WASHINGTON COUNTY, Tenn. (WJHL)- News Channel 11 has obtained a site plan that lays out preliminary locations for retailers in a new development slated for Boones Creek.
The plan is to create a sizeable retail district off of Interstate 26 near Exit 17.
Bryan Sangid and Mark Larkey, developing partners on the project, said they’re still refining design plans and having conversations with potential tenants.
“The interest that we have received regarding the development has been overwhelming,” said Larkey. “That’s been very encouraging to us.”
Larkey said several retailers and restaurants they’re in talks with are not currently in the Tri-Cities region.
Sangid said it’s too soon to release specifics but they expect to do so in a couple of months.
The developers said the current design includes space for a hotel and multi-family units on site.
They’re also planning to include outdoor and indoor recreational activities.
“The current retail playbook is somewhat broken and what we’re doing here is creating a new playbook that is more experiential for the customer,” said Larkey. “It’ll be a gathering place. A place where people want to bring their families.”
Sangid said the project will sit on about one-hundred acres of land.
Johnson City Manager Pete Peterson said that will fall within a broader development district.
“That will not be the entirety of the zone that we will establish,” Peterson said. “So you can look at that as perhaps phase one of a multi-phase development and I’m sure that hopefully there will be other developers with a desire to come in and be a part of this opportunity.”
Under a new state law, Johnson City Commissioners can designate up to 950 acres of land in which developers can benefit from tax incentives for three decades.
“This incentive is done solely with state revenues. There are no local dollars in this incentive, which makes it even more attractive,” Peterson said.
He said commissioners still have to pass an ordinance outlining the zone, which will then need to be approved by the state. Peterson expects that to be done by mid-October.
Sangid and Larkey said they plan to begin construction on their portion of the development district next summer.
They said it’s too soon to tell when they will be open for business.
You can view the full site plan HERE.