Tag Archives: Tyler Mouchet

The Blake

Selma-Judge-CommercialSelma-Judge-CommercialSelma-Judge-Commercial

On our continued coverage of the developments near Martin Luther King Jr. Boulevard, we’re taking a detailed look into the recent sale of the plot of land off Selma Street and Martin Luther King Jr. Blvd. Rhett and Tyler Mouchet of Judge Commercial announced in late April that the plot had been sold to the development company CampusWorks.

CampusWorks is a nationally recognized developer and builder of student housing apartment communities. With properties all across the Southeast, they are one of the leading development companies in student housing.

Steve Helfrich, vice president of business development for CampusWorks, has confirmed their plans to develop that area into the perfect center where student housing can interact with downtown life.

“We saw an opening in this market for this type of development with a certain demographic being underserved. This is purpose built student housing that will meet the needs and exceed the expectations of the Savannah student population.”

The construction has already begun on the plot with completion scheduled for fall of 2016. This 5 story building will be home to 1-5 bedroom units, and will include amenities like 24-hour security, a pool, fitness center, an art gallery and more.

Much like most of MLK Jr. Blvd, the area has seen quite a bit of transition over the years, “The property was formerly the transportation center for CSX Railroad which played a major part of controlling intersections and scheduling their trains in the Savannah area. Technology made the center ‘outdated’ and the property became the center of vandalism and vagrant occupants.” said Rhett Mouchet, lead broker in the transaction along with his son Tyler.

The incoming facility will be a state-of-the-art student housing with mass and height approved by the Historic Review Board. It is anticipated in a few years that the removal of the overpass will enable the facility to sit on a tree-lined boulevard in the middle of Savannah’s new mixed use commercial district.

Since its founding in 1999, CampusWorks has experienced extensive growth, with a combined student housing portfolio exceeding 13,500 beds in Acquisition, Development & Construction. Additionally CampusWorks has a joint venture ownership interest in over 7,200 student housing beds in 15 university markets in excess of $500 million. They are an ideal candidate to help ensure the success of enriching the area with new life and vibrancy.

With key developments such as this, Savannah and the MLK Corridor have certainly been placed on the map and are headed for a bright and unique future. Look for further details on the design, layout and interiors of the development officially named, The Blake.

Judge Commercial now manages over 60 commercial units and has been the leading brokerage company to streamline the major developments on Broughton Street, Liberty Street and Martin Luther King Jr. Boulevard selling over $66 million last year.

The Next Broughton Street

Rhett Mouchet and Tyler Mouchet of Judge Commercial

Photography by Juwan Platt

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Photo from Thrifty Supply Center on MLK Blvd.

Savannah Revised per HRB

One of the luxury apartment projects on MLK Blvd. set to be delivered in Summer of 2016.

No one can argue that Martin Luther King Jr. Boulevard has gone through a string of changes lately that has the eye of many developers as the next place to build upon the ever growing downtown area. We asked 40 year commercial real estate veteran, Rhett Mouchet of Judge Commercial about his thoughts on the changes, additions and what he hopes to see become of it all. 

What are some of the changes you’ve seen over the past decade with the Martin Luther King Blvd. corridor? 

R.M. – The MLK Blvd. corridor has seen a lot of changes and development over the years. However, recently the corridor has finally gained acceptance from Savannahian’s as well as national developers as a viable expansion corridor of downtown. 

One of the first significant transactions on MLK was the sale of the former Dearing Chevrolet Dealership on the corner of MLK and Oglethorpe Avenue more than 15 years ago. With over five acres of land this site later became the location for the Hampton Inn and, most recently, the Embassy Suites. The sale of this property initiated the southward trend of hospitality based businesses. It wasn’t long afterward that the Marriott Courtyard followed the development trend. 

How has MLK been affected by the recent changes on Broughton?

R.M. – With virtually no vacancy on Broughton Street in the retail sector, vendors and developers are looking for opportunities in other sectors of town. MLK Blvd. is now primed and in the prefect condition to become the “Next Broughton Street.”

What highlights of MLK developments do you see really changing the dynamic of the street?

R.M – The addition of fine dining restaurants, like The Grey for example, and hopefully future mixed used projects will help encompass entire city blocks. The developments in the area around the Thrify Hardware block will also encourage high pedestrian traffic. A very likely enhancement to the street will be the removal of the overpass, thereby eliminating any barriers for future growth south on MLK. With the combination of these developments and more, the corridor will be restored, hopefully, to a significant music and entertainment district, as it was in the early part of the 20th century. 

How do you see these new changes encouraging growth in the next few years for the corridor?

R.M. – New growth sectors will emerge along Gwinnett Street, Montgomery Street and other surrounding areas encompassing residential and providing additional services. 

What do you hope to see happen over the next few years for that area?

R.M. – Increased landscaping and pedestrian walkways, restoration and upgrades of existing buildings. It’s exciting to see how much development and interest in that sector that is going on. I am looking forward to seeing how it progresses over the next few years. The potential is really amazing. 

In the last 39 years, Rhett Mouchet has played a role in brokering and leasing some of the most significant transactions in the region. Those transactions include distinguishable buildings and land within the Historic District, land for master planned communities and commercial development, shopping centers and investment properties around the area. They include the historic Candler Hospital building (now the Savannah Law School), approximately 159 acres of land that became Chatham Center, the sale of the Backus Cadillac property to become Whole Foods, almost the entire eastern end of Hutchinson Island and several sites for Food Lion anchored shopping centers. 

Two years ago, he was joined by his son Tyler, a graduate of Ole Miss with a degree in Real Estate. They are a very committed and proud “father and son team” and are currently involved in over $35,000,000 in “working transactions.”

In addition to striving for “excellence” in their Real Estate profession, both father and son are committed to placing a high value to “giving back” to Savannah and are committed to church, family, and community. 

Judge Realty now manages over 60 commercial units and have been the leading brokerage company to streamline the major developments on Broughton Street, Liberty Street and Martin Luther King Jr. Boulevard selling over $66 million last year. 

Judge Realty is Savannah’s only full service, locally owned and operated brokerage company. Celebrating 10 years in business, Judge Realty specializes in residential and commercial real estate, as well as in property management and rentals.

For more information about commercial development along the MLK Blvd. corridor contact Rhett and Tyler Mouchet at 912-236-1000.

Tyler Mouchet

IMG_8613KcsQtrp47nyyFRDM6R-UdehgaQ-fMgyQ6Gg92CRwSU8 IMG_8631 IMG_8640 IMG_8644 IMG_8657 IMG_8673 IMG_8677Photography by Juwan Platt

I love being a realtor because…
I love being a realtor because it’s always changing. You can have deals fall through in the morning and have them back on track by mid-afternoon. You just never know what’s going to happen. I grew up watching my dad perfect the tools to be a great broker which is another reason why I love it so much. I get to go to work everyday and learn from the best.
Real estate tips?
Hmmm….. any real estate tips. Commercial real estate is a little different because most buyers who are coming into the market are already extremely knowledgeable about what they are looking for. If I were to suggest any tips to someone not familiar with commercial real estate it would be to surround yourself with a good team. In order for you to get a transaction done you are going to need a good engineer, architect, banker, attorney, etc., don’t lean solely on your agent for all of your needs.
Favorite neighborhood in Savannah?
I grew up in the Landings and lived there until I went to college, so obviously I think that’s the best neighborhood in Savannah. Now that I’m older, I appreciate downtown Savannah more. I moved into Ardsley Park in January and don’t see myself leaving the area for awhile.
I can’t live without…
I can’t live without my iPhone. I am obnoxiously on it all of the time. I would say that it’s hands down the worst invention of all time. On a serious note, I can’t live without friends and family. I am fortunate to have a lot of great friends and great family to support me no matter what.
What makes me happy about Savannah..
There are so many things to do in Savannah. I love going out on the weekends with friends, playing golf, kayaking, going to the beach, and most importantly karaoking with my band The Sean Tyler Connection. We are kind of a big deal. The most underrated thing about Savannah is Forsyth Park. There are not many cities that have a huge park in the middle of the city with great concerts and events.
Favorite tools of the trade?
The most important tool, in my opinion, as a commercial real estate agent is having the knowledge and depth of the developments happening in our market. Since our market is changing so much, having a foundation for what is happening and what is current is absolutely critical. My dad and I make it a priority to review the latest trends in the market weekly so we have a grasp on how it could affect our clients.
Savannah is an amazing city because….
I believe that the Savannah College of Art and Design is the reason why Savannah is such a great city. They have singlehandedly transformed downtown Savannah and are the reason why real estate is trending upward. Everything that SCAD has done has/will have an impact on the real estate market in Savannah.