International Paper building sold
Highwoods Properties developed the building, all nine floors of which is occupied by International Paper, for $56 million in 2014.
Highwoods Properties developed the building, all nine floors of which is occupied by International Paper, for $56 million in 2014.
The former Downtown Royal Furniture Co. building, which was slated to become a Dream Hotel and mixed-use development, was sold in a foreclosure sale to the lender of the project.
“Before this actually gets signed, we will have paid $8 million that we don’t officially own yet,” said City Council member Jerri Green.
Plus, a Germantown weight loss clinic that’s “about the inside out” opens, and a former Mexican restaurant could become and AutoZone.
Memphis Mayor Paul Young said the deal had taken longer than expected, but he was unsure about the specifics.
First Watch submits a permit to look at a Wolfchase space. Raven & Lily in Collierville is now closed. Sanderlin’s Rise Southern Biscuits & Righteous Chicken is now open.
A Google representative said they would hire “hundreds of people for full-time operational jobs here on the site and thousands of construction jobs.”
Both Gussied Up and Bar Limina are a part of Cnct. design’s goal to make the Edge District a Memphis destination.
Studios and one- and two-bedroom units are coming to a site right off of Union Avenue.
“They, evidently, have come to the decision that they’ll lose less money if they close than if they stay open,” said an area hotel consultant.
“This isn’t about outside firms coming in, taking out dollars and leaving,” the Regional One president and CEO said. “This is about combining specialized health care expertise with Memphis proven capabilities, ensuring that Memphis business grows.”
Also, Max’s Sports Bar hosts a grand opening for its new upsized patio space, Urban Consequence Brewing Co. has closed and Cafe Piazza is open in Collierville.
Krosstown Kleaners was built in 1910 with a bakery on the ground floor and a residence on the upper level. In 1944, the space became a dry cleaning business with the iconic neon sign.
The nonprofit announced plans to build the semi-attached single-family homes on 3 vacant acres in Uptown within the next 24 months.
Ramblin’ Joes to have grand opening on Sunday, Sept. 21. Sonic Drive-In is adding a location at the southwest corner of Poplar Avenue and Yates Road.
The solar panel project is expected to include up to 100 megawatts, possibly more.
Also, mother and son lease space at Regalia Shopping Center, and six multifamily complexes were sold in a foreclosure auction.
The Chick-fil-A, which opened in 2009, closed on May 29 for renovations of the 4,400-square-foot building at 1980 Union Ave.
Google plans to limit its water usage to “domestic needs” and cover all the energy costs needed to power its West Memphis facility.
Trap Fusion closes its Cordova restaurant but launches Trap Vegan in its flagship eatery in Whitehaven. Wiseacre Brewing Co.’s new sandwich concept Panuzzo King will launch soon on Broad Avenue.
The East Memphis location is the first of multiple SweatHouzes planned for the Memphis area.
Hotel Napoleon’s Archives Bar & Bistro has reopened and is being run by the founder of Sweet Magnolia Gelato Co.
MSCS received one bid for the property on 3030 Jackson Ave. from New Day Tennessee, which seeks to create a workforce development training ground for teens aging out of foster care across the state.
Time after time, proposals have stalled for the Arthur property land along Poplar Avenue. Now, a new plan is on the table, and “it’s an opportunity to give Germantown the town square it’s been looking for.”
The Entergy Arkansas president and CEO said the utility company is “proud to be partnering with Google on this exciting new project bringing unprecedented economic opportunity to Arkansas.”
Fox Ridge Pizza is opening in Top Gun, Sen Trang will have new owners and Dvour Desserts is expanding to Southaven.
“We are past the spring rush, there is ample inventory, and so buyers have opportunities,” said MAAR President Greg Renfrow.
Carlisle Development Co. expects residential construction to begin early next year.
The Southaven facility will have three swing suites available for members and non-members to rent for unlimited tee times.