Mar 11, 2024

Continental Properties Announces Groundbreaking of Springs at Colonial, Expanding Housing Options in Memphis, Tennessee



Springs at Colonial community rendering

MEMPHIS, Tenn. — Continental Properties is thrilled to announce the groundbreaking of Springs at Colonial, a gated, garden-style community offering 296 premium apartment homes with private ground-level entrances and attached garage options. Located at Countrywood Parkway and Hwy 64, Springs at Colonial will consist of ten residential buildings with studio, one-, two-, and three-bedroom options.  

Springs at Colonial is located within Legacy at Colonial, a master-planned development that will contain single-family homes, senior living, retail, and a proposed hotel. The community is also adjacent to the Colonial Country Club, home to a former PGA tournament 18-hole golf course. Residents have convenient access to a variety of shopping, dining, and entertainment options within a one-mile radius, including major retailers like Costco, Home Depot, Sprouts Farmers Market, Ikea, Wal-Mart, Sam’s Club, and Target, as well as the amenities of the Wolfchase Galleria. 

“Springs at Colonial is designed with the customer experience at the forefront, ensuring that residents find a home and enjoy a lifestyle that exceeds expectations,” said Heather Riggs, Vice President of Multifamily Operations.  “From its prime location to the thoughtful amenities and attentive onsite customer service teams, Springs at Colonial is dedicated to providing an unparalleled standard of living.” 

Continental is confident that Springs at Colonial will effectively address the urgent need for housing in the current market landscape, thereby strengthening its portfolio and contributing to the overall enrichment of the local community. 

"Springs at Colonial will be Continental's fourth multifamily development within the Memphis market,” said Trent Turner, Continental’s Director of Acquisitions. “We chose this area for a few reasons: the location offers residents seamless access to I-40, and it is nestled within a transformative master-planned community. Residents will enjoy the convenience of being near a robust retail node and the locality boasts strong employment growth, presenting exciting opportunities for our residents." 

Pre-leasing for Springs at Colonial will begin in the fall of 2024, when interested residents can visit the property and view apartment finishes and floor plan options. Move-ins are expected in early 2025 with the completion of the community clubhouse and first building. 


About Springs Apartments     

Since 2001, the award-winning Springs Apartments, owned and operated by Continental Properties, has provided residents with a unique living experience in convenient locations throughout the country. Featuring townhome-style designs with private entrances, stylish finishes, abundant natural light, resort-style amenities, pet-friendly policies, and friendly onsite customer service teams, Springs communities are the perfect place to call home.  

About Continental Properties     

Continental Properties is a national developer and operator of rental communities, retail, and hospitality properties. Since its inception in 1979, Continental Properties has developed over 129 apartment communities encompassing more than 34,000 apartment homes in 19 states.   

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