Home » NEWS » Tupelo apartment complex demolition delayed amid possible sale

Tupelo apartment complex demolition delayed amid possible sale

By CALEB BEDILLION/Daily Journal

Tupelo’s Code Enforcement division has for years wrangled with President’s Gate Apartments, located on Lawndale Drive.

Code Enforcement had this week requested the Tupelo City Council approve an order of demolition for buildings 928, 930 and 932 in the President’s Gate complex.

Those buildings have been unoccupied for years. Water has been infiltrating all three buildings throughout that period, said Director of Development Services Shane Hooper.

One of the three buildings in question also suffered fire damage last October.

However, the sale of President’s Gate is reportedly under negotiation.

Memphis attorney Brian Yoakum, representing Evergreen Square LLC appeared before the city council Tuesday night.

President’s Gate is owned by Evergreen Square LLC and Fountainbleau Management Services LLC. The first company is based in Chicago and the second in New Orleans, according to documents obtained from Tupelo’s Development Services division.

Yoakum said the current owners of the complex are in talks with Birmingham-based company to sell the property for $2.5 million.

“This is a real buyer with real money ready to invest in your city,” Yoakum told council members.

He requested that any action on the demolition be delayed in order to facilitate the sale of the property.

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The attorney noted the three buildings in question sit near the back of the property and are “not an eyesore.”

Following his own reported investigation of the property, Yoakum said that the buildings are all secured and boarded.

These three represent 48 of the 257 apartment units in President’s Gate, Yoakum said.

Later in the Tuesday meeting, the council did vote to table the demolition order.

caleb.bedillion@journalinc.com

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