VOL. 121 | NO. 130 | Tuesday, June 27, 2006
On Shaky Ground?
By Andy Meek
RIVER WALK: Mud Island resident Kira Grinspun enjoys the area's amenities with her children, Savanna, 6, and Cooper, 3, and family dog, Moses. The sought-after residential community is about to get an infusion of more than 45 condominiums under the auspices of the Flagship Condominiums project. -- Photograph By Andy Meek
The development team that's building Flagship Condominiums on Mud Island still is tweaking plans for the project, which will be a continuation of the award-winning Harbor Town community.
But the finish line is getting closer. And once that happens, Flagship will have snatched up some of the last available waterfront on Mud Island, property near the Auction Street bridge that was once thick with trees. Part of the land also was the site of a massive landslide in 2002 and has been at the center of a variety of development schemes over the years.
The main concept for the Flagship project - four buildings with at least 45 units - is well on its way through the approval process. Over the past few weeks, a flurry of changes and amendments have been made to the plan,which the Memphis and Shelby County Land Use Control Board recently approved and which first comes before the Memphis City Council this week.
The condos are going up on 2.65 acres at the southeast corner of Island Drive and Auction Avenue, on a small triangle of property across from the three-story Arbors Apartments complex in Harbor Town. On the other side, Atlanta-based Beazer Homes plans to build 175 townhomes on 19 acres that developer Kevin Hyneman recently sold to the company.
Hyneman also sold about half the Flagship property to a group that includes developer Henry Turley. Current plans for the Flagship project call for touches such as a decorative fountain near Island Drive, a pool and perimeter landscaping.
The project, which will be spread out over several phases, will feature mostly brick units and such amenities as semi-private elevator access.
Flagship Condominiums Planned Development
Where: Southeast corner of Island Drive and Auction Avenue
What: 2.65 acres; at least 45 condo units, possibly four buildings; amenities to include pool and private elevator access
"It should be nice," said attorney Ronald Harkavy, who's representing the developers. "Anything these guys have done out there has been nice, and they've tried to make others do the same."
Foundation of sand
This afternoon, the City Council will set the date for a public hearing on the Flagship development, which was part of 21 acres of woodsy land Hyneman bought for about $2.6 million in 2001.
"Basically, what the (LUCB) already approved is where we're heading," Harkavy said.
The condo units along Island Drive will range from 1,800 to 2,700 square feet. The units along Auction Avenue will range in size from 1,500 to 2,200 square feet.
The sale and transformation of the small Flagship property marks something of a milestone in Hyneman's career. Along with the larger tract Beazer is developing, it brings to a close Hyneman's involvement in development on Mud Island, where he's built close to 1,000 homes.
One of the most talked about episodes involving Hyneman during that time was the 2002 landslide, which took out a large swath of riverbank.
The landslide was the result of piling excavated dirt on the property that had been brought over from the FedExForum building site, the weight of which ultimately put too much strain on the harbor bank. The landslide occurred on the northeast side of Hyneman's 21-acre property, including a small portion of the Flagship site.
It happened days before a sale of the property was scheduled to go forward with a group that included the Riverfront Development Corp. and developers Turley and Jack Belz.
Since then, the entire site has been the subject of various real estate proposals. Don Jones, a city-county planner, said plans for the Flagship development are still in flux.
"They were approved by the LUCB for 45 condo units, but they want to bring that back up to about 52," he said. "They would also like to have one of the buildings permitted up to five stories."
When it's finished, Flagship Condominiums will enhance an already much-sought-after lifestyle on Mud Island.
Today, residents like Dianne Champlin put a premium on the amenities to be found there, where homes are set among well-manicured communities, pedestrian walkways and neighborhood businesses like Miss Cordelia's, a small grocery store with an eat-in deli.
"We love the outside," said her husband, Brad, of the couple's Harbor Town home, "Blithe Spirit." "This is where we have breakfast in the morning. Dianne and I will sit down here with a cup of coffee and a newspaper."
Gesturing toward the panoramic river view, he said: "Isn't that fabulous?"
Among the other recent additions to Mud Island, there's Harbor of Health, a new wellness clinic Dianne said she's eager to try out once she and her husband move to their riverfront home full-time. The 4,500-square-foot home includes features such as a private elevator and handicap accessibility, meaning doorways, for example, are tall and wide.
Dianne also is happily anticipating the Fourth of July, which she and her husband will celebrate with a few friends at their riverfront home.
"This will actually be our second Fourth of July here," she said. She recalled the celebration last year, when families packed the riverfront for picnics, strolled along the water and children played with festive holiday sparklers.
Construction work, meanwhile, remains a constant feature of the quiet life enjoyed on Mud Island by people like the Champlins. Public artwork, for example, soon will be added to a newly built traffic roundabout on Mud Island.
"And I think you should see something happening in the very near future to the south of (the Flagship) site, also," Harkavy said.