Friends of Radnor Lake has made the biggest addition to its portfolio in two decades.
According to a filing with the Davidson County Register of Deeds, the nonprofit support group of the popular state park paid $900,000 for 36.8 acres near Lakemont Drive, on the southeastern edge of the park near Franklin Pike.
The sellers are Robert Harris Jr., Gail H. Neely and Annette Cox.
"We had an opportunity to work with a real conservation-minded family who decided to sell to Radnor Lake rather than develop it," said Charley Hankla, president of the Friends of Radnor Lake. "We've been working on it for eight years."
It's the largest single tract picked up by Friends of Radnor Lake since 1990, when the park added plats of 84 and 74 acres. The non-profit formed in 1973.
The acreage is surrounded by a high-end Oak Hill development on Lakemont and Forest Acres drives, and abuts Radnor Lake State Natural Area on the park’s southeast corner. Hankla said the family felt, with the economic downturn, it made more sense to preserve the property than wait for the market of high-end homes to return.
"During a downturn, it’s hard to make a development work, when … there's a glut of big homes. So they thought it might make sense to sell to us rather than develop it," he said.