Memphis retail market booms despite challenges
Building permits, which traditionally take a week to process, are taking nearly a month now, causing delays in leasing and development in the retail market.
Building permits, which traditionally take a week to process, are taking nearly a month now, causing delays in leasing and development in the retail market.
DHL would not name the third-party client it would partner with but said the customer is not based in Memphis or Shelby County.
This week’s Inked covers the October 2022 real estate report, new PILOT for 47 S. Main St. and updates on Vic on Union and 280 Vance Ave.
The new $99.3 million plan will include a 181-room hotel, four restaurants and bars, and 10 high-end apartments. There are five Dream Hotels located in the U.S., including one in Nashville.
Internal city documents show that the Strickland administration and leaders at the state level were increasingly uneasy about the debt the city was taking on for the One Beale project — despite the economic benefits.
The Lake District continues to welcome new businesses to the mixed-use development near Interstate 40 and Canada Road, but two big-name restaurants, Marshall Steakhouse and Mike Miller’s Let It Fly, could be in jeopardy.
Developers Adam Slovis, Archie Willis and Brian Hill share project updates during The Daily Memphian’s “Developing Memphis’ seminar.
Chance Carlisle of Carlisle Corp. responds to Mayor Strickland’s letter on the Grand Hyatt financing stalemate.
Chance Carlise of Carlisle Corp. said there’s a $5 million funding gap that is the result of the city delaying closing the deal.
Bank of Bartlett has started a $2 million renovation at its main offices on Stage Road, an example of the bank’s commitment to the area.
After years of sitting dormant, the Cascades development in Olive Branch has received new approvals and the walk-live-play project could soon start construction.
This week’s Inked covers updates and potential road closures in the Pinch District and a partnership between Poag Shopping Centers and Jones Lang LaSalle.
Jaime Groce addressed significant activity expected along three major corridors in Collierville.
Topgolf could start construction on its future Memphis home this week. The sale of the site was finalized late Friday.
“C-PACER allows commercial property owners and developers to improve the energy efficiency of their buildings with low-cost financing provided by private lenders, shielding them from rising energy prices in the medium to long term.”
A one-story building behind the apartments will be razed to make way for a parking lot with a brick wall barrier.
Every time a community adopts the federal Community Property Assessed Clean Energy and Resiliency program, it spurs development, according to a VP of a company that specializes in the financing.
And if “Young Rock” shooting is moved to another city, NBC can use the local tax incentive for a different television production.
This week’s Inked shares updates on a new Crunch Fitness location, new Hobby Lobby site and a $2.2 million remodel for Best Buy in the Market at Wolfcreek.
“Given the climate change situation, I find it difficult to believe the City of Bartlett would approve a development plan that would include such devastation,” said one Shelby County resident.
Collierville could soon add a hotel at Schilling Farms. The Board of Mayor and Aldermen approved a plan Monday night.
“Most of what we are doing now is tenant-improvement work, as opposed to building new buildings. But when we did these things out at Shelby Oaks, we would be the general contractor,” said Ron Belz, president and CEO of Belz Investco GP.
After years of legal battles, the groundbreaking for a mosque in Horn Lake is scheduled for Sunday. Earlier this week, applicants received approval for a cemetery adjacent to the site.
Louisiana-based developer partners with Memphis Housing Authority on $58 million renovation project for 421 units at the Borda Towers and Venture Center in Downtown.
On Wednesday, Oct. 19, the Center City Development Corp. approved grants for two buildings on Madison Avenue and the former Jazzy J’s Sports Bar at 954 Jackson Ave.