Construction has started on a subdivision with 700 home sites at Long Hollow Pike and Big Station Camp Boulevard in Gallatin.
The Carellton community is planned for 410 acres being developed by Green Trails Development LLC, which purchased the property a few weeks ago from an entity linked to recently deceased Nashville businessman J.W. Carell.
Gallatin-based Goodall Homes has 300 of the lots, and newNashville-area player Lennar Homes has up to 200 home sites on which it’s expected to start building next year. Oakland, Tenn.-based Creekside Homes has begun building on some of its 70 lots.
“The homebuilding industry went for several years and we didn’t keep up with demand,” said Bob Goodall, president of Goodall Homes. “So now there’s pent-up demand, and we want to be in the position to provide for the market the needs that it has for housing. We see Sumner County and all of the counties in the Nashville metro area being high growth over the next few years and are just trying to prepare and have housing ready for them.”
Kevin Estes, a partner with Green Trails, said the developer is still seeking builders for the roughly 130 remaining lots at Carellton.
Separately, Goodall plans to start construction in the spring on Millstone, a subdivision off Saundersville Road in Hendersonville. Overall, more than 614 homes are planned on 204 acres in that area. Commercial buildings are to be developed on an additional 16 acres.
In addition to the contract it has on land at Carellton, national homebuilder Lennar is selling homes at Tollgate Village in Thompson’s Station, where it has more than 400 home sites. The company also has up to 200 sites at the Bridgemore Village subdivision in Thompson’s Station that should start coming online early next year. Lennar also is planning a community of about 64 homes called Village Green off Columbia Pike in Thompson’s Station.
Jason Brown, regional director for Nashville at national housing market research firm Metrostudy, said these projects reflect how well the Nashville market is continuing to recover from the housing market downturn. Among other positive indicators, annual closings in the eight-county Nashville area market Metrostudy tracks are up 25 percent and housing starts are up 32 percent.
“The two big factors are Nashville’s job market has done better than most across the country, and it’s still a higher quality of life at a great value,” Brown said.
Getahn Ward covers growth and development. Contact him at 615-726-5968 or email@example.com. Follow him on Twitter @getahn.