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VOL. 133 | NO. 32 | Tuesday, February 13, 2018

Residential Infill Projects Span the City

By Patrick Lantrip

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Residential infill is the primary theme of the Land Use Control Board’s March 3 agenda, as multiple developers are look to add dozens of new units from South Main to East Memphis.

The largest of the bunch is Philip Woodard’s application for a 30-lot subdivision in the South Main Historic Arts District.

According to Woodard’s application, an existing warehouse that sits on the northwest corner of Front and Butler streets would be demolished to make way for Butler + Front Townhomes.

The 65,000-square-foot, Class D warehouse on the corner of Butler Avenue and Front Street was built in 1925 and is appraised for $343,300, according to the Shelby County Assessor’s website.

Though some of the lots will have direct access off Wagner Place, most will have access off of an internal private drive, according to the plans. The average lot size in the subdivision will be roughly 1,100-square-feet.

“We believe that the site plan generally conforms to the regulations for the South Main District and that this development will be a positive contribution to the housing market in this area of Downtown Memphis,” consultant Cindy Reaves said in a letter of intent to city planners.

The LUCB also will consider the application of developers Raymond Sharkus and Petrauskas Capital LLC. They are looking to fill in a vacant lot near Overton Square with a four-lot subdivision.

“We believe our proposal will be a desired addition to Jefferson Avenue and the Overton Square district by adding a beautiful design element and more housing opportunity for members of our community,” Laurynas Petrauskas said in a letter of intent.

The four townhomes would have a minimum lot area of 1,307 square feet, fit into a 0.16-acre parcel near the intersection of Jefferson Avenue and Cooper Street, according to the application.

The design team also consists of Brett Ragsdale of brg3s architects and Charles Campbell of Campbell Surveying.

To the east, City Construction & Development is looking to construct an 11-lot subdivision at the southeast corner of North Perkins Road and Princeton Road in East Memphis.

A vacant church located at 458 Perkins Road that sits on a 2.5-acre lot would have to be demolished as part of the plan.

According to the submitted plans, the 11-lot, gated community known as the Princeton Greenline PD would be accessed via a private drive on North Perkins. Each lot would have a minimum size of 7,300 square feet.

Also in East Memphis, Mark Matthews of Park Place PD LLC is looking to develop a 10-lot subdivision on the south side of Park Avenue between East Irving and West Crestwood drives.

“There are many redevelopments of old residential properties in this vicinity and along Park Avenue that have been approved the past,” a letter of intent read in part. “Like those previously approved, this development will serve as a good transition and will help to provide a better buffer between Park Avenue and the larger existing residential lots south of Park Avenue Planned Development.”

The development team also consists of engineer and developer Mark Davis, architect Stuart Povall, landscape architect Mark Levy, and land surveyor Byron Harris of Harris and Associates Land Surveyors.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 74 17,458
MORTGAGES 93 93 20,128
FORECLOSURE NOTICES 0 0 2,645
BUILDING PERMITS 0 0 35,946
BANKRUPTCIES 57 57 11,221
BUSINESS LICENSES 32 32 5,741
UTILITY CONNECTIONS 0 0 6,715
MARRIAGE LICENSES 51 51 3,967