Riverset - Memphis - Memphis, TN
Completed in 1988
Scope
$30,000,000 500-unit luxury apartment complex
Completed in 1988, Riverset was the first private development - residential or otherwise - on Memphis' Mud Island. The project merited a feature in Builder/Architect Magazine and spawned interest in the development of the island, which had previously merited little or no attention.
Significance
As the first private development on Mud Island, Riverset is credited with being a catalyst in the comeback of downtown Memphis, which has seen the addition of 10,000 housing units since 1988. Moreover, Mud Island itself ultimately saw millions of dollars of additional development.