MOMENTUM SPEEDS AHEAD FOR LARGEST DEVELOPMENT PROJECT IN SHELBY COUNTY
LAKELAND, TN (NOVEMBER 1, 2018) – The summer momentum continues into autumn for The Lake District (TLD). After a summer of hitting milestone after milestone, the fall is proving to be even more prosperous.
Yehuda Netanel, owner of Gilad Development Inc, TLD’s developer explained, “There’s so much to celebrate, over 100,000 square-feet of retail space has been committed to by tenants!”
In addition to Starbucks, Malco Theatres, Gould’s Salon and Spa, Osaka Japanese Restaurant, and The Stock Market Supermarket, six more tenants have committed to
The Lake District. New commitments include Gloss Nail Bar, Brick House Fitness, Mojito’s Latin Restaurant, Crave Bistro, Crave Sweets, and a signed LOI from Hollywood Feed – which will have a section of the store dedicated to helping rescued cats and dogs, from shelters in the mid-south, find their new forever homes.
Director of Development, Maggie Gallagher, said, “We’re beyond excited! These businesses have their eyes on the future of retail, they joined us because they know The Lake District is designed to create memorable experiences.”
Brokers Shawn Massey of The Shopping Center Group, Max Hamidi and Ginny Dunn of Sperry CGA, The Magellan Group have been working with Netanel and Gallagher to secure retailers.
Netanel continued, “Residential excitement has been overwhelming as well. We have home reservations for 50% of phase 1. Home buyers have already started the design process and can expect occupancy by March 2020.”
Billy Rodgers of Crye-Leike Realtors is the exclusive agent. Anyone interested in building their home at The Lake District can contact him at, 901-569-2274 or email [email protected]
The Lake District also has an Office District with up to 75,000 square-feet of corporate office space. Netanel said, “The Lake District provides the perfect atmosphere for corporate headquarters. Imagine sitting at your desk, looking out your window and taking in the stunning views of our 10-acre sapphire lake.”
Gallagher added, “Forget the long commutes to outdated buildings with views of parking lots, life and work are better at the lake, now you never have to leave it.”
TLD partnered with Colliers International to represent all office space. Ron Riley, Senior VP of Asset Services at Colliers International said, “This partnership is a seamless fit for us. We pride ourselves on being innovative and value-driven, and that’s exactly what The Lake District represents.”
One of the more frequently asked questions from the community is “what is happening on-site?” Netanel was excited to explain, “erosion control is complete which is a time-intensive process with the engineers. Don’t stand too close though, trees have already started coming down. We are also literally paving the way to the lake with the grading of our main road, Lake District Drive.”
More exciting news is expected before the end of fall and continue into the new year with phase 1 of the commercial development set to open in 2019.
To learn more about The Lake District, please visit www.thelakedistrict.us, and follow @TheLakeDistrictTN on Facebook.
Access graphics and logos related to the article here: https://www.dropbox.com/sh/iip1itmbsmvn8s9/AAB8lhHkxjVQnR24YiEbQiABa?dl=0
Retailers are encouraged to contact Maggie Gallagher, Director of Development at:
Email: [email protected]
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About The Lake District:
Scheduled for phase 1 of commercial development 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, Main Street District (boutique retail, chef-driven restaurants and cafes), Hotel District (two modern hotels, one with lake view), Pad Sites & Office District (75,000 sq.ft of office space with lake views), Residential District (age restricted living, Downtown-style lofts and custom single family homes).