Sylvamo focused on Memphis for its global headquarters
Executives of the printing paper-making company that is spinning off from International Paper expect to decide by October where to put their global headquarters.
Tom Bailey
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 1106 articles by Tom Bailey :
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April 2021
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Neighborhoods Strong arm: Muscular poles replacing wire that holds Memphis traffic signals
A nearly $3.4 million project is underway to install “mast arm traffic signal poles” at a dozen intersections along a six-mile stretch of Jackson Avenue. The city will place mast arms at more intersections as funding allows.
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Downtown Carlisle adds brick, other changes to 7 Vance design
The Design Review Board will meet in a special-called meeting Thursday, April 22, to judge whether a revised design for the 7 Vance Building fits in South Main’s historic warehouse district.
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Business New firm could put global headquarters in Memphis
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.
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Midtown ‘Dirt fishing': Old golf course shows its mettle
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.
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Downtown River Parks: Unauthorized bluff tree-cutting was ‘vandalism’
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.
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Downtown WLOK, Big River Market seek Downtown grants
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.
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Business Company founded by Grizzlies’ Pera leases Memphis warehouse space
Ubiquiti, a communications technology company, has completed a lease for 161,000 square feet of warehouse space in the Southeast Memphis industrial district.
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BusinessNew owner describes plans for Masonic Temple building
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.
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BusinessDowntown’s historic Masonic Temple building is sold
The ornate Memphis Masonic Temple has sold for $2.225 million, according to the Shelby County Register’s Office website.
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BusinessConstruction takes longer, costs more as supplies grow scarce
Construction firms and suppliers describe the effects created by the tight supply and rising costs of lumber and steel.
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East Memphis StayAPT enters Memphis market with extended-stay Cordova hotel
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.
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Midtown Proposed Binghampton business includes ‘multi-architectural’ features
A developer has unusually elaborate plans for a convenience store with gas at the long-vacant corner of Sam Cooper Boulevard and Tillman Street.
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BusinessIndustrial broker: Real estate agent engineers a rare career
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.
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Business 7 Vance Building developers: ‘Failure is not an option’
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.”
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Business Planning board sees litter, rejects apartment expansion
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.
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Business Number of houses for sale rises, but by less than 1%
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.
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Downtown Board approves designs for The Walk and Clayborn Temple, rejects 7 Vance
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.
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Downtown ‘The Walk’ steps up with first design submission
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.
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East MemphisTwo East Memphis neighborhoods want to block through traffic
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.
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BusinessDeveloper calls Tunica nongaming resort a good bet
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.
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Business Design board staff likes new building coming to historic site
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.
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Business Industrial property gets even hotter
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.
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Downtown NY developer proposes 5-story building on S. Main
Developer Tom Intrator plans to fill a vacant lot in the heart of South Main with a relatively tall, mixed-use building.
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March 2021
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Downtown Ice cream business, self-storage, Orleans Station among new zoning cases
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.
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