A 2022 report from Memphis Tourism shows that nearly every industry data point increased or saw a significant uptick from pre-pandemic levels, including strong demand for hotel rooms.

This week’s Inked looks back at some of the most notable projects of 2022 and what we can expect in 2023. 

Southland Greyhound Park opened in 1956 and catered to locals, but with expanded gaming, a new hotel and mobile sports books, the facility is now its parent company’s most lucrative. 

As Leonard’s Pit Barbecue celebrates 100 years in business, the iconic pork palace is looking at a new location in Bartlett.

The Downtown Memphis Commission is working on bringing the historic New Daisy Theatre back online next year after being vacant since 2018. The venue will host its first event on Jan. 12.

Horn Lake will begin its registry of rental properties in the DeSoto County city next week as a way to gain better control of the growing trend.

“There’s definitely an emphasis for companies to make the office an inviting place,” Matt Weathersby of Cushman and Wakefield said of the outlook for 2023.

As an influx of projects slowly but surely rise against Downtown Memphis’ horizon, the city inches toward walkability. But “you don’t get walkable communities thinking solely of pedestrians.”

Nationally, home sales notched their longest streak of declines in 23 years as sales dropped for a 10th consecutive month in November. 

The 60-acre Parkside at Shelby Farms mixed-use development received a development agreement extension until Dec. 31, 2023.

This week’s Inked includes updates on the Simmons Bank Liberty Stadium and a new hotel to multifamily conversion on Poplar Pike. 

The move to the Primacy I office building at 6077 Primacy Parkway — less than two miles from the IP towers — allows the paper company to house around 350 of its employees, who began returning to the office in October. 

This week’s Inked covers the latest on November real estate data and an update on a new multifamily complex at Shelby Farms. 

Bartlett’s industrial office market shows an imbalance. While there is is interest in moving into the area, available space is a challenge.

On Wednesday, Dec. 7, the Design Review Board approved plans for the Downtown Mobility Center, two Madison Avenue projects and partially approved the Dixie Greyhound mixed-used development in Uptown. 

“This is a wonderful Christmas present for Cordova,” Memphis City Councilwoman Rhonda Logan said. “This will be the catalyst needed for Cordova … and is a perfect example of a public-private partnership.” 

This week’s Inked discusses emerging trends from the Daily Memphian’s commercial real estate seminar, new apartment complex coming to East Memphis, and recognition for Memphis tourism.

“We’re thinking about a Jewish deli and an Irish pub. And what if we could get a really nice Lebanese place that would be a nod to St. Jude. We’d like to honor the history of this being an immigrant neighborhood.” 

The sentiment among almost anyone who can read a balance sheet is developments that couldn’t get off the ground in the past three years are going to need a lot more than luck in the inflation the Federal Reserve is trying to control with interest rates.

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Tom Intrator is developing a number of Downtown properties with the help of PILOTs. 

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Interest rates smothering developer’s $1B Pinch plans

This week’s Inked shares news on the Hyatt and Dream Hotel merger, new Inked Memphis location and two historic Memphis locations seeking National Register of Historic Places nominations. 

Members of “The Congregation” will include a local coffee shop and two other tenants at Forest Hill Baptist Church’s former location.

Four industry executives will be featured at the Commercial Real Estate: Review and Forecast Seminar at the Memphis Botanic Garden on Thursday, Dec. 1.

The Arlington Planning Commission endorses restrictions on several businesses, such as the location of gas stations and convenience stores, sending the recommendations to the Board of Mayor and Aldermen.

This week’s Inked covers updates on the $40 million Downtown Mobility Center, Dream Hotel and Downtown parking updates.