Subscribe

Developer looking to add three offices to Germantown medical district

By Updated: March 06, 2019 10:47 PM CT | Published: March 06, 2019 4:20 PM CT

Fifteen acres fronting Wolf River Boulevard may soon be Class A medical offices in Germantown.

The land, known as the Fulmer Property, sits across from Riverdale Park and extends north to the Wolf River. It is bordered by homes on the east and Riverdale Road on the west.

The application was submitted to Germantown Wednesday, according to developer Price Ford, principal of Cypress Realty Holdings Company. The three two-story buildings – each 50,000 square feet – would front Wolf River Boulevard.

Cypress Realty and Ford & Jarratt Realty Development Co. are moving forward with a plan that has been in the works for the past year. The Fulmer family approached Ford about the potential for the north portion of their property, which sits near the suburb’s medical district and about 3 miles from Baptist Memorial Hospital and Methodist Le Bonheur Germantown Hospital.

The family has met with aldermen to discuss the plans. It will be similar to the offices at 7550 and 7600 Wolf River Blvd. Ford’s team also built those buildings, both of which are fully occupied.

Alderman Forrest Owens said with the proximity to the hospital, many medical offices want to locate to the area. He praised the work Ford has already done and the tenants it has attracted.

“It’s the kind of tenants most residents would clamor for,” Owens said.

He expects the project to have low impact on traffic and said it was a “logical request” from Ford and the Fulmers.

Ford said his team will engage nearby residents to talk about the plans, and Owens said he also wants to hear their opinions.

The first step is to get the 15 acres rezoned from residential to office. The Fulmer family will continue to live on the remaining 175 acres, which will maintain its residential zoning.

If the rezoning of the 15 acres is successful and the remaining approvals are given, the three buildings will be built in separate phases. The first will be on the east side, then on the west side, and the final building will be in the middle of those two.

“Everything about this location lends itself to medical practices and support services, from building amenities to traffic access for patients to employee comfort,” Ford said in statement.

Orange tape is around the trees that will be removed to accommodate the buildings.

“The land will be extensively landscaped,” Ford said, to buffer nearby homes and apartments.

The buildings will be developed, leased and co-owned in a partnership between Cypress Realty and the Fulmer family.

“Professionally managed and locally owned,” Ford said.

The interior of the buildings will have granite, mahogany and polished nickel. The buildings will be similar to the medical buildings across the street, according to Ford.

Price said potential tenants have inquired, but he did not specify any groups. He said those will be announced later in the process, but that he is “delivering” to the “significant demand.”

Topics

Germantown Germantown Medical District Rezoning Healthcare
Abigail Warren

Abigail Warren

Abigail Warren is a lifelong resident of Shelby County and a May 2018 graduate of the University of Memphis.  She has worked for several local publications and has covered Germantown since May 2018.


Comment On This Story

Email Editions

Sign up for our morning and evening editions, plus breaking news.