Madison project likely to start with residential buildings

Madison project likely to start with residential buildings

Local developers Tom Corcoran and Jim Maddox have announced they expect to start with residential buildings for their planned Madison Town Center, releasing new images in the process.

The mixed-use development, funding for which is in place, will sit on 33 acres in the North Davidson County neighborhood from which it derives its name. A spring 2019 start is projected for the creation of Station Boulevard, perhaps the pivotal street within the future project.

The site has an address of 721 Gallatin Pike S. and is home to multiple buildings with a collective 331,000 square feet. Madison Town Center, full-scale work on which could start by 2019’s end, will be a four-phase project, Corcoran said. The first phase is expected to focus on residential, with a five-year build-out eyed for all the phases.

“We recently met with more than 100 neighbors and area business owners and were very encouraged by their feedback,” Corcoran said.

The effort will result in about half the existing retail buildings adaptively reused. In addition, new buildings, some standing five stories, will be part of the project, and will include additional retail, restaurants, offices, structured parking and, possibly, entertainment venues. Also in the mix will be some civic space.

Multiple retailers operate from the site (see here courtesy of Google Maps).

When finished, Madison Town Center could offer residential buildings with a collective 1,100-plus units. The development, as preliminarily planned, shows 11 buildings. A light rail line along Gallatin Pike that is part of a proposed transit plan is not slated to extend to the site at this point.

Corcoran and Maddox will undertake the project via their The Corcoran-Maddox Companies, which has owned the property since 1994. They have enlisted Hawkins Partners Inc. for land planning and The Andrews Agency for marketing. Both are locally based.

The team is working with Metro Councilmember Nancy VanReece, in whose District 8 the property sits, and with Metro Planning Department staff.

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