Nashville Business Journal
By Nevin Batiwalla
September 20, 2012
Boyle Investment Co. says it will begin work this fall revamping Brentwood’s Synergy Business Park into a walkable, mixed–use development by adding shops, restaurants and a hotel.
But first, Boyle is giving the 500,000-square-foot office park a new name: CityPark. The following excerpts are from Boyle’s news release:
“Redevelopment plans for the office park include a new, 126-room Hilton Garden Inn, which will be developed by Chartwell Hospitality. The 76,710-square-foot hotel will be constructed around historic Mooreland Mansion, which was built on the property in the 1830’s. The Hilton Garden Inn’s architecture was thoughtfully designed to enhance and accentuate the mansion’s historic look and feel. For both Boyle and Chartwell, “the Mooreland Mansion is a unique and iconic destination, so we see the hotel as a great way to elevate and enhance it’s importance, while also creating a much needed on-site amenity,” according to Rob Schaedle, President of Chartwell Hospitality.
Boyle’s main goal in the Synergy redevelopment process is to transform the property from an automobile dominated office park, to a vibrant, walkable, mixed–use development with improved connectivity, a vibrant street scene, and on-site retail and restaurant amenities. The new master plan includes six new retail buildings along Executive Center Drive, which will serve as the major entry point into the development.
The new retail buildings will be positioned along pedestrian friendly, tree-lined streets, and include outdoor dining venues and on-street parking. Plans also include a 1-acre urban park area at the end of Executive Center Drive, in front of the Mooreland Mansion and Hilton Garden Inn, which will act as the focal point for the development, and as a community gathering spot for tenants, events, and visitors to Synergy.
According to Phil Fawcett, Managing Partner of Boyle Nashville, “Synergy offers retailers and restaurants optimal visibility and connectivity from Franklin Road, a built–in daytime office population, and 393 residents at the adjacent Tapestry apartment complex. It also provides new, walkable restaurant options and retail amenities to Brentwood residents, as well as the existing on-site office users, for optimal convenience. We are excited to bring some new options to Brentwood, and revive the property.”
Boyle is working with several local and national retailers and restaurants, but is not ready to make any tenant announcements. Construction at Synergy is slated to commence in January 2014 with a projected Summer 2014 delivery date.
As part of the redevelopment process, Synergy will also be given a new name. It will now be called CityPark, due to the 1-acre urban park that will act as the center of the development. The park will be unlike anything else in Brentwood, and serve as a new gathering place for activity and interaction. The park element, in conjunction with the new retail and restaurants, led to the new name CityPark.
Nevin Batiwalla covers real estate/development and regional economic development.