Real Estate
Father and son team aim to transform building near Medical District
A two-story commercial building at the seam of Central Gardens and the Medical District will soon become 18 units of luxury apartments.
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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July 2020
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Real EstatePandemic boosts Memphis-style industry: Distribution
Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it.
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Real EstateProposed C-store on Broad draws 93 opposition emails
Opponents' reasons can be grouped into about 10 categories, from traffic congestion to environmental concerns over underground gas tanks. Still, the Office of Planning Development has recommended the C-store be approved because the area around it has become more commercial. But now the case may be delayed until late August.
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Real EstateAmazon locating sixth Memphis-area facility in Horn Lake
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
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Real Estate 210 units for Nylon Net Building, Oakhaven warehouse approved
The current plan for the adaptive reuse of the Nylon Net Building is to build 199 apartments and a two-level parking structure with 230 spaces.
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Real Estate New Downtown grant would help with pre-construction costs
The proposed "Pre-Development Assistance Grant" would provide up to $5,000 for such costs as marketing studies, architecture, engineering and environmental assessments.
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Real EstateC-store/gas stations fuel American dream for hard-working couple
Rooziman and Nighat Shah have just bought 45 acres at Hacks Cross and Shelby Drive, with plans to build a convenience store/gas station as well as a 16,000-square-foot shopping center on the corner. They own more than 100 C-stores in and around the Memphis area.
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Real EstateMLGW pole blocks Grind City from opening taproom
Owners have spent nearly $11 million building Grind City Brewery Co. near Uptown. They are frustrated that the taproom's opening has been delayed for months while they wait for MLGW to move a power pole from the middle of the access drive.
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Real EstateBig warehouse near FedEx home office, TPC Southwind is sold
A South Carolina real estate investment firm just bought the Southwind area's 817,000-square-foot warehouse that had been used for decades by Nike.
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August 2020
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Real Estate Apartments with a crust of retail proposed next to Gus’s chicken
The $30 million project would renovate and convert a 120-year-old warehouse at Front and Vance, create 165 apartment units, 10,000 square feet of commercial space, and 100 parking spaces.
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Real EstateRevisions made to proposed Broad Ave. convenience store/gas station
The latest proposal more tightly controls traffic flow and aspires to blend better with Broad's old buildings. But the opposition leader says the development would still be an unwanted gas station.
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Financial Services Indigo Ag raises another $360M from investors
Start-up Indigo Ag, with its North American commercial operations headquartered in Downtown Memphis, continues to raise investor funding, but has a goal to become self-sufficient by the end of this year.
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Real Estate Senior living planned for part of Windyke Country Club property
The proposed senior living facility would be on 14 acres and would not affect golf at Windyke Country Club.
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Health Care Bartlett medical-device maker to invest $13M, add 60 jobs
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
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Real EstateWork starts on Freddy’s in East Memphis
The Wichita, Kansas-based chain first opened a Freddy's in the Memphis market in 2017, and now operates three restaurants in the area.
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Real EstateThe Walk replaces ‘Union Row’ for big development’s branding
Union Row's new name reflects Downtown’s walkability, emphasizes action over talk (walking the walk), and focuses on people, the developer says.
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Real EstatePlans for convenience stores with fuel pop up across Memphis
The Land Use Control Board in September is to consider applications for three convenience stores with gas, plus a truck stop. And those are hardly all of the proposals floating about.
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Real Estate Memphis-area home sales rise a ‘pretty remarkable’ 1.9% in July
Following the early shock of COVID-19, the positive July sales reflect acceptance of a "new normal'' in the local real estate market, one Realtor believes.
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Real Estate The Walk, formerly Union Row, seeks different tax incentives
Developers cite the economic effects of the pandemic in seeking different and new tax incentives. The first phase of the development is estimated to cost $741 million.
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Real Estate Poplar Plaza’s proposed redevelopment concerns neighboring Red Acres
Concerned about increased traffic and building height, the Red Acres Neighborhood Association has asked for a delay in plans for redeveloping part of Poplar Plaza for both apartments and retail.
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Real Estate Downtown agency approves changes in how public money will help build The Walk
The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project.
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Real Estate The Ravine is about to take shape
Construction is to start next week on the $1 million Phase I. The sunken, two-block-long former rail spur will become a space for gathering, entertainment, dining, playing and shopping in the Edge District.
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Real Estate Paper & Clay plans move to South Main, seeks renovation grant
The maker and retailer of modern-design ceramic products is growing and needs more space. Paper & Clay will move into a building vacated by the closing of Bumpus Harley-Davidson on South Main.
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Real EstateCity prepares to sell huge property in heart of Midtown
Developers will have a rare opportunity to buy 4.5 acres with 100 yards of frontage on Union Avenue. But in seeking bids, city officials say they want the "best" use, not simply the highest dollar amount.
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Real Estate Planning board approves Poplar Plaza redevelopment despite Red Acres’ privacy, traffic concerns
Owner Finard Properties plans to demolish the two buildings anchoring Poplar Plaza’s most prominent corner, at Poplar and Highland, to build mixed-use structures.
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