Plans released for former Central Yards site
Developer Chance Carlisle addressed concerns about parking for The Cooper, a new mixed-used project in Cooper-Young.
There are 8 article(s) tagged Central Yards:
Developer Chance Carlisle addressed concerns about parking for The Cooper, a new mixed-used project in Cooper-Young.
Because the development team received a 20-year PILOT earlier this year, the Design Review Board is required to approve new construction.
Join The Daily Memphian’s virtual seminar focused on key development projects across Memphis beginning at 3:30 p.m. Thursday, Oct. 21.
Clever restaurateurs, fearless city planners and far-sighted entrepreneurs didn’t let 2020 slow them down. And if we needed reasons to cheer, we had Ja Morant and Brady White.
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.
Even with the tax-break incentive, Central Yards would still generate $7.7 million more in local tax revenues over 20 years than the same property would generate without the mixed-use development, according to the Downtown Memphis Commission.
The 5.5-acre, $60 million mixed-use proposal for the north edge of Cooper-Young will next be reviewed by the City Council.
Fleming Architects believes it has met the challenge: Design a $60 million development of 348 apartments, parking structures and 53,000 square feet of retail so that it fits in with Cooper-Young’s older, smaller buildings.
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