MARIETTA, GA—Harbour Retail Partners announces its joint venture partnership with Belz Investco GP to acquire and redevelop a mixed- use property in Memphis, TN. The partnership has acquired the vacant office and hotel buildings at the southwest corner of Union Avenue and Mclean Boulevard in the midtown area of Memphis.
The partnership intends to redevelop the property to include multifamily over retail and expects construction to start in early 2017.
Jim Cheney, a Principal of Harbour Retail Partners said, “The Belz family’s extensive real estate experience and history in Memphis made them the perfect partner for us. We love the turn-of-the-century character of midtown Memphis and are excited to participate in the renaissance of the surrounding Cooper Young and Overton neighborhoods.”