By MATT BLOIS
A developer that built major office projects in Brentwood and Franklin will start construction on another office in Maryland Farms.
The project is a four story building at the intersection of Virginia Springs and Granny White Pike. In a press release, the development company Highwoods Properties estimated the 111,000 square foot project will cost about $37.8 million.
Construction on the new building should begin this fall. The company hopes to complete the project by the third quarter of 2020.
According to the Nashville Business Journal, the Brentwood construction firm The Parent Company will build the project.
In a press release, Highwoods CEO Ed Fritsch said he was confident the company would be able to find tenants for the speculative project.
The new building is the second office on the property. The private prison operator CoreCivic and the staffing company Vaco occupy the first building, completed in 2019. The property is located adjacent to the Tractor Supply headquarters.
The Brentwood Planning Commission approved a plan to build two office buildings and a parking structure on the property in 2016. The parking structure was later removed from the plan. The plans also show that the developer could build a connector between the two buildings.
Highwoods purchased the property for $9,000,000 in April 2016. Highwoods also owns an office building occupied by Tivity Health at the corner of Carothers Parkway and Cool Spring Boulevard.
The developer also owns two office buildings at the intersection of Maryland Way and Highway 31. Highwoods Properties built Mars Petcare’s North American headquarters in the Ovation development.