Real Estate
Inked: Bath & Body Works coming to East Memphis; Woodspring Suites sold
Plus, Gloss Nail Bar signs final lease, fully booking a Germantown shopping center.
There are 511 articles by Sophia Surrett :
Plus, Gloss Nail Bar signs final lease, fully booking a Germantown shopping center.
The Downtown Memphis Commission’s anti-blight committee files lawsuits against blighted properties in Memphis that are inhabitable. The DMC said the litigation is the effective, but “last resort.”
The report uses data from 2019 to 2021 to compare Memphis to peer cities using 31 indicators in three categories: economic foundation and stability, economic enablers for growth and economic outcomes.
Also: Memphis’ first Waldo’s Chicken and Beer is now open and Plant Based Heat Express is making some changes at its Downtown location.
Collierville office building sold for $1 million, a Memphis retail center sold for $950,000 and Germantown Center has a new tenant.
Chick-fil-A Uptown construction is moving forward, Villa Castrioti is expanding to Nashville, JamRack is now open and Belltower Coffee is serving food at Shelby Farms Park and introducing a membership program.
A new mixed-use luxury hotel development has been proposed, including a 191-room hotel, a 65-unit condominium, a restaurant/bar, retail space and a parking garage.
Ohio-based Cleveland Construction co-hosted an outreach event at the Springhill Suites Downtown Wednesday, May 22, to find subcontractors for Memphis’ tallest tower.
The 210-unit apartment building is phase one for the $100 million development planned by Carlisle Corp.
Easy Divers Memphis is leaving Walnut Knoll for another Cordova location, and Professional Allied Health moves to Raleigh.
“Huge increase in April sales from last year,” said Memphis Area Association of Realtors President Scott Bettis in the report. “There was also a sizable jump from March, and we’re now up more than 10% in sales for the calendar year.”
Crosstown Concourse announced in a release on Monday, May 20, that a new restaurant highlighting Vietnamese culture and cuisine will take over the Wolf River Brisket space, which concluded its operations on Sunday, May 19.
Several restaurants have opened in Memphis this week, including a “breakfast, lunch and brunch spot,” a high-end Mexican restaurant, a Taiwanese-style bakery and something new in the old Local on the Square.
The Economic Development Growth Engine approved a loan to Chef Christopher Beavers, who is reopening his restaurant The Grilled Asparagus.
“I didn’t want to leave,” said owner David Acklin. “That building is beautiful to me, the best in Memphis. I’ve had it for 20 years. I ran with it for as long as I could. I’ve fought and done everything I could to stay there.”
Filmmaker Miroslav Mitic is opening the Dream Magic Daily Market on the ground floor of the Exchange Building.
John’s Creek Shopping Center has a new tenant and Rejuvenate 901 is relocating to Collierville.
Red Lobster mulls bankruptcy while closing 48 locations, including the one on Winchester Road.
Ramblin’ Joe’s is opening more locations, New Orleans-based coffee roasters to serve Hustle & Dough and Chicken Salad Chick to be built in Millington.
The company, which has been under Chapter 11 bankruptcy protections since last year, is still struggling to pay off its creditors.
The Land Use Control Board approved a 124-room extended stay hotel, more homes for Waverly Plantation in Millington and a new 14,000-square-foot mixed-use development in Cordova.
A Cordova strip mall is 100% leased, Boutique Magnolia is relocating to a bigger space in The Shops of Wolflake in Bartlett and two multifamily buildings have been sold.
The apartment complex at 645 N. Front St. is part of the $75 million second phase of the 65-acre mixed-use development. The project was launched in 2016 to turn an abandoned industrial park in Uptown into a thriving neighborhood.
Centennial Place Shopping Center is up for sale, Trinity Ridge Business Center and Clark Tower have new tenants and Mi Escuelita doubles its space.
Tennessee’s first-ever Playa Bowls opens in Memphis, Itta Bena and B.B. King’s Blues Club are renovated, and Central Station Memphis adds a Conductor’s Club.