Fairview, Tennessee - Bowie Commons

Summary

Bowie Commons, a Planned Grocery Anchored Development is prominently located at the signalized intersection of Fairview Boulevard ( TN Highway 100) and Chester Road in the center of Fairview, Tennessee. Being the First major commercial development of its kind in Fairview and being located in the “City Center” District that surrounds Fairview’s City Hall, Bowie Commons is uniquely positioned to become the model and cornerstone for the much anticipated future Commercial development of Fairview’s Highway 100 corridor.

Bowie Commons in Fairview, Tennessee

Location

Situated on the western side of highly sought after Williamson County, Tennessee, the City of Fairview is ready to become the next major growth corridor in the Metro Nashville Regional market. With the center of Fairview being located only some 23 miles from Downtown Nashville, Fairview is actually closer to Downtown than several other Nashville Bedroom Communities such as Murfreesboro, Spring Hill, Gallatin or Lebanon. Fairview is also located conveniently near the burgeoning Franklin, “Cool Springs”, Tennessee corporate office developments. This close proximity to both Downtown and Cool Springs coupled with the State of Tennessee planned road improvements to Highway 100 and the soon to be completed (within 18 month - 24 months) S.R. 840 connecting I-40 at Dickson, TN to I-40 at Lebanon, TN will only serve to fuel Fairview’s growth during the upcoming decade and beyond. In addition, the City of Fairview’s own 2020 Major Thoroughfare Plan intends for Chester Road to be extended and connected to Highway 96 at Lake Road in the near term future. Bowie Commons will initialize this planned extension by constructing Chester Road thru the development and connecting it with City Center Circle at Fairview City Hall. Finally, these planned road improvements coupled with the opportunity to reside in sought after Williamson County boasting the Number One (1) Ranked Public School System in the State of Tennessee will undoubtedly create residential growth for many years to come.

Tenants

To Be Announced.

Zoning

Commercial Zoning and Entitlement by SouthStar

Market Population

12,147

Population - 3 Mile Ring

8,358

Population - 5 Mile Ring

11,708

Population - 7 Mile Ring

15,989

Average Income

$74,535

Average Daily Traffic

15,356

Summary

In the identified market area, the current year population is 12,147. In 2000, the Census count in the market area was 10,607. The rate of change since 2000 was 1.89 percent annually. The five-year projection for the population in the market area is 13,940, representing a change of 2.79 percent annually from 2007 to 2012. Currently, the population is 49.2 percent male and 50.8 percent female.

Currently, 76.5 percent of the 4,815 housing units in the market area are owner occupied; 18.9 percent, renter occupied; and 4.6 percent are vacant. In 2000, there were 4,118 housing units — 76.2 percent owner occupied, 18.3 percent renter occupied and 5.5 percent vacant. The rate of change in housing units since 2000 is 2.18 percent. Median home value in the market area is $174,335, compared to a median home value of $192,285 for the U.S. In five years, median home value is projected to change by 2.37 percent annually to $195,972. From 2000 to the current year, median home value changed by 5.64 percent annually.

Current average household income is $74,535 in this market area, compared to $73,126 for all U.S. households. Average household income

is projected to be $87,903 in five years. In 2000, average household income was $58,596, compared to $32,908 in 1990.

 

 

 

Employers

Growth Rates

Positive

Market Economy

Growing

Summary

Bowie Commons, a Planned Grocery Anchored Development is prominently located at the signalized intersection of Fairview Boulevard ( TN Highway 100) and Chester Road in the center of Fairview, Tennessee.

Market Competition Map

Sq. Footage

Acreage

14acres

Utilities

Electric, Water, Gas, Sanitary Sewer, Telcom, Data

Site Plan

Site Aerial