www.elmingtoncapital.com
Contractor: Patton & Taylor Enterprises LLC
http://www.pattontaylor.co
Landscape Architect:
Kersey/Wike Associates, P.C.
http://www.kerseywike.com
As a result of Shapiro & Company and our Consultants WH Porter http://www.whporter.com/ being proactive during the Predesign Phase with the Office of Planning & Development, Construction Code Enforcement and other regulatory agencies, permitting and approvals proceeded very smoothly allowing construction to start late last month on Crescent Bluff Apartments. This 72 unit project on 4 acres in downtown Memphis consists of 36 two bedroom units and 36 three bedroom units, Leasing / Clubhouse facility and urban pocket park. The units will range from 1,150 to 1,350 square feet.
The project focuses on affordable market housing and uses a variety of local and federal incentives. The development team is using a Payment In Lieu Of Taxes, PILOT, through the Health, Education and Housing Facility Board of the City of Memphis. Elmington Capital is also using a low income housing tax credit, a federal program made available through the Tennessee Housing Development Authority.
As shown in the attached photographs, the excavation contractor has been busy preparing the site. Even with a great deal of exploratory work, research, geotechnical surveys and environmental analysis, as anticipated with an older downtown urban site, the contractor encountered a few buried basement structures but no environmental issues were uncovered. Underground utilities and building pads will soon be placed and developed.
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