Renderings unveiled for Nylon Net Building’s replacement
Developers who plan to raze the historic Nylon Net Building have unveiled renderings for the $52.2 million, mixed-use building that would replace it.
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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February 2021
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Real Estate -
Real Estate Developer plans to renovate blighted, vacant apartments near Downtown
Stella Maris Development owner Amin Zaki plans to revive apartments at 1030 Poplar. They’ve been vacant and deteriorating more than five years.
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Spirit of Memphis New retail center may conjure spirit of the hip Bitter Lemon
The commercial lot on the east end of Poplar Viaduct may now be empty, but it’s full of memories for the new owner. Ray Gill of Gill Properties is looking for a way to pay homage to The Bitter Lemon, a hip teenage coffee house that operated there in the 1960s.
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Update
Downtown$56M mixed-use development proposed for Medical District
The development of 270 apartments, 17,500 square feet of retail and a 411-space parking structure would replace the existing First Horizon and IberiaBank branches on Union, between Cleveland and Claybrook.
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Millington NexAir sees demand rise for dry ice, no thanks to Pfizer vaccine
NexAir expected a surge in its sales of dry ice to ship and store Pfizer’s COVID-19 vaccine. That never happened. But the company still forecasts a 16% increase in dry ice sales this year because of the growing demands of e-commerce.
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Real Estate Ho, ho, whoa: Saint Nick seeks to block traffic from Poplar
Residents point to safety concerns and crime in proposing that a gate be erected across Saint Nick Drive to prevent cut-through traffic from using their street.
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Real Estate January home sales rise 11.2%
The average price of houses sold continued to rise also, up nearly 15% compared to a year earlier.
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Real Estate Development of 15 townhomes proposed near Central Station
The townhomes would be built to be sold and rise on a vacant lot at the southwest corner of South Main and Carolina.
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Real Estate Coro Lake area in SW Memphis may get senior-living community
A 21-acre, senior-living community is proposed for a site that was partially occupied by the Coro Lake Elementary School, which was razed four years ago.
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Real Estate The plan: A development of single-family homes for renters
In what may be a first for Memphis, a company called Next Chapter Neighborhoods plans a 167-acre development featuring build-to-suit, market-rate rental houses. The plan calls for 230 houses, plus open space and a commercial district to be built later.
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Premium
Real EstateArtists on dozers: ‘Shapers’ carve new landforms for Overton golf
The people designing the changes at Overton Park golf course — and those on the bulldozers — consider the entire landscape as one big sculpture, not nine different holes with spaces in between.
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Real Estate Arrow Creative finds permanent home in Midtown
The nonprofit organization Arrow Creative will lease 23,000 square feet at 653 Philadelphia, on the northern edge of the Cooper-Young neighborhood.
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Real Estate 3 developments totaling $114M get $28M in tax breaks
The Center City Revenue Finance Corp. approved $28 million in tax breaks Tuesday, Feb. 9, but members were critical of the absence of one of the developers seeking incentives.
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Arts & Culture Clayborn Temple stained glass could capture historic events
The Center City Development Corp. will consider a $50,000 grant to help create new stained-glass windows for Historic Clayborn Temple.
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Real Estate City may buy 100 N. Main for $10.75M, seek developer
The city would seek proposals from developers, but has no preference whether Memphis’ tallest building is demolished or redeveloped.
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Real EstateGoal: Give smallest tax incentives that still spur projects Downtown
Center City Revenue Finance Corp. board members are to review its policies for giving tax incentives. Possible changes may include syncing incentives to existing growth plans, simplifying the policy, and tightening the amount of incentives without slowing development.
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Real Estate Southwind firms, property owners win battle against proposed strip center
The Land Use Control Board also approved a transitional group home in Binghampton for veterans, an attached-townhouse development on Brookhaven Circle, and plans for a used-car lot in Raleigh. The board rejected plans a 35-lot subdivision of container homes in New Chicago.
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Real Estate New developer plans to revive blighted South City building
A new real estate development company plans to transform a blighted, long-vacant commercial structure into retail space and apartments.
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Business Future South Main restaurant getting renovation grant
The Center City Development Corp. also approved financial support for restoring and replacing stained glass windows at Historic Clayborn Temple, and for the restoration and redevelopment of a blighted, vacant commercial building at Vance and S. Fourth.
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Real Estate EDGE moves to help pay for Liberty Park
The EDGE Board approved an “inducement resolution,” and will later vote to authorize issuance of up to $75 million in Tourism Development Zone bonds to help pay for the $125 million Liberty Park.
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Business Downtown leader ‘very confident’ in benefits of mobility authority buying 100 N. Main
The interim president of the Downtown Memphis Commission addressed “the big thing out there,” the proposed purchase by the Downtown Mobility Authority of the empty 100 North Main office tower, parking and adjacent properties. Ray Brown called 100 North Main “an enormous source of blight.”
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Premium
BusinessInterviews to begin in search for Downtown’s next leader
The goal for the search committee is to identify by Feb. 25 a final candidate to become the next president/CEO of the Downtown Memphis Commission.
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Premium
Spirit of MemphisDowntown’s Peanut Shoppe in a crunch to find new home
The pandemic and dropping sales have challenged downtown’s Peanut Shoppe. But now the colorful shop that has operated in the same place for 72 years faces more adversity. It must move or close at the end of the year.
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Business Blair Tower Apartments sold
California entities that share the same mailing address just bought Blair Tower Apartments in the Medical District after already acquiring Highland Row in the University District, the Parkview in Midtown, and Mimosa Gardens and Williamsburg Manor in East Memphis.
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Real Estate Hyatt Centric embraces ‘sights & sounds of Memphis’
The sales director for the Hyatt Centric offered journalists an early, sneak peek of the $75 million, 227-room luxury hotel that is nearly finished at 33 Beale.
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