Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here

Spectrum | Emery breaks ground on Franklin Park in US

16 Aug 2012 (Last Updated August 16th, 2012 18:30)

Spectrum | Emery has broken ground on Franklin Park, a 71-acre mixed-use project in Cool Springs, Tennessee, US.

Franklin Park in US

Spectrum | Emery has broken ground on Franklin Park, a 71-acre mixed-use project in Cool Springs, Tennessee, US.

The mixed use development will feature five office towers offering 1.5 million ft² of floor space, 350 unit multi-family apartment complex, support retail space and green amenities.

The developer has started work on a $10m 11-acre park designed by HGOR Planners & Landscape Architects and Duda Paine Architects.

The park will feature an outdoor 600-seat amphitheatre, waterways, ponds, three miles of walking paths, and open fields to host outdoor activities and company gatherings.

Green features of the development include a system that will direct storm water to the central pond where it will then be pumped throughout the site for irrigation.

The new office towers will be designed to house companies and businesses related to the financial, legal, insurance, healthcare and technology industries.

Spectrum | Emery president Pat Emery said that Franklin Park’s green infrastructure will create an ideal community for corporations seeking a holistic environment.

"We also wanted to take care of the environment in the process, with a fully sustainable green infrastructure that is irrigated through the pond using storm water," Emery said.

"Offering a multi-family apartment on site also will promote healthy lifestyles, giving employees the ability to live within walking distance of work."

Spectrum | Emery is planning to break ground on the first office tower in late 2012 and expects to complete the construction in early 2014.

Construction on the apartment complex is scheduled to start by the end of the year and the building is expected to cost $50m.

In 2011, Spectrum acquired the property when its financial backer JP Morgan paid $42m for the land.


Image: The park will feature an outdoor 600 seat amphitheatre, waterways, ponds, walking paths, and open fields. Photo: Business Wire.