KDC PARTNERS WITH SOUTHSTAR AND CHARTWELL HOSPITALITY TO DEVELOP 750,000 SF OF OFFICE SPACE AT THE AUREUM MIXED-USE DEVELOPMENT IN FRANKLIN
06/12/19 | Press Release
FRANKLIN, Tenn. – (June 12, 2019) – KDC, a leading developer of corporate build-to-suit campus projects for major companies such as State Farm and Toyota, announced today it is partnering with SouthStar and Chartwell Hospitality to develop office space at the Aureum mixed-use development in the Cool Springs area of Franklin.
Aureum is a 22-acre mixed-use development that will include 100,000 square feet of retail developed by SouthStar, three hotels with a total of 700 rooms by Chartwell Hospitality and 480 residential units developed by SouthStar and Chartwell Hospitality. The office component will accommodate 750,000 square feet of space and will be located at the southwest corner of East McEwen Drive and Carothers Parkway of Cool Springs in Franklin.
“Aureum sits at the bullseye of what will be the densest and busiest intersection in Williamson County and predicted to be one of the busiest in the state, making it the premiere location for a project of this type,” said Glenn Wilson, CEO of SouthStar. “We are excited to partner with KDC, a developer who brings years of experience in creating major office developments within mixed-use projects, along with a proven record of securing large corporate tenants.”
Aureum (Latin for golden) is being designed as a pedestrian-friendly district, complete with plazas, boutique parks and interconnecting walkways throughout. The intentionality of this design uniquely positions Aureum as the area’s most inviting destination for resident professionals, families and out-of-town visitors.
“KDC has been eyeing the Nashville market for some time in hopes of finding a project and business partners that align with our area of expertise,” said Larry Wilson, division president, KDC. “We are excited to team up with SouthStar and Chartwell Hospitality. Both have extensive experience in the Cool Springs market and understand that an integrated and walkable mixed-use environment at the State of Tennessee’s best interchange is exactly what Corporate America is seeking.”
Construction on Aureum is slated to begin in the first quarter of 2020.
“We look forward to harnessing the natural synergy with KDC and SouthStar to deliver a high-quality, mixed-use development that supports Franklin’s emergence as a thriving business center,” said Chartwell Hospitality President Rob Schaedle.
KDC is currently developing similar projects for Champions Circle in Fort Worth and Parkline in San Antonio.
KDC is a leading corporate build-to-suit development and investment firm for companies across the country. Within the last 30 years, KDC has produced approximately 33 million square feet valued at over $9 billion. KDC addresses the future of Corporate America by developing walkable, mixed-use urban environments anchored by notable clients, and specializes in datacenter and broadcast studio build-to-suits. KDC's portfolio includes developments for FedEx, J.P Morgan Chase, Liberty Mutual, Raytheon, State Farm (Dallas and Atlanta offices), and Toyota North America. KDC is headquartered in Dallas and is supported by a national team with offices in Atlanta and Charlotte, N.C. For more information, please visit kdc.com.
SouthStar, LLC is a commercial real estate development company based in Franklin, TN. Under the leadership of CEO, Glenn Wilson, and Principal & President, Glenn McGehee, SouthStar’s executive team has a combined experience of more than 80 years, resulting in the development of over 20 million square feet of commercial real estate space. SouthStar’s diverse development portfolio reflects the company’s consistent ability to identify and develop revenue generating properties across a broad spectrum of platforms, including: retail, lifestyle, mixed-use, office, medical, and master-planned communities. SouthStar’s history of maximizing revenue, an unwavering commitment to integrity, and a proven record of transforming vision into reality, has generated industry-wide recognition for the company — both in Middle Tennessee, and coast-to-coast.
About Chartwell Hospitality
Chartwell Hospitality LLC is an award-winning, fully integrated hotel operations and development company specializing in the acquisition, development and management of high-quality, branded, limited-service and full-service hotels. With substantial transaction and real estate expertise, Chartwell has a proven track record for maximizing cash flow and increasing ROI in high growth markets with multiple generators. Chartwell approaches real estate investment from an owner’s perspective, investing capital alongside select private and institutional investors. To date, Chartwell has executed 61 hotel investments, delivering occupancy and market rates that consistently surpass its competition.