Butler Brothers To Become 384 Apartments

Butler Brothers To Become 384 Apartments

Development Services Group based in Memphis plans to rehab the Butler Brothers Building at 1717 Olive St in the Downtown West neighborhood. The company acquired the over 700,000 square-foot building earlier this year. According to bid documents submitted to the SLDC Planroom by Paric Corporation, the building will be renovated into 384 apartments. Amenity spaces will include a rooftop pool and walking track, a fitness center, and an interior courtyard on the 3rd level. Parking will be in the basement (73), first (161), and second (176) floors (410 total, if I counted right!). The architect is Trivers. Construction is planned to commence in November.

There aren’t any financial details in these documents. I’d guess the development will cost over $100M. I’d think they would utilize historic tax credits.

Nextstl – 2014 –718,000SF Butler Brothers Building Set For Residential Redevelopment – This plan did not come to fruition.

On the first floor are two retail spaces of about 3,000 and 7,000 square feet and a coworking space with meeting rooms and a room for podcasting. They are at the west side of the building. One can enter from 18th Street to access those spaces via a “historic lobby.”

There will also be a “monumental stair.”

The second floor has bike storage, a dog spa, screen room, game room, golf simulator, fitness center, and a juice bar.

The floors above are mostly one bedrooms and a few studios and two bedrooms.

The inward-facing apartments have balconies.

Interior Courtyard
Rooftop Amenities

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