VIDEO: 17 Acre Brandon Frank Proposal Might Carry Housing/Positive Eating/Leisure And A {Hardware} Retailer To Greenbrier
“I need the group’s buy-in first.”
GREENBRIER TENNESSEE: (Smokey Barn Information) – Within the wake of his work on Greenbrier’s new City Sq. Commons, a undertaking that introduced ice-cream, meals, and buying, respiration new life into the guts of a metropolis thirsty for native facilities, Brandon Frank of Brandon Frank Building has set his sights on a brand new undertaking.
As a substitute of going straight to town’s Board, Frank has determined to achieve out to the group first. “I need the group’s buy-in first,” Frank mentioned. Frank, a lifelong resident of Greenbrier says the undertaking may deliver sit-down eating, a ironmongery shop, a sports activities advanced, and houses to a 17-acre property off Hwy 41.
“The old-timers name it the ‘Egg Farm’. I bear in mind it because the property with the Classic Chevrolet Elements Constructing,” Frank mentioned. “The property is within the middle of city and may very well be utilized for great issues – eating places, outlets, group middle, and many others. From there, my Designer and I began the method of drawing a Combined-use PUD. What we have now give you is 2 8,000 Sq. Ft. Industrial Buildings dealing with the freeway, one 6,000 sq. Ft. Industrial Constructing dealing with the freeway, and using the prevailing 14,000 Sq. Ft. Warehouse.
“Within the rear of the property the place this parcel connects to the GHS property, we could have 10 single-family models, and the place it adjoins the Franklin Farms subdivision, we could have 52 multi-family models. On this 17-acre mixed-use undertaking, we’re proposing a 25% Inexperienced Area, Path Methods, Sidewalks Methods, and Pocket Parks built-in into the Growth with placards containing the historical past of our city. It is vitally vital to me whereas bringing in additional fashionable developments to retain as a lot historic integrity as doable.
“The identify, Nelson’s Reserve, pays homage to the Greenbrier Distillery began by the Nelson household which helped put Greenbrier on the map. As of proper now, we’re in verbal negotiations, pending approval, with two chain eating places together with a pleasant, sit-down steakhouse restaurant. I’m additionally in verbal communications with two completely different {hardware} shops that may be excited about 8,000-10,000 Sq. Ft. That is an addition to the Sportsplex and a Sports activities bar.
“At current, the Metropolis and County make a complete of $10,717 yearly from this property. ($6,650 County / $4,058 Metropolis) Minimal projected income ought to this undergo from property taxes alone can be $600,000 – $700,000 yearly,” in accordance with Frank. “There are different figures that gained’t be capable to be assessed till completion (Gross sales Tax, Enterprise taxes, Fuel Taxes Native Possibility Taxes, Alcoholic Beverage Taxes, and many others.) that may deliver extra revenues to the Metropolis and County as nicely.
“There are nonetheless many hurdles to beat to deliver this to fruition, however I needed to share my imaginative and prescient with the Neighborhood with a purpose to achieve assist and be clear all through this course of. I’m so enthusiastic about this undertaking and the chance for our city, for our group, and for small enterprise homeowners needing a spot to begin. I’d love the group to assist recruit companies for this undertaking as nicely! Upon completion, ought to this come to go, this undertaking can be a $50M – $60M undertaking on 17 acres that our Metropolis and Residents can profit from for a few years with minimal affect to our infrastructure, roadways, and faculty programs,” in accordance with Frank.
