August 10, 2015

Boyle Welcomes The Cloisters to River Oaks


Majestic trees will frame the entry of The Cloisters
Boyle’s newest addition to River Oaks.


-The Cloisters-

One of the most prestigious neighborhoods in Memphis is growing thanks to a joint venture by Boyle and Memphis builder and developer Russell Kostka. Boyle and Kostka are in the process of developing The Cloisters, a 40-acre residential property in the heart of River Oaks. The land, which is the largest undeveloped tract in the River Oaks area, was purchased from Mrs. Herbert Humprheys and adjoins her estate on Shady Grove Road. River Oaks has been recognized as having the highest valued residential property in Memphis, according to the city tax assessor’s office.

“We completed the Gardens of River Oaks a decade ago,” said Russell Bloodworth, executive vice president for Boyle. “The Cloisters will be a step above the Gardens development, with a manned and secured entry.” Bloodworth added that the estate lots larger than any currently available in Memphis will be offered as part of this new residential community.

Russell Kostka is a well-known builder and developer who has lived in the Gardens of River Oaks since its inception. “My wife and I love living in the Gardens,” Kostka said. “What we want to do is create a neighborhood with all the amenities of the Gardens of River Oaks, and then some. We know we can create something spectacular, especially since we’ll be working with the finest piece of residential ground remaining in the city.”

A team of top design professionals is currently creating a plan for the rolling site, which contains many mature trees. Architects Oscar Menzer, John Millard, and Carson Looney have joined landscape architect Ben Page of Nashville to come up with the key aspects of the design. Gary Thompson of ETI will create the overall development plan.

“This is a unique opportunity to arrange residential estates in a pattern that evokes the neighborhood aspect that many newer sections of our city have lost,” explained Bloodworth.

Demand for lots is expected to be high. Interested parties should contact J. A. Hayden or John Stone at 767-0100.