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.

According to Monster Golf’s website, players interact with animated monsters, which “talk, wiggle and squawk” as players make their way through the course.

If approved, it would become the sixth TacoNGanas location, with trucks in Cordova, Midtown and East Memphis. 

This marks the first time since 2009 that a city in Tennessee was granted one of these funds.

Esco Restaurant & Tapas is scheduled to open this year on the ground floor of the 200 S. Second parking garage at 156 Lt. George Lee Ave.

In this edition of Inked, The National Civil Rights Museum expansion gets a foundation, Tesla will expand its charging station on Park Avenue and there will be a new Starbucks on Winchester.

As Molly Smith finalizes the end of Bhan Thai, new owners Thuan Pham and family percolate plans for a cafe.

In this week’s Inked: University Lofts is moving forward in the Edge district, a private shooting range has plans for Cordova, the Highland Strip gets a Red Koi and Rumble Boxing opens its first Memphis location.

Collierville-based Township Development Services is expanding its team. The eastern road network and BlueOval City’s imminent production is creating new business opportunities.

In February 2022, the LUCB rejected plans to build the Tournament Trails Center complex at 3581 Tournament Drive-South, but a decision in April 2022 from the Memphis City Council reversed that decision. 

Developer Tom Intrator said the Dream Hotel planned for South Main could break ground as early as November.

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First phase of Intrator’s Pinch District gets closing deadline modification

Developer Tom Intrator received closing deadline modifications for three of his Downtown projects that already have tax incentives. 

Bill Townsend is something of a folk hero in Memphis as the hometown guy who made his fortunes elsewhere and is now home to save some of the city’s nearly priceless real estate. 

New York-based Left Lane Development LLC will ask the Downtown Memphis Commission’s Center City Revenue Finance Corp. for a 12-year PILOT for the redevelopment project. 

The Annesdale Mansion is the fifth historic property bought by Memphian Bill Townsend. 

The Downtown Memphis Commission’s Design Review Board will consider exterior renovation plans for the single-story masonry building at 405 Monroe Ave.

Topgolf is bringing more dwellings south of Germantown. One real estate investor believes the entertainment venue picked a location that will drive its success.

The multimillion-dollar land sale at 4005 Bailey Station Road comes after a 23 year-long battle to prevent losing the property to eminent domain and to acquire a fair market value sale.

In the 1920s, the Napoleon Hill mansion was razed to make way for the skyscraper. But the land itself would be passed down through the decades to the descendants of the original family.