INDIANAPOLIS (October 10, 2024) – The Annex Group®, a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities, announces today it has broken ground on a new student housing community at the University of Memphis.
The new community will feature 542 beds within studio, two-bedroom and four-bedroom units, and be part of the Park Avenue Campus, which is also the future site of Tiger Park, the integrated academic and athletic facilities complex the University of Memphis has in the works. The community is being built to house both university students and student athletes.
“We are thrilled to officially begin construction on this property that will appeal to students and student athletes alike,” said Tom Tomaszewski, President of The Annex Group. “Working side by side with the university has helped to ensure we’re providing innovative and desired amenities that will enhance Park Avenue Campus as well as the lives of those students choosing to live there.”
Speakers at the groundbreaking event included Tomaszewski and multiple University of Memphis representatives: Bill Hardgrave, President, Cato Johnson, Chairman of the Board of Trustees, Rene Bustamante, Executive Vice President and Chief Operations Officer/Chief Financial Officer, Tim Duncan, Senior Deputy Athletics Director, and Melinda Carlson, Vice President of Student Affairs.
“This building will provide our Tigers with a thoughtfully designed community where they can thrive,” said Carlson. “It has been a pleasure to work with each of the partners on this development, and I look forward to that continued partnership so that we can build the environment and facility that each of our students deserve. From the vibrant great room, grab-and-go market, multifunction spaces on every floor, the privacy of individual bedrooms and bathrooms, safety and security features consistent with the university’s considerable campus investments, to the outdoor living spaces that include an outdoor kitchen and hammock garden, this building will provide space not simply for students to live but places for community and engagement to further strengthen connections to each other and the University of Memphis. Those connections in that community are critical for student success.”
The new community is being designed with today’s college students in mind and will feature study spaces, social spaces and outdoor living areas, as well as grab-and-go dining options.
After a groundbreaking event yesterday at the Park Avenue Campus, construction on the community is now officially underway, with the community expected to open in fall 2026.
This will be The Annex Group’s second housing community in Memphis. The Annex of Memphis, an off-campus housing community located within walking distance of the University of Memphis, opened in 2021.
To learn more about The Annex Group, visit www.theannexgrp.com.
ABOUT THE ANNEX GROUP®
The Annex Group® is a leading impact housing developer that creates affordable, workforce, student, and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.