Greater Memphis Chamber travels to New York, shares Bluff City’s story
Chamber leadership met with media representatives in the Big Apple to discuss Memphis’ robust economic development pipeline, as well as the area’s workforce diversity.
Rob Moore
There are 789 articles by Rob Moore :
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July 2023
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Real Estate Owner prepares sale of Eastgate Shopping Center’s office buildings
An affiliate of Gulf Coast Commercial Management, 210 Development bought the 450,000-square-foot office and retail center in 2022 for $49.1 million.
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Real EstateInked: The Edge Lofts move forward; Rumble Boxing comes to Memphis
In this week’s Inked: University Lofts is moving forward in the Edge district, a private shooting range has plans for Cordova, the Highland Strip gets a Red Koi and Rumble Boxing opens its first Memphis location.
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Real EstateInked: Crump Firm expands, St. Mary’s renovation moves forward
The Crump Firm is expanding its presence in East Memphis at the Crescent Center. St. Mary’s Episcopal Cathedral moves forward with a $1.4 million renovation project.
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Transportation & Logistics Southwest launches Memphis-Washington D.C. nonstop service
The airline’s other Memphis destinations are Atlanta, Baltimore, Chicago, Dallas, Denver, Houston, Orlando and Phoenix.
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Real Estate Developers of historic South Main Masonic building seek new incentives
In 2022, AOD Properties was awarded a $60,000 Exterior Improvement Grant from the Downtown Memphis Commission to renovate the building at 154 G.E. Patterson Ave.
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Transportation & Logistics Atlanta company closes on Olive Branch industrial facility
The industrial building, which is fully leased to Barrett Distribution Centers, was delivered in 2022.
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Transportation & Logistics FedEx urges customer action as UPS strike appears likely
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
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Business Local management and finance sector could grow by as much as 5% by 2027
The Greater Memphis Chamber found that the management of companies and enterprises sector saw employment growth of 24% in the last five years.
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Downtown New details of the Downtown Dream Hotel design revealed
Most notably, the eastern portion of the building will consist of a new tower that ties into the original frontage on Main Street.
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BusinessInked: Amro tunes up, Tesla adds charging station
Amro Music first opened shop in Memphis in 1921, surviving the Great Depression a decade later by trading milk and eggs for piano lessons. Today it’s the largest piano, band and orchestra dealer in the Mid-South.
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June 2023
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Transportation & Logistics Memphis airport expects more than 55,000 travelers over July Fourth break
The holiday period is Thursday, June 29, to Wednesday, July 5, with the peak expected to be Friday, June 30, when more than 10,000 people are expected to pass through the checkpoint.
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Transportation & Logistics FedEx shares down as company reports mixed quarter
Revenue for the fourth quarter was a few billion shy compared to the $24.4 billion the company announced in the same quarter of 2022.
Related story:
FedEx to consolidate its Canadian Ground and Express operations
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Transportation & Logistics FedEx to consolidate its Canadian Ground and Express operations
The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors.
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Downtown St. Mary’s Cathedral seeks $25,000 to help restore facade
The cathedral’s structure, which was built between 1889 and 1926 in the Gothic Revival style, is undergoing a $1.4 million renovation.
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Transportation & LogisticsInside the tentative FedEx pilots contract
Overall, the preliminary agreement has a combined $3.8 billion in value, a more than 37% increase from the current contract.
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Business Chemical manufacturer seeks PILOT for its North Memphis facility
PMC expects to create 35 jobs with a base salary of $70,000 and will spend $8 million expanding its building at 1248 Warford St. and more than $39 million for new personal property at the site.
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Real EstateInked: A new road for a $100M cultural center in Eads; developer plans to fill vacant lot
A new housing development project planning to fill a long-vacant lot in the Peabody-Vance neighborhood received a tax incentive from the Downtown Memphis Commission.
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Transportation & Logistics FedEx pilots’ union leadership votes to approve tentative contract
According to the union, the new agreement would provide major pension improvements with alternative pension options, hourly pay rate increases, an amendable period recovery payment and other improvements to pilots’ quality of life.
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Real Estate Citing economic woes, Rise on the Ravine developers seek PILOT extension
“In the time since the PILOT was approved, macro-economic conditions in the real estate industry have not only not improved but have instead deteriorated further,” one of the developers wrote in a letter attached to the extension request.
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BusinessTed Townsend gets down to business
“This is a destination job for me,” said Townsend, who recently celebrated 100 days as the Greater Memphis Chamber’s president and CEO. In that time, Townsend has met with 100 business leaders, attended 44 ribbon cuttings and had a lot of conversations about public safety.
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Business Memphis Chamber CEO lays out plans for economic growth at Mid-Year Chairman’s Forum
Year to date, the Chamber says its efforts have helped land six development projects, including the news that Richardson International plans to invest $220 million to upgrade its Wesson Oil plant in Midtown.
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Real Estate Developers of $75M fairgrounds redevelopment project ask for PILOT
“This project will be one of the largest African American-led real-estate projects in the city’s history since the days of Robert R. Church,” the local developer wrote in the team’s PILOT application.
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Real Estate Midtown landmark could switch from office to apartments
Built in 1965, the building includes 400 parking spaces in a four-story garage and 156,342 square feet of leasable office space in the 10 floors above.
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Real EstateInked: Monster Golf comes to Cordova; Buster’s expands to East Memphis
According to Monster Golf’s website, players interact with animated monsters, which “talk, wiggle and squawk” as players make their way through the course.
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