FOR IMMEDIATE RELEASE
LAKELAND, TN (August 3, 2018) –The Lake District — a 160+ acre premier lifestyle community in Lakeland, Tenn. – today announced a breakthrough development: the complete acquisition of land, paid in cash, representing over 125-acres. The news of the acquisition marks another major step forward for the luxurious mixed-use community just outside of Memphis.
“We’re thrilled that The Lake District has officially taken 100 percent ownership of the land,” said developer Yehuda Netanel of Gilad Development Inc. “The exciting news is a catalyst for future investments and partnerships with local businesses and strengthens our ability to bring our one-of-a-kind vision to life for our neighbors. There is no better time for retailers and restaurants to join us. I cannot express enough gratitude for the talented professionals and community leaders that made The Lake District possible.”
Scheduled to open in phases in late 2019, the new acquisition propels growth for the upscale destination. From partnering with award-winning brokers to securing premier tenants, The Lake District has continued to show its commitment to the city.
“The Lake District is quickly becoming the heart of the city, it’s an honor to be a part of it all,” said Ron Belz, CEO of Belz Enterprises. “We join the Lakeland community in welcoming what we know will be an iconic Memphis landmark and a great source of pride for everyone. This is just the beginning!” He continued, “From the moment Yehuda shared his vision of The Lake District with us, we knew
that this was going to be a trendsetting addition to Lakeland and the entire mid-south. We were happy to work with them over the last couple of years to see this moment come to fruition. “
As a “Thank-You” to the entire community, Yehuda happily announced, “Lakeland mornings just got a little better… we’re giving away new commemorative coffee mugs that feature our beautiful new logo! We invite everyone to get their free mug by visiting City Hall or Trust Mark Bank. Start your day, The Lake District way!”
With the land acquisition complete, it’s the ideal time for retailers and restaurants to join The Lake District community. To learn more about leasing space, contact Director of Development, Maggie Gallagher at [email protected] or 901-229-9690.
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About The Lake District:
Scheduled to open in 2019, The Lake District is an upscale 160+ acre mixed-use community surrounding a 10-acre lake and waterways in Lakeland, Tennessee, just outside of Memphis. Designed as an urban village, The Lake District is a walkable, luxurious community with elegant water features threaded throughout its five premier districts: Inline Retail District (high-end retail, grocery), Main Street District (chef-driven restaurants and cafes), Hotel District (two modern hotels, one with lake view), Pad Sites & Office District (65,000 sq.ft of office space), Residential District (assisted senior living, Downtown-style lofts and single family homes).