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$165 million mixed-use development, The Margin District, is set to break ground in Franklin early next year. The project will feature 25 luxury condos priced over $2 million, along with 50,000 square feet of retail and office space. Sales for the residences are being managed by Fridrich & Clark Realty, which expects the first units to be delivered in 2027.

    The development is a partnership between NAI Global's Middle Tennessee member and Arlington Family Offices, a wealth management firm with locations in Franklin and Birmingham. Studio 8 Design is leading the architectural efforts, with Nequette Architecture and Design contributing. The project received a zoning variance to build up to three-and-a-half stories.

    Franklin has seen significant commercial activity this year, including TruGreen's relocation of its C-suite to the Highwoods Properties building at 701 Cool Springs Boulevard. Meanwhile, KBS is planning to sell the McEwan Building as part of efforts to raise $100 million for its struggling office portfolio. Franklin's median home sale price was $865,000 in October, an 8.5% increase from last year, compared to Nashville's median home price of $460,000.