In a recent government meeting, officials discussed significant developments in the city’s construction and commercial space planning, highlighting a robust increase in investment despite a slight dip in overall development activity last year.
The city reported a construction value of $861 million for fiscal year 2024, marking a 13% increase from the previous year. This growth reflects a strong investment climate, with 247 single-family homes, 522 multifamily units, and 155 townhomes permitted. Notable residential projects like West Haven and Water's Edge continue to progress, alongside new subdivisions entering the permitting phase.
Alderman Baggett introduced a preliminary discussion on potential commercial space options for the new city hall, emphasizing the need to activate the 3rd Avenue corridor. The proposal aims to support local merchants and enhance downtown Franklin's appeal. Officials expressed a desire for unique, locally-owned businesses rather than chain establishments, with a focus on eateries that could draw foot traffic and create a vibrant atmosphere.
Concerns were raised about balancing the needs of new businesses with existing downtown establishments, particularly regarding market saturation and parking availability. Alderman Potts highlighted the importance of ensuring that new ventures do not negatively impact current businesses, advocating for a careful assessment of existing offerings before introducing new ones.
The conversation also touched on the potential for the city to assist local entrepreneurs by providing affordable commercial space, possibly through partnerships with organizations like the Williamson County Chamber of Commerce. This approach aims to foster a supportive environment for small businesses while maintaining the unique character of downtown Franklin.
In addition to commercial space discussions, the meeting addressed administrative updates, including an occupational safety and health program plan and a contract for the use of county facilities during the construction of the new city hall. These updates are part of ongoing efforts to ensure the city’s operations remain efficient and compliant with state requirements.
Overall, the meeting underscored a commitment to fostering economic growth while preserving the local character that makes Franklin a desirable destination.