According to Wilson County records, Clayton Properties purchased 13 parcels in Lebanon through Goodall Homes for a combined $1.05million.
According to Goodall Homes, the properties near Heatherly Way and Cairo Bend Road are part of an upcoming development called "The Preserve at Belle Pointe."
According to documents from 2019, the project is still in its first phase.
Chris Smith, the land manager for Goodall Homes, stated that the entire community would be finished in 10 years and include around 1,000 homes.
Smith stated that he would be going to the city in order to start the new phases as soon as the community had been approved. We have built in Lebanon for many years. We are just finishing up the final phase of our Stone Bridge Community, which we have been building since 2007.
Smith said that the community would offer a mixture of single-family houses, townhomes as well as villas and cottages. Prices range from $329,000 to $429,000.
Smith could not provide an estimate of the total cost, but said that the amenities alone (including the park) will cost more than $80 million.
Smith stated that Goodall does not anticipate a drop in demand once the community is completed.
We've been doing business in Middle Tennessee since 40 years. We have a lot of experience and a great reputation on the market. Smith stated that they know this area will continue to grow. There's a great deal of demand. We are aware of these things, but jobs continue to be created here. People continue to arrive here. We also consider affordability and the product, as we want to offer a product people can afford.
Lebanon, as well as Middle Tennessee, lacks housing. The new homes are a welcome addition. Greater Nashville Realtors published a report that showed 8,677 houses were available in the entire region. This is an increase from a year earlier, but it's still lower than pre-pandemic numbers (11,276 homes in March 2019).
In recent years, the city has received significant investments from companies such as Tritium REI Walmart and New Balance, which have promised hundreds of jobs.