The Downtown Memphis Commission recently approved $7 million for the developer to begin the process of removing debris and hazardous materials from the building.

The project “increases Downtown housing options and diversity of offerings by adding unique cottage-style housing product to the market,” according to a report from the Downtown Memphis Commission.

In Shelby County, 1,120 total sales were recorded for July compared to last July’s 1,819 units — a 38.4% decrease. The average sales price was $292,978, an 11% increase from $263,922.

Located at Memphis International Airport, the World Hub will include both office space and “state-of-the-art package sortation infrastructure.”

While the Airbnb market has seen occupancy rates decline over the past year, listings and bookings are increasing. 

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“I think the three sleeping rooms is ridiculous,” said Morgan Pettigrew, owner of Pettigrew Adventures. “The county thinks putting a three-sleeping room limit on the house is going to somehow stop the party.”

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To capitalize on foot traffic in Overton Square, Lucyja Hygge will be open until 9 p.m. on Fridays and Saturdays.

Some have called Roxie’s burgers the best in the city. 

Nearly three years and $40 million later, the Downtown Mobility Center will open Thursday, Aug. 3. 

Orion is focusing most of its energy on real estate, but it’s also looking at multi-family commercial opportunities to provide affordable housing or housing across the city.

The restoration of the Cycle Shop itself is nearly complete, with the expected groundbreaking for the multi-family element of the project set for early 2024.

“The back door to Downtown” is seeing a resurgence of residents and businesses, especially as construction continues on the nearby interstate. 

Carpenter Art Garden wants to lease land from the city, while Calvary Church wants to teach kids to ride horses.

When the Federal Aviation Administration announced in March it would invest $14.8 million into upgrades at Memphis International Airport, the agency also announced it would grant Millington’s airport $1 million toward the new terminal. 

An affiliate of Gulf Coast Commercial Management, 210 Development bought the 450,000-square-foot office and retail center in 2022 for $49.1 million. 

The Crump Firm is expanding its presence in East Memphis at the Crescent Center. St. Mary’s Episcopal Cathedral moves forward with a $1.4 million renovation project. 

Although total home sales have decreased from last year, June sales rose 43.3% over May’s sales.

In 2022, AOD Properties was awarded a $60,000 Exterior Improvement Grant from the Downtown Memphis Commission to renovate the building at 154 G.E. Patterson Ave. 

The recent approval of a number of a apartment projects concerns some residents, but many stem from zoning classifications made decades ago. 

“There’s more light here and love and healing here that other spaces don’t have,” said the owner of Lucyja Hygge, a shop full of incense and teas, as developers plan to demolish it.

A new housing development project planning to fill a long-vacant lot in the Peabody-Vance neighborhood received a tax incentive from the Downtown Memphis Commission. 

Hayes and Amy McPherson extend their footprint on North Main Street to take one of the shop’s staples — canned coffee sodas — across Memphis and beyond. 

“In the time since the PILOT was approved, macro-economic conditions in the real estate industry have not only not improved but have instead deteriorated further,” one of the developers wrote in a letter attached to the extension request.

“This project will be one of the largest African American-led real-estate projects in the city’s history since the days of Robert R. Church,” the local developer wrote in the team’s PILOT application. 

Built in 1965, the building includes 400 parking spaces in a four-story garage and 156,342 square feet of leasable office space in the 10 floors above.