Bellevue Montgomery Multifamily Development
Category: Projects
Bellevue Montgomery Multifamily Development
272 N Bellevue Blvd
Memphis, TN
Twenty-three (23) rental apartment units will be built on the site as a first project phase. The concept is to focus on “missing middle” housing by providing a range of unit sizes and amenities designed to enhance livability and build community. The design intent is to add neighborhood-scale infill rental housing that is compatible with existing homes and buildings in this established neighborhood.
| Property Name | 272 N Bellevue |
|---|---|
| Project Cost | $3,621,863 |
| District | Outside CBID |
| Type | New Construction |
| Developer | KPS Development Partners |
| Architect | Kronberg Urbanists Architects |
| SF Developed | 15,000 |
| Status | Planned |
| Apartment Units | 15,000 |
| Parking Spaces | 25 |
| Approval Date | 2024-09-17 |
| Expected Completion | 2026 |
PILOT Details
| Lessee | Bellevue Montgomery, LLC |
|---|---|
| Lessee Address | 1770 Kirby Parkway, Suite 215 Memphis, Tennessee 38138 |
| Term | 10 Years |
| Approval Date | September 17, 2024 |
| Extension | 0 |
| Term Mos | 120.00 |
| Status From Date | Approved |
| Remaining PILOT Years | 0.00 |