September 26, 2018
Fresh Market deal on west side scrapped
Grocery company announced plans for Lion’s Head space in 2016
Boyle Investment Co. officials announced Wednesday the company will not lease its Lion’s Head Village shopping center space in West Nashville to The Fresh Market Inc.
The announcement concludes a would-be grocery store effort that Fresh Market officials announced in 2016.
“The Fresh Market was unable to commit to starting construction or a future opening date, so Boyle opted to recapture the space in order to pursue other opportunities that will be equally beneficial to the surrounding community,” Boyle Investment said in a release.
Boyle owns the property at 40 White Bridge Road via an LLC. The Fresh Market would have taken the building last home to OfficeMax. Boyle did not disclose in its release the property’s status related to a potential replacement tenant.
According to Metro records, Boyle in 2009 paid via an LLC $13.5 million for the 9.6-acre site. In addition to the Office Max building, Lion’s Head Village includes the retail building home to Steinmart and a strip center that includes, among others, boutique Hester & Cook, Sports Seasons and Turkish restaurant Anatolia. The site is located adjacent to Target and is positioned near Metro’s greenway system.
Previous local media reports had Fresh Market eyeing a spring 2017 opening. That date was later adjusted to mid-2018.
Boyle Investment is based in Memphis and was founded in 1933. The Nashville office opened in 2001 and oversees a portfolio of commercial buildings spanning a collective roughly 3 million square feet. An additional 5 million square feet is in the development and planning stages, the release notes.