Lakeland officials have begun the 30-month process to prohibit short-term rentals in the suburb.

September’s monthly sales volume was $366 million, down 28.2% compared to the $510.1 million recorded in September 2022, according to the Memphis Area Association of Realtors September market report.

Paul Young was named the head of the DMC in early 2021, emerging from a pool of 30 applicants. Now, two-and-a-half years later, the DMC will once again be looking for a new leader. 

The application includes the outline plan for Mid-City at the former Racquet Club of Memphis site.

“The extended-stay market is going to continue to grow, and it’s going to continue to grow at a faster rate than the average hotel market,” said a local hotel expert.

Feast & Graze owner Cristina McCarter said she plans to close her shop on South Main at the end of the year in favor of a new location.

According to the initial application, Juan Montoya hopes to turn the 127-year-old castle-style Ashlar Hall into an event center “of limited scale and character in conformance with the city’s ordinances.”

The developer expects 18 months of architectural work before breaking ground. The renovated building could also include up to 260 multifamily units and hotel space. 

The Economic Development and Growth Engine of Memphis & Shelby County approved two amended tax incentive plans for LaSaint Logistics and Medtronic Logistics with partner CEVA Logistics. 

The development team behind Union Station intends to move forward with demolition of the existing building and two garages on the property. 

The event space is available for use, but finishing touches — including an air wall, artwork and drapery — will be added by Oct. 1.

Plans for a new Lakeland School System administration building receive endorsement from suburb’s planning and design review commission. The Equestria residential project also gets nod of approval.

August home sales in the Memphis area were down 18% compared to the same month a year ago, and year-to-date sales dropped 26%.

The Collection at Getwell Farms will be a mixed-use development to the Getwell Road corridor in Hernando, providing housing and retail to the area.

The development will be called Mid-City Memphis, referring to the site’s location at the “geographic and population center” of the city, according to the letter of intent filed. 

Lakeland officials continue to work on redesigning the area around Interstate 40 and Canada Road and have voted to condemn the motel north of the interchange.

The development project would add 150 new hotel rooms Downtown and provide on-site parking at a nearby facility.

According to a conditional-use permit filed recently with the Board of Adjustment, the owners of the 10,000-square-foot building at 1663 Autumn Ave. want to build 10 apartment units within the building. 

Designed and built by prominent real estate developer Robert Brinkley Snowden in 1898, Ashlar Hall has been in a state of limbo for years.

Local residential real estate brokers say homebuyers should not focus on interest rates but instead focus on the benefits of homeownership.

Buster’s Liquors & Wines will open its second location in the Ridgeway Trace Shopping Center on Poplar Avenue.

Riggy’s hopes to provide greater truck parking and storage solutions to the logistics industry, including its facility planned for South Memphis at 5178 Citation Drive at East Holmes Road. 

The Chickasaw Gardens Homeowners Association wants to add gates on two roads leading into the neighborhood, which is located north of Central Avenue near the Memphis Museum of Science and History.

REI Nation, which has offices in Germantown, has partnered with Madison International Realty to continue to buy, renovate and manage single-family rental homes for investors. 

American Residential Services says it will invest $2.75 million to expand its headquarters operations in East Memphis.