June 27, 2018
Construction Begins on 45-Acre Cool Springs Project
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