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Nolensville's surging population sparks a jolt of retail

Courtesy of Adam Sichko
Nashville Business Journal - March 18, 2016
See Full Article - http://www.bizjournals.com/nashville/blog/2016/03/nolensvilles-surging-p...

Developers from Brentwood, Nashville and Atlanta are combining for a mixed-use project on Nolensville Pike that will include $48 million worth of residential development and $9 million of retail. Put another way, it'll be 200 housing units (mainly town homes, but also a few dozen condos) as well as 36,000 square feet of retail.

The Census Bureau says Middle Tennessee is seeing, on average, a net gain of almost 100 people every day, including newborns and people relocating here. Increasingly, those moving vans are heading to places like Nolensville — which has quickly emerged as a lower-cost alternative to Brentwood and Franklin. The town's population has grown roughly 25 percent since 2010, to about 7,500 people. That population is projected to double by 2025, which is why the town has three schools under construction ( as seen on our Williamson Watch map). The town is in a great location, basically halfway between Interstates 65 and 24, and it's just about the same drive to downtown as it is to hit State Rte. 840.

Enter Brentwood-based PGM Properties LLC, which is overseeing the retail piece of the proposed Shoppes at Burkitt Place, at 7022 Nolensville Pike. PGM is teaming with Atlanta-based Coro Realty Advisors on its piece of the 22-acre site.Regent Homes, one of Nashville's largest homebuilders, is spearheading the residential piece.

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