Ashton Woods Purchases the Nearly 18-Acre Garden District in the Clari Park Master Planned Development for $7 Million
Land Advisors Organization’s Nashville land team completes transaction, paving the way for 155 new residential units in Desirable Murfreesboro District.
NASHVILLE (July 18, 2024) – Land Advisors Organization’s Nashville office announces that Ashton Woods recently purchased the 17.62-acre Garden District parcel within Hines’ Clari Park Mixed-Use Master Planned Development for $7.0 M. Ashton Woods plans to build 155 ‘for sale’ residential units comprised of 134 townhomes and 21 single-family homes on the site, which is fully entitled, engineered, and permitted. Construction of phase one of the Garden District parcel is expected to begin immediately.
Clari Park is a 78-acre mixed-use master planned community developed by Hines in Murfreesboro, Tennessee that plans for a mix of apartment units, townhomes, single-family homes and new restaurants, including In-N-Out Burger, Raising Cane’s, Whataburger, PF Chang’s, Firebird’s, Drakes, Cava, and more. The community’s 17.62-acre Garden District is located at the Northwest corner of Willow Oak Trail and Medical Center Pkwy, one-half mile east of Interstate 24. Homes in the gated Garden District will be rear loaded with landscaped patio areas, neighborhood amenities, and community green space. The Clari Park location is in the highly sought-after retail corridor of Murfreesboro.
The transaction was facilitated by Eric S. Deems and Ashley Bishop with Land Advisors Organization. Deems and Bishop are land brokers with expertise in residential and MPC developments, and they advise the region’s most active homebuilders and developers on their land and development projects.
“This is a great purchase for Ashton Woods given the shovel-ready nature of the project. We were pleased to list this project on behalf of the seller, David Weekley Homes. The Clari Park masterplan represents the type of mixed-use development that should be encouraged throughout the entire Nashville MSA,” Deems said.
Clari Park is in the City of Murfreesboro in Rutherford County and has been in development since 2021. Located approximately 25 miles southeast of downtown Nashville, the city of Murfreesboro and Rutherford County’s population has an annual growth rate of 2.21% with the 2023 population of each being 152,769 and 365,150, respectively. A growing employment hub and in proximity to downtown Nashville, Rutherford County has captured 24% of all new housing permits across the Nashville region over the past 12 months to accommodate the region’s growing housing demand.
Land Advisors Organization’s Nashville land team provides advisory services to landowners, home builders, developers, and investors. In addition, the firm’s proprietary and expansive data-driven market analytics are available for the middle Tennessee and surrounding markets to assist in strategic land planning decisions for both landowners and buyers. Land Advisors Organization’s Nashville office is located at 3322 West End Avenue, Suite 610, Nashville, TN 37203.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Kansas City; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
# # #
Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965
