Gatlinburg Real Estate Blog

Way back in June of 2007 a group of investors led by John Turley purchased 200 acres of prime land at exit 407 of Interstate 40 with a grand plan to create a huge project similar to the very successful Turkey Creek development in West Knoxville. Unfortunately there was a LOT of excavating to turn the large hill into a developable site.  This preparation included the removal of a great deal of rock and by the time the site had been significantly prepared, the great real estate recession was in full swing and the Dumplin Creek project was put on hold.  With anchor tenants not willing to commit to leases, the project languished and eventually the loans were called due. Mr. Turley was sued by the project's lenders and a sale was planned to transfer the property to new owners, the father and son Joe Fielden (Sr. and Jr.) team. Although the sale was announced in March 2013 it does not appear to have closed yet as negotiations for the project have continued. Most recently, the City o...

Way back in June of 2007 a group of investors led by John Turley purchased 200 acres of prime land at exit 407 of Interstate 40 with a grand plan to create a huge project similar to the very successful Turkey Creek development in West Knoxville. Unfortunately there was a LOT of excavating to turn the large hill into a developable site.  This preparation included the removal of a great deal of rock and by the time the site had been significantly prepared, the great real estate recession was in full swing and the Dumplin Creek project was put on hold.  With anchor tenants not willing to commit to leases, the project languished and eventually the loans were called due. Mr. Turley was sued by the project's lenders and a sale was planned to transfer the property to new owners, the father and son Joe Fielden (Sr. and Jr.) team. Although the sale was announced in March 2013 it does not appear to have closed yet as negotiations for the project have continued. Most recently, the...