An $11 million mixed-use development could bring high-end condos, townhomes, restaurants and retail to downtown Franklin by the end of 2023.
Local developer Bemis Group cleared a hurdle Tuesday morning when the Franklin Redevelopment Commission approved its proposal to buy a small city parking lot at 199 S. Main Street for $5,000, clearing the way for a major development that — for brothers Billy and Todd Bemis — is years in the making.
The redevelopment commission agreed unanimously to sell the lot, pending an agreement between Bemis and the city that the developer would pay the remaining $49,000 the property is worth if the project is not done in three years. The Bemis Group already owns several surrounding properties, including nearby houses and Newkirk’s Auto Service, which recently closed its doors.