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 :
MyCityRides has raised about 85% of the $3 million it will spend to establish a new, larger headquarters at 3155 Summer Ave. The nonprofit still must raise about $400,000.
The redevelopment will feature a 20-acre water park, two hotels with 1,168 rooms, a renovated golf course and more.
Junior Achievement sold its two, attached buildings at 299-307 Madison, plus a 25-space parking lot, to ServiceMaster by Stratos. Junior Achievement now occupies a small office at the University of Memphis.
The new Board of Adjustment applications include a business that wants to produce ice cream in Whitehaven, a 3-acre self-storage business in South City and a 10-acre mixed-use development in the Medical District.
Developer Tom Intrator plans to fill a vacant lot in the heart of South Main with a relatively tall, mixed-use building.
Last year was the second-strongest for for industrial real estate ever recorded by Cushman & Wakefield/Commercial Advisors. But in just the first three months of 2021, the net, new space absorbed by users has already reached 68% of last year’s total.
Few people if anybody wanted the demolition of Downtown’s historic Nylon Net Building. But the staff of the Design Review Board gives a thumbs-up to the proposed way that the replacement building would look.
You won’t be able to bet on the $140 million entertainment resort just announced for Tunica, but don’t bet against its success, the co-developer says.
Residents of two East Memphis neighborhoods request that their streets be permanently gated or blocked from two busy streets, Poplar and Highland. But doing so would degrade the connectivity of the city’s street network, the Division of Planning and Development says.
The Design Review Board gets details about “Building G,” a massive structure of 400 apartments, 27,000 square feet of retail, a parking garage and much more.
The Design Review Board approved and heaped praises on the design for the massive Walk on Union mixed-use development. But the board rejected the design for the $43 million 7 Vance Building, saying it might fit in Cordova or the suburbs but not in Downtown’s historic warehouse district.
The number of home sales rose 45% from February and nearly 13% from a year ago. But the stat that affects more people the most – the inventory of homes available for sale – remained low at 1,990.
All the litter showing up in each case file photo was not the focus of the development issues. But Land Use Control Board members took notice and rejected a landlord’s plan to enlarge his rental property in South Memphis.
Carlisle Development responded to the rejection of its design for a $43 million, mixed-use building in a positive, forward-looking way. The co-developers said they plan to “resolve any outstanding design issues.”
Laura Meanwell has worked as an engineer, led a successful campaign to change Germantown school hours, served on civic commissions, and even been a “director of euphoric events.” Now, she has a job that’s unusual for women in Memphis: Industrial real estate broker.
A developer has unusually elaborate plans for a convenience store with gas at the long-vacant corner of Sam Cooper Boulevard and Tillman Street.
The new stayAPT Suites company plans to enter the Memphis market with a 76- or 88-room hotel behind the Commons at Dexter Lake shopping center in Cordova. And it won’t be the last stayAPT in the Memphis area, one executive says.
Construction firms and suppliers describe the effects created by the tight supply and rising costs of lumber and steel.
The ornate Memphis Masonic Temple has sold for $2.225 million, according to the Shelby County Register’s Office website.
Bill Townsend feels he didn’t so much buy a building as a 107-year-old time capsule. He’s already got short-term plans and has discussed long-term possibilities with brg3s architects.
Ubiquiti, a communications technology company, has completed a lease for 161,000 square feet of warehouse space in the Southeast Memphis industrial district.
WLOK seeks a $50,000 grant to beautify its buildings at 363 S. Second. And the owner of the planned Big River Market, a small food/coffee store, seeks a $60,000 grant to help prepare space at the corner of Tennessee and G.E. Patterson.
A Mississippi tree service owner says Steve Harvey’s wife, Marjorie Harvey, told him she had permission to remove the two large magnolias, even though they were on public land.
What do you get when you mix bulldozers with acreage that has been populated for generations? “The opportunity of a lifetime,” says one hobbyist who spent 10 weeks hovering his metal detector over the Overton Park Golf Course.
Sylvamo Corporation, a new spin-off of International Paper, is considering where to put its global headquarters that will create 300 jobs paying $179,000 on average in salaries and bonuses, or $217,133 a year including benefits.