The board approved contracts for the former Germantown Country Club site and a building at the reimagined Carrefour at Kirby Woods.

On Wednesday, Sept. 21, Economic Development Growth Engine board members approved the federal eco-friendly incentive for developers. 

Two large developments in Germantown could be underway soon. The final review by the Board of Mayor and Aldermen is scheduled for Monday.

This week’s Inked shares news on a new 80-acre mixed-use development in Eads, Dory Restaurant’s new outdoor patio and a change in ownership for Ivory Closet in Overton Square. 

Shops of Saddle Creek is fully occupied with the additions of some unique-to-market tenants.

Developers Joseph Lewis and Tony Kuhn plan to begin $3.2 million restoration this fall. 

Uptown’s Malone Park Commons sought the special grant after rising construction costs increased the budget, according to staff reports.

New Memphis moving to Emerge Building. Number of homes sold drops but August home prices up 5.2% over a year ago. Monster Mini Golf coming to Cordova.

Discussion of $226 million Sheraton renovation project was delayed to Oct. 11. 

On Tuesday, Center City Revenue Finance Corp. board members approved financing for the Grand Hyatt hotel and final phase of One Beale development.

According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce. 

A special development grant for Malone Park Commons in Uptown is on the upcoming Sept. 14 Center City Development Corp. agenda. 

To qualify, developers would have to invest at least $1 million in energy efficiency improvements or projects to reduce lead in drinking water.

On Sept. 8, Memphis and Shelby County Land Use Control Board members approved plans for an outdoor patio and entertainment space for Slider Inn at 363 Mulberry St. 

The store is part of developer Bill Townsend’s plans to redevelop historic Pillow-McIntyre House.

Council members had questions about whether the financing sets a precedent now that the owners of the Downtown Memphis Sheraton have plans to add several hundred rooms to the original convention center hotel.

Related story:

Downtown board proposes One Beale resolution for $95M in bonds

The Center City Revenue Finance Corp. will weigh in on a One Beale financing resolution during its Sept. 13 meeting. 

In July, EDGE approved an 11-year PILOT incentive for the project at 2314 S. Lauderdale St. Construction is expected to begin in early 2023. 

The existing restaurants and bars will be converted into an upscale Memphis-themed sports bar. Additionally, an event deck will be built on the second floor, according to the application.

This week’s Inked covers news on archimania’s latest award, Supreme Staffing and Radians expansions and a new Poke World location in Midtown. 

In what has been called “America’s fastest-growing rental market,” a South Memphis neighborhood is a microcosm of change as homes that were once owner-occupied are purchased by investment firms and renters find themselves seeking stability. 

The special meeting is the second in a week for the council. The compromise involving $10 million was announced by Mayor Jim Strickland before the Labor Day weekend.

This week’s Inked covers news on Gordon Food Service opening in Midtown; pending sale of 44 S. Front St., and plans for a Storage World at 1699 Airways Blvd. 

The Memphis-based real estate and investment firm has acquired six properties so far in 2022, including two in Shelby County. 

A final site plan and demolition permit have been submitted for the former Third Church of Christ, Scientist building near the U of M.