{"id":1004089860,"date":"2014-01-15T13:14:05","date_gmt":"2014-01-15T21:14:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=230498"},"modified":"2025-02-19T05:59:27","modified_gmt":"2025-02-19T13:59:27","slug":"crescent-bluff-apartments-to-add-172-unit-second-phase","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-bluff-apartments-to-add-172-unit-second-phase\/","title":{"rendered":"Crescent Bluff Apartments to Add 172-Unit Second Phase"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>Downtown Memphis is set to see a new apartment development. Phase II of Crescent Bluff Apartments will add 172 new units to the existing 72 of Phase I, reports the Memphis Business Journal<\/em><\/a>.<\/p>\n

Although an official groundbreaking date has yet to be made public, Nashville-based developer Elmington Capital Group (ECG), operating as ECG Virginia LP, has contracted Patton & Taylor Enterprises L.L.C. for the construction of three structures near the project\u2019s first phase. The company acted as general contractor for the previous phase as well, which cost $10.5 million. Magna Bank is financier to the project located south of the historic South Main District, an area of Downtown Memphis that is also coming back to life.<\/p>\n

According to information available on project architect Shapiro & Company Architects Inc. website, Davis Patrikios Criswell, Engineers will act as structural engineer, W.H. Porter Consultants PLLC as civil engineer, while Kersey\/Wike Associates P.C. are to serve as landscape architect. All parties were involved in the development of Phase I as well.<\/p>\n

\"\"<\/a>An early rendering of the project depicts it as three-story structure. Amenities, the number of bedrooms per apartment or the affordability of the project has yet to be released. Phase I, located on a four-acre site, features one-, two- and three-bedroom apartments that go up to 1,350 square feet in size. Units feature high-end touches such as granite countertops, stainless steel appliances, spacious balconies, large closets, nine-foot ceilings, and downtown views. Community amenities include an urban pocket park, playground, grilling area, clubhouse\/leasing office and gated access. The 25 East Virginia community focuses on affordable housing and made use of several local and federal incentives in funding, such as a low-income housing tax credit through the Tennessee Housing Development Authority and a PILOT program through the Health Education and Housing Facility Board of the City of Memphis.<\/p>\n

Images via Shapiro & Company Architects, Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Downtown Memphis is set to see new apartment development, with Phase II of Crescent Bluff Apartments, which will add 172 new units to the existing 72 of Phase I<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004089860","post","type-post","status-publish","format-standard","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"\nCrescent Bluff Apartments to Add 172-Unit Second Phase - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crescent-bluff-apartments-to-add-172-unit-second-phase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crescent Bluff Apartments to Add 172-Unit Second Phase\" \/>\n<meta property=\"og:description\" content=\"Downtown Memphis is set to see new apartment development, with Phase II of Crescent Bluff Apartments, which will add 172 new units to the existing 72 of Phase I\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crescent-bluff-apartments-to-add-172-unit-second-phase\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-15T21:14:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T13:59:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/Crescent-Bluff-Apartments-Phase-11.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Crescent Bluff Apartments to Add 172-Unit Second Phase\",\"datePublished\":\"2014-01-15T21:14:05+00:00\",\"dateModified\":\"2025-02-19T13:59:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/\"},\"wordCount\":325,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/01\\\/Crescent-Bluff-Apartments-Phase-11.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/crescent-bluff-apartments-to-add-172-unit-second-phase\\\/\",\"name\":\"Crescent Bluff Apartments to Add 172-Unit Second Phase - 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