Cortland pays $31.4M ($4.4M/acre | $101psf) for The Middle Eight development site near Factory at Franklin

10/26/2026

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Nashville Business Journal

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• Subcategory: Land: Housing

• Tag: Sale

• Additional Filters-Subcategory: Land: Multifamily

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Highlights
Cortland purchased a 7.19-acre Franklin site for $31.4 million.
A group including Christian singer TobyMac previously planned a residential development on the property.
TobyMac's development received final approval in 2023 after community pushback.