Clayton Properties, through its affiliate Goodall Homes, recently bought 13 parcels of land in Lebanon for a total of $1.05 million, according to Wilson County deeds.
The properties, near the intersection of Heatherly Way and Cairo Bend Road, are part of a planned development called “The Preserve at Belle Pointe,” according to Goodall Homes’ website.
The project is in its first phase, according to city planning documents from 2019.
Chris Smith, land manager at Goodall Homes, said the entire community will be completed in the next 10 years, and will have around 1,000 homes.
“Right now we have the overall community approved and then as we want to open up new phases we would go to the city to get them going,” Smith said. “We have a lot of history in Lebanon, we’ve built there for a long time. We’re just wrapping up the last phase of our Stone Bridge community right now, and we’ve been building that since 2007 or so.”
Smith said the community will offer a mix of single-family homes, townhomes, villas and cottages. Prices range between $329,000 and $429,000.
He couldn’t provide a budget estimate for the entire project, but Smith said the amenities (including a park) alone will cost over $80 million.
Speaking to building with such a long runway, Smith said Goodall doesn’t anticipate any drop in demand by the time the community is complete.
“We’ve been in business in Middle Tennessee for 40 years, we have a wealth of knowledge and [a good] reputation in the market. We know that this is an area that’s going to continue to grow,” Smith said. “There’s a lot of demand. Has pricing put a little pressure on affordability? Absolutely. Those are things we’re mindful of but the jobs continue to come here. People continue to come here. We’re also mindful from an affordability and a product standpoint, we want to provide a product that people can afford.”
The new homes will be a welcome addition to Lebanon, which, like all of Middle Tennessee, is lacking housing. A recent report from Greater Nashville Realtors showed there were 8,677 homes available throughout the region, an increase over a year ago but still below pre-pandemic numbers (11,276 in March 2019).
The city has seen significant investment from companies including Tritium, REI, Walmart and New Balance in recent years, promising hundreds of jobs collectively.
