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DEVELOPMENTAPPROVED

Memphis Housing Authority Board Meeting Agenda February 2026

Penrose Properties Authorized for Second Legends Park Senior Facility

Memphis Housing AuthorityPENROSE PROPERTIESFebruary 26, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Memphis Housing Authority Board approved amending the disposition application to HUD, allowing development partner Penrose Properties to proceed with Edgeview at Legends Park Phase II, a new 60-unit senior housing project on 1.09 acres.

Contract Details

Vendor

PENROSE PROPERTIES

Agency

Memphis Housing Authority, TN

Contract Type

DEVELOPMENT

Document Date

February 26, 2026

Renewal Info

Disposition involves a long-term ground lease; no contract renewal or extension terms provided.

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