Construction starts on Summer Avenue Chick-fil-A
The popular restaurant has a ground lease for the 1.25-acre site where the old Grimes Memorial United Methodist Church buildings were razed.
Tom Bailey
Reporter
Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.
There are 1216 articles by Tom Bailey :
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January 2021
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Real Estate -
Real Estate Another historic Pinch building threatened, this time by fire
A fire early Saturday morning heavily damaged a 120-year-old building in the historic Pinch District.
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Real Estate Central Yards receives tax incentive
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.
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Food News Staks Pancake Kitchen headed to Southaven’s Silo Square
Silo Square is to comprise 13 mixed-use buildings, 305 single-family housing lots, six retail outparcels, a bank outparcel, two hotel sites, three office buildings, a 2.6-acre farmer’s market, 10 acres of apartments, and 64 acres of green space.
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Real Estate Memphis Realtors sold more houses during year of COVID-19 than in 2019
The number of houses sold in December rose 10.7 percent compared to a year earlier. And for the entire pandemic-plagued year of 2020, house sales still climbed slightly.
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Real Estate Shop for fitting clubs to golfers opens in East Memphis
Club Champion opened its Memphis studio on Saturday, Jan. 9. The business custom fits golf clubs to golfers of all levels. The East Memphis shop is the company’s second in Tennessee and 76th in the nation.
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Real Estate Developer wants to front U.S. 64 in Eads with apartments
Sterling Development of Indiana plans a 260-unit, $25 million apartment complex near the southeast corner of U.S 64 and Reid Hooker Road.
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Real Estate Tesla may be charging toward Memphis
A veteran Memphis real estate broker says he believes Tesla is coming to Memphis soon. The broker represented the seller in a transaction this week involving the former — and now vacant — Homer Skelton Wolfchase Hyundai dealership property at 3020 N. Germantown Parkway.
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Real Estate Commercial center proposed near TPC Southwind
A developer seeks to change a planned development to build a 22,490-square-foot commercial center at the northeast corner of Hacks Cross and Sedgwick Way in Southwind.
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Real Estate Townhouses proposed for Brookhaven Circle
A property owner has applied for a planned development called Brookhaven Townhomes at 786 E. Brookhaven Circle in East Memphis. The three-story units, each 2,300 square feet, will be sold instead of leased, and each will have a two-car garage and rooftop deck.
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Real Estate Record-smashing 2020 reflects demand for industrial space in Memphis area
When you add all the industrial space leased during 2020 and subtract the new vacancies, the Memphis area experienced a net positive absorption of more than 12 million square feet. The vacancy rate fell to 5%, and 12 million square feet of more space is under construction.
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Real Estate Dental-supply firm sinks teeth into Memphis, buys building
Crown World this week followed through with its plans for Memphis after receiving a tax incentive in December. The firm has bought the long-empty office building at 2990 Airways and will establish operations there.
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Real Estate Ollie’s coming to Dyersburg
Ollie’s has two Memphis locations, one in the Wolfchase area and the other in Southwind’s Centennial Commons shopping center. Both are in former Toys R Us buildings,
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Financial Services Lipscomb & Pitts becomes part of a larger insurance company
Memphis-based Lipscomb & Pitts Insurance is now a Higginbotham company, but will continue to operate as “Lipscomb & Pitts.” The two co-chief executives, Mat Lipscomb III and Johnny Pitts, have been named managing partners by the Fort Worth-based Higginbotham.
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Real Estate Gregory Realty buys 7 retail centers from American Properties
The firm buys a portfolio of seven retail strip centers, including four in the Memphis area.
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Real Estate Canadian firm buys Olive Branch industrial building
The Quebec-based Quint Group paid $8.75 million to Illinois-based Agracel Inc. for a 258,000-square-foot industrial building. Kemp Conrad, a principal with Cushman & Wakefield/Commercial Advisors, will represent Quint Group in leasing the building.
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Food News Extra $5,000 grants available for COVID-affected restaurants, grocers
The EDGE board approves more grant money for restaurants and grocers that are affected by the pandemic and the latest restrictions.
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Real Estate Central Yards project seeks $23M tax incentive
Even with the tax-break incentive, Central Yards would still generate $7.7 million more in local tax revenues over 20 years than the same property would generate without the mixed-use development, according to the Downtown Memphis Commission.
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Real Estate Probiotic pair grows commercial kitchen, other entrepreneurs
OtherFoods Kitchen now serves 25 small businesses that make everything from take-home meals to bagels to gluten-free dog treats. The shared commercial kitchen rents its facilities by the hour, allowing startup businesses to avoid big overhead costs.
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Real Estate Underberg remembered for his Class A character in commercial real estate
He first founded The Furniture Center, then acquired a substantial amount of commercial real estate through his American Properties Co. No matter the deal, Ronnie Underberg wanted both sides to feel good about the transaction.
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Update
Real EstateCarlisle envisions a defining development for East Memphis, if stakeholders want that
The 9.3-acre site, now cleared by demolition, sold for $7.7 million to RCM Devco LLC, which lists developer Chance Carlisle of One Beale as its agent.
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Real Estate Designers share vision for Overton golf on walking tour
So far, $2 million of the $2.5 million goal has been raised to rebuild Overton Park golf course and renovate its Abe Goodman Clubhouse.
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December 2020
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Real Estate Commercial space, townhouses planned for Cooper-Young
The firm’s plans for 2197 Central is just a block east of a much larger mixed-use development that is planned by another developer.
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Real Estate New retail building coming to East Memphis
Construction could start by March on a new retail building on Poplar at Humes, just east of the Poplar Viaduct.
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Real Estate Lamar Ave. funeral home seeks second cremation furnace
A funeral home on the recently down-zoned section of Lamar wants to add a second cremation furnace, but now must seek a zoning variance to do it.
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