Downtown’s Royal Furniture building may grow taller after sale
After enjoying lunch in Downtown Memphis, Nichole Weiss and Ryan Oleartchick walk past the Royal Furniture building near the corner of Main Street and Gayoso Avenue Tuesday, Jan. 8. Though not on the market, the 71-year-old building was recently purchased by an out-of-town investor with hopes of reimagining the highly trafficked corner. (Patrick Lantrip/Daily Memphian)
The historic Royal Furniture building in Downtown Memphis has sold for $3.5 million, and the new owner may make the building taller for new commercial tenants.
Topics
Commercial Real Estate Downtown Memphis hotels retail development
Tom Bailey
Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.