Reporter
Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.
There are 912 articles by Tom Bailey :
Amazon has quietly started site work atop a hill behind its just-opened fulfillment center at 4055 New Allen Road. The future, 183,000-square-foot facility will be a delivery station that employs about 300.
Amazon is so eager to get the facility built near the southeast corner of I-40 and Appling that the e-commerce giant is – again – not seeking tax breaks or other public incentives that are so common for large-investment, high-employment developments.
U.S. Dist. Judge Mark Norris has rejected a petition by seven Memphis landlords to temporarily, at least, block a federal ban on evictions. But the full case continues in court.
Six experts in Memphis commercial real estate will offer their take on what’s happening during the pandemic and their forecast on what the post-COVID era will be like.
First, Chance Carlisle dropped his plan for an office tower at One Beale. More recently, he scrapped his plan for a tower that would have housed 150 hotel rooms and 240 apartments and condos. Now, he plans to build a 350-room Grand Hyatt hotel that would double as an extraordinary landmark for Beale Street.
A 40,000-square-foot entertainment and arcade venue called High 5 has signed a letter of intent to be at Liberty Park. And that doesn’t include High 5’s planned, 25,000-square-foot miniature golf course.
The Overton Park Conservancy already has raised nearly $2 million for a comprehensive renovation of the historic Overton Park golf course as well as for improvements to its Abe Goodman Clubhouse.
King-Collins Golf Course Design has something of a cult following in the golf world for creating high-quality courses that are fun instead of difficult.
Overton Park Conservancy is asking the public to complete by Nov. 30 a 21-question survey to help guide a new master plan for the park’s east side. The survey is found at www.overtonpark.org/zone1.
Room in the Inn uses the buildings and volunteers of 55 faith organizations to provide emergency shelter to the homeless. Now the organization is about to add a headquarters building and three more emergency-shelter programs.
The founder and chief executive of Commercial Filter said Piperton in Fayette County will offer his company lower taxes and a more stable workforce. Plus, he lives in Piperton.
A company that has been making air filters in Memphis for 30 years is moving and building a new facility in Piperton, just across the Shelby/Fayette county line.
Neither COVID-19 nor the shrinking number of houses on the market prevented home sales in the Memphis area from rising 6.4% in October.
The site is the former home of the historic Collins Chapel Connectional Hospital near the Medical District.
Fleming Architects believes it has met the challenge: Design a $60 million development of 348 apartments, parking structures and 53,000 square feet of retail so that it fits in with Cooper-Young’s older, smaller buildings.
The new owner is filling the place with antiques to open a shop. And instead of running from the building’s X-rated past, he may “lean into it.” But don’t worry, the idea involves whimsical branding, not adult entertainment.
Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.
The bio-services firm commits to creating 561 more jobs that pay $63,749 on average, and to making a $212.9 million capital investment.
Stella Student Spaces has filed for a time extension for the approval it received two years ago to build 472 beds of student housing in an already congested neighborhood just west of the University of Memphis. But the filing does not mean what it appears, a U of M official says.
Chance Carlisle, owner of the Nylon Net Building, says that extensive study by his architectural and engineering consultants make him confident that razing the historic building and erecting new apartments is the right decision to make.
Much of the exterior of Overton Square’s Memphian Hotel is completed.
A site plan for 2847 Poplar shows a commercial building of more than 7,000 square feet and 36 parking spaces.
Archimania won seven awards and brg3s added another to give Memphis yet another strong showing in the statewide 2020 design awards of the Tennessee Chapter of the American Institute of Architects.
The CME Church has dropped plans to turn its historic, long-vacant Collins Chapel Connectional Hospital property into a skilled nursing facility. Now the church plans to lease the space to Room in the Inn, which will provide shelter, meals and some medical care to the homeless.
Museum’s leadership expresses confidence it can a meet a proposed city deadline: Within two years, add $13 million to the $12 million it has already raised to make Overton Park its new, expanded headquarters.