Friday, February 16, 2007

Bellevue growth and development



Harpeth Village Center is filling up with a variety of services, restaurants

By NICOLE YOUNG
The Tennessean


The new Publix Grocery just off Highway 100 and Temple Road is open, and several other tenants are scheduled to come on board.


Publix anchors the new Harpeth Village Center, which is being developed through a joint venture between the Barclay Group and Kimco.


According to Barclay Group broker Matt Fuller, Harpeth Village Center officials have signed leases with Green Hills Cleaners, Li-en Nails, Kyoto Japanese Steakhouse and Marble Slab Creamery.


“We have leases out for signature with four more potential tenants, including a pet store, Mediterranean restaurant, insurance office, and a game and video store,” Fuller said.“We gave our signed tenants the keys to the space last week. Most of them have submitted their building plans to us already. I expect them to open in about two to three months.”


The center includes a total of 68,000 square feet of shopping space. The new Publix takes up about 45,000 square feet leaving about 23,000 square feet available for lease.Although some negotiations are still taking place, Fuller said he hopes to have the center completely leased out within the next couple of months.


Community continues to grow


“Publix has an excellent reputation,” said Gayla Pugh, Executive Director of the Bellevue Chamber of Commerce. “This community has enough people to support a new grocery store, and all of the ones that are currently in place. I really feel like we needed this new store and the others planned to accompany it. We like good quality additions and this is going to be a beautiful center.”


The new Publix store manager, Stacy Greathouse, has already joined the Bellevue Chamber, Pugh said.Greathouse, who lives in Fairview, joined the new Publix from the store’s Franklin location.“This is a great community and the growth out here is just soaring,” Greathouse said of Bellevue. “The store is already fully staffed and we’re praying for a big turnout with the community. I think a lot of people are excited and I think they’re ready to come shopping.”


Advance Auto Parts signs on
In addition to the shopping space included in the center, the development includes four out parcels ranging in size from 1.32 acres to 0.81 acres.“We have closed on one of our four out parcels with Advance Auto Parts. The other three out parcels are in negotiations with a bank, gas station and drugstore,” Fuller said.


Construction on the Advance Auto Parts store has already begun, officials said.“Once the company purchases the out parcel, they go through an inspection period where they get surveys, legal work and permits lined up. They have to demonstrate that they are not just holding this land, they are going to develop it for income,” said Barclay Group Director of Development Ron Grunwald.


“We oversee the out parcels to make sure the development is going as planned. We want everyone to follow a design plan so that it looks like a nice center. We give the company, in this case, Advance Auto Parts, 30 to 90 days to build.”Grunwald said construction on the center went as planned on schedule.“We had some challenging weather,” he said. “But the development went smoothly. Every project always has something that is challenging.”

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