$310M development planned for Medical District
MEMPHIS, Tenn. (WMC) - Mississippi Boulevard Christian Church (The BLVD) is planning a $310 million development to its 23-acre Midtown campus.
The mixed-use development is expected to be complete by 2030 and include:
- Housing: 603 multi-family units for a total investment of $196 million will appeal to residents across a range of lifestyles and income levels –
- Workforce housing that meets the needs of Memphians working in or near the medical district and earning 60 percent of the Area Median Income (AMI).
- Student housing for graduate and medical students attending nearby universities, which caters to their lifestyles and living patterns.
- Multi-Family housing that will provide a range of market-rate options for singles, couples and families alike.
- Hotel: 125-key, select-service hotel, estimated at $34.7 million, that will accommodate the needs of the medical community and others visiting the district.
- Health and Wellness: 90,000 sq. ft. dedicated to fostering a holistic approach to health and well-being estimated as a $32 million investment, including a range of services such as medical offices, fitness centers, and other complementary health-focused facilities.
- Retail: 45,000 sq. ft of retail at a projected investment of $15 million will incorporate a range of amenities essential for creating vibrant and dynamic communities. Possibilities include coffee shops, restaurants, and a full-service grocery store, with priority given to local business owners.
- Parking: The development will have a new $35 million, 1,000+-space parking facility, which will incorporate EV chargers, state-of-the-art technology, and safety-conscious design; and will accommodate the additional density the development will bring.
“For more than 100 years, the BLVD has been a catalyst for positive change in Memphis,” said Pastor J. Lawrence Turner, Senior Pastor of The BLVD. “In these days of uncertainty and upheaval for our city, the members of The BLVD are gratified to ignite the Medical District’s possibility and promise with a transformative new community that will enrich the lives of our neighbors. This is the type of development that Memphis and the people who call it home deserve.”
A new church is also planned at the corner of Poplar Avenue and Montgomery Street. The 73,000-square foot sanctuary will host 2,200 worshipers with space for a café and multi-purpose areas.
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