An aerial rendering of Bristol Development Group’s forthcoming 40-unit development project at 302 Avondale Drive.

Given the recent spike in home values in Williamson County – currently the fastest-growing county in Tennessee and the fastest-growing job market in the country – a Franklin, Tenn. developer has planned a community priced a “notch or two” below the market’s current highs.

The final plan calls for 25 townhomes, 14 duplex homes, and one single-family home on 5.5 acres. Each home unit will range from 1,500 to 2,200+ square feet, and Bristol Development is aiming for list prices that range between the low $300,000s and the mid $400,000s. Last month, the Williamson County median sale price was $435,000.

"We're trying really hard to be attainable. The idea is delivering something under that [median] mark, in downtown. That can be very attractive to a lot of people," said Bristol Senior VP Scott Black.

"It opens us up to a broader market ... because we're not shooting for that 3,000-square-foot home buyer. We're trying to make something that is cost-effective for someone who wants to live downtown."

This plan is awaiting approval from the city of Franklin, but Bristol Development expects to start construction in the first quarter of 2017.
Read more >