Historic Dermon Building renovation includes apartments, outdoor pool, dog park
Developers Nick and Sam Patel plan to renovate the historic 10-story Dermon Building Downtown into 103 apartment units.
Topic: Downtown Memphis Commission
RSSThere are 201 article(s) tagged Downtown Memphis Commission:
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August 2022
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July 2022
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Felicia Suzanne’s, Picture Perfect Haircuts, art incubator get grants
Local artist Ephraim Urevbu plans to renovate 825 Jackson Ave. into an artist studio and restaurant on the ground floor and two three-bedroom apartments on the upper floor for artist residencies.
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Felicia Suzanne’s seeks redevelopment grant from Downtown board
Felicia Suzanne’s is one of three businesses seeking grants from the Center City Development Corp.
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Board approves Uptown beer garden, mixed-use building in South Main
The Design Review Board approved site plans for a new outdoor patio at Soul & Spirits Brewery in Uptown and a new mixed-use development along G.E. Patterson Ave. in South Main.
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June 2022
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Gelato shop, florist plan to open in Central Station
The Center City Development Corp., approved funding for several Downtown projects, including grants for the two new businesses in Central Station and an improvement grant for the historic R.S. Lewis Funeral Home.
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Developer hopes to bring 119 Madison back to life with speakeasy, apartments
Developer Eduardo Sanchez bought the historic building and plans to renovate the building into luxury apartments, a ground-floor coffee shop and basement speakeasy bar.
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Design Review Board approves plans for former Heartbreak Hotel site
The board approved updated design plans for the project in the Edge District.
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May 2022
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‘How did this happen’ to once-spectacular 100 North Main
Led by Kevin Woods and Billy Orgel, 100 North Main Development Partners share updated plans for condos in the historic building and outline the next steps in the property's renovation.
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Groove On-Demand Downtown ride share service gains popularity
Ridership is booming at Groove On-Demand, which serves about 1,500 passengers a month with shuttle rides throughout Downtown and the Medical District.
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April 2022
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Beale, Downtown report peaceful weekend amid crowds
A $5 entry fee, plus weapon and ID checks, were required to enter Beale Street between 8 p.m. Friday and 3 a.m., helping officials track the number of visitors.
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Downtown project gets PILOT extension as developers work on funding
Located Downtown at 251 Union Ave. across from AutoZone Park, The Walk was originally awarded a 30-year, $741 million PILOT in August 2020.
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March 2022
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Watch: Downtown office needs shift as workers return
Downtown Memphis Commission President Paul Young talks on Behind The Headlines about saving tax incentives for Class A office space, why incentives for residential development are still necessary despite a rise in rents and an RFP on Beale Street.
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A guide: Making sense of economic development terms
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
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The Peanut Shoppe ready to reopen in new location, remains Downtown
“This business depends on the walking traffic,” said owner Rida AbuZaineh. “It’s like walking on the beach, where there is ice cream.”
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Memphis loses last ‘Big Three’ bank with First Horizon acquisition
Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.
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Inked: South Point Grocery to open, Northside High project gets 20-year PILOT
A new grocery store ready to open in South Main. More funding has been arranged for several development projects in Uptown, Medical District.
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January 2022
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Bluff City Biz: Quite the week with Kevin Woods
Kevin Woods, the Memphis market president for BlueCross BlueShield of Tennessee, has had a big week.
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Touring 100 N. Main: Shattered glass, shell casings, law books and spectacular views
The Downtown Memphis Commission anticipates issuing in about two weeks a request for proposals to potential developers of the 100 North Main Building and the entire block it towers above.
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Downtown PILOT approved for proposed Butler Row development
Over the course of the 12-year payment-in-lieu-of-taxes agreement, the increase in taxes generated by the project is estimated at more than $3 million.
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Sequin mural lights up Downtown thoroughfare
The piece, entitled “Subterranean River,” stretches 161 feet and 80 feet on each side, featuring symbols that portray the Mississippi River as a passage for commerce. LED lights shine on the shimmering sequins to mimic the movement of water.
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Design Review Board to consider eye-popping Downtown mural
At a meeting Wednesday, Jan. 5, local artists’ colorful image for the Hyatt Centric — on a concrete wall facing the intersection of Beale and Wagner streets — will be considered.
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December 2021
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Bluff City Biz: Riverfront development and lessons we can learn from Uptown with Paul Young
“Expanding docks to accommodate more businesses to bring more visitors to Memphis could only be a great thing,” said President and CEO of the Downtown Memphis Commission, Paul Young.
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DMC wants to expand South City Good Neighbor Grant program
The Downtown Memphis Commission affiliate Center City Development Corp. will decide whether to expand the South City Good Neighbor Grant program when it meets Wednesday, Dec. 15.
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November 2021
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The Peabody to become special tourism tax zone
The creation of the Peabody Hotel Surcharge will finance capital investments to the property totaling more than $125 million over the next 30 years for long-term preservation.
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DMC receives international awards for two city planning programs
The BuildDowntown Master Plan and the South City Good Neighbor Grant program both won awards from an international institution for their city planning efforts.
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