Business
Inked: South Main Trek Bicycle closes
Bite Ninja opens, Trek Bicycle closes and Memphis region employment recovers to pre-pandemic levels.
Neil Strebig is a chef turned journalist covering economic development and commercial real estate for The Daily Memphian. He grew up in Pennsylvania and has worked at media outlets including the York Daily Record/USA Today Network and most recently as Report for America Corps Member with Lookout Santa Cruz. He is a graduate of Point Park University in Pittsburgh.
There are 112 articles by Neil Strebig :
Bite Ninja opens, Trek Bicycle closes and Memphis region employment recovers to pre-pandemic levels.
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
The Memphis area saw a 15.5% increase in average sales price last month compared to a year ago, and Whitehaven’s increase was 80%.
The CCRFC approved a six-month extension for the second phase of the $205M Snuff District development project. The first phase is expected to finish by fall 2022.
Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.
Edge District’s mural “There’s More to be Proud Of” set to come down later this month.
New York-based developer Tom Intrator has also secured funding for his separate, $1.1 billion project in the Pinch District.
A new grocery store ready to open in South Main. More funding has been arranged for several development projects in Uptown, Medical District.
“(Ford) has not built an assembly plant in 50 years,” said Herbison, a key figure in the project’s development over the last several years. “And it’s the largest investment they’ve made as a company.”
Memphis’ Hollywood Feed LLC is acquiring a Columbus, Ohio-based pet-supply store.
Adrian Granderson, Joe Johnson and Robert Higgins, all originally from Memphis, opened WKND Hang Suite in the South Main Historic District in 2018.
Capital Square bought the Butler Row property at 509 S. B.B. King Blvd. from Drapac Capital. Construction on the mixed-use project is set to begin later this year.