Texas company investing $9M in new Memphis facility
The company plans to create more than 200 new jobs in engineering, administrative and production, enabling it to support its client base in the Southeast.
Sophia Surrett
There are 394 articles by Sophia Surrett :
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October 2024
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Real EstateInked: Best Wash Laundromats plans dozen or more locations
St. Louis-based Best Wash Laundromats expands presence in Memphis, Frager Law Firm signs a lease in East Memphis Crye Leike building, and a new tenant in The Shops at Rock Creek in Cordova.
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Food NewsFood Files: Boba Boba Life, Pearl’s Coffee a yes; Taco Cabana a maybe
Boba Boba Life is open, and Taco Cabana is considering expanding to Memphis. Pearl’s Coffee & Tea House is opening on Peabody next to Kura House.
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Real Estate XAI approved to lease 552 acres in Southwest Memphis for expansion
XAI is set to lease a site via CTC Property LLC, a California LLC affiliated with the Elon Musk company.
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Business National Association of Realtors speaker: Economy has ‘bottomed out’
Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors, gave an update about commercial real estate on national and local levels.
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Business Economic Development Growth Engine receives national recognition
EDGE received the “Outstanding Local Development Finance Agency of the Year” award from the National Council of Development Finance Agencies.
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Real EstateInked: Medical building sold for more than $9 million
A medical office building fully leased by Baptist Medical Group has been sold. Plus, Ameriflo has a new global headquarters.
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Food News Kellie’s Deli to fill quick-food niche for Downtown
The deli will provide hot sandwiches, salads, soups and grab-and-go items on weekdays from 11 a.m. to 8 p.m. at the former Big River Market space at 516 Tennessee St.
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Real Estate Bonds approved for Sheraton Memphis Downtown, AutoZone Park, 100 N. Main
A DMC board approved bonds to loan Memphis the millions needed to buy and maintain the Sheraton Memphis Downtown hotel, renovate AutoZone Park and update the 100 N. Main parking garage.
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City of Memphis City of Memphis wants to buy Downtown Sheraton for $22M
Memphis Mayor Paul Young said the city wanted to find a creative way to redevelop the hotel in an interview Monday, Sept. 23.
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FoodFood Files: Zinnie’s reopened, DWJ Midtown closed
Zinnie’s is back open with a new look and menu, Newk’s is targeting the Memphis area for three additional stores and Second Street Taco & Tequila and DWJ Midtown have closed.
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City of MemphisXAI plans to lease 552 acres for Memphis expansion
A person familiar with the matter said the land would be used for future development for xAI and allow the company to build on its ongoing momentum in Memphis.
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Real EstateInked: The Daily Memphian in Clark Tower
The Daily Memphian will have a permanent office, and Red Door Wealth Management gets a space, too. Plus, a fully leased Collierville building is up for sale.
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September 2024
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Business Local executive to help grow Louisville-based engineering firm in Southeast
After more than a decade working in his family business, Allworld Project Management, Brent Hooks has been tapped to spearhead the regional expansion of Louisville, Kentucky-based Cornerstone Engineering.
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Food NewsFood Files: Wine bar moving into Maximo’s on Broad’s space
Also, Staks Kitchen will have an Arlington location, and Scooter’s Coffee is adding multiple locations across the region.
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City of MemphisHospitality experts say without convention hotel, it’s lights out Downtown
The Renasant Convention Center’s general manager said the convention center would be “like a racecar without wheels” without the hotel.
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Real EstateInked: Plastic surgery group moves to Baptist Hospital
Also a home-theater store opens in East Memphis, a Southeast Memphis warehouse has been bought and Amazing Lash Studio is moving to Poplar Commons Shopping Mall.
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Food NewsFood Files: Cxffeeblack in Hyatt Centric, Salata looking at Memphis
Cxffeeblack is now serving its coffee at the Hyatt Centric on Beale, Salata Salad Kitchen looks at Memphis for expansion and Uncle Goyo’s reopens.
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Downtown Eco-friendly reno planned for One Memphis Place
Also: Coworking space for lawyers is coming to Downtown.
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BusinessActive PILOTs created or retained 39,000 local jobs
An update to the EDGE board Wednesday suggested collective wages from companies with PILOTs is around $6 million annually.
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Real Estate ‘Last missing piece’ of Edge District gets funding
The former Murdock Printing building at 430 Monroe Ave. is one of four projects tapped for local grants.
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Downtown 100 N. Main to get upscale Marriott hotel
The hotel selection and design have pushed the project timeline back from the end of 2027 to early 2028.
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Real EstateInked: New tenant in Brookhaven Circle, a market in Cordova, more
Also, an industrial outdoor storage lot has been leased.
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Real Estate Main Street mixed-use and N. Bellevue Boulevard housing approved
The N. Bellevue Boulevard development takes its inspiration from Uptown’s Malone Park Commons.
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Real Estate 100 N. Main developers reach a ‘compromise’ to purchase site for less
The project is now expected to cost $38 million more than original estimates, and the Downtown Mobility Authority may commit additional support to ensure the redevelopment moves forward.
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