Franklin TN Mixed-Use Property Sale: Waterside at Westhaven Sells for $8M
Some developments start with spreadsheets. Others start with vision.
The story behind Waterside at Westhaven began nearly a decade ago when Westhaven was still surrounded by farmland and the future of the community was only beginning to take shape.
Recently, that long-term vision came full circle with a Franklin TN mixed-use property sale that closed at $8 million.
Jake Clark of SVN | Accel Commercial Real Estate represented the transaction, continuing his focus on investment sales across the Franklin and Nashville commercial real estate markets.
The property involved was Waterside at Westhaven, a fully leased mixed-use asset located at 158 Front Street in Franklin, Tennessee, totaling 20,984 square feet and selling for $381.24 per square foot at a 5.5% cap rate. The pricing reflects continued investor demand for high-quality mixed-use investment properties in the Franklin market.
Key Details of This Franklin TN Mixed-Use Property Sale: Waterside at Westhaven
Property: Waterside at Westhaven
Location: 158 Front Street, Franklin, Tennessee
Sale Price: $8,000,000
Building Size: 20,984 SF
Asset Type: Mixed-Use (Retail + Luxury Multifamily)
Occupancy: 100% Leased
Price per SF: $381.24
Cap Rate: 5.5%
The property includes six retail suites on the ground floor and six luxury residential units above, creating a walkable retail and residential environment in the heart of Westhaven Town Center.
Why Investors Are Targeting Mixed-Use Property in Franklin TN
Franklin continues to attract national attention as one of the fastest-growing and most desirable suburban markets in the Southeast.
Located roughly 20 miles south of downtown Nashville, Franklin sits within Williamson County, one of Tennessee’s most affluent and economically dynamic counties. The area has experienced sustained population and employment growth driven by the expansion of the broader Nashville metropolitan economy.
Its proximity to Nashville, strong demographics, and high quality of life have made Franklin a magnet for both residents and investors.
Mixed-use properties like Waterside are particularly attractive because they combine retail activity with residential stability, creating assets that perform well in walkable lifestyle communities.
Located directly along the waterfront in Westhaven Town Center, Waterside sits at the center of one of the region’s most successful master-planned communities developed by Southern Land Company.
The Story Behind Waterside at Westhaven
Every meaningful property has a story.
For Waterside, that story began in 2013, when local developer Rick English of Boston English Properties acquired the site in Westhaven during the early stages of the community’s growth.
Construction followed soon after, and the mixed-use building that would become Waterside at Westhaven opened in 2015. At the time, much of the surrounding area was still open farmland and cornfields. But the developer recognized the long-term potential of what Westhaven could become.
Inspired by the leadership and vision of Southern Land Company CEO Tim Downey, the belief was that Westhaven would evolve into one of the South’s premier master-planned communities built around walkability, connection, and lifestyle.
That vision has since become reality.
Today, Westhaven is recognized as an award-winning master-planned community in Franklin, offering golf, walking trails, resort-style amenities, and a vibrant town center filled with restaurants, retail, and gathering spaces for residents.
Waterside at Westhaven sits at the center of that environment, positioned directly along the waterfront within the town center and serving as one of the community’s most recognizable mixed-use buildings.
A Trophy Mixed-Use Asset in Westhaven Town Center
Waterside has become one of the most recognizable mixed-use properties in the Westhaven community.
Positioned along the waterfront in the heart of Westhaven Town Center, the property blends retail, dining, and residential living into a walkable lifestyle environment that serves both residents and visitors.
The building features a curated tenant mix including restaurants, boutique retail, and lifestyle services, while six luxury residential units sit above the retail level with views overlooking the town center.
Key features of the property include:
Six retail tenants creating an active ground-floor retail environment
Six luxury residential units above the retail level
A curated mix of restaurants, retail, and lifestyle tenants
Walkable waterfront positioning in the center of the community
Long-term tenant investment supporting a vibrant retail hub
Today the building is fully leased, with tenants who have made significant investments in their spaces and contribute to the lively retail and lifestyle environment that defines Westhaven Town Center.
A Strong Signal for the Franklin Investment Market
The sale of Waterside highlights the continued strength of the Franklin TN commercial real estate market, particularly for mixed-use assets located within well-planned lifestyle communities.
Investors increasingly seek properties that combine:
strong tenant demand
walkable retail environments
lifestyle-oriented locations
stable residential components
Waterside at Westhaven brings all of those elements together.
As Franklin continues to grow alongside the broader Nashville metropolitan area, mixed-use properties in communities like Westhaven remain highly sought after by investors looking for long-term stability and growth.
What the Developer Said About Working with Jake Clark
“Working with Jake Clark has been one of the most rewarding professional relationships of my career. As a developer with decades of experience and more than $300 million in commercial real estate transactions, I’ve worked with countless brokers, but Jake stood out immediately for his enthusiasm, transparency and relentless follow-through.
He is one of the best listing agents I’ve worked with, and more importantly, someone I could fully trust. We were a true team from start to finish.
Jake helped me close more than $12 million in deals with another $8 million in the pipeline, including navigating a low appraisal with a seven-page Reconsideration of Value that secured $150,000 above the appraised price. For one of our trophy listings, he drove strong exposure with 164 signed NDAs from qualified buyers and press coverage.
Jake’s grit, creativity and integrity have made him not only a trusted advisor, but also a great friend.”
~ Rick English, Boston English Properties, Franklin, Tennessee
About Jake Clark
Jake Clark is an Advisor with SVN | Accel Commercial Real Estate based in Brentwood, Tennessee, specializing in multifamily and mixed-use investment properties across the Nashville and Middle Tennessee markets.
Clark works with investors and property owners on the acquisition and disposition of commercial real estate assets, with a focus on multifamily and mixed-use properties throughout the region.
Before transitioning fully into brokerage, Clark worked in commercial real estate private equity as an Acquisitions Associate, where he sourced and helped close approximately $50 million in commercial transactions. Since moving into brokerage full-time, he has closed more than $25 million in investment sales over the past three years, building expertise in the Middle Tennessee investment market.
Clark holds a bachelor’s degree in finance from the University of Dayton and focuses on helping investors identify and execute opportunities in the rapidly growing Nashville and Franklin commercial real estate markets.
Investors, property owners, and developers seeking guidance on multifamily and mixed-use investment opportunities in the Franklin and Nashville markets can connect with Jake Clark here: https://www.multifamilytn.com/contact
