Real Estate
Local company buys Sycamore View Plaza
A local private investment company bought Sycamore View Plaza, a retail center on Summer Avenue for over $3 million.
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A local private investment company bought Sycamore View Plaza, a retail center on Summer Avenue for over $3 million.
Also in this edition of Inked: August homes sales go down while prices go up, Los Angeles firm buys in Southeast Memphis and Litchfield buys on Senator Street.
Interior designers Cameron Howell and Greg Baudoin are turning a Racine Street building into showroom, with plans to develop it into a resource center for the city’s design community.
The Downtown Memphis Commission Design Review Board will review three projects at its Sept. 9 meeting.
The main building includes a 200-seat performance hall and office space. The other part is a studio-apartment building.
With one location in the works, the California-based fast-food chain may have found a second spot in the Memphis area.
The property has 285 lots, 60 of which are unoccupied. Of those, 30 have no homes on them at all while the other 30 have houses that have been vacant for years.
The combined firms have completed more than 100 justice-related projects valued at more than $1.5 billion.
“We need a really nice white-tablecloth restaurant, but not too expensive,” Gill Properties’ president said.
Construction of a gas station convenience store at the former Exxon Hop-In is expected to begin this month.
Also, Montecito Medical Real Estate bought the Conrad Pearson Clinic property in Germantown for $24.5 million, and Birmingham, Alabama-based Hoar Construction has opened an office in East Memphis.
“We have got to come up with some means of keeping our tax base steady and, likewise, growing and developing our city,” the incoming Shelby County property assessor said. “Otherwise, we’re going to look like Gary, Indiana.”
Bass Pro Shops appears to be cutting bait at a very visible location in Northeast Memphis.
The outdoor retailer plans to consolidate its operations Downtown.Related content:
When Memphis-based discount retailer Fred’s Inc. closed its corporate headquarters in 2019, few could have predicted the dated, wood-paneled offices would eventually be replaced by high-tech computer chips.
The building has covered parking and access to the Lichterman Nature Center walking trails, according to property sheets.
The former Cheddar’s Casual Cafe on Winchester Road would give its buyer a large, 2.6-acre lot.
Robert “Prince Mongo” Hodges had an interesting history as a property owner, and some of his buildings are still listed for sale.
The East Memphis shopping center has a new leasing strategy: “dwell time.”
The retail center off Germantown Parkway, which homes Incredible Pizza and The Tile Shop, is a few miles from several other Asian businesses.
The privately owned multifamily investment and property management company just acquired The Ovilla, a 288-unit multifamily community in Red Oak, Texas, for an undisclosed amount.
New owners are one step closer to buying the Central Lofts, a 2.6-acre property down the street from the Memphis Tigers football stadium.
The old Margaritas space in the 153-year-old building across from the Peabody Hotel has new ownership, and a former Kroger building has a new use.
The EDGE board will hear the application at its Aug. 19 meeting at Junior Achievement of Memphis and the Mid-South. Central Lofts owners have entered a purchase agreement for the 127-unit apartment property.
“We do not have any immediate plans for the building and will demolish it for the safety and benefit of our staff, patients and visitors,” a Baptist Memorial Hospital executive said.