The Memphis area saw a 15.5% increase in average sales price last month compared to a year ago, and Whitehaven’s increase was 80%.

The CCRFC approved a six-month extension for the second phase of the $205M Snuff District development project. The first phase is expected to finish by fall 2022. 

A second strip center on Stage Road in Bartlett that sat empty for years has been purchased and renovations are planned.

New York-based developer Tom Intrator has also secured funding for his separate, $1.1 billion project in the Pinch District. 

A new grocery store ready to open in South Main. More funding has been arranged for several development projects in Uptown, Medical District. 

The future of home sales, both existing and new construction looks bright for the three suburbs in Northeast Shelby County.

Adrian Granderson, Joe Johnson and Robert Higgins, all originally from Memphis, opened WKND Hang Suite in the South Main Historic District in 2018. 

Capital Square bought the Butler Row property at 509 S. B.B. King Blvd. from Drapac Capital. Construction on the mixed-use project is set to begin later this year. 

The long-vacant, 30,000-square-foot building at 61 Keel Ave. is set to open its doors again as an event venue.

The Works, Inc. plans to develop a community hub that would house organizations that provide technical skills training and workforce development, comprehensive healthcare services, literary advocacy, as well as performing and visual arts programming. 

Encompassing 15 acres near the Benjamin L. Hooks Central Library on Walnut Grove Road, the Maslow Shared Community would include a school, mixed-income housing, health and wellness facilities and workforce development opportunities. 

“The pandemic put challenges on the hotel market and the lending market, making the economics of our proposed transaction remarkably difficult.”

Located on the empty surface lot at 645 N. Front St., just south of the historic Snuff Factory building, the six-story Conwood II will include 294 housing units and 10,000 square feet of retail space. 

Spanning 170 acres, The Legacy at Colonial would bring resort-style living to Cordova, something that has been attempted in the past. 

South Point Grocery plans to open one block from Central Station at 136 Webster Ave., the site of the former Liberty Cash Grocers.

The proposed seven-story parking garage on the north side of A.W. Willis between North Third and Fourth streets would have been designated for ALSAC-St. Jude employees.

“The new trolley stop will complete the mission of the Downtown Mobility Center by bringing key transportation means together at one site in Downtown Memphis.”

Left vacant since 2014, Memphis’ tallest building is set to undergo a $267 million renovation. 

Orgel has had success in recent years with similar adaptive reuse projects like the Tennessee Brewery on South Bluffs and the American Snuff building in Uptown. 

A family-owned furniture business will take over the 135,000-square-foot space at Carriage Crossing formerly occupied by Macy’s.

The new ownership group was initially interested in working with the former owners on the multifamily part of a planned mixed-use redevelopment but ultimately made an offer for the entire property. 

“It’s amazing that almost every commercial real estate developer has driven by this site for years, but nobody looked underneath the hood,” broker Barry Maynard said.

Alpha Omega Veterans Services was given the former training center through a federal grant by the U.S. General Services Administration (GSA).

The old Coleman Taylor Transmission shop on Union is leaving the Edge District. Its departure frees more room for new apartments that would be called The Rise on The Ravine.

Scannell is preparing the site for a 150,000-square-foot build-to-suit warehouse for Performance Food Group.