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.
There are 9 article(s) tagged Kevin Adams:
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.
Developers planning The Walk on Union announced that the two hotels in the $363 million Phase I will be a Tempo by Hilton and an Embassy Suites.
Work has begun on the nearly $90 million Opus East Memphis at 1029 Cherry Road, which developer Kevin Adams says will take about two years to complete. The 240-unit facility will offer independent living, assisted living and dementia care.
The Design Review Board approved and heaped praises on the design for the massive Walk on Union mixed-use development. But the board rejected the design for the $43 million 7 Vance Building, saying it might fit in Cordova or the suburbs but not in Downtown’s historic warehouse district.
The Design Review Board gets details about “Building G,” a massive structure of 400 apartments, 27,000 square feet of retail, a parking garage and much more.
Start Co. and developers of The Walk on Union describe Catalyst30 as a sped-up effort to achieve in 10 years what normally would take 20 years: Make Memphis a "digital city."
The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project.
Developers cite the economic effects of the pandemic in seeking different and new tax incentives. The first phase of the development is estimated to cost $741 million.
Union Row's new name reflects Downtown’s walkability, emphasizes action over talk (walking the walk), and focuses on people, the developer says.
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