Retirement-community developer Del Webb is looking to create a community that will draw Williamson County’s empty nesters, as well as retirees considering a move to the Middle Tennessee area. Local real estate agents say that if Del Webb develops a community similar to their Lake Providence development in Mt. Juliet, it will be wildly successful.
Currently, the developer is in the process of purchasing farmland off of Del Rio Pike in Franklin, near the Westhaven community. While we have seen a lot of growth in the Williamson County area, what is it about the area that will draw aging populations? For starters, the lifestyle offered is top notch, the crime rate is low, and there is a nearby interstate system with fast access to healthcare and shopping. On top of all that, taxes are relatively low.
Buyers in Del Webb’s targeted demographic are looking for gated communities comprised of homes between 1,300 and 2,500 square feet. Of course, they also want homes at a realistic price point. This demographic is currently not being served in Williamson County and was not being served in the Mt. Juliet area until Del Webb built the Lake Providence community.
The predicted success will not come solely from local residents planning to move to an active adult community, but also from the new trend of parents following their working children’s corporate relocations to Middle Tennessee. For this reason along with the attributes above, we expect to see many more 55+ communities being developed in the Greater Nashville area in the near future.