Campus Adjacent to the University of Memphis 1.65 Acre Student Housing Development Site 587-619 Houston Street, Memphis, TN 38111 $1,995,000 $33 Per Square Foot HIGHLIGHTS 1.65-acre Student Housing Development Site 7-Parcel Assemblage - Fully Entitled for 237 Student Beds/108 Units Prime Pedestrian-To-Campus Infill Opportunity within University District Overlay PROPOSED DEVELOPMENT DETAILS Initially entitled for 194 Beds, a recent variance now approves 237 Beds [108 Units] UNIT MIX 49 1-Bedrooms (45%), 20 2-Bedroom (19%), 9 3-Bedroom (8%), 30 4-Bedrooms (28%) AMENITIES Proposed Amenities Package includes Leasing Office, Club Room, Fitness, Study Hall, Courtyard/Greenspace, Pool, Outdoor Fitness, Roof Deck Terrace PARKING Coded-access Spaces On-Site (90), On-Street (9) plus across street U of M Parking Garage PLANS All Studies/Civil/MEP/Architectural Plans are 100% complete for the initial 194 Bed Count. Utilities Drawn to Site