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More than half the initial commercial space in Lakeland Commons is pre-leased, and the first apartments in the $20 million mixed-use project should be completed by early summer, a principal with the project said. -
Business
Rhodes president Marjorie Hass stepping down
Hass will remain president of Rhodes through mid-August.
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Business
Skinner appeals rezoning request to Germantown aldermen
David Skinner is appealing the Planning Commission’s decision to Germantown aldermen. The land owner has tried for years to get his family land rezoned.
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Update Transportation & Logistics
FedEx to be carbon-neutral by 2040
The company is setting aside $2 billion “of initial investment” in vehicle electrification, sustainable energy, and carbon sequestration.
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Business
Frost Bake Shop coming to The Lake District
Locally owned Frost Bake Shop will open its third location in The Lake District, the latest business to claim a spot in the mixed-use development.
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Real Estate
Tax incentive sought for another big Snuff District building
The developers of the Historic Snuff District plan a second, mixed-use building of six stories, 292 apartments, 420 parking spaces and 10,000 square feet of commercial space. They seek a tax incentive valued at $19 million over 20 years.
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Court Square Center could change hands
The existing PILOT on the center runs through December 2026.
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Business
AutoZone’s performance keeps rolling right along
The Memphis-based company reports strong financial numbers despite the pandemic.
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Transportation & Logistics
FedEx ramps up vaccine delivery
With the approval of a new COVID-19 vaccine, FedEx is preparing to increase the number of doses it delivers on behalf of the federal government each week.
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Real Estate
Tops Bar-B-Q sells part of its real estate
The owners of Tops Bar-B-Q have sold at least seven of their 15 restaurant buildings to a Phoenix firm that buys the real estate of businesses and leases it back to them.
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Premium Transportation & Logistics
COVID collateral: Less traffic may have led to more fatal accidents
It seems counterintuitive, but traffic fatalities and accidents with injuries were actually up in Memphis last year, even though the COVID-19 pandemic caused fewer people to be on the roads. The reduced traffic may have just opened up the roadways for dangerous drivers.
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Exclusive Business
Series of miscues led to Haushalter’s rapid fall from grace
Going forward, vaccinating the citizens of Shelby County against COVID-19 is under the authority of the City of Memphis after the state transferred custody of the vaccine and administration of the process away from county leaders. It took a dizzying array of missteps for this to occur, and Shelby County Commissioner Mick Wright says: “The public deserves to know what happened.”
Related story:
County vaccination timeline -
Premium Business
Middle schoolers get a taste of workaday world
Students from Grace-St. Luke’s Episcopal School reached out to places where they wanted to work to land three-day internships.
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Real Estate
Residence for veterans, seniors would be part of large U.S. network
Veterans Services (USA) plans to transform the East Memphis Crowne Plaza into a mixed-use development marketed to veterans and other seniors. The organization’s goal is to operate such a facility in all 50 states.
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Business
Prime Holly Springs steakhouse expanding to Lakeland
The second location of Marshall Steakhouse will hold 340 customers and occupy 7,800 square feet on two levels with a brewery onsite.
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Business
Checking in: Analysts say Memphis hotels are poised for a bounce-back year
Analysts say local hotels should do better financially in 2021 than they did last year. But how long it will take for the hospitality industry to fully recover from COVID-19 losses is a matter for debate.
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Business
Binghampton couple ready for their businesses to undergo ‘rebirth’
Kristin Fox-Trautman runs Inspire Community Cafe right next door to her husband’s gym, Stardust Jiu-Jitsu. Both are located in the Binghampton Gateway Center at the intersection of Sam Cooper Boulevard and Tillman Street.
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Business
Chamber: Tax incentives remain crucial but other factors could lessen them
On “Behind The Headlines,” Greater Memphis Chamber President Beverly Robertson and Economic Development Chief Ted Townsend talked about a new round of PILOT reform discussions, “resiliency” and the local economy’s comeback from the COVID pandemic.
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Business
Search for next DMC president taking extra time
The Downtown Memphis Commission board may meet in a special called meeting over the next few weeks to consider the search committee’s selection.
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Real Estate
Sold Burger: Earnestine & Hazel’s changes hands
A new ownership group has bought Earnestine & Hazel’s for $900,000 and and a nearby warehouse for $200,000. The old bar will reopen soon, and the new owner promises to keep those Soul Burgers sizzling.
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Spirit of Memphis
Local women in business discuss careers, impact of pandemic
Balancing work and family became even more challenging for working women during the pandemic, forcing many to make very difficult decisions.
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Transportation & Logistics
IRS defends its position in FedEx lawsuit
If FedEx wins the case, it could lead to changes in the way multinational companies are charged on income earned overseas.
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Business
LeMoyne-Owen survey highlights Black health care needs
LeMoyne-Owen College is helping the Shelby County Health Department better plan and execute coronavirus care.
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Business
New equipment means Memphis plant can make 40M boxes of facial tissue yearly
The mammoth K.T.G. (USA) plant in North Memphis has room to add a new equipment line. The $20 million investment also means the hiring of another 27 employees who will be paid more than $20 an hour.
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Real Estate
Interest growing in 74-acre vacant Bartlett property, mayor says
The former Tennessee Baptist Children’s Home site is considered a prime location in Bartlett due to its high acreage and its proximity to both U.S. Highways 64 and 70.
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