Real Estate
Inked: Performance Food Group, Hyatt Caption update
Scannell is preparing the site for a 150,000-square-foot build-to-suit warehouse for Performance Food Group.
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Scannell is preparing the site for a 150,000-square-foot build-to-suit warehouse for Performance Food Group.
Over the course of the 12-year payment-in-lieu-of-taxes agreement, the increase in taxes generated by the project is estimated at more than $3 million.
“There’s demand, and we couldn’t have a stronger signal for investors that this is the place to invest,” said Apryl Childs-Potter, chief marketing officer with the Greater Memphis Chamber.
“Getting this property was a godsend because it came at just the time when we needed it,” said Alpha Omega Veterans Services Executive Director Cordell Walker. The nonprofit acquired the former Marine Corps Reserve Center at 3114 Jackson Ave. through a federal grant process.
‘We can do green, we can do pink, we can do red, we can really do anything,’ Shane Soefker said of Clark Tower’s new lights. ‘We’ll have lots of opportunity to do different things with different holidays and initiatives.’
FedEx Express, a subsidiary of FedEx Corp., plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, with plans to reach 100% by 2030.
According to Cushman & Wakefield/Commercial Advisors, total new direct leasing activity for 2021 topped 19 million square feet.
A new multifamily building planned for 220 S. Claybrook St. could offer more housing options for a growing Medical District.
The automotive campus at Blue Oval City should start manufacturing the all-electric pickup truck by 2025.
At a meeting Wednesday, Jan. 5, local artists’ colorful image for the Hyatt Centric — on a concrete wall facing the intersection of Beale and Wagner streets — will be considered.
Butler Row would span more than 2 acres, including the intersection at East Butler Avenue and B.B. King Boulevard.
In September, during a formal announcement at Shelby Farms Park, Tenn. Gov. Bill Lee referred to Ford’s decision as the “single-largest investment in Tennessee history.”
The folks at cnct. development say infill projects are as important to revitalizing the Edge District as larger projects like Orleans Station and The Ravine.
The rapid shift from physical to digital created a need for services that can aggregate the data and distribute it for consumption, which is where Connect Music found its opening.
A 120-year-old office building is moving forward with renovations, a new wine merchant is coming to the Edge District and Memphis may get a pOpshelf.
“I’ve always thought the megasite would be a moving target,” said Kent Ritchey. “I wouldn’t be surprised if it pushes $500 million.”
“It’s my belief that the future of Downtown is one that’s inclusive,” Young said. “When I say inclusive, I mean diverse businesses, diverse residents and diverse experiences. The food, the music, the culture. That’s why Memphis, and its future, is unique.”
Construction is underway for a Whataburger in Southaven at the corner of Goodman Road and Airways.
Both private and public development have come to the Memphis Medical District.
Beverly Robertson, president and CEO of the Greater Memphis Chamber, often touts what she calls Memphis’ four R’s: road, rail, river and runway. Now, she says it’s time to add a fifth: research.
Until the new president can be nominated and confirmed, EDGE chose to appoint a vice president to handle certain day-to-day and administrative functions.
What to do with shuttered big box stores, and an update on the planned mixed-use development at the former Union Avenue police station.
“Expanding docks to accommodate more businesses to bring more visitors to Memphis could only be a great thing,” said President and CEO of the Downtown Memphis Commission, Paul Young.
“Even with the market slowing a bit during the holidays, like it always does, the numbers are still strong,” MAAR president Cassandra Bell-Warren said in a statement released Monday, Dec. 13.
The WHO and St. Jude first collaborated in 2018 when St. Jude committed $15 million for the creation of the Global Initiative for Childhood Cancer.