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VOL. 131 | NO. 128 | Tuesday, June 28, 2016

Patterson Flats Developer Files $14.6 Million Permit

By Madeline Faber

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A multifamily development in Downtown’s South End is moving forward.

Elmington Capital Group, doing business as ECG Patterson Development LLC, recently filed a $14.6 million building permit to construct Patterson Flats, a 175-unit apartment complex at 250 E. G.E. Patterson Ave. The permit includes demolishing an existing building; new grading; new utilities; the addition of a parking lot; and construction of four buildings, including a leasing and fitness room.

In February, the Nashville-based developer gained approval from the Memphis-Shelby County Office of Planning and Development for the project.

According to its February application with the Board of Adjustment, Elmington Capital plans to build four three-story buildings totaling 206,845 square feet. On-site parking includes 125 units between the buildings and 35 spaces on the north side of Butler in a separate lot.

Local firm Shapiro & Co. Architects Inc. and engineering, architecture and consulting firm Fisher Arnold Inc. also are working on the development.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 23 23 1,365
MORTGAGES 21 21 1,068
FORECLOSURE NOTICES 0 0 190
BUILDING PERMITS 117 117 3,173
BANKRUPTCIES 42 42 795
BUSINESS LICENSES 2 2 331
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0