Developer of Franklin project finalizes funding

from Nashville Post, originally posted Sept. 14, 2017

The prospective development entity of the $105 million mixed-use Harpeth Square project long planned for downtown Franklin has finalized financing with site grading to begin this month.

According to a release, Harpeth Associates LLC has raised $20 million in equity. 

The project will anchor the corner of First Avenue and Main Street.

John Rochford and Ed Cooper, Nashville based developers, are investors in the project, joining Harpeth Associates LLC management with Franklin-based J. Roderick Heller III.

Harpeth Square will be located on about four acres adjacent to the Harpeth River, across street from Franklin’s riverwalk.

The project will include a 119-room Hilton Curio hotel (with a Michelin-trained chef-led restaurant) 150 high-end apartment units designed for condominium conversion, about 3,600 square feet of first-floor office space fronting the Riverwalk, about 14,870 square feet of retail space and a parking garage with 597 spaces.

Construction of the parking garage will be fully underway by November, with the other components to see construction starts in early 2018, according to the release.

The entire project is eyed for a late 2019 completion.

Two existing buildings — the Landmark Bank building at 198 East Main (on same block) and 121 Second Avenue, across from the future hotel entrance — remain on the site. Redevelopment of those properties will be dependent on market conditions, the release notes. 

The team includes 906 Studio Architects (Franklin), Smith Gee Studio (Nashville), R.C. Mathews Contractor (Nashville) and Franklin-based Genesis (mechanical, plumbing and electrical engineering).

 

https://www.nashvillepost.com/business/development/article/20975611/developers-of-franklin-project-finalizes-funding