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VOL. 113 | NO. 145 | Friday, July 30, 1999

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By LAURIE JOHNSON Development begins on Fleming Gardens in Collierville By LAURIE JOHNSON The Daily News Land development is underway on Fleming Gardens, a residential subdivision planned for what may one day be the "new heart of Collierville." The subdivision, located on a 100-acre tract at Fleming and Collierville roads, will be divided into 254 lots, the majority of which will be smaller and less expensive than others in the area, said local builder/developer Ron Sklar, one of the projects developers. Most of the lots in Fleming Gardens will measure 10,000 to 12,000 square feet and cost about $50,000. The majority of the lots in the area, south of Poplar Avenue near the new Federal Express Technology Center, are somewhat larger and are priced at $70,000 and up, said Sklar, who is developing the project as a joint venture with Loeb Properties. "For a non-zero-lot-line or townhouse development on the south side of Poplar, I feel like we will probably be better priced," he said. Fleming Road is in a part of Collierville designed as its "estate area," where larger lot sizes are the norm. Fleming Gardens will give home owners wishing to live in this part of town, but who dont necessarily want an estate-sized lot, the opportunity to purchase a home in the estate area. "The lots that were going to have along Fleming Road will be estate sized, and the smaller lots that make up the majority of the subdivision will be behind those," Sklar said. Home construction in Fleming Gardens is expected to start in the spring. Lots in the subdivision will be sold to builders, and homes in the development probably will be priced at about $240,000 and up, Sklar said. The Fleming Gardens partnership financed $2.7 million for development of the subdivision through Nashoba Bank, according to a trust deed filed July 21 in the Shelby County Registers Office. The site was purchased about two weeks ago from local attorney John Porter, who owns a significant amount of land in the Collierville area. Sklar said the site was chosen for its proximity to major business and medical centers and the new Nonconnah expressway. "Its about two minutes from the Nonconnah interchange, and about four or five minutes from the FedEx technical center, Baptist Hospital and the new Central Church site," he said. "It just couldnt be more conveniently located. For people who work in the East Memphis, Germantown and airport areas, being able to get on the Nonconnah Boulevard and travel is an enormous advantage.It will give people great accessiblity." Because of the new expressway and incoming businesses, this area is rapidly developing into the new "heart of Collierville," he said. Local landscape architecture firm Dalhouf, Thomas & Daws completed the layout for the subdivision, which has been designed to make the most of the property sites existing landscape. "We have a particularly attractive, well-thought-out layout that takes advantage of the beautiful rolling topography of the land that we have," Sklar said. "Its much nicer than the same old grid pattern that you usually see in a subdivision." In addition to Fleming Gardens, the Sklar/Loeb partnership is involved in the development of the Wolf River Professional Center, a 15-lot office park in Germantown. The property sites location, on the north side of Wolf River Parkway just west of Germantown Parkway near Campbell Clinic and the new University of Tennessee Medical Group headquarters, makes it ideal for medical tenants, Sklar said. "Almost all the users weve been dealing with have been medical," Sklar said. "So, I think this will end up being a very nice medical center. It is absolutely the premium office medical location in the county."
PROPERTY SALES 71 233 2,852
MORTGAGES 74 171 1,954
BUILDING PERMITS 125 894 6,595
BANKRUPTCIES 34 206 1,183