CLARKSVILLE, Tenn. (CLARKSVILLENOW) – The site of the former Vulcan Corporation has found a buyer. Charles Hand and his family will be purchasing the site for redevelopment.
Hand is purchasing the site in partnership with Nashville-based real estate developer, BNA Associates LLC., the same company cooperating with the Hand Family on a $50 million mixed-use development of the four-acre site across from the planned Montgomery County Multi-Purpose Event Center (MPEC).
While the price of the sale remains confidential, Hand hopes to close on the 31-acre property before the end of September. Plans for the site include mixed-use apartments and retail locations.
Bringing new life to Red River
The Vulcan site has sat empty for quite some time. The factory closed November of 2018 after 80 years in business. In 2019, the buildings were demolished to make way for new development.
Hand, whose mother once worked at the factory, said that he hopes his family’s purchase will bring new life to the area.
“I’ve been there all my life and my mother used to work there as a matter of fact during the war,” said Hand. “That section of the city just needs a little kick to get back in action. I talked to family members and, we decided we would buy it, help get things moving along.”
Frosty Morn
The news of the sales comes shortly after the city of Clarksville began demolition on the Frosty Morn slaughterhouse, which will become home to a new Red River Community Center.
The city began work on the site in August, pulling down the iconic Frosty Morn smokestack. According to city officials, demolition is scheduled for completions by Dec. 31, 2020.
“At long last, the Frosty Morn site is being cleaned up, made safe and prepared for redevelopment,” Mayor Joe Pitts said. “We continue to work on designing a new future for the property, as a Red River community center that would be a hub for local organizations and artisans, and perhaps a year-round farmers market. These kinds of uses will create economic activity, provide a boost for small businesses, and be a complement to the nearby Vulcan property, which is also primed for private redevelopment.”
