Watermark at Germantown will not pursue appeal
Thompson Thrift Developers sued the city after Watermark at Germantown was turned down. The firm had indicated it would appeal a ruling in favor of the city, but the appeal will not be pursued.
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Thompson Thrift Developers sued the city after Watermark at Germantown was turned down. The firm had indicated it would appeal a ruling in favor of the city, but the appeal will not be pursued.
Germantown aldermen discussed the future of apartments in the suburb at a work session Monday. The discussion comes at the end of the suburb's 18-month apartment moratorium.
One of the four proposed developments excluded from Germantown's moratorium on apartment construction won't be building in the city after a chancery court judge dismissed the developer's case Tuesday.
With Germantown's apartment moratorium set to expire July 8, city leaders are planning a work session with aldermen to discuss the next steps.
Germantown reviews apartment moratorium study results with aldermen in a work session Thursday evening. The study was a part of the suburb's 18-month moratorium, which expires in July.
Local developers intended to keep the 266 Lofts in Downtown Memphis, but a private equity firm made an aggressive, unsolicited offer.
The builder of Forum Flats apartments says 205 units could still be repaired and completed by the original deadline in August.
The mixed-use development called The Citizen does not yet have a commercial tenant, but its apartment dwellers are a short walk from many Midtown stores and services.
The Land Use Control Board gave its backing to the 111-unit Art Lofts apartments across from Overton Park after the developer made several concessions to concerned neighbors.
Alderman Dean Massey wants to tighten the last five months of Germantown's apartment moratorium. This stance comes after Germantown said developers did not have vested property rights.
Germantown leaders say in a chancery court filing that they acted properly in rejecting a developer's bid to build apartments in the Forest Hill Heights area of the city.
After 16 years of ups and downs, developer and preservationist Lauren Crews has applied for a building permit to convert the historic U.S. Marine Hospital into 71 apartments.