The marquee development reshaping Maury County is the Ultium Cells battery-cell plant in the Maury County portion of Spring Hill. It is a General Motors and LG Energy Solution joint venture with roughly $2.6 billion in committed investment, a 2.8-million-square-foot facility and a workforce of around 1,700, and it now also makes lithium-iron-phosphate batteries for energy storage. In Columbia proper, The Drake is the largest current project in the city center. It is a six-story, 293-unit luxury apartment building one block off the historic downtown square.
MARQUEE PROJECT: Ultium Cells (Spring Hill, Maury County). The single biggest development reshaping the county is the Ultium Cells LLC battery-cell manufacturing plant, a GM and LG Energy Solution joint venture. It was announced in April 2021 as a $2.3 billion investment, then expanded in December 2022 with an additional $275 million commitment, bringing committed investment to roughly $2.6 billion. The plant is a 2.8-million-square-foot facility, and its workforce is expected to reach roughly 1,700.
The Ultium plant sits in Spring Hill, which straddles the Maury-Williamson county line. This facility is in the Maury County portion, next to GM's Spring Hill Manufacturing assembly plant. It is among the county's largest single capital investments, though it is north of Columbia proper, not in the city itself.
2026 STATUS: strategic pivot, now in production. Slowing EV demand led to a furlough of about 700 workers in January 2026. In March 2026, Ultium announced a roughly $70 million retooling to produce lithium-iron-phosphate (LFP) batteries for energy-storage systems serving grid-scale and AI-data-center demand, with the furloughed employees being retrained to support the new product line. In July 2026, Ultium confirmed that LFP energy-storage battery production had begun at Spring Hill and that the conversion took less than five months. The batteries are supplied through LG Energy Solution Vertech, LG Energy Solution's North American energy-storage systems subsidiary.
MARQUEE DOWNTOWN-COLUMBIA PROJECT: The Drake (The Drake on the Square). Within Columbia proper, the largest current project is The Drake, a six-story, 293-unit luxury apartment building with ground-floor retail. It sits on a 2.78-acre site at Woodland Street and East 7th Street (714 Woodland Street), one block east of the historic public square. The developer is Franklin-based Bristol Development Group. The project broke ground in 2024 with an early-2026 completion target. As of October 2026, the developer's own sites still list it as 'Coming 2026,' with studio, one-, two- and three-bedroom floor plans. It has been reported as the downtown core's first upscale multifamily development. Available sourcing does not confirm a specific dollar investment.
OTHER NOTABLE PROJECTS (context). Maury Regional Medical Center is undertaking a major expansion and renovation. The former Columbia Mall area is being redeveloped. The city is also investing in infrastructure, including a new wastewater treatment plant. Dollar figures and timelines for these secondary projects vary by source and are not fully confirmed here.
BOTTOM LINE. Measured by capital and economic impact, the Ultium Cells battery plant (about $2.6B and about 1,700 jobs) is the marquee regional development, with the caveat that it sits in the Maury County part of Spring Hill, not Columbia city. For Columbia's own downtown core, The Drake (293 units) is the headline project, and the developer lists it as coming in 2026.
- Marquee project (county)
- Ultium Cells battery-cell plant (GM + LG Energy Solution JV)
- Ultium location
- Spring Hill, in the Maury County portion, next to GM's Spring Hill assembly plant
- Ultium investment
- ~$2.3B (2021) + $275M expansion (2022), about $2.6B committed
- Ultium size / jobs
- 2.8 million sq ft; workforce ~1,700
- Ultium 2026 status
- $70M retool to LFP energy-storage batteries announced March 2026; LFP production under way by July 2026
- Marquee downtown-Columbia project
- The Drake on the Square: 6-story, 293-unit luxury apartments + ground-floor retail
- The Drake developer / site
- Bristol Development Group; 2.78 acres at 714 Woodland St (Woodland & East 7th), one block off the square
- The Drake timeline
- Broke ground 2024; early-2026 completion target; developer lists it as 'Coming 2026' (as of Oct 2026)