South Junction is a new construction project that will consist of 197 apartments and 264 on-site parking spaces. The apartment complex will consist of nine, three-story buildings, a clubhouse/fitness center, an outdoor pool, and other amenities on 5.58 acres of land at the northwest and southeast corners of Carolina and Florida.
The development team, led by Henry Turley, was awarded a PILOT incentive that will save approximately $4.1 million over the 15-year PILOT term. When completed, the project will help to transform that section of South End along the Main to Main Connector Project route. Construction is scheduled to begin in August and to be completed by fall 2014.
Read more about the South Junction apartment project in the Commercial Appeal.