Monday, January 28, 2008
Barbara Mandrell's Former Home Becoming A Subdivision
A California-based real estate investment and development company has purchased a majority interest in Fontanel, Barbara Mandrell's former estate near Nashville. The property, which includes a 27,000-square-foot log home, was used extensively during the production of the new CMT reality series, Gone Country, hosted by John Rich of Big & Rich. Tower Investments LLC will become partners with Dale Morris and Marc Oswald, who co-manage Big & Rich and Gretchen Wilson, to develop a subdivision on the 136-acres. Morris and Oswald purchased the property for $2.1 million during an auction in 2002. Financial details were not divulged about the new partnership, but the log home is expected to be sold separately from the remainder of the property which will become an upscale subdivision.