The Grove at Towne Center is a livable, walkable, business-friendly community in a brand-new development in a growing, affluent locale. The multi-phase project consists of multi-family residential units, a library and community space, a market and event building, retail and restaurant spaces, making it perfect for a variety of businesses to grow and build synergy with one another. Site is located directly across from the new Northside Hospital which will provide an ambulatory surgery center, urgent care, and other Northside outpatient facilities.
The site is densely populated, home to 172,000 residents within five miles and 311,799 within a 15-minute drive. Businesses can capitalize on this and the country’s migration to the Southeast, which will benefit the area with a 4.1% projected growth in population within five miles. This trend complements the area’s robust $100,514 average household income. According to CoStar data, this allows for $3.6 billion in total consumer spending within a 15-minute drive of the building, 29.2% of which is spent on food and drink, 11.1% on entertainment, and 5.4% on apparel.
The property is in a retail corridor with household names such as Target, Walmart, Publix Super Market, Lowe’s, The Home Depot, Best Buy, Kroger, T.J. Maxx, Belk, and more. The Grove at Towne Center is the ideal destination for businesses searching for a newly developed, mixed-use center in a growing and affluent community.
Kirk Demetrops
MidCity Real Estate Partners