June 27, 2018
Work starts on $140M Cool Springs project
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.”