Real Estate
Inked: Binghampton plans sculpture park; ‘Cowboy Church’ requests variance
Carpenter Art Garden wants to lease land from the city, while Calvary Church wants to teach kids to ride horses.
Rob Moore
There are 762 articles by Rob Moore :
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July 2023
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Real Estate Mixed-use project at Cycle Shop property gets $35M investment
The restoration of the Cycle Shop itself is nearly complete, with the expected groundbreaking for the multi-family element of the project set for early 2024.
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City of Memphis MATA’s next service update includes change to Lauderdale Route
An analysis of transit ridership patterns, economic factors and community feedback is guiding MATA’s decision making.
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Transportation & Logistics One member of FedEx board of directors resigns, another won’t run again
V. James Vena, who only served on FedEx’s board for one year, has resigned. Kimberly A. Jabal will not stand for reelection.
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Transportation & Logistics Closure of trucking giant Yellow could impact more than 500 local jobs
Yellow has not formally announced its closure, but a representative of Teamsters Local No. 667, which represents 4,000 local workers, said the company going out of business would affect about 550 of its members.
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Ford Megasite BlueOval SK hiring; workers to make $21 to $29 per hour
Working with third-party consultants, BlueOval SK conducted wage and benchmarking studies to determine employee pay and benefits.
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August 2023
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Real EstateInked: Mobility Center opens; Spirit Halloween prepares for fall
Nearly three years and $40 million later, the Downtown Mobility Center will open Thursday, Aug. 3.
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Business HVAC manufacturer to invest $18M in Memphis expansion
RedDot said Tuesday that the new project will result 50 new jobs in Shelby County.
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Real EstateInked: FedEx World Hub is expanding and so are Dunkin’ and Starbucks
Located at Memphis International Airport, the World Hub will include both office space and “state-of-the-art package sortation infrastructure.”
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Real Estate Affordable cottage community planned for Uptown
The project “increases Downtown housing options and diversity of offerings by adding unique cottage-style housing product to the market,” according to a report from the Downtown Memphis Commission.
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Transportation & Logistics FedEx CEO to earn a new base salary of more than $1M
The increase will bring Raj Subramaniam’s base salary, first set in 2022 months after he took leadership of the company, from $1.3 million to $1.45 million.
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BusinessCo-living community planned for historic Cycle Shop property
Memphis’ Tomorrow Building will be six stories tall with 108 residential units and ground-floor retail space.
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Real Estate 100 N. Main team requests $5M internal demolition loan
The Downtown Memphis Commission recently approved $7 million for the developer to begin the process of removing debris and hazardous materials from the building.
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Real EstateInked: East Memphis company expands; Beale Street Trolley Station reopens
American Residential Services says it will invest $2.75 million to expand its headquarters operations in East Memphis.
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Business Fleming Architects rebrands as FourFront Design, adds partner
FourFront announced on Tuesday, Aug. 22, the addition of a fourth partner, Michael Winter, to its leadership team.
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BusinessMemphis’ Muggin’ and Archd are among small-business winners
Both businesses are in the midst of physical expansions, Muggin’ in Uptown and Archd in Downtown.
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Real EstateInked: Chickasaw Gardens wants gates; city has plans for drive-in
The Chickasaw Gardens Homeowners Association wants to add gates on two roads leading into the neighborhood, which is located north of Central Avenue near the Memphis Museum of Science and History.
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Transportation & Logistics Electric-vehicle manufacturer launches production in Tunica
A California-based electric vehicle manufacturer is now producing EVs in Tunica.
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Real EstateInked: New truck parking facility planned; Spaces moving into 107 S. Main
Riggy’s hopes to provide greater truck parking and storage solutions to the logistics industry, including its facility planned for South Memphis at 5178 Citation Drive at East Holmes Road.
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Transportation & Logistics Memphis International expecting 45K+ travelers Labor Day weekend
The peak day is expected to be Friday, Sept.1, when more than 10,000 people could pass through the checkpoint.
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September 2023
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Real EstateInked: Bakery planned for historic church; ex-Commercial Appeal HQ may split
According to a conditional-use permit filed recently with the Board of Adjustment, the owners of the 10,000-square-foot building at 1663 Autumn Ave. want to build 10 apartment units within the building.
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Real Estate Dermon Building could become a Holiday Inn Express
The development project would add 150 new hotel rooms Downtown and provide on-site parking at a nearby facility.
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Business International Paper planning succession of CEO Mark Sutton
IP announced Wednesday, Sept. 6, a request from its chairman and CEO Mark Sutton to the company’s board of directors to begin looking for his successor.
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Midtown Historic Ashlar Hall could reopen as event space
Designed and built by prominent real estate developer Robert Brinkley Snowden in 1898, Ashlar Hall has been in a state of limbo for years.
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Transportation & Logistics Latest FedEx layoffs affect ‘small percentage of IT and finance positions’
FedEx has been battling market softness in the face of rising inflation.
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