One of the regions largest suburban expansions is coming to Williamson County.
More than 1,000 acres in College Grove has come a long way in the past few months.
The Terra Verde group out of Texas closed on the property at the end of August. The land was once going to be the Laurel Cove Subdivision, but when Lehman Brothers went bankrupt that plan took a turn.
“We had been looking at it, golly for the previous 18 months working with the bankruptcy court,” Mark Enderle with the group told Nashville's News 2.
The investors plan to turn what one publication deemed “among the worst recession ghost towns in America” into a community not only for living, but to meet one's lifestyle.
“It was a mess, when we got here it was pretty depressing, but underneath that there was a real gem,” said Enderle.
The land will be known as The Grove, with around 800 homes, a clubhouse, a day spa, a fitness center and other amenities.
“Our background is in lifestyle communities. We really think of our world as selling a lifestyle and then real estate is the way you get that lifestyle,” said Enderle.
He told Nashville's News 2 that homes will start around $500,000, but many will be in the seven digit price range.
Some developers believe the market is not ready for the suburban expansion, but Enderle said they have a plan.
“We are not crazy. We understand the economy is not great today, but we aren't trying to sell everything today.”
Crews are currently working to make the live and play community a reality, but Enderle said it is likely a 10 years before it is complete.
Crews are expected to break ground on the first home in May.