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.
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Commercial Real Estate Downtown Memphis hotels retail developmentTom Bailey
Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.
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