Renaissance|Farragut
(R|F) is a 29 acre campus
style development located on Kingston
Pike in Farragut, Tennessee (suburb
of Knoxville) that will ultimately
consist of 200,000 +/- square feet
of office and retail space that is
for sale or lease. The development
has over a 1/4 mile of road frontage
and therefore it is one of the most
visible commercial locations in the
area. All of our office and retail
clients are carefully approved to
maintain the reputation and character
of R|F . Renaissance |Farragut is
regarded as "upscale", while promoting
a family-friendly environment with
a mixture of boutique retailers, service
providers, professional offices, and
restaurants. The local demographics
exhibit some amazing findings. The
average household income in a one
mile radius of R|F is over $130,000/year!
Within a three mile radius, the average
household income is over $105,000/yr.
There are 7,728 households in this
same three mile radius with a total
population of 20,316. From 1990 to
2004, the local households within
one mile grew from 592 to 1178. The
projections in both population and
income for the next decade are even
more impressive (I have a detailed
demographic report; let me know if
there is other data you would like).
The R|F architecture is nostalgic
of a 19th century downtown while still
utilizing the features of post-modern
design. The existing blue line stream
is preserved and will remain as open
space for the owners, tenants, clients,
and customers to enjoy. R|F will host
a “park like” setting
for people to work, dine, and shop
near where they live. Our research
shows that a great number of people
who live in the Farragut area are
forced to commute outside of the Town
of Farragut for these amenities. Therefore,
R|F is an attractive and convenient
alternative to those people wishing
to work, shop, & dine closer to home.
The location also makes giving directions
to new and prospective clientele very
easy, as all R|F has Kingston Pike
addresses . Additionally, a greater
attraction for some is that one can
purchase space in R|F. We currently
have spaces for sale ranging from
960 s.f. to over 18,000 s.f.. With
interest rates near record lows, this
is a very economical option for people
wishing to find an alternative to
a traditional lease and at the same
time build equity in their property.
The purchase option is a great way
for a small business to hedge against
the ever rising cost to lease. The
project is one of the largest commercial
projects within the Farragut limits
to date. The buildings are organized
as "commercial condominiums", thus
allowing the flexibility of individual
ownership or traditional net leases.
For more information on the R|F, please
contact one of the Myers brothers
directly. |