-foot building at the far east end of the property.

The site is located at 1130 W. McEwen Drive, across from the Whole Foods Market. A traffic light will be installed at McEwen and Aspen Grove Drive, to connect to that Whole Foods-anchored shopping center.

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New image released for Capitol View Hampton

Nashville Post

June 11, 2018

The development team behind the Hampton Inn & Suites Capitol View now underway in the North Gulch has released a new image for the building and has pushed back the completion date to fall 2019.

Franklin-based hotel operations and development company Chartwell Hospitality and Rockbridge, an Ohio-based investment firm that focuses on hotels, are undertaking the project. Previously, a summer 2019 completion had been eyed.

The Hampton Inn & Suites Capitol View will rise 10 stories and offer 169 rooms. Memphis-based Bounds & Gillespie Architects is the architect. See the previous rendering here.

The hotel will sit at the southwest corner of the intersection of 11th Avenue North and LifeWay Plaza. The project represents the two firms’ second hotel deal partnership. Rockbridge owns the Hilton Garden Inn in SoBro, which Chartwell developed and manages.

“Rockbridge has proven to be an excellent partner in delivering high-quality hotels and we are excited to collaborate with them on this unique project,” said Chartwell President Rob Schaedle said in a release.

In addition to 169 guest rooms, the Hampton Inn & Suites will contain 4,000 square feet of meeting space and a rooftop bar and pool.

Capitol View spans about 32 acres and is expected, once built out, to offer multiple buildings with a collective 1.1 million square feet of office space, 130,000 square feet of retail and restaurant space, 600 apartment units, a park/community space and jogging trails.

Rockbridge has invested in 223 hotel projects in 38 states, with the properties offering a collective $5.8 billion in capitalization.

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Capitol View: Master Planning a Dynamic Urban District

A cohesive yet flexible master plan sets the stage for this Nashville mixed-use development, which is now underway on a brownfield site.

From a 32-acre brownfield in a virtual wasteland once known as “Hell’s Half Acre” there now rises a $750 million walkable urban district stitching together its surroundings into a new modern neighborhood destination. Capitol View represents a dense, mixed-use development rising from an underutilized section of land adjacent to Nashville’s booming downtown area, known as the North Gulch. The site sat mostly vacant, save for a smattering of one-story light industrial and other vacant buildings, prior to the inception of this project.

“In the late 1800s, this area was known as ‘Hell’s Half Acre,’ home to new European immigrants and saloons. From there, it was home to various businesses and residences, including an ice house, a service station, a car dealership and Greyhound bus station. We have uncovered cobblestone roadbeds and outdated trolley tracks during our site work. We also discovered abandoned sewer lines dating to pre-civil war Nashville,” says Austin Webb, project manager, Hoar Construction, which is building Blocks D and E.

Northwestern Mutual Real Estate crafted the original vision for redeveloping this mostly vacant site, in the shadow of the Tennessee State Capitol, into a thriving, vibrant and dynamic mixed-use community. The firm gradually built up its holdings in Capitol View, acquiring 32 acres from two dozen different entities over a six-year period before bringing in the Nashville office of Boyle Investment Co. to develop the site.

With Boyle as the master developer, several different corporate owners, multiple design firms and more than 60 subcontractors are working on the project. When completed, Capitol View will consist of 1.1 million square feet of office space, 130,000 square feet of retail and restaurant space, 650 multifamily residences, more than 200 hotel rooms and a new urban park that will connect to Nashville’s Greenways trail system. The sheer size and scope of the Capitol View project required a complex master planning effort.

To successfully deliver Boyle’s mixed-use vision, the master plan needed to be flexible yet cohesive. Jeff Haynes, a principal in Boyle’s Nashville office, enlisted Cooper Carry to help Boyle realize its goal of revitalizing this part of the city. At the outset of the project, Boyle sold 10 of the 32 acres to HCA Healthcare, Nashville’s second-largest employer, which recognized the value of locating three of its subsidiary companies in a walkable urban environment. Boyle also attracted another local company, LifeWay Christian Resources, to anchor the north end of the project with its new headquarters office building on an approximately 2.7-acre block.

The Planning Process

Boyle Investment Co. tasked Cooper Carry’s Center for Urban Design with navigating the various needs of multiple property owners, developers and designers while creating a unified master plan. At the onset of the project, Cooper Carry took Capitol View’s developers, corporate owners and designers to the Washington, D.C., region to investigate lessons learned at similar types of projects. The group toured National Harbor, Bethesda Row, Rockville Town Center, Mosaic, CityVista, City Center DC, Constitution Square, The Yards and other developments. They discussed how these projects incorporated elements such as ground-floor retail space, street design, architectural continuity and public space programming.

That initial trip allowed the group to share a common experience, and helped everyone visualize potential opportunities and pitfalls to consider during the master planning process. It also provided an opportunity for Cooper Carry to sharpen its understanding of its partners’ objectives and goals, which has been invaluable throughout the project.

As the master plan evolved, the urban design team crafted design guidelines through a consensus-building process regarding a wide range of project goals and elements, including activating street edges, streetscape design continuity, building massing, pedestrian and vehicular access, and districtwide wayfinding. These efforts set the stage for a master plan that provides flexibility for each corporate user inside a cohesive urban district with an activated public realm.

The master plan embraces the gritty, rugged nature of the site, connecting it to adjacent repurposed brick warehouses and embracing its proximity to elevated freight rail lines. It aims to create an energized Main Street activated by shops and restaurants. This rebuilt portion of 11th Avenue north of Charlotte Avenue is only one block from the extension of Nashville’s Gulch Greenway trail, which links various parks and historic neighborhoods.

The master plan also incorporates a new 2.5-acre urban park that Boyle will develop over a sewer easement between two elevated CSX rail lines at the northeastern edge of the site. The park will be a central part of the project’s bike and pedestrian network. A series of once-forgotten tunnels running underneath the CSX lines will connect the park to the rest of Capitol View. Boyle is working with the city of Nashville to complete the park in 2018.

One of these tunnel connections aligns with Nelson Merry Street, which is the designated “festival street” that runs through the heart of Capitol View. Nelson Merry can be closed to vehicular traffic for festivals, concerts and other pedestrian-oriented events that will extend into the park from the rest of the development.

Development Begins

The final master plan encompasses six blocks (A-F) and the aforementioned urban park, as well as a seventh block that will be developed by others.

Block A. The first block to be delivered includes the 430,000-square-foot, 17-story HCA Tower, which opened in October 2016 and serves as the corporate headquarters for Sarah Cannon Research Institute, Parallon Business Solutions and HealthTrust, all subsidiary companies of HCA Healthcare. The building also includes 84,000 square feet of shared dining and conference space and more than 26,000 square feet of ground-floor retail space. This building has helped establish an aesthetic benchmark for Capitol View.

“As we began our search for office space for HCA subsidiaries Sarah Cannon and Parallon, we were drawn to the Capitol View site because of the location,” says Nick Paul, vice president of real estate for HCA Healthcare. “After conversations with Boyle and Northwestern Mutual, we knew we had found the right site and the right development partners because we share a common vision for Capitol View.”

Boyle’s early conversations with HCA executives centered on design models that would maximize activity on the street through an abundance of ground-floor options, from convenient lunch destinations and upscale dinner venues to creative office space, vibrant hotel lobbies and restaurants, plus patio spots featuring cocktails and live music.

The urban design team emphasized the importance of creating a flexible market-based retail strategy focusing active uses on 11th Avenue and Nelson Merry Street. The ownership team of Nashville’s popular M.L. Rose Craft Beer and Burgers cited the energy and unique magnetic draw of Capitol View in their decision to open a new location at the HCA Tower in fall 2017. The 2,000-plus HCA employees in Block A have helped kick-start an 18- to 24-hour environment at Capitol View.

Block C. After purchasing this block, Christian publisher LifeWay Christian Resources retained Boyle to develop a nine-story, 250,000-square-foot office building to house more than 1,000 workers. The building, which delivered in November 2017, features additional ground-floor retail space including a bookstore.

“The location advantage has been very beneficial for our business,” says Amy Thompson, director of corporate relations at LifeWay. “Capitol View is a place people want to come to, and has allowed us to attract and retain top talent from across metro Nashville.”

“We are fortunate to have two iconic Nashville corporations choose Capitol View for their long-term business headquarters,” adds Henry Lange, regional director for Northwestern Mutual Real Estate in Atlanta. “It’s a unique opportunity to create something that will be a special place for Nashville well into the future.”

Block D. This $115 million mixed-use complex, set directly across from the HCA Tower, will be completed in fall 2018. It will feature 378 luxury apartments, many with views of the state capitol, as well as amenities that include a recording studio, a wine room and a golf simulator. The apartments will be set atop 60,000 square feet of ground-floor retail space along 11th Avenue, 40,000 square feet of second-floor loft-style offices and a 1,000-space parking garage.

The retail and office spaces will line a three-level parking deck embedded within the block, with four levels of wood-framed apartments set above the podium level of the deck. The vertically integrated blueprint for this block will also eventually accommodate a 26,000-square-foot grocery store, an important amenity for both Capitol View residents and commuters coming from downtown Nashville.

The Future

The master plan also calls for a 10-story office tower, to be developed by Boyle on Block E, that will become the new corporate headquarters for Nashville-based health care information technology company HealthStream. Block E is scheduled to deliver in spring 2019, with 24,000 square feet of ground-floor retail space and a 1,200-space garage, along with a 169-room Hampton Inn & Suites housed in a separate building that will wrap around the garage.

Construction has not yet begun on Block B, owned by HCA Healthcare, which lies between the HCA Tower on Block A and the LifeWay headquarters on Block C. The plan for this block includes a parking garage and future office expansion opportunities for HCA. Block F, which sits to the north of Capitol View’s urban park, will contain approximately 200 additional residential units.

A seventh block, located north of Block E and east of the LifeWay building, is being developed by Terwilliger Pappas. Now under construction, Solis North Gulch will contain 271 residential units and is expected to be completed in spring 2018.

Lessons Learned

Capitol View offers valuable lessons on creating mixed-use destinations that suit the requirements of each use within vertically stacked structures. HCA, for example, required conference space in its tower on Block A. Designers set the conference facilities above ground-floor retail space along 11th Avenue to add vertical massing along the street while reserving the street level for more active uses.

Block D also accommodates ground-floor retail space on 11th Avenue, with single-loaded creative office space set between the retail space and the residential levels above. Carefully accommodating shared vertical circulation while meeting the egress requirements of multiple users with the least amount of impact on the leasable retail area was a key challenge in both Blocks A and D. The master plan identified key locations, such as the intersection of 11th Avenue and Nelson Merry Street, for more active uses and located complementary uses, like office and residential, to take advantage of shared vertical circulation and shared parking arrangements.

Locating shared service areas between uses minimized their footprints and enabled planners to capitalize on the advantages of integrated uses. This approach frees up more leasable area and provides more flexibility in the creation of a meaningful, activated public realm that can be enjoyed by a wide range of residents, office workers and visitors, both on a day-to-day basis and during special events.

Connectivity is one of Capitol View’s strongest selling points. The project forms a new gateway into downtown Nashville via Charlotte Avenue, and its strategic location offers immediate access to surrounding communities, including The Gulch, Vanderbilt University, Germantown, New Salem and East Nashville. Residents and visitors can walk or bike from Capitol View to the Nashville Sounds’ new baseball stadium and other nearby downtown hotspots.

“We needed easy access for our employees, access to retail, access to restaurants and different ways for [employees] to get to work, including biking options for our millennials,” says Eddie Pearson, chief operating officer of HealthStream, regarding the company’s decision to relocate its corporate headquarters to Capitol View.

Boyle Development Co. is fulfilling a promise to city officials by extending the existing Greenways for Nashville trail along the eastern edge of the development. The Greenways trail extension will connect Capitol View to nearby Bicentennial Mall, along with more than 26 miles of biking, walking and running trails throughout greater Nashville. Capitol View also has multiple vehicular access points, including two interstate exits for commuters driving in from the suburbs.

The Response

Since the opening of Capitol View’s first phase in 2016, the community has embraced the project. City leaders continue to emphasize the vital role the development plays in the evolution of Nashville, one of the Sun Belt’s fastest-growing cities. Both the former and current mayor have noted that Capitol View delivers long overdue connectivity to the area and have welcomed the economic boom brought by Northwestern Mutual, whose vision and initial investment nearly a decade earlier made the dramatic transformation possible.

The project is also setting a new industry standard for the redevelopment of brownfield sites into thriving mixed-use communities, as cities across North America continue to seek ways to breathe new life into underutilized districts and accommodate the influx of people back to the urban core.

“What attracted us initially [to Nashville] was that it had good strong economic fundamentals,” says Northwestern Mutual’s Lange. “It’s not a boom-and-bust kind of market. In partnership with Boyle, we found we could achieve good, steady returns in comfortable, bite-sized pieces. … Probably just as important is the fact that there is a very strong functional government that is very pro-business. We invest in a lot of markets, and we don’t see that everywhere. When you’re here, you take that element for granted.”

Capitol View was named NAIOP Nashville’s 2017 Development of the Year.

Originally Published in the NAIOP Development Magazine

By: Kyle Reis, Cooper Carry

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Boyle Investment Co. Celebrating 85th Year

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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).

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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.”

 

 

 

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Hotel emerges at $270M mixed-use development in Cool Springs

One of Greater Nashville’s largest hotel developers plans to start construction this summer on a hotel that will be part of a $270 million mixed-use development in Franklin’s Cool Springs commercial hub.

Franklin-based Chartwell Hospitality will own and operate a 150-room SpringHill Suites, which is a flag of Marriott International Inc. (Nasdaq: MAR). The project accounts for all of the hotel rooms planned as part of the Northside McEwen development, which is also set to contain about 750,000 square feet of office space, about 100,000 square feet of retail and restaurant space, and 580 residential units. As seen on our Williamson Watch map, the Northside McEwen development is one of the biggest projects happening in what is the fastest-growing county in Tennessee — a county that led the nation in job growth during the bulk of 2015 and 2016.

The SpringHill Suites is part of a flurry of hotel activity in Franklin. The city approved permits for five hotels last year totaling almost 700 rooms, almost six times the rooms approved in 2016. Chartwell, one of the longest-tenured hotel developers in the region, is also going through a growth spurt of its own. The company owns and operates eight area hotels and is under construction on four more: one in downtown Nashville, two in Green Hills and a full-service Hilton in Franklin.

Once the SpringHill Suites is open, Chartwell will officially own more than 2,000 hotel rooms in the region — nearly double its existing portfolio. Chartwell owns properties in 12 states and has about 1,400 employees.

Franklin Synergy Bank (NYSE: FSB) is providing a construction loan, said Rob Schaedle, managing partner of Chartwell. The company has hired McMurry Construction Co. Inc. to build the SpringHill Suites. McMurray also is the builder on Chartwell’s dual-hotel project in Green Hills and the Hampton Inn & Suites that Chartwell is developing within the Capitol View development at 1100 Charlotte Ave.

Site plans show the hotel located at the main entrance into the Northside McEwen development, fronting McEwen Drive and the to-be-extended Aspen Grove Drive. Northside McEwen is spearheaded by the Franklin office of Boyle Investment Co. and North Carolina-based Northwood Ravin.

Chartwell and Boyle have paired up on a number of occasions, including the Capitol View project and also the Franklin Hilton, in which Chartwell bought land from Boyle located between two of Boyle’s office buildings.

Originally Published in the Nashville Business Journal

By Adam Sichko

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New image released for Capitol View hotel

The team behind the 10-story Hampton Inn & Suites hotel project underway in Capitol View has released a new image of the building and applied for a key permit related to the effort.

Franklin-based Chartwell Hospitality is undertaking the hotel project (pictured) with Columbus, Ohio-based investment firm Rockbridge. The two entities partnered to develop the SoBro-based Hilton Garden Inn located at Third Avenue South and Korean Veterans Boulevard.

Construction of the Hampton (click on the above image to see the previous rendering) began in late 2017, with an opening expected in the summer of 2019.

Memphis-based Bounds & Gillespie Architects is the architect.

The aforementioned permit is for water and sewer work.

Boyle Investment Co. is overseeing the overall development of Capitol View.

The 168-room hotel building will be located at the southeast corner of the intersection of 11th Avenue and LifeWay Plaza and will share Block E of the Capitol View site with Boyle’s under-construction multi-tenant 10-story office building that will house HealthStream’s new corporate headquarters when it opens in early 2019.

Originally Published in the Nashville Post

By Staff Reports

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Franklin’s Newest Hotel Opening Wednesday

Franklin’s newest hotel will open Wednesday in Berry Farms.

The Hilton Hampton Inn & Suites, the global mid-priced hotel chain, has four-stories and 124 rooms and will officially open for business and reservations.

Off Interstate 65 at Peytonsville Road (Goose Creek Bypass) interchange, it is located at 7101 Berry Farms Crossing.

“At Hampton Inn & Suites Berry Farms, guests will have everything they need to ensure a great experience and a memorable stay,” said Christy Howlett, general manager. “We strive to offer consistent and quality accommodations with value-added amenities.”

Unique offerings of the new hotel include beautifully appointed public areas that are spacious and inviting, to use for work or simply enjoying some quiet time. In addition, it has an outdoor pool, grilling gazebo, green space and firepit.

Owned by Chartwell Hospitality and developed by Boyle Investment Company, Hampton by Hilton offers guests amenities such as free hot breakfast featuring delicious waffles and seasonal offerings, or On the Run™ Breakfast Bags for the on-the-go traveler. Additionally, it offers complimentary Wi-Fi, 24-hour business center and JumpStart Fitness Center. Each guestroom includes HDTV, free in-room movie channels and coffeemaker.

Hampton Inn & Suites Berry Farms, is part of Hilton Honors, the award-winning guest-loyalty program for Hilton’s 14 distinct hotel brands. Hilton Honors members who book directly through preferred Hilton channels save time and money and gain instant access to the benefits they care about most, such as an exclusive member discount, free Wi-Fi and a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay. Members can also redeem their Points for free nights, to gain access to unique events through the Hilton Honors auction platform or to make purchases with at Amazon.com with Amazon Shop with Points.

For more information or to make reservations, visit or call 615-599-3700

Originally Published in Williamson Source

By Zach Harmuth

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