Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
The Crossings at Exum Place – $350 million mixed-use development – announced for Jackson
JACKSON, TENNESSEE – The Crossings Partners is pleased to announce The Crossings at Exum Place, a 208-acre master-planned development to be located along Ashport Road, between U.S. Highway 45 Bypass and North Highland Avenue (U.S. Highway 45) in Jackson and Madison County, TN.
According to a press release from Stephanie Traylor – Marketing and Research Strategist – Younger Associates – The Crossings TIF (Tax Increment Financing) district was approved Monday, May 15, by the Madison County Commission. This was the final approval for the proposed $350 million mixed-use development.
The Jackson Industrial Development Board and Jackson City Council previously voted unanimously in favor of the project.
The development will utilize a $20 million TIF incentive, which is a method of monetizing future tax revenues to help developers and municipalities cover costly public infrastructure for large projects. For every dollar the city and county allocate to the TIF, they will receive $2.67 in return.
The Crossings at Exum Place was designed in collaboration with LRK, a Memphis-based architectural firm renowned nationally for their expertise in mixed-use projects.
This development will blend residential, commercial, and entertainment areas while promoting walkability. Main features include 260,000 square feet of commercial development, 1,100 residential units, outdoor venues, a farmers’ market, and approximately 40 acres of green space
including multiple lakes and dog parks.
“We are eager to provide expanded and even affordable options for live-work-play by providing over 600 single-family homes & townhomes as well as over 500 apartments, including loft apartments and senior housing units,” said Chris Carothers, real estate broker and partner. “We
are currently in discussions with various grocery stores, restaurants, a healthcare/fitness center,
apartment groups, and even hotel groups.”
An economic impact analysis prepared by Younger Associates forecasts the project will create 1,500 new jobs and have an economic impact of more than $3.4 billion for the City of Jackson and Madison County over the next 20 years. This development is projected to generate more than $68.4 million in net new property taxes and more than $62.5 million in new local sales taxes during the same period.
Business Spotlight – Logan McCoy named vice president, existing industries at Greater Jackson Chamber
JACKSON, Tennessee – The Greater Jackson Chamber is excited to announce the addition of Logan McCoy as Vice President of Existing Industries.
McCoy most recently served as special projects director at the Tennessee Department of Economic and Community Development (TNECD), where he worked with federal, state and local economic development groups helping to improve infrastructure, tourism, workforce development and community development.
In this new role, McCoy will serve as the primary point of contact for existing industries within our community, working to build and strengthen local and corporate relationships.
“Having the opportunity to return to Jackson and become a member of the Greater Jackson
Chamber team, I am thrilled to be part of the upcoming growth,” McCoy said, “With my deep
appreciation for the significance of our existing industries, rooted in my father’s 27-year tenure
at Proctor and Gamble, I am eager to contribute to the progress of the Jackson community.”
McCoy is a native of Jackson, a graduate of Madison Academic High School and a graduate of
Union University, where he received a Bachelor of Science in Political Science.
Medical office facility approved for site of new Baptist Memorial Health Care & Jackson Clinic
The consideration of a final plat for Baptist Memorial Health Care and the Jackson Clinic comprising of three lots and one common open space on approximately 56.288 acres has been approved by the Jackson Planning Municipal Commission.
Submitted by Health Tech Affiliates, Inc., the property is for a medical office facility that will be constructed next to the existing surgical center.
A partnership that developed between the Jackson Clinic and Baptist Memorial Health Care to build and operate a new outpatient center in Madison County continues at 145 & 155 Innovation Drive.
The facility, which incorporates approximately 135,000 square feet is expected to be completed in the third quarter of 2023.
Business Spotlight – Hale, Freeman partnering with Miller in Servpro of Chester, Hardin, Henderson & McNairy counties
Joey Hale and Casey Freeman have partnered with business owner, Jeff Miller, at Servpro CHHM – Chester, Hardin, Henderson & McNairy counties.
Servpro of Chester, Hardin, Henderson & McNairy Counties is conveniently located at 542 N Church St., Henderson, Tennessee, and is on-call 24/7 to respond to emergencies.
In addition to fire and water damage, they can handle your mold and bio-hazard needs, as well. They work directly with your insurance company to get your claim handled quickly and get you back to ‘Like it never even happened.’
The Foundation celebrates 38 years of investing in community
The West Tennessee Healthcare Foundation is celebrating 38 years of investing in the Jackson and West Tennessee community.
Established in 1985, The Foundation’s mission is to improve the health and well-being of the community through philanthropic initiatives. Home to 496 funds,
According to a press release from Haley Wildridge – Community Outreach Associate – West Tennessee Healthcare Foundation – The Foundation supports all aspects of the community from healthcare to the arts; education to animal welfare; housing and food security to equity and diversity. This can be found in the form of sponsorships, grants, scholarships, and direct support to agencies and individuals.
Dr. Frank McMeen, President of The Foundation, has witnessed the organization’s assets grow from less than $500,000 to $52 million during his 25 year tenure.
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