Lebanon Planning Commission approves redevelopment of outlet mall property

The Lebanon Outlet Mall property is getting a second life.

The Lebanon City Planning Commission last week approved the first phase of a mixed-use development that when completed will bring high-end shopping and dining, office space and residences to the 47-acre property.

City planning documents show the first phase of the project will bring 88 homes to the site, which sits near the intersection of Interstate 40 and Murfreesboro Road. It’s unclear if the homes will be single or multifamily.

The plans do not state the number of phases planned for the redevelopment of the site.

The documents list Lebanon Ventures LLC as the developer, an affiliate of Nashville-based Land Solutions Co. The company bought the property for $9.2 million in May 2022 from Lebanon Realty LLC, which acquired the land in 2019 for $4.5 million.

Lands Solutions could be immediately reached for comment.

The outlet mall was built in 1998 but has been in decline in recent years. The property has been virtually abandoned since the onset of the coronavirus pandemic.

Lebanon Mayor Rick Bell, speaking to the Business Journal in late 2021, said his goal for the city’s growth is to bring in more development that includes eateries and retail options.

“What we hear all the time is more restaurants. Our economic Development Director Sarah Haston, I’ve worked closely with her on bringing restaurants and retail here, that’s what people want so that’s what we’re focusing on right now,” Bell said.

Lebanon’s jobs distribution and manufacturing sector has grown significantly in recent years. Multiple large companies including REI, Walmart, New Balance and Tritium have announced plans to open facilities in the community, promising thousands of jobs collectively.

Much like the rest of Middle Tennessee though, the community is severely lacking in housing. A recent report from Greater Nashville Realtors found there were 9,594 homes available on the market throughout the entire region, which represents around 3.5 months worth of inventory.

 

 

 

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