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Developer proposes 300,000 sq ft flex business park on Columbia Pike; commissioners press traffic, tax concerns
Summary
Saint John Properties pitched a primarily commercial "flex" business park with retail pads on Columbia Pike in Thompson's Station. Commissioners welcomed investment but said traffic mitigation and attracting sales-tax-producing tenants must be addressed before formal approvals.
Jonas Asner, regional partner with Saint John Properties, presented a proposal for roughly 293,000–300,000 square feet of flexible commercial space and retail pads along the Columbia Pike corridor in Thompson's Station, saying the project is meant to provide "homes for businesses" and complement the town’s character.
Asner told the Board of Mayor and Aldermen and Planning Commission that the plan centers on two inline retail buildings facing Columbia Pike and three standalone pad sites, plus six larger flex buildings arranged as three pairs behind the retail. "We will deliver a pair at a time and it's only when those become about 50 to 60% leased at least do we start construction on the next two," Asner said, describing a phased approach intended to limit immediate build-out risk.
The…
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