Construction is underway on a new rental home community on the east side of Franklin.
The Links at Franklin, a luxury multi-family neighborhood of 167 homes on over 30 acres, will be located adjacent to King Street, Jefferson Street and Umbarger Lane. It will be bordered by Franklin Fire Station No. 22, Waffle House, and Franklin Cove Apartments.
Local developer MultiPro, LLC and five investment partners – Chris Dowty, Pat Dowty, Mark Smythe, Austin Smythe and Mike Jarvis – have seen a gap in the local housing market for contemporary, high-end rental units, said Chris Dowty . A lack of inventory and the toughness of the local market make the project perfect for Franklin, he said.
The community fits well with the city’s vision for the I-65 corridor, which has been transformed over the past decade, Mayor Steve Barnett said.
“Franklin has a great need for all types of housing development. I am delighted that local investors are bringing a diversified offer to our community. This luxury multi-family neighborhood is the perfect addition to our hallway,” Barnett said in a statement.
The development’s name is inspired by how well-connected the multi-family community is to the walkway, one of Franklin’s main selling points, said Chris Dowty.
“In addition to the confidence we have in Franklin’s leadership and the rising housing market, what ultimately led us to this location was the convenient proximity to the Greenway Trail, golf, parks, downtown from Franklin, I-65 and accessibility from multiple entrances on King Street, Jefferson Street and Umbarger Lane,” it said in a statement.
The 167 units will be built in 26 buildings and in two phases. The first phase will include 98 units.
Each unit will have three bedrooms, two bathrooms and spacious two-car garages built to accommodate trucks and SUVs. Some units will have solariums.
Units will feature maintenance-free living, luxury finishes, stainless steel appliances, granite countertops, plank floors, vaulted ceilings, spacious walk-in closets and in-home laundry, said Chris Dowty.
Rents are at market rates and will range from $1,800 to $2,100, with higher rents for units with sunrooms, he said.
Work on the site has begun and construction is expected to be in full swing by April. The first units should be ready to move in by fall, Christ Dowty said.
Development is ready to go after nearly two years of planning and continued support for the project by Barnett and other city officials. Although developers were denied tax relief last year due to the complexity of offering discounts to residential developments, city officials have always supported the project, Barnett said last year.