NASHVILLE (AP) — A Nashville developer is planning to build a more than $1 billion mixed-use development near the scenic Natchez Trace Parkway.

The Tennessean (http://tnne.ws/1oKP2cw) reports the community, dubbed Stephens Valley, is expected to include up to 1,400 custom homes.

Developer John Rochford plans to complete the purchase of the first 150 acres from the Stephens family within the next 18 months. He's seeking input from planning officials in Davidson and Williamson counties and other area stakeholders to guide development of a master plan for the property.

Under Rochford's plans, 450 acres would be open space, with seven miles of trails through the hills connected to the Natchez Trace Parkway for community use.

Rochford believes the development will help address the need for more residential lots to meet increased demand for residences as Nashville grows.