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Nixon talks Turkey
Turkey Creek Land Partner keynotes Farragut West Knox Chamber Breakfast


Community members and officials said they left Fox Den Country Club Tuesday morning, March 28, feeling excited about the changes happening in the Farragut business community.

Jim Nixon of Turkey Creek Land Partners, as part of the Farragut West Knox Chamber of Commerce Breakfast Speaker Series, told a packed dining room of the tremendous growth happening in West Knoxville, including the Colonial Pinnacle development on Parkside Drive.

“I think what is happening is really exciting,” said Susan Ruth of American Home Mortgage after the meeting. “I think the community is growing, which in turn means more residential growth.”

Ernest Joyner, a plant manager for TDS Telecom, said he was excited about the growth and what it meant for his company.

“This is really exciting news for our community,” he said. “It’s an excellent opportunity for businesses to come to this area. It also allows us at TDS Telecom to reach out and serve more business members of our community.”

Emily Cox, owner of Aspinwall Station, also believes the growth will be good for her business.

“I think competition is a good thing,” she said.

Cox, whose store specializes in furniture items, said she wasn’t worried about a large furniture retail store Nixon said was slated to open in the Colonial Pinnacle development.

“Our items are more of an accent piece,” she said.

R. Knick Myers, one of the owners of Myers Bros. Holdings, said the changes revealed by Nixon would be a boon to the local economy.

“If you look at this area, we are blessed with the growth we have,” he said. “I think this is something people want to know about. The kinds of stores they’ve got going in there speak about who they are trying to attract.”

Nixon said Turkey Creek Land Partners has joined forces with Colonial Properties Trust of Birmingham, Ala., to develop the 400-acre tract that comprises the mammoth Turkey Creek development. Those are just the first two phases of the project.

For the third phase, the two have joined together in a joint venture and are known in corporate circles as Parkside Drive, LLC. This third phase will deal with a 33-acre strip of land.

“I think everyone is interested in the Colonial Pinnacle development,” Nixon told the crowd. “The Colonial Pinnacle is a lifestyle center. As some of you may know, the mall business in the United States is practically dormant.”

Nixon said the expenses tenants have in malls have become so great they are abandoning the malls in favor of what are called lifestyle centers. These centers have a common parking area, but the stores are not enclosed, as you would find in a shopping mall.

“We have sixty-eight tenants going in twenty-five buildings,” Nixon said. “We will also have three out lots.”

Almost 500,000 square feet of retail space has been developed for this project, which includes the 82,000 square foot Regal Cinema, he said.

Nixon said Belk would be the anchor store of the lifestyle center. The company has 220 stores in 14 states. Talbots, a specialty retail chain with more than 1,000 stores, will also be part of the development.

Jos. A. Bank Clothiers, which specializes in men’s apparel, will be part of the development as will the Shoe Department, a shoe store. The 725-store chain Bed, Bath & Beyond will offer items for customers who may also shop at Kirkland’s, a home décor store with more than 300 stores across 37 states.

Other companies coming to the development include Cost Plus World Market, Victoria’s Secret, Borders Books and Music and the Bonefish Grill.

“These companies are the biggest and the best we could find,” Nixon said.

 

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