HGN: South City redevelopment set to get underway by year’s end

HGN: South City redevelopment set to get underway by year’s end

Look for the possible demolition of Foote Homes, the city’s last public housing project, by the end of the year, as the final 20 percent of residents are in the process of relocating in advance of the $250 million redevelopment of the neighborhood.

The new mixed-use South City project will be Memphis’ first LEED-certified sustainable community. One of the roles of the city’s Housing and Community Development (HCD) department is to deliver neighborhood assets like a grocery store and an early childhood learning center, as well as blight remediation plans, a small business loan program for sod treatments, and park improvements.

The HCD is partnering with Community Capital to develop those assets.

The hope is that by early December all of the residents at the 420-unit Foote Homes site will have moved out, and demolition will begin shortly after. The first phase of the project, which will include 120 affordable rate rental homes, must completed by the end of 2018, and Young expects the neighborhood to be fully built out by 2021.

The city is coordinating with the Memphis Housing Authority, the owner of the development site. The MHA is partnering with developer McCormack Baron Salazar.

Young points out that without projects like these families that have lived in the downtown area for years would eventually be priced out.

The neighborhood will also include more than 200 market rate rental homes in efforts to create a mixed-income area.

HGN: South City redevelopment set to get underway by year’s end

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s