588 Chelsea
The site is part of the Chelsea Neighborhood Center in the Uptown Community Plan which recommends higher density residential infill along the Chelsea corridor. Existing zoning and the Memphis 3.0 future land use designation of Anchor Neighborhood Mix of Building Types also support a more intense mixed-use development at this site.
The CRA will convey the property to the selected developer subject to the terms of a redevelopment agreement. The property was acquired by the CRA in 2022.
If housing is proposed for the site, the CRA encourages developers to provide quality affordable housing. The CRA prioritizes affordable housing for low-income households whose income does not exceed 80% of the Memphis MSA’s median income based on family size.
RFP Due: January 31, 2025