A possible conversion of the Raymond James Tower to primarily apartments is a decision the owner is basing on market conditions, he tells The Daily Memphian. Right now, there just aren’t enough office prospects to fill the 185,000-square-foot void left when Raymond James and Associates departed for offices in East Memphis.

It was an inspiring week, as Memphians celebrated the launch of St. Jude Children’s Research Hospital employee Hayley Arceneaux into space and remembered the brash cotton merchant Billy Dunavant, who died at age 88.

Arceneaux, a St. Jude cancer survivor, joined three other non-astronauts on a SpaceX flight into orbit, circling the planet for three days before splashing back down to Earth on Saturday.

Dunavant was remembered in a private memorial service on Saturday. He redefined the industry, breaking into the China market and making it one of the world’s largest consumers of U.S. cotton while becoming the voice everyone in the cotton trade listened to.

But Dunavant was much more. His philanthropic spirit is seen in sporting and other facilities across the city and will pay dividends for the city he loved for decades to come, as chronicled by Jane Roberts and Don Wade.

Find more business news from across the metro area below and check out the new hires and promotions in our market in Movers & Shakers. – Terry Hollahan, business editor.

Thanks for joining us for the latest business updates. If you’re a Daily Memphian subscriber, we appreciate your support. If not, consider signing up for unlimited access to quality, locally produced journalism.

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.

At 7:02:56 Central Time Wednesday, a 29-year-old Memphian named Hayley Arceneaux rocketed Memphis and St. Jude Children’s Research Hospital into space.  By Geoff Calkins

“He always wanted the best people to take care of his business. You know what? If you get the best people, you don’t have to worry about execution. He knew that if we executed, we would get another opportunity,” son Bill Dunavant said. By Jane Roberts

The Daily Memphian has become the largest digital-only, local news site in the country. Being the biggest was never our goal. We just wanted to do all we could to provide quality local news to the Memphis area on a daily, if not hourly, basis. By Eric Barnes

The Mid-South Minority Business Council Continuum also received a one-year Coronavirus Response and Relief Program grant to provide information and best practices to support minority firms affected by the COVID-19 pandemic. By Christin Yates

Focal Point Investments also developed the mixed-use building at 999 S. Cooper St. in Midtown Memphis. By Rob Moore

Midtown shop specializes in bringing new life to beloved athletic shoes 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. By Rob Moore

Movers & Shakers

Sponsored By

Former deputy administrator of the Shelby County Office of Reentry Patricia Melton has joined HopeWorks’ leadership team as its next chief operating officer. By The Daily Memphian Staff

.....