$400M residential project to break ground in Tunica

Memphis Business Journal - 1:46 PM CDT Thursday

Landworks Communities, through a partnership with Highland Capital Real Estate Advisors, has purchased a 721-acre tract of land at Old Highway 61 and Casino Strip Boulevard (Highway 304) in Tunica with plans to turn it into a residential development with hundreds of homes.

The project, which is called Indian Creek, is scheduled to break ground in early 2007 and is estimated to cost $400 million.

The master plan calls for 18 acres of park land, professionally planned and maintained landscaping, recreational amenities, and waterway and lake systems covering 55 acres. The land has been rezoned and has received all approvals from Tunica County. The development will include 18 acres of park land and other amenities covering 55 acres.

Frank Aldridge, a spokesman for Landworks, said the project will be completed in 5-7 years and will include more than 900 homes, 400 multi-family units and over 35 acres of retail and commercial development.

With a population of less than 10,000 people, but an economy that sees over 12 million people come to town every year, Indian Creek is what the city needs, said Lyn Arnold, president of the Tunica Chamber of Commerce.

"This development will offer an outstanding lifestyle and amenities usually found in much larger areas," Arnold said. "This development also meets our goals of establishing high quality neighborhoods and providing a variety of housing."