Business
Consumer outlook on Memphis economy is improved, with reservations
While their outlook on the economy is improved from a year ago, Memphis consumers appear hesitant about spending, a likely result of price increases linked to inflation.
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While their outlook on the economy is improved from a year ago, Memphis consumers appear hesitant about spending, a likely result of price increases linked to inflation.
The tower at 114 N. Main sits at the corner of Adams Avenue and North Main Street. It shares the block with the Fire Museum of Memphis.
Dominique Worthen owns the shop in The Gilmore building in Midtown. Customers, who include Grizzlies legend Tony Allen, are a mix of hard-core sneakers enthusiasts and folks who just want their shoes restored.
The goal is for the granite skyscraper to eventually become mixed-use, with restaurants and some commercial real estate, but primarily residential, said Jacob Sofer of N.Y.-based Madison Realties.
The Downtown Memphis building once known as Raymond James Tower will become the Memphis Waterfront Tower, with more than 300 apartments.
Focal Point Investments also developed the mixed-use building at 999 S. Cooper St. in Midtown Memphis.
Downtown Nutrition + Energy will be based on the business model of The Nutrition Hub, which is located in Germantown.
The green space near Poplar Avenue and Manassas Street serves as a gateway between the Medical District and Victorian Village, and as a haven for people experiencing homelessness.
The heavy-duty HVAC supplier is also considering moving its Memphis facility to North Mississippi.
At its meeting Thursday, the board accepted requests for omission, including the Overton Square, Broad Avenue and Coro Lake areas to allow for further study. Design firm one step closer to moving into Annesdale mansionRelated story:
After hearing from neighbors of the former residence on Lamar Avenue, the Land Use Control Board allowed the design firm to go forward with its request, but stipulated it must monitor the noise generated from live events at the space.
Members of Annesdale-Snowden Historic Neighborhood have expressed concern for the continued use of the mansion as an event space.
This year, the annual Chick-fil-A 5K benefitted My Town Miracles, which provides financial assistance to low-income families.
While some small local businesses struggled throughout the pandemic, 901 Comics saw record sales. This summer, owners Shannon Merritt and Jaime Wright opened a second location, 901 Comics East.
Proposals include known names like Chance Carlisle and Tom Intrator, as well as ones new to Memphis like Aaron Mesner of Block Real Estate Services.
Developers of Orleans Station, the proposed 10.2-acre mixed-use development in the Medical District, have the go-ahead to begin exterior renovations to the shopping strip that once housed the Trolley Stop restaurant.
The period for bids on Memphis’ tallest building is over, culminating in 11 offers.Related story:
The group intends, if its bid is accepted, to invest around $267 million to revitalize one of the city’s most alluring pieces of commercial real estate.
The Starbucks will be built near the Aldi grocery store.
The East Memphis shopping center will become Bayer’s third asset in Shelby County.
The Cascades will resemble developments like The Lake District in Lakeland and Silo Square in Southaven, a broker with the project said.
Vacation Express brought the popular flights from Memphis to Mexico back this summer, following a year’s absence due to the pandemic.
The redesign at The Westin, which started in 2016, includes all guestrooms as well as the lobby, exercise facility and 9,000 square feet of meeting space.
Current zoning allows for 60 dwelling units per acre, and 18 Main’s development plans call for 133 dwelling units per acre.
A Florida-based developer wanting to build a 92-unit multifamily apartment complex in the University District is one step closer to doing so.