Builders succeed by putting higher-end homes where others don’t

By , Special to The Daily Memphian Updated: October 19, 2020 3:19 PM CT | Published: October 19, 2020 4:00 AM CT

The concept contradicts traditional ideas about real estate, but buyers are snapping up the relatively expensive houses Laurynas Petrauskas and Raymond Sharkus build next to less-valuable homes.


residential development Homebuilders University District
Tom Bailey

Tom Bailey

Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.


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