100 N. Main developers get $7M for cleanup
Downtown Mobility Authority agrees to $7 million cleanout request for 100 N. Main building.
Topic: Downtown Memphis Commission
RSSThere are 205 article(s) tagged Downtown Memphis Commission:
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January 2023
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Developers submit $7M cleanout plan for 100 N. Main
Once redevelopment is complete, 100 N. Main will include a restaurant, condos, 205 apartments, 160-room hotel and offices.
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Connectivity key to Edge District, South Main renovations
One of the renovations will include an art gallery and retail area, as well as alley improvements.
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Proposed PILOT policy changes push affordable housing
The Center City Revenue Finance Corp. will vote on changes to its payment-in-lieu-of-taxes incentive program at its Feb. 5 meeting.
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DMC unveils parking aid for some Downtown workers
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.
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December 2022
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New Daisy under new management and preparing for 2023 shows
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.
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Downtown Memphis makes strides to a more walkable future
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.”
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The Walk pushes back closing date — again
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.
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Local architect has $575K in liens against NY developer
Tom Intrator is developing a number of Downtown properties with the help of PILOTs.
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November 2022
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100 N. Main redevelopment slated to begin in 2024
On Wednesday, Nov. 16, the developers of 100 N. Main shared an updated timeline for the renovation of Downtown Memphis’ tallest building.
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Inked: Trading a Family Dollar for apartment lofts, Memphis home sales sink
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.
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Dream Hotel approved for revised PILOT, as project changes to mixed-use
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.
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Vic on Union gets 12-year PILOT for its $46.6 million apartments, pool, lazy river
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.
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Dream Hotel has new, almost $100M price tag, seeks TDZ incentive
Tom Intrator’s 18 Main is seeking a 20-year PILOT and tourism surcharge for an updated Dream Hotel project.
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October 2022
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Downtown board discusses additional transparency for PILOTs
Eligibility requirements for PILOTs may change.
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Wine bar in Edge District, cafe on Jackson move forward
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.
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Three of Cups Wine Bar, Jazzy J’s Sports Bar on tap for Memphis
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
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Tourism surcharge, PILOT approved for $226M Downtown Sheraton renovation
The Downtown Memphis Sheraton Hotel will be getting a significant makeover soon.
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University Lofts project to add 105 apartments to Edge District
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.
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Developer seeks tax incentives for $46M Medical District apartment complex
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.
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September 2022
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Malone Park Commons receives $150,000 development grant
Uptown’s Malone Park Commons sought the special grant after rising construction costs increased the budget, according to staff reports.
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Uptown’s Malone Park seeks $150,000 special development grant from CCDC
A special development grant for Malone Park Commons in Uptown is on the upcoming Sept. 14 Center City Development Corp. agenda.
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DMC board approves Grand Hyatt, One Beale financing
On Tuesday, Center City Revenue Finance Corp. board members approved financing for the Grand Hyatt hotel and final phase of One Beale development.
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Downtown board approves PILOTs for Greyhound Complex, Crump Blvd. development
Discussion of $226 million Sheraton renovation project was delayed to Oct. 11.
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$226M renovation, 300-room expansion proposed for Downtown Sheraton
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.
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