With Grand Hyatt paused, parking lot to take its place
Carlisle Development filed plans to build a temporary surface parking lot at the proposed Grand Hyatt site at One Beale.
Topic: One Beale
RSSThere are 55 article(s) tagged One Beale:
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February 2023
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November 2022
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Where the Grand Hyatt deal went wrong
Internal city documents show that the Strickland administration and leaders at the state level were increasingly uneasy about the debt the city was taking on for the One Beale project — despite the economic benefits.
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Grand Hyatt developer fires back at Mayor Strickland
Chance Carlisle of Carlisle Corp. responds to Mayor Strickland’s letter on the Grand Hyatt financing stalemate.
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October 2022
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One Beale Grand Hyatt city loan approved with new wording
The city changed the terms of the $10 million grant/loan after running into accounting rules that would have required the city to list the amount as a long-term liability on its financial statements.
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City’s $10 million loan for third One Beale hotel changes terms
The council approved the original deal of what amounted to a $10 million advance on the city’s lease of convention meeting space in the Grand Hyatt — the third of three hotels at One Beale — in September on a 10-0 vote.
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September 2022
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Tom Lee Park cutbank bluff to be named for One Beale developers
The Carlisle name follows a $1.5 million donation by the developers to the $62 million Tom Lee Park redesign. It honors the late Gene Carlisle, the family patriarch who called the One Beale real estate “the best piece of dirt in Memphis.”
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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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Council approves key $10 million financing for One Beale Grand Hyatt
Council members had questions about whether the financing sets a precedent now that the owners of the Downtown Memphis Sheraton have plans to add several hundred rooms to the original convention center hotel.
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Downtown board proposes One Beale resolution for $95M in bonds
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Downtown board proposes One Beale resolution for $95M in bonds
The Center City Revenue Finance Corp. will weigh in on a One Beale financing resolution during its Sept. 13 meeting.
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August 2022
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Latest lodging summit suggests leisure travel remains dominant
Inflation is taking its toll, and business travel is still below pre-pandemic levels, but the tourism sector’s recovery seems to be on track.
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July 2022
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City Council to expand One Beale ‘backstop’ debate
Among other topics, the discussion of the city’s capacity for bond debt will come into play during Tuesday morning committee sessions.
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Strickland says One Beale ‘backstop’ is too much risk
Memphis Mayor Jim Strickland says the city has offered more incentives for the proposed Grand Hyatt hotel at One Beale “than any other development in the history of the city.” He also questioned why One Beale developers didn’t go to the bond market sooner.
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City Council approves financial ‘backstop’ for Grand Hyatt
The standoff over terms to start construction of the third of three hotels at One Beale remains despite Thursday’s council vote.
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City Council takes up One Beale hotel financing at special Thursday meeting
The Thursday 4 p.m. session at City Hall comes after the city administration balked at a change in the terms of a city-funded backstop for the hotel project. The delayed Tuesday vote came as the administration got some expressions of concern from state officials.
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Council delays vote on backstop for One Beale debt
At stake is the financing for the last of three hotels at the One Beale development that together would serve as a second convention center hotel.
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One Beale financing, Frayser flood plain housing top council agenda
The Memphis City Council meets Tuesday, July 12, at 3:30 p.m. Committee sessions start at 8 a.m. at City Hall. Items on the agenda include One Beale financing and Frayser flood plain housing.
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Inked: Former Office Depot may become apartments
This week’s Inked shares news on more multifamily plans for the Raymond James building, the Caption by Hyatt opening, a potential update on the former Office Depot building in the Medical District and 2021 annual report data from Memphis Tourism.
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June 2022
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Inside the world’s first-ever Caption by Hyatt in Downtown Memphis
It includes Talk Shop, a 24/7 eatery, which is a mash-up of a beer garden, coffee shop, restaurant and co-working space.
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May 2022
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Tourism bonds approved for Grand Hyatt, One Beale
While the total value of the bonds is still undetermined, Chance Carlisle of Carlisle Corp. expects the value to be around $75 million.
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April 2022
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‘Fancy’ One Beale restaurant serves riverfront views — and seafood towers
Fancy’s Fish House opens this week on roughly the site of the former Captain Bilbo’s, and it promises good food, a casual atmosphere and an ‘extraordinary’ crudo.
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City backs bonds for One Beale project in ‘unprecedented move’
“This is not something we have taken lightly,” said Memphis COO Doug McGowen. “The world has changed and the Loews hotel is not coming. Those are two things that have caused us to act.”
Related story:
City Council urges early voting expansion in county primaries
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City Council takes up One Beale debt, Soulsville TIF and Northside PILOT
The economic development items are part of a council agenda that could see the formal end of a city-county consolidation bid and the end of council discussion of police and fire residency requirements.
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March 2022
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Final phase of One Beale set to begin this summer, Caption by Hyatt set to open
Carlisle Corp. will begin construction on the Grand Hyatt in May. The developer also announced the opening of Caption by Hyatt and plans for the former Nylon Net Building site.
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December 2021
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Inked: Here comes Whataburger; One Beale progress; new ownership for Chickasaw Oaks
After years of speculation and false starts, it seems Whataburger is getting closer to breaking into the Memphis market. Also, updates on the progress of work done at One Beale and new ownership for Chickasaw Oaks.
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November 2021
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One Beale lawsuit over minority participation points to larger problems
The Black-owned multi-family developer who partnered with Carlisle Development on part of the One Beale project and the nearby 7 Vance mixed-use development is taking Carlisle to court as the issue of minority participation in general moves back to the front burner.
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