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Memphis New Construction & Proposed Multifamily Projects 3Q20

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Memphis New Construction & Proposed Multifamily Projects 3Q20 Memphis New Construction & Proposed Multifamily Projects 3Q20 62 ARKANSAS 3 TENNESSEE ID PROPERTY UNITS 31 3 Avenida Watermarq at Germantown 150 16 4 Winchester Grove 446 6 Fieldstone Phase VII 118 7 Fieldstone Phase VI 178 8 28 Total Lease Up 892 4 7 6 8 Kensington Manor Redevelopment 558 65 58 16 Whispering Pines Redevelopment 99 29 32 Total Under Construction 657 30 57 28 Cottonwood Redevelopment 384 29 3725 Champion Hills Drive 100 30 Belz + MRG 140 31 Carrefour at the Gateway 320 32 The Water Tower District 258 37 The Cascades 740 Total Planned 1,942 57 Grant & Co Development 398 58 Viridian 375 62 Walnut Grove and Houston Levee Roads 260 37 65 The Garden at Eden Square 70 Total Prospective 1,103 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Memphis New Construction & Proposed Multifamily Projects 3Q20 64 63 13 36 ID PROPERTY UNITS 35 10 Velo at Shelby Farms 267 13 Lakeland Commons 150 Total Under Construction 417 60 33 Dwell at Shelby Farms 930 59 34 Parkside at Shelby Farms 1,200 35 The Lake District 564 36 Lakeland Commons Phase II 112 Total Planned 2,806 61 59 Colonial Country Club Development 563 60 Davies Plantation Road & US Highway 64 200 34 61 Goodlett Farms 408 63 Millington 80 33 64 Millington – Barret Oaks 247 10 Total Prospective 1,498 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Memphis New Construction & Proposed Multifamily Projects 3Q20 53 17 23 ID PROPERTY UNITS 1 Madison @ McLean 108 5 The Melrose Midtown Redevelopment 97 Total Lease Up 205 25 50 24 17 Thr!ve at the Park 176 52 27 39 1 Total Under Construction 176 23 The Link 350 24 Madison Avenue Mixed Use 74 25 Poplar Arts Lofts 111 26 The Annex of Memphis 85 49 56 27 Tillman Cove Redevelopment 218 55 38 Central Lofts 127 5 54 38 39 Madison Midtown 225 Total Planned 1,190 49 658 Dudley Street 85 26 50 UTHSC 100 52 1245 Madison Avenue 108 53 Crosstown Mound Redevelopment 250 54 Memphis Fairgrounds 100 55 The Nine at Memphis 100 56 Poplar Avenue and Highland Street 240 Total Prospective 983 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Memphis New Construction & Proposed Multifamily Projects 3Q20 12 TENNESSEE Joe Curtis ARKANSAS Point 9 40 19 51 14 18 ID PROPERTY UNITS 2 2 Foote Park at South City Phase II 134 Total Lease Up 134 9 One Beale 280 TENNESSEE 11 27 West Carolina 62 ARKANSAS 12 99 South Front Street 112 14 Museum Lofts 68 42 15 French Fort 71 11 Total Under Construction 593 18 South City IV 138 19 324 South Front Street 165 Total Planned 303 15 40 7 Vance Avenue 210 42 Harbor Town 100 51 Vance Avenue 56 Total Prospective 366 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Memphis New Construction & Proposed Multifamily Projects 3Q20 20 41 47 46 45 44 TENNESSEE ARKANSAS Chickasaw Bluff Number Four 21 ID PROPERTY UNITS 43 20 Conwood Building 107 21 Loews Hotel Redevelopment 500 22 Union Row 1,105 48 Total Planned 1,712 TENNESSEE Joe Curtis ARKANSAS Point 41 701 North Main 400 22 43 Jefferson Plaza 60 44 Overton Avenue 108 45 Overton Avenue and Second Street 100 46 Pinch District 942 47 Pinch District Phase II 586 48 300 Court Avenue 120 Total Prospective 2,316 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Memphis New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Madison @ McLean 1839 Madison Avenue Memphis TN 38104 Lease-Up 108 Memphis - Midtown Central 04/01/2019 01/31/2021 09/01/2020 2 Foote Park at South City Phase II 521 Vance Park Place Memphis TN 38126 Lease-Up 134 Memphis - Downtown East 03/01/2019 10/31/2020 04/01/2020 3 Avenida Watermarq at Germantown 7900 Wolf River Blvd Germantown TN 38138 Lease-Up 150 Germantown 12/03/2018 10/31/2020 09/02/2019 4 Winchester Grove 1305 Turkey Run Lane Memphis TN 38116 Lease-Up 446 Memphis - Whitehaven 10/01/2018 10/31/2020 04/01/2019 The Melrose Midtown 5 775 Melrose Street Memphis TN 38104 Lease-Up 97 Memphis - Midtown Central 05/01/2018 10/31/2020 06/01/2018 Redevelopment 6 Fieldstone Phase VII 3333 Hacks Cross Road Memphis TN 38125 Lease-Up 118 Memphis - Windyke 02/01/2017 10/31/2020 03/02/2017 7 Fieldstone Phase VI 3333 Hacks Cross Road Memphis TN 38125 Lease-Up 178 Memphis - Windyke 04/01/2015 10/31/2020 01/01/2017 Total Lease-Up 1,231 8 Kensington Manor Redevelopment 3896 Chippewa Road Memphis TN 38118 Under Construction 558 Memphis - Parkway Village 12/31/2019 11/30/2023 9 One Beale 1 Beale Street Memphis TN 38103 Under Construction 280 Memphis - Downtown West 02/01/2020 12/31/2021 10 Velo at Shelby Farms 7620 Raleigh LaGrange Road Cordova TN 38018 Under Construction 267 Cordova 07/01/2020 12/31/2021 11 27 West Carolina 27 West Carolina Avenue Memphis TN 38103 Under Construction 62 Memphis - Downtown West 02/01/2020 11/30/2020 12 99 South Front Street 99 South Front Street Memphis TN 38103 Under Construction 112 Memphis - Downtown West 09/16/2019 11/30/2020 13 Lakeland Commons 9768 Highway 70 Lakeland TN 38002 Under Construction 150 Arlington 02/01/2020 11/30/2020 14 Museum Lofts 138 Huling Avenue Memphis TN 38103 Under Construction 68 Memphis - Downtown West 10/01/2019 10/31/2020 15 French Fort 360 Metal Museum Drive Memphis TN 38106 Under Construction 71 Memphis - Downtown South 08/01/2019 10/31/2020 16 Whispering Pines Redevelopment 2312 Dwight Road Memphis TN 38114 Under Construction 99 Memphis - Midtown South 03/01/2020 10/31/2020 17 Thr!ve at the Park East Pkwy North & Sam Cooper Blvd Memphis TN 38112 Under Construction 176 Memphis - Midtown Central 10/01/2019 10/31/2020 Total Under Construction 1,843 18 South City IV 367 Vance Avenue Memphis TN 38126 Planned 138 19 324 South Front Street 324 South Front Street Memphis TN 38103 Planned 165 Memphis - Downtown West 20 Conwood Building 46 Keel Avenue Memphis TN 38107 Planned 107 Memphis - Downtown West 21 Loews Hotel Redevelopment 100 North Main Street Memphis TN 38103 Planned 500 Memphis - Downtown West 22 Union Row South Danny Thomas Blvd & Union Avenue Memphis TN 38103 Planned 1,105 Memphis - Downtown East 23 The Link 2542 Broad Avenue Memphis TN 38112 Planned 350 Memphis - Midtown Central 24 Madison Avenue Mixed Use 1750 Madison Avenue Memphis TN 38104 Planned 74 Memphis - Midtown Central 25 Poplar Arts Lofts 1935 Poplar Avenue Memphis TN 38104 Planned 111 Memphis - Midtown Central 26 The Annex of Memphis 3601 Midland Avenue Memphis TN 38111 Planned 85 Memphis - East Memphis 27 Tillman Cove Redevelopment 3019 Tillman Cove Memphis TN 38112 Planned 218 Memphis - East Memphis 28 Cottonwood Redevelopment 4653 Cotton Drive Memphis TN 38118 Planned 384 Memphis - Parkway Village 29 3725 Champion Hills Drive 3725 Champion Hills Drive Memphis TN 38125 Planned 100 Memphis - Windyke 30 Belz + MRG 3725 Champion Hills Drive Memphis TN 38125 Planned 140 Memphis - Windyke 31 Carrefour at the Gateway 6685 Poplar Avenue Germantown TN 38138 Planned 320 Germantown 32 The Water Tower District West Poplar Avenue & Schilling Blvd West Collierville TN 38017 Planned 258 Collierville 33 Dwell at Shelby Farms 524 Raleigh LaGrange Road Cordova TN 38018 Planned 930 Cordova 34 Parkside at Shelby Farms 6680 Mullins Station Road Memphis TN 38134 Planned 1,200 Cordova Source: Yardi Matrix Yardi Source: Memphis New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 35 The Lake District 3536 Canada Road Lakeland TN 38002 Planned 564 Arlington 36 Lakeland Commons Phase II 9768 Highway 70 Lakeland TN 38002 Planned 112 Arlington 37 The Cascades Cockrum Road & College Street Olive Branch MS 38654 Planned 740 Olive Branch 38 Central Lofts 2601 Central Avenue Memphis TN 38104 Planned 127 Memphis - Midtown Central 39 Madison Midtown 1544 Madison Avenue Memphis TN 38104 Planned 225 Memphis - Midtown Central Total Planned 7,953 40 7 Vance Avenue 7 Vance Avenue Memphis TN 38103 Prospective 210 Memphis - Downtown West 41 701 North Main 701 North Main Street Memphis TN 38107 Prospective 400 Memphis - Downtown West 42 Harbor Town 722 Riverside Drive Memphis TN 38103 Prospective 100 Memphis - Downtown West 43 Jefferson Plaza 147 Jefferson Avenue Memphis TN 38103 Prospective 60 Memphis - Downtown West 44 Overton Avenue 119 Overton Avenue Memphis TN 38103 Prospective 108 Memphis - Downtown West 45 Overton Avenue and Second Street 2nd Street & Overton Avenue Memphis TN 38103 Prospective 100 Memphis - Downtown West 46 Pinch District North Main Street & Overton Avenue Memphis TN 38103 Prospective 942 Memphis - Downtown West 47 Pinch District Phase II North Main Street & Overton Avenue Memphis TN 38103 Prospective 586 Memphis - Downtown West 48 300 Court Avenue 300 Court Avenue Memphis TN 38103 Prospective 120 Memphis - Downtown East 49 658 Dudley Street 658 South Dudley Street Memphis TN 38104 Prospective 85 Memphis - Downtown East 50 UTHSC 910 Madison Avenue Memphis TN 38103 Prospective 100 Memphis - Downtown East 51 Vance Avenue South 4th St & Vance Avenue Memphis TN 38126 Prospective 56 Memphis - Downtown East 52 1245 Madison Avenue 1270 Madison Avenue Memphis TN 38104 Prospective 108 Memphis - Midtown Central 53 Crosstown Mound Redevelopment North Bellevue Blvd & Overton Park Avenue Memphis TN 38105 Prospective 250 Memphis - Midtown Central 54 Memphis Fairgrounds SWC Central Avenue & Home Run Lane Memphis TN 38104 Prospective 100 Memphis - Midtown Central 55 The Nine
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