Lebanon's former outlet mall is being redeveloped into a mixed-use, walkable district, while large warehouses and new big-box retail rise near Highway 109 and I-40.
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 selling townhomes at the site in its Avenue and Row collections, with homes both under construction and move-in ready; 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, distribution and retail development along State Route 109 and near I-40. 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; 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. On the retail side, construction is underway on a Walmart store and fuel station at the northeast corner of SR 109 and Wilson Farms Boulevard, just south of I-40; planners have since approved about 23,400 square feet of added under-roof space, Walmart has not announced an opening date, and the city has weighed paying about $1.2 million toward a roughly $2.1 million road project tied to the store. North of I-40, a 168,000-square-foot Sam's Club at 600 Willard Hagan Drive opened its fuel station in January 2026 and scheduled its grand opening and ribbon cutting for July 30, 2026, and Target has bought land along South Hartmann Drive for a planned store, with no dates announced.
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, along with new everyday retail, 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 selling Avenue and Row collection townhomes, some move-in ready
- 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
- Big-box retail
- Sam's Club (600 Willard Hagan Dr, 168,000 sq ft + fuel): fuel station opened Jan 2026, grand opening scheduled July 30, 2026; Walmart at SR 109/Wilson Farms Blvd under construction, no opening date announced; Target bought land on South Hartmann Dr, no dates announced
- 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