Marking a new chapter for the Oakhaven community, Mayor Paul Young is set to officially start the demolition of the derelict Somerset Apartments on Wednesday, May 21. This action, part of the Blight Zero initiative, promises to clear the way for affordable housing development in the Memphis area. The 30-acre property, which has sat uninhabited for over a decade at 3427 Winchester Road, represents a significant opportunity for neighborhood reinvention.
As announced by the City of Memphis, in an effort led by Mayor Young, transforming neglected properties has become a priority for Memphis. Mayor Young stressed the importance of this effort, saying, "This demolition isn't just about clearing away what's been left behind — it's about making space for something better." His Blight Zero initiative has been looking to partner with developers who are interested in contributing to the community's betterment.
Donated to the city, the troubled Somerset Apartments will soon be no more than a memory. Aligned with an ambition to foster sustainable housing solutions, the site is a cornerstone in Mayor Young's comprehensive plan for community revitalization.
Key to this project is the collaboration between the City of Memphis and CapStack Partners. CEO David Blatt expressed his organization's commitment: "We are honored to partner with the City of Memphis to make a meaningful impact in Oakhaven." Showing their readiness to face the Oakhaven neighborhood's lingering challenges, both entities unveiled plans for the demolished site's future. "We believe this effort will pave the way for positive change and renewed opportunity," added Blatt.
With preparations underway, the demolition ceremony is on the horizon, and a Request for Proposals is set to be posted on the city's website. This call to action seeks to attract partners eager to shape the future of the Oakhaven neighborhood and contribute to the area's resurgence.
