Lebanon's former outlet mall is being redeveloped into a mixed-use, walkable district, while a wave of large warehouses rises along Highway 109.
The largest redevelopment reshaping Lebanon is One Lebanon Place, a mixed-use community replacing the former Lebanon Premium Outlets at 1 Outlet Village Blvd. Land Solutions purchased the roughly 40-acre site for $9.2 million in 2022, and the project is being developed by Freehill Ventures with homebuilders Lennar and Regent Homes. Lennar is now selling townhomes at the site, with some units ready to move; ask us for the builder's current price sheet.
The Lebanon Planning Commission approved a first-phase site plan for 84 residential units on about 10 acres of the property, with the existing mall buildings allowed to remain in place initially. The developer's published plan calls for a larger, multi-phase build-out that mixes townhomes, courtyard townhomes, live/work and mixed-use buildings, garden-style apartments and commercial space; Freehill Ventures has described a full build-out spanning roughly five to seven years. (The developer's marketing materials and the city's approval documents cite different unit counts and phase structures, so totals beyond the approved first phase should be treated as planning estimates.)
Running parallel to this is a surge of industrial and distribution development along State Route 109. In 2024 the Lebanon City Council approved the Lebanon Commerce Center, two warehouses totaling about 584,000 square feet (roughly 318,000 and 266,000 sq ft) on about 40 acres at 7195 and 6991 Franklin Road, developed by Al Neyer; Councilor Crowell cast the lone dissenting vote, and the plan included road widening at the Highway 109/Franklin Road intersection. The Lebanon Planning Commission separately approved a Merus warehouse project of nearly 550,000 square feet (three buildings) on about 56 acres between Highway 109 and Franklin Road north of Central Pike; that project, known as Highway 109 Industrial (marketed as Highway 109 Business Park), has been built out as three multi-tenant buildings, completed, and sold to Granite REIT. The city has also weighed paying about $1.2 million toward a roughly $2.1 million road project tied to a planned Walmart on Highway 109.
This building activity tracks Lebanon's rapid growth. The U.S. Census Bureau ranked Lebanon the 12th fastest-growing city in the country, with the city growing 8.9% between July 1, 2022, and July 1, 2023. Wilson County added 4,693 residents between July 2024 and July 2025, ranking third statewide for numeric growth. For relocating buyers, One Lebanon Place is one of the few new walkable, mixed-use options taking shape in Wilson County, while the Highway 109 corridor concentrates logistics, manufacturing and distribution employment near I-40.
- Flagship project
- One Lebanon Place (redevelopment of former Lebanon Premium Outlets, 1 Outlet Village Blvd)
- Developer / builders
- Freehill Ventures; homebuilders Lennar and Regent Homes; Lennar now selling townhomes, some ready to move
- Site size / acquisition
- ~40 acres; Land Solutions bought it for $9.2M in 2022
- Approved first phase
- 84 residential units on ~10 acres; larger multi-phase build-out planned (5-7 years per developer)
- Hwy 109 industrial
- Al Neyer's Lebanon Commerce Center: ~584,000 sq ft (two warehouses) on ~40 acres, approved 2024; Merus's Highway 109 Industrial (three multi-tenant buildings, ~56 acres) is now complete and sold to Granite REIT
- Growth context
- U.S. Census Bureau: Lebanon ranked 12th fastest-growing U.S. city (8.9%, July 2022-July 2023); Wilson County added 4,693 residents in 2024-25, 3rd statewide