Streets of Brentwood Mixed-Use Project to Request Zoning Hearing
- Nov 08, 2012
Developers of the ambitious Streets of Brentwood mixed-use project in Nashville’s Brentwood submarket are headed to the Brentwood City Commission for a zoning request hearing.
H.G. Hill Realty Company and GBT Realty Corporation, which formed a joint venture in February 2011 for the project, need a zoning change for the development to move forward. According to H.G. Hill Realty, the request filed for the 16.98-acre estate is for a zoning change from C1-Commercial Office to C4-Commercial Town Center in order to develop the mixed-use town center project.
“After many months of planning, we are pleased to deliver to Brentwood a development concept that complements the vision the City Commissioners had when they expanded the boundaries of the Town Center,” stated H.G. Hill Realty CEO Jimmy Granbery.
Indeed, Streets of Brentwood will be quite an impressive undertaking. The project will reside on a total of 16.98 acres at the corner of Franklin Road and Maryland Dr. The 970,212-square-foot development will be a mixture of residential, retail, office and hospitality properties. According to Streets of Brentwood’s website, around 413,000 square feet of office space will be developed in two four-story structures just under 100,000 square feet and two buildings over the 100,000-square-foot mark. Four stand-alone retail/restaurant constructions (ranging from 3,730 square feet to 14,000 square feet) and two mixed-use (residential-retail) developments will bring the total retail component to approximately 140,000 square feet. One four-story mixed-use property will contain 120 residential units above 39,000 square feet of retail space, while a second four-story mixed-use structure will locate 130 residential units above 60,000 square feet of retail. A 50,000-square-foot theater and 2,722 parking spaces will also be constructed, as well as a 150-key hotel. Over 1,800 parking spaces will be found in a parking garage located at the center of the Streets of Brentwood.
“GBT is proud to partner with H.G. Hill Realty in bringing Middle Tennessee its first true mixed use lifestyle center,” affirmed George Tomlin, president and CEO of GBT. “This will be a game changer in that it provides a true work, shop, eat, stay and play environment all in one walkable location.”
H.G. Hill Realty Company and GBT Realty partnered in February 2011 to purchase 11.67 acres off Franklin Road, which also included the 100,000-square-foot former headquarters of Murray Ohio Corporation. The joint venture is also currently under contract to acquire the 5001 Maryland Way Tennessee Baptist Convention property.
The request is scheduled to be heard at the November 12 Brentwood City Commission meeting. Mike Walker, an official with the City of Brentwood declared, “The City staff is currently undertaking a detailed review of the proposal with the goal of having recommendations to the board by the meeting.”
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Photo courtesy of Streets of Brentwood
Chart courtesy of CBRE, Inc.