Accomplished administrator to add expertise to largest Opportunity Zone project in U.S.
Memphis Walk, LLC., the development consortium leading Memphis’ largest mixed-use project currently in development – The Walk on Union – announced that Denise Cleveland-Legget, former Southeast Region Administrator for the U.S. Department of Housing and Urban Development (HUD) has joined the development team as a strategic advisor.
As unique as the city that surrounds it, The Walk is designed to be a one-of-a-kind smart development and innovation hub, with a focus on reviving the soul of Downtown. The development is the only real-world, built environment in Memphis that sits in an Opportunity Zone, and, with Innovation Zone and Transportation Corridor efforts emerging, The Walk is poised to serve as the area’s natural nexus of live, work and play which will activate the human pathways between the city’s business corridor, stadiums, cultural historic treasures and globally renowned health care centers.
“With the addition of this key partner, The Walk on Union enhances its strategic position as a catalyst for transformational growth and opportunity for Memphis,” said Dave Dlugolenski, representing Memphis Walk, LLC. “We are pleased to have the opportunity to collaborate with Denise; her track record alone is outstanding. We look forward to witnessing how her ideas and expertise help elevate The Walk.”
Cleveland-Legget, brings unparalleled experience in community investment and development to her role as a strategic advisor to The Walk leadership team. In her role, Cleveland-Legget will work closely with the CBRE-led financing team, leveraging her unique background to navigate the complexities of the project’s Opportunity Zone distinction and the policies that govern such projects. Beyond her professional work, Cleveland-Leggett is a strong advocate for the fair treatment of underrepresented communities and will help The Walk remain focused on its promise to better connect and impact all the city’s residents.
“Through the development of The Walk on Union, we are building the future of Memphis,” said Cleveland-Legget. “This development will serve as a vital civic hub which will foster creativity, connection and community, and it is my honor to contribute to the advancement of such an important effort.”
The Walk will be the largest mixed-use development in the region, with Phase 1 totaling $376 million. Unparalleled in quality, strategic location and market positioning, The Walk will connect Memphis with the future by helping transform the downtown area, serving as a long-needed catalyst to accelerate innovation for the city’s economic future. The development is poised to create thousands of employment opportunities from groundbreaking to grand opening, to the impact of ongoing operations within the fully realized destination that will support top-of-the line residential and retail offerings – including hospitality inches from world-famous Beale Street – as well as flexible office space with the first 5G in the region and an environment designed to optimize product mix, people flow and technology. Visit memphiswalk.com for more information.
About The Walk on Union
As unique as the city that surrounds it, The Walk on Union is poised to be a one-of-a kind smart development and innovation hub, transforming Downtown Memphis and the surrounding community. Under the leadership of Memphis Walk, LLC., the consortium of Atlanta-based Sagestone Partners and Memphis-based Big River Development, the development will utilize land within a federally designated Opportunity Zone to transform 11 underused acres into a destination that creates civic pride, opportunity and community-building through thriving and sustainable retail, office and living destinations.