Companies investing in Multifamily Properties in Midtown Memphis

Companies investing in Multifamily Properties in Midtown Memphis

Overton Square has long been a social and cultural hub of Memphis, TN. Over the years it has been a central location for restaurants, shopping, music and social gatherings, and over the past decade the square has seen injected with new life and is now fairly bursting at the seams with activity.
Now investors are wanting to inject this same livelyhood into the surrounding residential areas by developing newer and more modern multifamily properties in the area.
PMT Investments
The 11,000-square-foot development would consist of a mix of 16 live/work, one-bedroom and studio units, ranging in size from 540 to 850 square feet.
In its application, PMT said the following:
Appropriate to the neighborhood’s character and the infill site, the apartments will be at a scale perfect for its location — boutique in scale and an excellent buffer between the residential homes and apartments nearby and the commercial developments along Union Avenue.
The floor plans will feature flexible open space with many windows and tall ceilings. The four ground-level live/work apartments will be specially configured for flexibility to allow people to live and work in the same physical space for uses such as an office, studio or gallery.
This project will remove a neighborhood void of vacant land and replace it with an attractive building featuring bike and vehicle parking, public art and designer interiors and common areas.  
Taylor Caruthers
This Midtown recently purchased the property a 2045 Madison Ave. (currently the home of Affordable Van & Truck Rentals near Overton Square).
Caruthers' mixed-use development would hold about 24 apartments above ground-floor retail space, though the details are still in the works.
Last year, Caruthers purchased the abandoned building on the corner of Linden Avenue and Cooper Street. He recently demolished it, and he's planning to replace it with a mixed-use building similar to the Madison property.
Midtown has always been the heart of Memphis, and it seems that as Memphis grows so does intrest and excitement in the areas that make Memphis...Memphis


Memphis Investment Properties

Address: 4701 Summer Ave
Memphis, TN 38122

Telephone: 901-244-5820

Fax: 901-842-0803