Thursday, July 20, 2006
Restaurants coming to Commons
By BARRY BURLESON
Construction and leasing progress continues on Phase I of the new Holly Springs Commons, while infrastructure work has begun on Phase II.
Lance Forsdick, managing partner of Kenlan Development in Memphis, Tenn., said Auto Zone will be the initial business to open in the first 16 acres of commercial development adjacent to highways 7 and 78. It is on the north side of the new road into the property, with frontage on Highway 7.
A 35,000 square foot retail center, west of the new Auto Zone, is set to open October 1.
“It will be 50 percent leased upon opening,” Forsdick said.
Those leases include a Chinese restaurant, a Mexican restaurant, a liquor store, a rental store and a sporting goods store.
Two other outparcels, on the south side of the entrance to The Commons, are under contract, and construction should begin in 75 days, he said.
“They will take about 90 days to build,” Forsdick said. “Both are national chain restaurants, one being Wendy’s and the other a seafood restaurant.
“So, you’re looking at opening in about five or six months on those.”
Mayor Andre’ DeBerry said everyone is excited about the retail growth at The Commons.
“The sooner we can get those businesses out there the better,” DeBerry said, “from a tax standpoint and a customer base.”
DeBerry and Forsdick said utility extensions are also underway into Phase II, which will include a medical office park and additional retail.
The road into The Commons will continue in a westerly direction, eventually connecting to Peyton Road and West Boundary.
Williams Medical Clinic will be the first to break ground in Phase II. It will be moving from its present location on Access Road. The hospital, Alliance HealthCare System, will follow at a later date, according to city officials.
The city is working on funding and architectural plans to move the police department into the building now occupied by Williams Clinic. A goal for the move, according to Mayor DeBerry, is sometime in 2007.
Holly Springs Commons will eventually grow to 200 acres.
Kenlan Development is in charge of the plan for the first 16 acres, and the balance of the property is being developed by the Kenneth Farrell Co. of Memphis.
Phases III and IV will be basically residential, according to Forsdick.
Kenlan and Farrell are also co-developing a site in Oxford, which is ahead of the one in Holly Springs. Other developments are in Tupelo, Columbus and Marion, Ark.
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