Tag Archives: condos

Midtown- Developer Pulls Plug on Glenmary Condo Development

In a January 11 email to REALTORS who had shown their clients units in the Glenmary Condos during the project’s marketing period, the listing company, the Martin Group announced that the developer had decided to revert the building back to rental units. The email did not mention slow sales as the reason for the change of focus, but I think that is a given.
The building is located at 1550 N. Parkway, just east of N. Watkins (zip 38112) and had been moderately priced apartments before the condo conversion began. Many tenants have remained in the building during the floor by floor renovations.
The Developer, the Gintz Group, of Tacoma, Washington, will re-launch the property as apartments in the next 30-60 days, according to the email. The Glenmary apartments promises “one-of-a-kind apartments for Memphis and Midtown with upscale finishes and fabulous amenities.”

In-Town Condo Wrap-Up for 2007

Based on information from the Memphis Area Association of REALTORS (deemed reliable, but not warranted), here are condo sales figures for 2007 for 3 zip codes of interest.

If chart will not display click title of this post for full chart.

I added columns reflecting sales in the August through September, 2007 months, compared to 2006, to try to capture some information about the so called housing slump’s impact on the Memphis condo market. I will let you draw your own conclusions from the numbers.

Great New Condo Listing

Check out this great new loft condo listing at The Lofts, 505 Tennessee. On the Trolley line – a short ride or walk to everything cool Downtown.

Get the details at:


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