Apartment complex rising in suburb of Nashville

A 252-unit apartment complex broke ground 20 miles south of Nashville.

Crescent Communities, one of the top developers of multifamily communities in the Southeast, recently broke ground on a new complex in Tennessee.

The project will develop a 13 building, 252-unit apartment complex that will be designed to appeal to people searching for an urban feel in the suburbs. The units will reside in Franklin, Tenn., a nearby suburb of Nashville.

"The continued job growth in greater Nashville is exciting to see and Franklin is one of the most attractive markets in that area," said Andy Hyltin, president and CEO of CNL Growth Properties.

One of the top employment centers is mere minutes away. The Nissan North American Headquarters is located in Franklin, and the proximity should provide a boost to the 252-unit occupancy once Crescent Communities begins to lease, which it estimates will begin in 2014.

The area will be called Crescent Cool Springs and is located just off Interstate-65 at the intersection of Carothers Parkway and Resource Parkway. Cool Springs will sit on 13 acres of land.

"(The) groundbreaking ceremony for Crescent Cool Springs represents our commitment to design and develop innovative communities for the way people live today," said Ben Collins, vice president of Tennessee and the Carolinas for Crescent Communities' multifamily group.

The Crescent Cool Springs is expected to cost $42 million.

Cool Springs will feature ample outdoor space
Crescent Communities plans to sell prospective leasers on pedestrian-friendly sidewalks, walking and biking trails. There will also be 5 million square feet of retail shopping space nearby for residents to utilize in their free time.

Residents will also be able to utilize a state-of-the-art fitness center with a customized CrossFit gym. Fire pits, grass grilling areas and a resort-style pool round out some of the shared features.

"When residents move in next year, they will enjoy a community that was planned for their lifestyles with short commutes to work, ways to connect with friends, and easy access to everything they like to do," Collins said.

Inside individual units, Crescent Communities plans to use granite countertops for kitchens and bathrooms, vinyl wood floors and stainless steel appliances.

The Crescent Communities complex will also be energy efficient, aiming to garner National Green Building Standards certification.

Offered by the National Association of Home Builders, the National Green Building Standard shows that a home is energy efficient via third-party verification.

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