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Real Estate

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    UPDATED: Developer asks for 30-day hold on Broad Ave. gas station plan

    Faced with stiff and diverse opposition, the developers have requested a 30-day hold on their already revised plans for a gas station/convenience store at the gateway to Broad Avenue. 

    By Tom Bailey June 23, 2020
  • Real Estate

    New deli coming to Park Ave. near Audubon Park

    The building that for decades housed Consignment Music will become a deli restaurant.

    By Tom Bailey June 23, 2020
  • Premium Real Estate

    Construction has yet to start on joint city/U of M tennis center

    Tiger tennis teams will practice where courts are available while waiting for Leftwich Tennis Center's $19 million renovation and expansion. 

    By Tom Bailey June 21, 2020
  • Real Estate

    Agency makes grants more affordable to South City businesses

    South City businesses and nonprofits now need only to make a 10% match – instead of 25% – to receive up to a $50,000 grant to improve the exterior of their buildings.

    By Tom Bailey June 17, 2020
  • Real Estate

    Developer steps closer to renovation of Edge District’s Glass Factory

    The $2.5 million renovation will prepare space for Memphis Made Brewing along the planned Ravine linear park.

    By Tom Bailey June 17, 2020
  • Real Estate

    Chief judge: Court strives for compassion in pandemic-related eviction cases

    General Sessions Civil Court resumed in-person hearings Monday with nearly 300 eviction cases on the docket for the day. But don’t construe that to mean the court is like some “assembly line or factory,” the chief judge says.

    By Tom Bailey June 16, 2020
  • Real Estate

    Pilgrim, Tiger and Peacock to be part of The Memphian hotel in Overton Square

    Developers of the 106-room boutique hotel have just rolled out some of the branding and concepts for the hotel that already towers over Overton Square.

    By Tom Bailey June 15, 2020
  • Premium Real Estate

    Behavioral health agency wants to build $9M crisis center on Summer Ave.

    Alliance Healthcare Services will seek the City Council's approval to build in Highland Heights a 40,000-square-foot Crisis Assessment Center, where 150 people will work.

    By Tom Bailey June 15, 2020
  • Real Estate

    4 townhouse units approved over Cooper-Young objections

    A developer redesigned a four-unit town house development in response to objections from within Cooper-Young Historic District. The Land Use Control Board approved the plan even though neighbors still argued that four units were too many.

    By Tom Bailey June 15, 2020
  • Real Estate

    Agency may increase grants for South City businesses because of pandemic

    The Downtown Memphis Commission staff recommends that grants for exterior improvements to South City businesses start covering 90% of the costs instead of 75%.

    By Tom Bailey June 11, 2020
  • Premium Real Estate

    Avenida’s plan for active seniors: No food service, no medical care, lots of fun

    The soon-to-open "active adult rentals" development eliminates food and medical services but packs in resort-style amenities and programming. 

    By Tom Bailey June 11, 2020
  • Real Estate

    Building permit sought to renovate historic buildings for restaurant, apartments

    Project plan is to convert upper floors of four, attached buildings into six apartments, and enlarge McEwen's restaurant.

    By Tom Bailey June 09, 2020
  • Real Estate

    City sells former vehicle inspection station

    The newest inspection station at 2355 Appling City Cove had been open only three years before the city closed them all seven years ago.

    By Tom Bailey June 08, 2020
  • Real Estate

    Memphis home sales fall 20% in May

    The pandemic gets the blame for putting a hard brake on home sales in the Memphis area. But the average price for homes continues to rise and the year-to-date sales volume is still ahead of 2019.

    By Tom Bailey June 08, 2020
  • Real Estate

    Crosstown’s curved, former flea market to become medical clinic

    The space that formerly housed the Cleveland Street Flea Market at 438 N. Cleveland is to become a medical clinic with a variety of services, a building document shows.

    By Tom Bailey June 04, 2020
  • Premium Real Estate

    Improved apartments, rising rent may force refugees from Binghampton

    Some see new investment and neighborhood improvements that can lift the area's quality of life. Others see rising rents and property values that displace neighbors who cannot afford to stay. One or both is happening at Binghampton's Woodcrest Apartments. 

    By Tom Bailey June 05, 2020
  • Real Estate

    New apartments, retail proposed next to Overton Square

    The mixed-use development comprises 29 apartment units and nearly 4,000 square feet of retail space.

    By Tom Bailey June 02, 2020
  • Real Estate

    Prospect of looters keeps board-up business busy

    A normal Memphis job for 1-800-BoardUp is being called to board up a business after a fire or storm. This week, the storm is civil unrest. Or the fear of it.

    By Tom Bailey June 03, 2020
  • Real Estate

    Demand grows for Southwest Memphis industrial space

    Southwest Memphis' warehouses may be older and shorter, but a lot of logistics companies like their quick access to interstates and their affordability.

    By Tom Bailey May 29, 2020
  • Real Estate

    Clark Tower goes to lender in foreclosure sale

    Wells Fargo offered the only bid — $43 million — to take ownership of the landmark building in East Memphis.

    By Tom Bailey May 27, 2020
  • Real Estate

    Shipping-container fence OK’d for blocking thieves at tire/repair shop

    Mot C Wheels at 4599 Millbranch lines three sides of its property with eight metal shipping containers to keep thieves out and to store tires.

    By Tom Bailey May 27, 2020
  • Real Estate

    Colorful store with fuel, fresh food proposed for Broad Arts District entrance

    A convenience store with nine colorful canopies, bike amenities and fresh food is proposed for the west entry to the Broad Avenue Arts District.

    By Tom Bailey June 05, 2020
  • Premium Real Estate

    Luciann theater’s new owner starts plans for adaptive reuse

    Work has already started to place the 80-year-old theater building on the National Register of Historic Places.

    By Tom Bailey May 27, 2020
  • Premium Real Estate

    Clark Tower’s ownership is changing, tenants told

    In-Rel Properties said in an email that the East Memphis landmark will change ownership due to the outcome of a legal case.

    By Tom Bailey May 26, 2020
  • Real Estate

    COVID-19 puts its stamp on commercial leases

    Across the Memphis area, new and amended commercial real estate leases are reflecting the pandemic and what such a "force majeure" can do to a business's ability to pay rent.

    By Tom Bailey May 26, 2020

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