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Pinnacle celebrates official grand opening


A crowd of close to 150 community residents was on hand Wednesday, April 12, for the official grand-opening of the Colonial Pinnacle at Turkey Creek.

“This is an exciting day for Farragut,” said Farragut Mayor W. Edward “Eddy” Ford III, who was present for the ceremony. “We look forward to what the future holds.”

John Turley of Turkey Creek Land Partners said it took a lot of planning and work to make the lifestyle center a reality.

“This is certainly the high point of our career,” he said. “We started this project over a decade ago.”

Turkey Creek Land Partners joined forces with Colonial Properties Trust of Birmingham, Ala., several years ago 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.

The Colonial Pinnacle is a lifestyle center. Developers say the open design allows consumers better and more direct access to the stores they want. Almost 500,000 square feet of retail space has been developed for this project, which includes the 82,000 square foot Regal Cinema.

Knoxville Mayor Bill Haslam, present for the ribbon-cutting, said Turkey Creek Land Partners has made a difference in the Knoxville community.

Knox County Mayor Michael “Mike” Ragsdale said it took the city, the county and the town of Farragut working together to make it all happen.

“Cooperation is the key to success,” he said.

Bill Leitner, executive vice president of retail development for Colonial Properties Trust, said a lot of the success in the creation of the Turkey Creek shopping center was due to the work of John Turley and Turkey Creek Land Partners.

“John was, without a doubt, the top man in making this happen,” he said. “Jim Nixon, from the same company, was the greatest problem solver. We called him Columbo by the end of the project.”

Earlier that day, World Market, one of the new businesses in the Colonial Pinnacle development, hosted its own ribbon cutting.

and grand opening ceremony.

“We’re glad to be here in Knoxville,” said Rudy Yadao, a director from the World Market corporate office. “Knoxville was the natural choice for our next store. With the success of our store in Memphis, residents have told us they are glad we are here.”

The store contains a variety of furniture and household items as well as a diverse selection of food and beverages from around the world.

Knoxville resident Doug Ross manages the store and said he is looking forward to serving the residents of Knoxville.

 

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