Sneak Peek at Thornwood

IMG_6776.jpgThe Thornwood open house offered a glimpse into the sense of community that a mixed use development can generate. Food trucks and live music added to the festive atmosphere as curious residents and potential tenants toured the model units open to the community.

IMG_6762.jpgThere were four apartments open for viewing in the “Residence” building. The model floor plans included two each of their one bedroom and two bedroom units. The building is still very much under construction and scheduled to be completed in March from what one volunteer told me. While the demo units had flooring installed, the main hallways were still under construction and likely will not have their final touches until all the units are complete.

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The finishes were high end with solid surface counters, stainless steel appliances and walk in showers. Each unit had an open floor plan with clear views between the kitchen and living areas. All of the units featured laundry, the larger units had full size washer and dryers. One of the two bedroom units features a “sun room”, a great place for avid readers to relax with some natural light.

The units in the “Market Row Lofts” were larger and had higher end finishes. These units were not quite finished, lacking counter tops and sinks but you could tell the cabinets and fixtures in place were even higher than those of the “Residence.” The large windows brought in lots of natural light. My wife and I were amazed at how quiet the units were given the traffic right outside the windows. There were two units open for inspection. These units are directly above the retail space on Neshoba and Germantown Road.

IMG_6773.jpgThe “Loft” units included two bedrooms and laundry rooms. One had an office space off the entry. Both featured large closets and good storage space.

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It will be nice to see when these units are complete with all their finishes. We met a couple touring the facility that plans to move into the residence in March. They have a unit reserved on the 4th floor which should offer great views of the area.  They will have the convenience of this prime location. They are walking distance to GPAC (and the new Grove), GAC and all the great programming that goes on in Municipal Park.  This retired couple is looking forward to the convenience offered by the combination of uses and location of Thornwood.

WheIMG_6778.jpgn you are in the middle of this development you don’t feel like A major high way is on the other side of the buildings. This is an exciting addition to our community.  I hope we see some good programming that makes use of the green space in the middle of this area. While it is not huge (.34 acres), it is a great spot for some more intimate performances.

The added benefit to our community comes in the form of tax dollars. This commercial real estate is tax at a 40% assessment vs. the 25% assessment on residential. All totaled the estimated revenues from this 12 acres of land (or 0.002% of the total area of Germantown) are projected at $1.5m annually. For perspective, that’s enough to service the debt on our new school every year, buy a new fire truck or pave 3-4 miles of roads.

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Author: Brian Ueleke

Husband, Father and Germantown resident. Offering experienced perspective with a Finance degree, MBA and 15 years of Corporate Finance experience in budgeting, operational and capital project analysis.

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