Welcome to an extraordinary opportunity to own 40 acres of prime development land on N. Highland Ave. in Jackson, Tennessee. This strategically located property is adjacent to the highly anticipated development, "The Crossings at Exum Place," a groundbreaking $350 million mixed-use venture set to transform the landscape of Jackson in 2024.
The Crossings at Exum Place is poised to be a dynamic hub, seamlessly integrating residential, commercial, and entertainment spaces, all designed to enhance walkability and community engagement. Envisioned features include 260,000 square feet of commercial development, 1,100 residential units comprising single-family homes, townhomes, loft apartments, and senior housing units. The development will also boast outdoor venues, a farmers market, and a vast 40 acres of green space, complete with lakes and dog parks.
Chris Carothers, a real estate broker a...
Chris Carothers, a real estate broker and partner, expressed the project's commitment to providing diverse housing options, with over 600 single-family homes and townhomes, over 500 apartments, and discussions underway with various businesses, including grocery stores, restaurants, healthcare/fitness centers, and hotel groups.
Supported by an economic impact analysis from Younger Associates, The Crossings at Exum Place is expected to create 1,500 new jobs and contribute over $3.4 billion to the City of Jackson and Madison County over the next 20 years. Projections include more than $68.4 million in net new property taxes and over $62.5 million in new local sales taxes during the same period.
The development aligns perfectly with the growth trajectory of Jackson and Madison County, catering to the housing needs of employees from existing and incoming industries. With major companies like Georgia-Pacific, 6K Energy, and BlueOval City already showing interest in the region, The Crossings at Exum Place becomes a crucial factor in ensuring Jackson remains competitive in the face of regional growth opportunities.
Seize this incredible opportunity to own land in a flourishing and rapidly developing area of West Tennessee. Whether you're an investor, developer, or visionary, this property offers immense potential and value. For more information or to schedule a tour, kindly contact our office or your preferred Realtor. Don't miss out on being part of the transformative journey that awaits in the heart of Jackson's promising future.