The developer who won the auction for the 230-room Crowne Plaza Memphis Downtown could be denied ownership weeks before closing.

Another Crunch Fitness could be headed to Memphis, and a shopping center on Madison Avenue sold for $1.78 million. Plus, ConMed Corp. leases a new building.

The Cooper will be on 5.8 acres at Cooper Street and Central Avenue with 250 multifamily apartments, 27 rental townhomes, a 125-room hotel, surface parking and a 325-space parking garage.

Houston-based Solaris Energy Infrastructure is opening a 34,000-square-foot warehouse in Whitehaven. The company is a vendor for the Elon Musk-founded AI company xAI.

Two Downtown restaurants welcoming customers, a new Scooter’s coffee and a Waffle House one step closer to construction on Forest Hill Irene Road.

Josh Poag and a group of investors bought the building last fall, wanting to control the use of the 400,000-square-foot location in the likely event the store would close. 

The Cooper Development group, led by Chance Carlisle and Carlisle Development Co., seeks a 20-year property tax incentive for the Cooper-Young mixed-use development. 

Cushman & Wakefield | Commercial Advisors released its industrial market report for quarter four of 2024, which shows high supply and low demand. Memphis Education & Research Institute plans to build a new office and storage facility. 

In other food news: Whataburger, Tops and Pizza Hut are all adding new locations.

A new Arlington retail strip is planned, Timber Creek Plaza will have a new tenant and the mobile tire-repair shop Tire Installation will have a new corporate headquarters.

National Plaza Memphis could become a new mixed-use development, a new Downtown gas station and a new laundromat in Raliegh. 

Petra Cafe is looking for a new location, Guthrie’s Chicken will open, Wendy’s on Covington will be torn down and rebuilt, and Catherine & Mary’s will be renovated. 

“Kate (Ashby) and Kyle (Bankston, the owners of Knifebird and The Public Bistro) are like-minded people. We are good friends, and we want to do their legacy justice,” one of the restaurateurs taking over the spaces said. 

The Collierville intersection at North Byhalia Road and Wolf River Boulevard will get a shopping center, South Main to get new retail spots and the three-building Mendenhall Road Collection was sold for $1.175 million.

People familiar with the restaurant said the concept could be an upscale steakhouse similar to the Tekila location at the Nineteenth Century Club building at 1433 Union Ave. 

City Silo reopens in East Memphis with a new look and a new location. Plus, a Bartlett bakery has closed its storefront. 

AAON buys a Memphis property through Cushman & Wakefield Commercial Advisors. 

Since the original policy change in July 2023, only five projects have been approved and none of those are under construction. 

The Daily Memphian’s Commercial Real Estate: Forecast and Review Seminar featured Richard Shadyac and a panel of three local real estate brokers: Jonathan Aur, Elliot Embry and Michael Donahoe. 

Formerly The Madison, the 15-story, 78,412-square-foot hotel will be refurbished in phases to ensure the hotel can continue operations. 

The hotel at 79 Madison Ave. is on the National Register of Historic Places and features a rooftop bar, meeting spaces and a fitness center.

A Jackson, Tennessee-based pizzeria is coming to East Memphis, and a local restaurateur is bringing more food to Hollywood Street. 

The grant program is meant to help “restore and revitalize some of Tennessee’s most historic buildings so that they once again can flourish.”

The Design Review Board approved the architectural design for the Falls Building redevelopment into apartments and the recently announced Crosstown/Live Nation indoor event venue. 

Plus, a warehouse is getting an upgrade, and a Memphis firm was acquired by a Michigan-based company.