Many of the Snuff District’s office workers and residents may park their vehicles inside what is now a vacant, historic warehouse at 700 N. Front. An added benefit for the mixed-use development: Fewer surface parking lots.
These days, hotels and department stores are struggling. Which may explain the proposed conversions of a sprawling East Memphis hotel and a former Hickory Ridge Mall Sears building.
“This has been a project that has been somewhat difficult to develop, but we have persisted,” developer says.
The Heights Line has advanced a few more steps toward reality. The design of the 1.75-mile path, a logo and a one-time economic impact study have been completed.
Engineer Harvey Marcom worked behind the scenes, but he played a big role for nearly six decades in forming the built environment of the Memphis area. The president of The Reaves Firm died on Saturday, Jan. 23.
The California-based company that provides logistics services to other companies will open its second fulfillment center in Memphis, bringing its total footprint in Memphis to about 600,000 square feet.
Demolition has started to clear space for Alliance Healthcare Service’s $9 million-plus development in an economically distressed area of Summer Avenue.
An online petition opposing the opening of a Petland shop in Memphis has drawn more than 21,000 digital signatures. But the daughter of Petland’s founder mounts a defense, complete with Shelby County statistics on dogs placed into homes by animal welfare organizations in Shelby County.
The building that for years housed the restaurant is coming down to make room for a new Sleep Number store and Aspen Dental office.
Eight transactions for Class A industrial space, totaling 2.4 million square feet, have either been completed or are pending during the first three weeks of January, reports Cushman & Wakefield/Commercial Advisors.
One company distributes pharmaceutical or medical device products. Another sells information-technology and WiFi-related items. And a third sells industrial tools.
The Center City Development Corp. approved $80,000 exterior-improvement grants to help developers revive three vacant buildings scattered in the Edge District, gave support to a renovation at a key intersection in the South City neighborhood, created a new grant program, and forgave a batch of existing loans.
Eversana Life Science Services now has three distribution facilities and 315 jobs in Memphis. It’s seeking a tax incentive to expand and add 50 jobs. Otherwise, company officials say it may move to North Mississippi or St. Louis.
Suburban real estate remained strong in the pandemic as prices increased in the seller’s market. Germantown and Collierville saw a large increase in the percentage of homes sold.
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
A development team has purchased three Edge District buildings, plans to renovate them, and already has signed a lease with Sweet Magnolia Gelato Co. to open a shop in one of them.
The Hyde Family Foundation has purchased 15 vacant acres on the south edge of Binghampton for the Lighthouse Project. The strategy is to provide and integrate a strong school with accessible housing, job development and health care.
Overton Park golf course may be jammed this weekend with golfers playing one last round before the nine-hole track closes until the fall. The course is being redesigned and rebuilt.
Robert Pera’s communications technology firm seeks a 10-year tax incentive that would save the company $1.8 million total in local property taxes. But the company would create 25 jobs paying $37,027 on average.
Woodhill Real Estate bought a fully leased, 268,000-square-foot building at 5020 Tuggle Road, in Memphis’ vast Southeast industrial submarket.
The Land Use Control Board approved two unsurprising changes for a couple of big, suburban planned developments. Out, or diminished, is brick-and-mortar retail from the projects.
The investors who own the building housing RockHouse Live (formerly Poplar Lounge) have just bought the two ragged, midrise office buildings that flank the bar near Midtown. Immediate plans are to make improvements to woo more tenants back, but long-range plans may include demolition and a new hotel.
The popular restaurant has a ground lease for the 1.25-acre site where the old Grimes Memorial United Methodist Church buildings were razed.
Silo Square is to comprise 13 mixed-use buildings, 305 single-family housing lots, six retail outparcels, a bank outparcel, two hotel sites, three office buildings, a 2.6-acre farmer’s market, 10 acres of apartments, and 64 acres of green space.
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.