Friday, November 14, 2003

Street Talk

Memphis Business Journal [link]
by Scott Shepard

Kevin Hyneman has yet to move forward with plans to develop the south side of Mud Island, where a mud slide occurred in August 2002, but he has been given the go ahead to build 159 single-family detached homes on 19.5 acres near the north end of the island.

Directly west of 15 acres he already owns with Wayne Christian and just south of the Jefferson River Estates apartment complex, the property will be accessed through an improved Henning Road, renamed Island Place East, which connects to Levee Road. Levee Road runs between Island Drive and North Second.

JPI Development tried to get the land rezoned for multi-family housing last March. The request was rejected primarily because of density. The Office of Planning and Development concluded a multi-family project on the property would push the housing ratio on Mud Island to 66% multi-family.

OPD has approved Hyneman's proposal, which still must be approved by the Memphis City Council.



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