Toro Development Company, Highwoods, and Ignite Realty Partners have teamed up to develop Ovation, one of the largest ground-up mixed-use communities in the country currently underway. The project will span 145 acres in the affluent Nashville suburb of Franklin, Tennessee.
In collaboration with Highwoods and IRP, TDC will develop a 60-acre parcel at the heart of the property into a unique “third place” for Franklin. The site is currently home to Mars Petcare’s North American headquarters, which spans 224,000 square feet and features collaborative office space and a variety of pet-friendly amenities, such as a dog park and doggie daycare.
The plan is for Highwoods, which developed and owns the Mars Petcare headquarters, to serve as the master developer for the project and deliver the office component. TDC will execute the mixed-use village and deliver retail, multifamily residential and hospitality.