Lewisburg staff report steady home sales across multiple developments, redevelopment inquiries continue

City staff updated the mayor and council on housing development activity and economic prospects during the meeting.

City manager Bam Hazlop and Director of Economic and Community Development Jennifer Pearson reported there are three major residential developments under construction: Kings Landing, Savannah Lakes and Saddle Trace. Staff reported ongoing home sales and construction activity across the projects and noted the developer for Findlay Beach is still in site-preparation stages.

Specific sales and construction details reported by staff include: - Kings Landing: the presenter said the project had “already built 53” units and that 50 of those were sold; a total project-unit figure was read aloud in the meeting that is inconsistent with the build figure, and the city did not provide a single clarified total in the record. - Savannah Lakes (near Oak Grove): staff said seven units have sold and two units were under contract; staff noted buyers included local residents, investors and residents relocating from Franklin, Columbia, Spring Hill and several out-of-state buyers cited by staff (Utah, New Jersey, Texas). Staff said sales staff reported rapid sales for some agents. - Saddle Trace: staff reported 10 single-family homes sold and that townhome sales included 12 sold with two additional units under contract; site amenities including a walking trail and playground are complete and a swimming pool is expected next year at Savannah Lakes. - Findlay Beach: staff said site work and water-line work remain and the earliest units are projected to be available late this fall, but that schedule is preliminary.

Pearson also reported ongoing industrial inquiries. She said she has responded to several recent requests for information (RFIs) about potential industry location or expansion; most inquiries she referenced have been routed through state channels. Pearson also described ongoing due diligence by a recycling-related firm (referred to as Reworld) at the old Tresen Building and said the Industrial Development Board is considering amending its bylaws to allow Marshall County residents who do not live inside Lewisburg to serve on the board.

City manager Hazlop added that the city will open bids on a traffic signal project on Ellington and Mooresville Highway later in the month and that the city is organizing a citywide cleanup event at Rock Creek Park on May 3 with supplies provided and lunch for volunteers.

Staff presented these updates as informational; the council took no separate legislative action on development approvals during the meeting.