‘Female-centered’ East Memphis commercial center filling up
Good commercial real estate trumps a pandemic and any surge in e-commerce, figures Ray Gill of Gill Properties. Exhibit A: His new White Oak at White Station center is 96% filled.
There are 39 article(s) tagged Gill Properties:
Good commercial real estate trumps a pandemic and any surge in e-commerce, figures Ray Gill of Gill Properties. Exhibit A: His new White Oak at White Station center is 96% filled.
The commercial lot on the east end of Poplar Viaduct may now be empty, but it’s full of memories for the new owner. Ray Gill of Gill Properties is looking for a way to pay homage to The Bitter Lemon, a hip teenage coffee house that operated there in the 1960s.
A veteran Memphis real estate broker says he believes Tesla is coming to Memphis soon. The broker represented the seller in a transaction this week involving the former — and now vacant — Homer Skelton Wolfchase Hyundai dealership property at 3020 N. Germantown Parkway.
Construction could start by March on a new retail building on Poplar at Humes, just east of the Poplar Viaduct.
A site plan for 2847 Poplar shows a commercial building of more than 7,000 square feet and 36 parking spaces.
Storage Towne of America-Germantown will comprise about a dozen buildings totaling 130,000 square feet just outside the city that doesn’t allow construction of self-storage businesses.
Rooziman and Nighat Shah have just bought 45 acres at Hacks Cross and Shelby Drive, with plans to build a convenience store/gas station as well as a 16,000-square-foot shopping center on the corner. They own more than 100 C-stores in and around the Memphis area.
Two of Silo Square's mixed-use buildings, each three stories, are effectively designed as illusions, with a nod to the past. The presence of a kitchen-appliance delivery truck nearby signals that completion of those buildings is within the near future.
Many commercial landlords in Memphis are using a range of options to help business tenants that have little or no income to pay rent during the COVID-19 pandemic.
Taking the long view, Gill Properties is forging ahead with construction of a $3.9 million commercial center in East Memphis despite the recent economic disruption caused by COVID-19.
Gill Properties has applied for a building permit to start work soon on a new 27,000-square-foot commercial center, White Oak at White Station.
The 13-year-old Loeb Realty Group will soon cease to exist as its brokers, Frank Dyer III and Barry Maynard, switch over to Gill Properties.
While the amount of land for new developments in Bartlett is becoming more and more scarce, a number of properties around the city are getting new life thanks to redevelopment. And higher density mixed-use projects could be in the city’s future as well.
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