New life for historic buildings on the riverfront

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MEMPHIS, Tenn. -  The U.S. Marine Hospital first built on the Mississippi  in the late 1800's to take care of  injured seamen  has been closed for years, but one local developer sees its potential.

"Sixty percent of the units have good views of the river," said Lauren Crews.

Crews wants to turn the depression-era hospital, just south of Tom Lee Park in the French Fort neighborhood, into luxury apartments or condominiums.

He has invited people to come take a look at the property this weekend to come up with even more ideas for the place.

"Eight out of nine Memphians don't even know it exists," said Crews.

Crews said the redevelopment of the property is just saw piece of an even larger project to revitalize the area.

He already has plans for 22 other projects in the neighborhood.

"In my travels, I saw where people were taking these areas that were going through decay and particularly been separated by interstate projects in the 1960's and reconnecting them back to the downtown core," said Crews.

Crews said a planned Interstate 55 roundabout will help open the area to the downtown core.

He plans to hold several more revitalization parties at the property in the fall.

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