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. 

In 2019, before the pandemic began, Memphis had an adult, daytime worker population of 47,337 people.

The store gives Casey O’Rourke space to hang decades of her fashion finds — from 1930s to early 2000s — and a place that will be ground zero for her gospel of reuse over support of the fast-fashion industry, which is responsible, by some counts, for up to 10% of global carbon emissions.

On Wednesday, Nov. 16, the developers of 100 N. Main shared an updated timeline for the renovation of Downtown Memphis’ tallest building. 

The Honey Pot, a feminine hygiene products company, will be the tenant for the site.

YogaSix plans to open at 372 S. Main St. next year, and Sephora is headed to the Kohl’s at 2335 N. Germantown Parkway in Cordova.

The resolution, which would ask the Tennessee Legislature and Gov. Bill Lee to change state law, is an alternative to a registry of rental property owners.

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.