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Tower Investments offers land for new Pine Island Elementary School


Tower Investments, LLC offered to donate 38 acres of land to the Pine Island Public Schools for a building site for a new PreK-4 school. The donation is contingent on residents of the district passing
By Alice Duschanek-Myers-Zumbrota News-Record
December 11, 2013

PINE ISLAND – On December 6, Pine Island School Board chairman Jeff Leland announced that Tower Investments, LLC will donate 38 acres of land to the school to build a new PreK-4 school. The land donation is contingent on the residents of the district passing the referendum to construct the building.

Leland read a letter confirming the donation that was written to Superintendent Tammy Berg-Beniak by Tower’s Senior Vice President John W. Pierce. The letter read, “Tower Investments is proud to be part of the growth of the City of Pine Island. We believe excellent public education is a critical component of a city’s growth. Pine Island Public Schools have provided the excellence in public education in the past but we have seen that they are in need of additional facilities to continue this level of high quality education.


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Tower Investments wins eminent domain dispute with MDHA over Music City Center land

By Nate Rau-The Tennessean
October 17, 2013

A bitterly contentious four-year legal dispute about the fair value of land Metro took to build the new convention center came to a close Wednesday when the Tennessee Supreme Court denied the city’s request to appeal, giving a decisive victory to development firm Tower Investments.

Metro used eminent domain to take land south of Broadway it needed to build Music City Center, and then paid owners what it contended was fair market value for their property. Only a handful of property owners contested the value of their land, led by Tower, which hired an all-star team of attorneys to represent its case. The Metro Development and Housing Agency handled the condemnation cases for the project.


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Tower Investments Buys Office Complex in Fair Oaks, CA

By Press Release
August 28, 2013

Tower Investments is pleased to announce the purchase of a 15,275 square foot, multi-building office complex located at 8146 Greenback Lane, Fair Oaks, California.  Comprised of three multi-tenant office buildings (two single-story and one double-story), the complex was 40% leased at the time of purchase.  Towers intends to condo the property and sell individual buildings to investors or users.  


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Small town life, big conveniences

By Bill Lewis - The Tennessean
June 20, 2013

Since August, 45 families have purchased or placed contracts to buy customized homes in the neighborhood, according to Tower Investments LLC, the company developing the neighborhood. Ryan Homes, a national company, is building all of the homes in Stream Valley.

Located near Lewisburg Pike and the Goose Creek Bypass, Stream Valley is part of a wave of development along Interstate 65 near State Route 840. The community is less than a mile from Berry Farms, a mixed-used development that eventually will include several hundred single-family homes, townhomes and apartments, as well as several million square feet of office and retail space.

Nearby, Thompson’s Station is also growing. mars. Petcare is building an $87.9 million innovations center, and Shelter Insurance is investing up to $5 million to build a 30,000-square-foot headquarters inside Tollgate Village, a 330-acre mixed-use community being developed by Dock Street Communities. It may eventually have up to 550 homes.


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Stonyford Ranch hosts Field of Dreams annual Kid’s Fishing Day


By Press Release
May 20, 2013

The Marks family was proud to once again host the Field of Dreams annual Kid’s Fishing Day at the Stonyford Ranch, in Stonyford, California.  Fourteen families and a total of 34 children were in attendance. 

The kids and their families had the chance to catch fish either from a pier or from a boat.  The boats were a big hit with the kids and were 100% occupied throughout the day.  A lunch was hosted back at the Ranch headquarters where the kids also had the chance to meet a Cal Fire crew and had the opportunity to spray water from the fire engine’s hose, turn on the lights and sound the siren.

For more information please visit the Field of Dreams website.


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Tower Investments buys Auburn Bluffs Estate subdivision, Auburn, CA

By Press Release
May 3, 2013

Tower Investments is pleased to announce the purchase of the Auburn Bluffs Estates subdivision in Auburn, CA.  The project is currently approved with a final map for 46 townhome lots.  Tower intends to continue processing a tentative map for 29 single family dwelling lots for the property to offer greater flexibility to prospective buyers.  Located a short distance from historic downtown Auburn, this commercially-finished “in-fill” project offers premium views of the American River Canyon and distant views of Folsom Lake.


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Work starts on 345-acre Stream Valley community in Franklin

By Nevin Batiwalla - Nashville Business Journal
June 20, 2012

Residential development is underway on Stream Valley, a massive mixed-use project in southern Williamson County.

In April, Tower Investments LLC and Tennessee Contractors Inc. paid $5.8 million for the 345-acre planned community near the intersection of Goose Creek Bypass and Lewisburg Pike in Franklin.

The land is zoned for 824 single-family homes, 240 condos/apartments, 290,000 square feet of office space and 10,000 square feet of retail. The planned community is located near Boyle Investment Company's mixed-use Berry Farms development.


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Sale of Iowa Distribution Center

By Press Release
January 11, 2012

Tower Investments has sold its Fairfield, Iowa Distribution Center. The sale consisted of 210,000 square feet of distribution warehouse space and 25 acres of adjoining land. Tower owned the property for 6 years and had leased the Distribution Center to Books Are Fun, a Division of Readers Digest.

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Tower gets victory in convention center case

By Nate Rau - The Tennessean
December 3, 2011

Project budget at risk as judge agrees Metro underpaid for land
 
The budget for the new convention center was dealt another blow Friday when a Nashville judge affirmed an earlier jury ruling that said Metro did not pay a fair price for a critical piece of land for the project.

The Metro Development and Housing Agency, which was in charge of acquiring land for the Music City Center, hoped Circuit Court Judge Joe Binkley would reduce a critical July jury verdict in the contentious eminent domain case against development firm Tower Investments. Instead, Binkley agreed with the jury's verdict that MDHA undervalued the land, which the city condemned and took from Tower to construct the new convention center south of Broadway.

Binkley rejected motions filed by MDHA seeking a new trial or to have the $30.4 million jury verdict reduced.

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Tower Investments and Carrell Family sell 4 parcels for $180/square foot in downtown Nashville (site of new Music City Omni Hotel) for $31.7 million

By Press Release
July 11, 2011

Date
Sq. Ft.
Price/Sq. Ft.
Seller
Buyer
05/18/2011
27,704
$180.14
Tower
TN Dept. of Transportation
12/23/2010
4,529
$179.68
Tower
Omni Hotels
11/18/2010
41,622
$181.57
Carrell Family
Omni Hotels
11/04/2010
102,070
$179.68
Tower
Omni Hotels
 
Average
$180.27
 
 

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