Kirby Pointe

Kirby Pointe Apartments, Horizon Companies New 116-unit Multi-Family Development in Memphis, Tennessee

by Affordable HousingApartmentsHorizon CompaniesMultifamily

MEMPHIS, TN / September 20, 2021 / Today, Horizon Companies announced their newest development project, Kirby Pointe Apartments, a 116-unit multi-family development in Memphis, Tennessee featuring four different unit sizes consisting of 1 to 4 bedrooms providing options for individuals and families of varying sizes. Positive growth trends have returned to Memphis over the past several months, slowly shifting the area into a high-tech healthcare hub for the mid-South region. This has been helped along by sizeable expansions at the UT Medical Center and a burgeoning high-tech medical device manufacturing sector. Preston Byrd, Managing Partner at Horizon Companies, is overseeing this $18M project that will provide needed residences for the rapidly growing community. Byrd states, “this has been a long-time coming and we are excited to finally see this project come together.”

Kirby Pointe, will sit on roughly 7.91 acres and is designed as a townhouse-style development giving its residents the opportunity to pull right up to their front door. The property will include a State-of-the-Art Fitness Center, Business Center, BBQ/Picnic Facilities, Children’s Playground and Free Wi-Fi for its residents. Construction is currently scheduled to start late Fall of 2021 and is expected to be completed by the end of 2022.

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The Reserves at Green Meadows

Horizon Companies Announces The Reserves at Green Meadows, a 200-Unit Multi-Family Development in Huntsville, Alabama

by 2021 MarketAffordable HousingApartmentsHorizon CompaniesMultifamily

HUNTSVILLE, AL / June 30, 2021 / Today, Horizon Companies announced their newest development project, The Reserves at Green Meadows, a 216-unit multi-family development in Huntsville, Alabama featuring four different unit sizes consisting of 1 to 4 bedrooms providing options for individuals and families of varying sizes. Huntsville’s market has shown years of strong economic and population growth supporting the demand for this multifamily development Managing Partner of Horizon Companies. Preston Byrd is proud to oversee this $32M project that has also caught the attention of several city officials. Raj Valluri, Vice President of Development at Horizon Companies says that it’s been well documented through permit activity that multifamily construction had indeed slowed down in the years prior to 2019 however, this combined with the post-pandemic surge in demand has now created the conditions to accelerate the development of multifamily housing in Huntsville.

Valluri added, clearly, the continued growth in jobs in the space exploration and auto industries have catapulted population growth in Huntsville and its surrounding suburbs and led to projections that it will become Alabama’s biggest city in 2021.

The development will include a Recreation/Deck Area, State-of-the-Art Fitness Center, Business Center, Two Tennis Courts, Swimming Pool, Children’s Playground, Water Features, Dog Park, and On-site Walking and Trail, Hiking Trails. The 22-acre property boasts a highly sought-after location Ideal for new Huntsville residents attracted to the area thanks to the encouraging job opportunities. Additionally, Alabama University Students and Faculty will find the Reserves at Green Meadow an attractive option with convenient access to major retailers and a straight shot to Huntsville International Airport.

Construction is currently scheduled to start in the Fall of 2021 and is expected to be completed by Fall of 2022.

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