December 17, 2015

Boyle’s First Apartment Development in 30 Years Almost Done

By:  Rob Robertson
Memphis Business Journal

Construction is nearly finished and leasing has begun at The Carrington at Schilling Farms, a centerpiece of the 443-acre Schilling Farms development in Collierville. The project represents the first foray back into the apartment market for Memphis’ Boyle Investment Co. since the 1980s.

“Boyle is excited to introduce the first multi-family community the company has developed in more than 30 years,” said Les Binkley, Boyle vice president, in a statement. “We think the project will be well received in the market due to its size and uniqueness coupled with the greater sophistication of the renting public and the expectations they hold.”

The project is a joint venture between Boyle and Schilling Farms partner Harry Smith, who formed a partnership with Clyde Patton and Bruce Taylor to develop the upscale, mixed-use neighborhood of boutique flats and townhomes on a 5-acre site at the northeast corner of Schilling Boulevard and Winchester. Boyle is overseeing development of the $13 million Carrington project.

Patton & Taylor Construction Co. is handling construction, which began in the winter of 2012. The grand opening is expected to happen later this month.

The Carrington consists of 111 one-, two- and three-bedroom flats and townhomes. The complex also includes 1,200 square feet of ground floor corner retail space that developers say is ideally suited for a coffee shop or deli.

Founded in 1933, Boyle is one of Memphis’ oldest real estate development, management, sales and leasing firms specializing in commercial and residential properties.