Land for Sale Adjacent to $350m New Mixed-use Development

Description

Prime Development Opportunity in North Jackson, TN

40 ACRES of Prime Development Opportunity on N. Highland Ave. in Jackson TN – Land adjoins the property slated for new development in Jackson, Tennessee; The Crossings at Exum Place – a new $350 Million Dollar Mixed Use Development breaking ground in 2024.

Please see a portion of the Press Release from May 2023 below:

“The Crossings at Exum Place 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.

“This development comes at a pivotal time for Jackson and Madison County. Employees of our existing and incoming industries—including Georgia-Pacific, 6K Energy, and BlueOval City—are already exploring housing alternatives in Jackson and surrounding towns,” said Kyle Spurgeon, CEO of the Greater Jackson Chamber. “Residential housing availability is critical for Jackson to take advantage of the growth opportunities in front of us. This development is essential to allow Jackson to compete with similar projects underway throughout the region.”

Incredible Opportunity to own land in a prospering and rapidly developing area of West Tennessee.
For More information or to schedule a tour of this property, reach out to our office or your preferred Realtor.