Star Staff Reports
The Millington Industrial Development Board, The City of Millington, Shelby County and GMR Millington Farms, a general partnership subsidiary of Ryan Commercial Properties were on hand this morning for the official groundbreaking event of the Shops at Millington Farms.
The groundbreaking was hosted by the City of Millington and the Millington Area Chamber of Commerce inside of Chili’s located at 8526 Highway 51 North. Food was provided for guest by Dunkin Donuts and Chick Fil A. Lowe’s provided the hard hats and shovels for the groundbreaking of The Shops of Millington Farms – a new 125,000 square foot retail shopping development.
The guest heard Millington Mayor Terry Jones, Chairman of the Shelby County Board of Commissioners Terry Roland and Reginald Milton, Chairman Willie Brooks of the Shelby County Economic Development & Tourism Board, Charles Gulotta, president of Millington’s Industrial Development Board, Nelson Williams, Community Bank president for First Citizens National Bank and developer Gil Ryan of Ryan Commercial Properties.
The Shops of Millington Farms ceremonial groundbreaking took place at it’s future address 8570 Highway 51 North.
The development has been made possible through a proactive plan for economic development involving the Millington Industrial Development Board, The City of Millington, Shelby County and the developer GMR Millington Farms, GP – a subsidiary of Ryan Commercial Properties.
According to an economic impact study by Younger Associates, “the construction of 125,000 square feet of retail property will have a one-time economic impact of more than $36.8 million dollars on the Shelby County economy and will generate about $368,201 ($165,960 in sales tax for the City and $114,895 in sales tax for the county with an additional $87,346 from other local tax revenues…When retail operations are at full projected sales volumes, the annual local sales tax revenue generated is projected to be over $808,143. The retail operations will support a total of 484 direct and indirect jobs. The wages paid to these jobs will generate $928, 726 in new local tax revenues annually.”
There are 8 stores projected in the shopping center like Ross, Rack Room Shoes, Buffalo Wild Wings, Rue 21 and more. Across the street, development on two new eateries is underway with Hardee’s and Zaxby’s.