A developer unveiled plans for a 71-acre, mixed-use neighborhood just north of Shelby Farms Park and featuring senior living facilities and including the denser development of four-story buildings.

The $142 million Dwell at Shelby Farms would place 715 apartments, 102 single-family houses and 162 senior-living units on undeveloped land now zoned heavy industrial.

The development emerges after another big, mixed-use development has been approved for the north side of Shelby Farms Park, called Parkside at Shelby Farms. That project to the west of Dwell will rise on 59 acres and include about 1,000 apartments, a hotel, 80,000 square feet of offices and 50,000 square feet of retail.

Dwell at Shelby Farms’s southern border fronts Raleigh-LaGrange Road across from Shelby Farms Park, and all 1,342 feet of its northern boundary borders the Shelby Farms Greenline.

Nashville-based Elmington Capital Group, with Crews Investment Holdings, filed an application with the Land Use Control Board for approval of a planned development centered at 7580 Raleigh-LaGrange.

“The developer is striving to build a neighborhood with a strong sense of place and close ties to the neighboring Shelby Farms Park and Shelby County Greenline, which will be mutually beneficial to supporting these recreateional amenities and attracting future residents,” states the developer’s letter of intent.

The new development would provide “immediate access to two of the most cherished recreational amenities in the Mid-South and will attract many future residents to call Dwell at Shelby Farms home,” the letter states.

The tract is now mostly open pasture with a few stands of mature trees. A creek runs northwest through the middle.

Dwell at Shelby Farms will primarily be residential and appeal to all ages, the letter states.

Planned are three- and four-story buildings, townhouses, single-family detached homes, and senior-living units.

The senior-living facilities will likely include assisted living and memory care units accompanied by health, wellness and dining services. Independent senior living units may also be included in some of the multi-family areas.

Retail and office space will be on the ground floor of some of the multi-family buildings.

The project includes a 10-foot-wide “urban greenway” through the development to connect the Greenline on the north to Shelby Farms Park on the south.

In addition to that pedestrian path, a road for vehicles called Dwell Parkway would be built through the property to connect Fischer Steel Road to Raleigh-LaGrange Road, the letter states.

Dwell Parkway would be two travel lanes separated by a 15-foot-wide, landscaped median and have sweeping curves to keep traffic under 25 mph, the letter states.

The development seeks to be pedestrian friendly, so buildings and homes will be built close to streets “and landscaped areas with sidewalks or urban greenway will line both sides of public streets to make the streetscape a ‘people space’ that fosters a Sense of Community and becomes a significant component of the development’s identity,” the letter states.

“Identity for any project usually starts at the front door or entrance to a neighborhood, so the decision to place iconic 4 story buildings as a facade along Raleigh-LaGrange Road was obvious for several reasons,” the letter states.

Those buildings next to the road create an urban environment, offer park views, and will be designed to complement the newer buildings in Shelby Farms Park, the letter states.

“Without the existence and sustained succcess of the Greenline and Shelby Farms Park, this neighborhood would not be possible,” the letter states.

The Land Use Control Board will consider the application at its meeting at 10 a.m. Dec. 14 at City Hall.

Elmington Capital already owns 862 apartment units in Memphis and manages another 1,530 units in the city.