The Lebanon Outlet Marketplace mall overhaul should begin next year with a townhome community and a separate three-story building that combines residential and commercial space — part of the first phase.

An estimated 85-87 townhomes will be for sale, constructed on just over 10 acres at the southeast portion of the mall property, off Interstate 40 at U.S. 231 in Lebanon. That portion of the property is vacant land and a portion of the mall parking lot.

One Lebanon Place is the working name of the project.

A “Live/Work” mixed-use building will be designed for multiple retail spaces on the bottom floor totaling around 7,200 square feet with six residential units on both the second and third floors, said Socrates Panageas with Land Use Solutions. The redevelopment is a joint project for Land Solutions and Regent Homes.

Lebanon Ventures earlier this year purchased the mall property. Six phases are planned with additional residential to be determined. Commercial uses will include shopping, restaurants and office. The phases are:

Phase 1 is expected to be finished in late 2024. Subsequent phases of the redevelopment are expected to start before Phase 1 is finished, Panageas said.

Ownership hasn’t finalized the amount of additional residential construction it will seek approval for, Estes said, adding that there are discussions with potential commercial tenants.

“We know of several retail stores with interest,” Lebanon Mayor Rick Bell said. “We’re trying to help the developer make those connections.”

The first phase isn’t expected to impact buildings and tenants, Land Solutions CEO Kevin Estes said. Some existing tenants will be phased out over the next 1-2 years, according to lease structure, and portions of the mall will be demolished as additional phases are completed.

In 2024 “I don’t expect the mall to be in operation” as it currently operates, Estes said.

Full buildout is anticipated to span 4-5 years.

Habitat for Humanity’s Wilson County division has purchased building space within the mall to relocate its ReStore retail operation and office.

The Wilson Habitat ReStore opened in 2003 at 606 East Main Street in Lebanon, but closed in 2020 with the COVID-19 pandemic. The decision was made then to relocate the store to a more accessible location that included more retail space and parking, said Sherry Stinson, a spokesperson for Habitat for Humanity of Greater Nashville.

The new Wilson County division ReStore is expected to open by late 2023 with nearly 30,000 square feet of retail space, Stinson said.

Habitat ReStores sell new and used building materials, office and home furnishings to support Habitat’s mission to provide hardworking individuals and families the opportunity for those who qualify to purchase a home with an interest free mortgage. Habitat’s homeownership program includes 100 hours of classroom instruction, 70 hours working on the build site alongside sponsors and volunteers, and 30 hours volunteering at Habitat’s ReStore.

Wilson County residents who want to make donations can take them to the Nashville ReStore at 414 Harding Place.

For a list of items that can be donated, visit https://www.habitatnashville.org/restore_donate.

Reach Andy Humbles at ahumbles@tennessean.com or 615-726-5939 and on Twitter @ AndyHumbles.