The facility could be worth billions of dollars and be one of the most advanced computing sites in the world.

Plus, Gloss Nail Bar signs final lease, fully booking a Germantown shopping center.

The Downtown Memphis Commission’s anti-blight committee files lawsuits against blighted properties in Memphis that are inhabitable. The DMC said the litigation is the effective, but “last resort.” 

The development involves transforming the 712-unit Foote Homes into a mixed-income neighborhood with 393 replacement units, 126 mid-range affordable units and 193 market-rate units.

Also: Memphis’ first Waldo’s Chicken and Beer is now open and Plant Based Heat Express is making some changes at its Downtown location.

Mr. Lincoln’s Costume Shoppe will close its doors on Saturday, June 1, after 33 years of dressing Memphians for Halloween, Mardi Gras, costume parties, school plays, historical tours and other occasions. 

Collierville office building sold for $1 million, a Memphis retail center sold for $950,000 and Germantown Center has a new tenant. 

Chick-fil-A Uptown construction is moving forward, Villa Castrioti is expanding to Nashville, JamRack is now open and Belltower Coffee is serving food at Shelby Farms Park and introducing a membership program. 

A new mixed-use luxury hotel development has been proposed, including a 191-room hotel, a 65-unit condominium, a restaurant/bar, retail space and a parking garage. 

The 210-unit apartment building is phase one for the $100 million development planned by Carlisle Corp.

Ohio-based Cleveland Construction co-hosted an outreach event at the Springhill Suites Downtown Wednesday, May 22, to find subcontractors for Memphis’ tallest tower. 

Easy Divers Memphis is leaving Walnut Knoll for another Cordova location, and Professional Allied Health moves to Raleigh.

Graceland might have been used by Lisa Marie Presley as collateral for a loan, but there’s no deed of trust on file locally identifying the property as such. 

“Huge increase in April sales from last year,” said Memphis Area Association of Realtors President Scott Bettis in the report. “There was also a sizable jump from March, and we’re now up more than 10% in sales for the calendar year.” 

The upcoming Downtown game bar will feature 20 arcade games, an 8-foot Lite Brite and an authentic Philly, with rolls shipped from Philadelphia. 

Several restaurants have opened in Memphis this week, including a “breakfast, lunch and brunch spot,” a high-end Mexican restaurant, a Taiwanese-style bakery and something new in the old Local on the Square. 

Filmmaker Miroslav Mitic is opening the Dream Magic Daily Market on the ground floor of the Exchange Building. 

John’s Creek Shopping Center has a new tenant and Rejuvenate 901 is relocating to Collierville.

Developer Yehuda Netanel has fallen short in his attempt to obtain the necessary financing to save his The Lake District project in Lakeland.

The Land Use Control Board approved a 124-room extended stay hotel, more homes for Waverly Plantation in Millington and a new 14,000-square-foot mixed-use development in Cordova. 

A Cordova strip mall is 100% leased, Boutique Magnolia is relocating to a bigger space in The Shops of Wolflake in Bartlett and two multifamily buildings have been sold.

Centennial Place Shopping Center is up for sale, Trinity Ridge Business Center and Clark Tower have new tenants and Mi Escuelita doubles its space. 

The Memphis-based artisan coffee roaster, is closing its Downtown coffee shop and roastery. 

The apartment complex at 645 N. Front St. is part of the $75 million second phase of the 65-acre mixed-use development. The project was launched in 2016 to turn an abandoned industrial park in Uptown into a thriving neighborhood. 

Forked River Commons in Millington gains two tenants, Crosstown Shoppes signs two leases, Great Escape Coaching moves into a Ridgeway Center office building, and The Daily Memphian looks for a new home.