Real Estate Developer Site With a Few Million Deal

A real estate developer has paid $11 million to buy land in the Cool Springs commercial hub, adjacent to land it already owned behind the massive proposed Ovation mixed-use development.

The move by Franklin’s SouthStar LLC just about doubles the company’s development site on Liberty Pike, giving the company a total of 46 acres anchored at 1214 Liberty Pike, at the intersection with Carothers Parkway. The extra land puts SouthStar in position to complement, or expand, its roughly $50 million project planned for this area, featuring apartments and town homes and commercial space fronting Liberty Pike.