April 9, 2008

907-acres sold in Spring Hill and being developed into "a major shopping center".

The sale of acreage brings new plans to Spring Hill community
The Tennessean• April 8, 2008
SPRING HILL — After a year of negotiations, auto dealer R.C. Alexander sold his 907-acre Spring Hill property to Franklin developer Robert N. Moore last week.
"Bobby is probably going to do wonders and make a hundred million dollars on the property," R.C. Alexander said. "He's going to develop it, and if he runs a road through it, he can do pretty much anything he wants with it."
Moore said he plans to build "a major commercial shopping center" on the property, including retail, restaurants, hotels and a mixture of other uses including office, apartments and homes.
"Our working title for the project is Spring Station since the majority of the land is in Spring Hill and a small part in Thompson's Station," he said in a statement. "We are still in the early planning stage but the development will be first class in every respect."
Alexander owned the property, which includes a 7-acre lake, for 15 years. He said Moore has tentative plans to establish commercial and residential developments.
The property was annexed into the city two years ago and has been for sale nearly as long. The land includes a 5,000-square-foot house at 2660 Buckner Lane, built in 1993.
A proposal for a connection from the property to Interstate 65 to be created by 2025 is a part of the city's major thoroughfare plan.
The land also is desired by the Williamson County School District, which is surveying the property for a school site.
Alexander told The Tennessean early last year that he has had dozens of offers from developers for the property, which had a $56.5 million price tag. He did not say what the final sale price was.

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