MBJ: Elkington partners with big Atlanta developer on massive Germantown project
Memphis-based Elkington Real Estate Group is partnering with two out-of-town developers on a massive mixed-use project for Germantown.
Carter & Associates LLC, an Atlanta-based developer that has made $1.2 billion in real estate investments since 2005, has filed plans with the city of Germantown for a $200 million mixed-use development on 32 acres west of Saddle Creek.
Fletcher Elkington, who will be in charge of the development’s restaurant and entertainment components, told the Memphis Business Journal that the city should be excited about Carter coming to town.
Elkington said the development’s retail space will feature multiple concepts that will be new to Tennessee. With Carter’s reputation and the scale of the project, Elkington said the development is akin to something that would be built in Nashville right now. He declined to discuss other aspects of the project, deferring to his father, John, who could not immediately be reached for comment.
The other out-of-town developer on the project is Jeffrey R. Anderson Real Estate Inc., out of Cincinnati.
The Carter development will be just east of Gill Properties’ $90 million TraVure project, which has broken ground in Germantown at its boundary with Memphis.