New development approved in north Jackson
JACKSON, Tenn. — A new development was approved Monday in Jackson.
The Crossings Tax Increment Financing District was approved on Monday by the Madison County Commission.
This was the final approval for the proposed $350 million mixed-use development.
The Jackson Industrial Development Board and Jackson City Council previously voted unanimously in favor of the project.
The Crossings at Exum Place was designed in collaboration with LRK, a Memphis-based architectural firm renowned nationally for their expertise in mixed-use projects.
This development will blend residential, commercial, and entertainment areas while promoting walkability.
The main features include 260,000-square-feet of commercial development, 1,100 residential units, outdoor venues, a farmers market, and approximately 40-acres of green space, including multiple lakes and dog parks.
Chris Carothers, a partner with Crossings Partners, explained that this will benefit Jackson and Madison County in many ways.
Two of the most critical benefits is that this development will have an enormous economic impact.
It’s producing at full completion over 1,000 permanent jobs with a $355 million investment.
Second is that it will provide a healthy living pedestrian friendly concept.
Carothers expressed that this will also help with the housing deficit.
“It allows us through this tip to bring online housing that will support the housing deficit that was provided in the housing study that came out first quarter this year, showing that we are in deficit for homes and for apartments to rent,” Carothers said.
Carothers explained when construction will begin.
“We are scheduling breaking ground in the fall of 2023, and we are hoping to have houses being built and commercial property available for sale in the spring of 2024,” Carothers said.
This new development will be located along Ashport Road between the Highway 45 Bypass and North Highland Avenue.
Read the news release here.
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