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Sumner County developer makes multi-million dollar land deal
Oct 03, 2005 12:00 am
October 1, 2005
A Sumner County development company overseeing the construction of a 265-acre mixed-use project in Hendersonville recently purchased nearly 150 acres near Hickory Ridge Road for more than $2.3 million.
According to documents filed with the Wilson County Register of Deeds, Halo Properties LLC completed the $2.39 million deal Sept. 27.
Though attempts to contact Halo Properties Chief Manager Danny Hale were unsuccessful Friday, Hale's company is behind Hendersonville's 265-acre Indian Lake Village, which is being developed off the city's newly constructed Indian Lake Boulevard.
Columbus, Ohio-based developer Continental Real Estate has joined Halo Properties in the development of Indian Lake Village, and the project is expected to attract formal and casual restaurants as well as national retailers.
In addition to retail space, the Hendersonville project will include 2.3 million square feet of office space and nearly 1,000 high-end residential dwelling units.
In previous reports, Hale has said Indian Lake Village, which is expected to be completed over a 15-year period, is likely to generate about $20 million annually in sales tax revenue for Sumner County.
Staff Writer Brian Harville can be reached at 444-3952 ext. 16 or by e-mail at firstname.lastname@example.org.