There are 201 article(s) tagged Downtown Memphis Commission:
The Downtown Memphis Commission celebrated 2022’s developments at its State of Downtown event at the New Daisy Theatre on Thursday, Jan. 12. At the event, they announced parking incentives for some Downtown workers.
The Downtown Memphis Commission is working on bringing the historic New Daisy Theatre back online next year after being vacant since 2018. The venue will host its first event on Jan. 12.
As an influx of projects slowly but surely rise against Downtown Memphis’ horizon, the city inches toward walkability. But “you don’t get walkable communities thinking solely of pedestrians.”
This is the third time that closing dates for the near $1 billion development, slated for Union Avenue near Danny Thomas, have needed to be restructured.
Tom Intrator is developing a number of Downtown properties with the help of PILOTs. Related story:
On Wednesday, Nov. 16, the developers of 100 N. Main shared an updated timeline for the renovation of Downtown Memphis’ tallest building.
This week’s Inked covers the October 2022 real estate report, new PILOT for 47 S. Main St. and updates on Vic on Union and 280 Vance Ave.
The new $99.3 million plan will include a 181-room hotel, four restaurants and bars, and 10 high-end apartments. There are five Dream Hotels located in the U.S., including one in Nashville.
On Tuesday, Oct. 11, the Center City Revenue Finance Corp. approved a 12-year PILOT for the $46.6 million Vic on Union development in the Medical District and provided updates on the Dream Hotel project.
Tom Intrator’s 18 Main is seeking a 20-year PILOT and tourism surcharge for an updated Dream Hotel project.
Eligibility requirements for PILOTs may change.
On Wednesday, Oct. 19, the Center City Development Corp. approved grants for two buildings on Madison Avenue and the former Jazzy J’s Sports Bar at 954 Jackson Ave.
Three of Cups will have a small food menu focused on charcuterie and a small vermouth beverage program instead of a full-service cocktail menu
The Downtown Memphis Sheraton Hotel will be getting a significant makeover soon.
Jonesboro-based Six Land Company is planning to demolish the former Holliday Flowers site and build a $15.3 million, 105-unit apartment complex overlooking The Ravine.
Texas-based Hunington Properties wants a 12-year PILOT for its 286-unit Vic on Union development at the former Office Depot site at 785 Union Ave.
Uptown’s Malone Park Commons sought the special grant after rising construction costs increased the budget, according to staff reports.
A special development grant for Malone Park Commons in Uptown is on the upcoming Sept. 14 Center City Development Corp. agenda.
On Tuesday, Center City Revenue Finance Corp. board members approved financing for the Grand Hyatt hotel and final phase of One Beale development.
Discussion of $226 million Sheraton renovation project was delayed to Oct. 11.
The existing restaurants and bars will be converted into an upscale Memphis-themed sports bar. Additionally, an event deck will be built on the second floor, according to the application.
A series of sticks and carrots also encourages developers to get in the affordable housing market.
In addition to the 620 Madison Ave. property, the board approved a $25,000 grant for Downtown Wine and Spirits at 105 Madison Ave.
Two residential properties and Downtown Wines and Spirits seek exterior improvement grants with the Center City Development Corp.
“This is a key historic building in Downtown,” a Downtown Memphis Commission staffer said. “The building has been vacant … we want to see it brought back to use.”