New developer plans to revive blighted South City building
A new real estate development company plans to transform a blighted, long-vacant commercial structure into retail space and apartments.
There are 14 article(s) tagged South City:
A new real estate development company plans to transform a blighted, long-vacant commercial structure into retail space and apartments.
A developer has given up — for now — on a two-year effort to recruit a grocery store to serve South City in an otherwise comprehensive, $227 million project to improve the quality of life in the economically distressed neighborhood.
South City businesses and nonprofits now need only to make a 10% match – instead of 25% – to receive up to a $50,000 grant to improve the exterior of their buildings.
The Downtown Memphis Commission staff recommends that grants for exterior improvements to South City businesses start covering 90% of the costs instead of 75%.
Both founded in South City in the 1960s, Paradise Entertainment Center and Tom Martin's Body Shop plan to improve the exterior of their buildings.
Construction on the third phase of Foote Park at South City on the west side of Danny Thomas Boulevard is to be completed by June 2021.
The city's fourth installment of $6 million for the South City development was approved Tuesday by the Memphis City Council.
Three council members took a look around the new Foote Park at South City Tuesday with plenty of questions and discussion around the larger issue of how to keep the city's development boom from displacing Memphians.
The City of Memphis has an option to purchase the buildings that served as the former MLK Transition Academy, Porter Junior High School, and Boys and Girls Club location at 620 S. Lauderdale St.
Yvonne Bobo's project to create space for 15 artists and a nonprofit called Off the Walls that will serve at-risk youth and adults in South City may receive additional incentives.
With the first phase of the South City redevelopment project wrapping up, 55 families who lived in the former Foote Homes public housing complex will be moving into the neighborhood soon.
City Housing and Community Development director Paul Young says the $1 billion Union Row project is a direct result of the city's efforts to leverage federal and city funding in the South City area, stretching from the south area of Downtown into South Memphis.
Surrounding property owners are taking advantage of a $29 million joint city and federal effort underway to turn the poverty-stricken former Foote Homes public housing site into a viable mixed-income community.
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