A new mixed-use project that could end up costing between $500 million and $700 million is in the early planning stages fronting on Interstate 40 in Arlington.
If approved, the development — called Hawthorne — would mean another major mixed-use project along the Interstate 40 corridor in northeast Shelby County. The Lake District at Lakeland west on the expressway is under construction with a price tag in the $400 million to $500 million range.
The two projects represent the growth along the interstate in that part of the county. And the $150 million Ashmont project, planned near the Lakeland exit, will mean well over $1 billion in new mixed-use developments in a six-mile stretch proposed through that highly traveled suburban corridor.
On Tuesday, Feb. 21, the Arlington Planning Commission considered the commercial and residential halves of the Hawthorne planned development just north of the I-40 interchange between Tenn. 385 and Airline Road.
Nashville-based developer Beacon Companies’ 92-acre Hawthorne site is divided by Hall Creek, and plans feature an abundance of open space including lakes, trails, an amphitheater, a disc golf course and a community/dog park among the amenities.
Hear from community leaders and learn more from the full article on the Daily Memphian.