The Medical District is getting a lazy river and a new apartment complex.
On Tuesday, Oct. 11, the Center City Revenue Finance Corp. also approved a 12-year PILOT for the Vic on Union development in the Medical District. Center City Revenue Finance is an affiliate board of the Downtown Memphis Commission (DMC).
Texas-based Hunington Properties Inc. plans to build a 136,326-square-foot, 286-unit apartment complex at 785 Union Ave. The building, which was previously an Office Depot, will be demolished to make way for the new five-story Vic on Union.
“It is in the heart of the Medical District,” DMC urban planner Abe Leuders said. “This is a significant investment in Union Avenue.”
Leuders said the project will help add walkability and provide a gateway for both the Medical District and nearby Edge neighborhood.
The apartment complex will include a 327-vehicle parking garage and 10,000 square feet of amenity space, including a game room and podcast studio. Huntington Properties also plans to build an outdoor courtyard, bus transit area and a swimming pool with a lazy river for tenants.
