VOL. 129 | NO. 233 | Monday, December 1, 2014
Highland Row Developer Acquires 13 Acres
By Amos Maki
Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.
Milhaus Ventures' mixed-use Highland Row development will include 354 apartments, 35 townhomes, a parking garage and 26,000 square feet of retail space.
Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.
The addresses listed on the warranty deed did not match addresses on the Shelby County Assessor of Property site. The tax parcel numbers listed on the deed returned addresses of 0 Ellsworth and 0 S. Highland. The 0 S. Highland address contains 10 acres and the assessor’s 2014 appraisal is $2.4 million. The assessor’s 2014 appraisal of the 0 Ellsworth address is $210,300.
The mixed-use Highland Row development will include 354 apartments, 35 townhomes, a parking garage and 26,000 square feet of retail space. Memphis-based Poag Shopping Centers, then operating as Poag & McEwen Lifestyle Centers, originally planned to develop Highland Row, but those plans were shelved following the recession.
Worthington Hyde acquired the four addresses listed on the warranty deed, a total of 13 acres, from Poag & McEwen Lifestyle Centers in 2011 for $2.6 million.