{"id":1004108436,"date":"2014-11-29T08:59:15","date_gmt":"2014-11-29T16:59:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=309879"},"modified":"2020-04-07T02:39:17","modified_gmt":"2020-04-07T10:39:17","slug":"southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation\/","title":{"rendered":"SouthStar, Thomas Land &amp; Development Partner on 145-Acre Mixed-Use Ovation"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_309880\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Ovation-main-street-from-West.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-309880\" title=\"Ovation \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Ovation-main-street-from-West.jpg\" alt=\"\" width=\"300\" height=\"168\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Ovation &#8211; western view of main street<\/p>\n<\/div>\n<p>Ovation, the transformative 145-acre project under development in Nashville\u2019s Cool Springs submarket, is moving along at a dynamic pace. Just one month after breaking ground on the project\u2019s 1.4 million-square-foot office component, SouthStar, LLC has now announced entering into a strategic partnership with Thomas Land &amp; Development (TLD) to develop the project\u2019s retail, hospitality and residential components. As such, Franklin, TN-based SouthStar LLC and Newnan, GA-headquartered Thomas Land &amp; Development (TLD) will develop close to 500,000 square feet of retail, construction on which is expected to commence in spring 2015, <a title=\"SouthStar and Highwoods Properties Break Ground on 145-Acre Mixed Use Ovation in Cool Springs\" href=\"https:\/\/www.commercialsearch.com\/news\/cities\/nashville\/southstar-and-highwoods-properties-break-ground-on-145-acre-mixed-use-ovation-in-cool-springs\/1004106579.html\" ><em>as previously reported<\/em><\/a>. \u00a0The partnership will also bring two hotels totaling 450 keys to Ovation.<\/p>\n<p>One development will be a full-service, business hotel while the other will provide boutique, luxury accommodation. The partnership will also develop Ovation\u2019s residential component, which will include 950 residences ranging from apartment homes million-dollar mansions. Raleigh, NC-based Highwoods Properties is developing Ovation\u2019s 1.4 million square foot, Class A office component. Highwoods is targeting LEED certifications for these facilities. But LEED-certified office won\u2019t be the only green element of Ovation. Developers have announced plans to preserve approximately one third of Ovation\u2019s 145 acres as green space.<\/p>\n<div id=\"attachment_309882\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Ovation-hotel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-309882\" title=\"Ovation - hotel\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Ovation-hotel.jpg\" alt=\"\" width=\"300\" height=\"168\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Ovation &#8211; hotel<\/p>\n<\/div>\n<p>\u201cSouthStar has seasoned\u00a0expertise and a deep dedication to this project,\u201d President and CEO of Highwoods Properties Ed Fritsch said. \u201cIntroducing TLD\u00a0simply turbo charges an already powerful engine [and] further enhances\u00a0the capacity behind making Ovation a true success and a best-in-class destination.\u201d Founded in 1993 as Thomas Enterprise, Thomas Land &amp; Development evolved from developing big-box power centers and grocery-anchored neighborhood shopping centers to large-scale, master-planned communities featuring luxury hotels, multifamily residential components and upscale retail facilities. Since 1993 TLD has developed over 67 million square feet of commercial space. Currently TLD owns over 20 million square feet of retail property and more than 22,000 acres of prime, undeveloped land in across the U.S.<\/p>\n<p><em><a title=\"Market Snapshot: Nashville\u2019s Booming Economy Spurs Rent Growth Across All Market Sectors, Continues to Attract Out-of-State Investors\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nashvilles-booming-economy-spurs-rent-growth-across-all-market-sectors-continues-to-attract-out-of-state-investors\/1004108162.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further Nashville market data<\/em><\/p>\n<p><em>Renderings courtesy of SouthStar LLC<\/em><strong><em><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ovation, the transformative 145-acre project under development in Nashville&rsquo;s Cool Springs submarket is moving along at a dynamic pace.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004108436","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SouthStar, Thomas Land &amp; Development Partner on 145-Acre Mixed-Use Ovation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SouthStar, Thomas Land &amp; Development Partner on 145-Acre Mixed-Use Ovation\" \/>\n<meta property=\"og:description\" content=\"Ovation, the transformative 145-acre project under development in Nashville&rsquo;s Cool Springs submarket is moving along at a dynamic pace.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-29T16:59:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T10:39:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Ovation-main-street-from-West.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southstar-thomas-land-development-partner-on-145-acre-mixed-use-ovation\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"SouthStar, Thomas Land &amp; 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