Plans to develop a 170-acre mixed-use community adjacent to Colonial Country Club in Cordova are officially off the ground.
CCClub Holdings announced the project, The Legacy at Colonial, on Tuesday. The project is slated to include a hotel, multi-family housing, an “upscale” single-family home subdivision and a senior living campus as well as office and commercial space.
Jim Russell, managing partner for CCClub Holdings — which bought the country club in 2013 — and a member at Colonial for more than four decades, called it a one-of-a-kind neighborhood and thanked city and county officials and adjacent neighborhood associations for helping to get the project moving.
“We’re tremendously excited to get this project off the ground,” he said in a news release. “It’s an opportunity for us to create a fantastic development with access to incredible amenities.”
MEMPHIS DEVELOPMENT:These are the projects to watch in 2022
SUBURBAN DEVELOPMENT:The Parke at Houston Levee: Here’s what’s planned for Collierville’s new development
The club, more than 100 years old, has in recent years been making significant renovations to make it “the finest club in this area again,” Russell said in 2020.
Work is ongoing to modernize and improve the country club at 2736 Countrywood Parkway.
“The club is enjoying renewed prosperity,” according to the release. “Club amenities include tennis, swimming, fitness, golf and a variety of dining experiences and events for families. The Club will continue to explore additional amenities and services as the multi-phase project moves forward.”
Plans show the development located north of the South Course, bounded on the north and west by U.S. 64 and Interstate 40.
In a statement, Doug McGowen, chief operating officer for the City of Memphis, said the city was pleased to see the development of “a dense, walkable neighborhood.”
“Similar to developments underway or planned in the city, The Legacy at Colonial will provide a great new choice for people to live in Memphis,” he added.
Russell said the community was envisioned as a place where residents can walk, or take a short golf cart ride to get to anything they might need on a day-to-day basis.
BUSINESSES IN CORDOVA:QuikTrip to open first Memphis location in Cordova
“If they choose to join, they’ll also have easy access to all the amenities of Colonial Country Club, including a newly renovated South Course, swimming pool, tennis courts, clubhouse and fitness facility,” he said.
Construction is expected to begin in the fall, pending certain city approvals.
The first phase includes the sale of 50 residential lots, more than half of which have been purchased, developers said. The average sale price for those lots is about $127,000.
About 79 acres of the development will be for the 520 planned single-family lots and four parks, which sit on the south side of the development near the golf course.
About 18 acres will be devoted to the 320-unit senior living complex and the remaining space will be for commercial and multi-family uses.
“This is a tremendously ambitious undertaking,” Russell said. “It’s the largest development of its kind in the City of Memphis since Harbor Town.”
The architect on the project is LRK. Bray Engineering Firm and Bill Koeneman with B&C Construction will work with LRK to execute the project. Development financing is being provided by First Citizens National Bank.
Corinne S Kennedy covers economic development and healthcare for the Commercial Appeal. She can be reached via email at [email protected]