A major new development in Franklin got a final “thumbs up” Tuesday night.
The vote for the $700 million “Ovation” project was deferred at the meeting before, but was passed unanimously by the mayor and aldermen Tuesday.
“Ovation” is described as a “smart growth living experience,” a 147-acre mixed-used development set to combine all aspects of living, working, entertainment and recreation.
It will sit on the corner of McEwen Drive and Carothers Parkway on the other side of Cool Springs Galleria in Franklin, just across the street from Nissan’s corporate headquarters.
The design includes 950 residences, retail space, restaurants, bike paths, hiking trails and even a full-service upscale hotel.
Developers previously said “Ovation” will generate $12.6 million a year in tax revenue benefit for the county as well as create upwards of 6,500 new jobs.
There is no word yet on when construction will begin.
- July 8, 2014: Zoning for $700M mixed-use development up for vote in Williamson Co.
- August 20, 2013: ‘Smart growth living experience’ coming to Middle Tennessee