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By Updated: May 03, 2019 4:27 PM CT | Published: May 02, 2019 5:13 PM CT
  • Home sales decline
  • Rhodes College names interim vice president for student life
  • $40M building permit filed for One Beale Hyatt Centric hotel
  • Union Row touches Beale Street
  • Tesla service center opens in Memphis
  • Beale Street Music Festival three-day passes sold out, single-day tickets still available 

Home sales decline

Memphis-area home sales for April fell 0.9 percent from a year ago, with 1,708 total sales recorded by the Memphis Area Association of Realtors.

 But sales rose 11.6 percent from March, when 1,530 transactions occurred, the association reported Friday.

The average sales price in April compared to April 2018 fell 0.7 percent, to $177,889.

Inventory rose 6.6 percent; 4,056 units were for sale. Year-to-date sales volume rose 1.5 percent, to $990.4 million.  -- Daily Memphian Staff

Rhodes College names interim vice president for student life

Rhodes College president Marjorie Hass has named Dr. Darrell Ray as the college’s interim vice president for student life.

Ray will join Rhodes from the University of Memphis, where he most recently served as vice president for student affairs.

“The student life division at Rhodes is doing great work,” Ray said in a release. “I’m excited to join a team that’s focused on providing students the support they need to thrive at a national liberal arts and sciences college.”

Ray has a bachelors degree in criminal justice and a master’s in higher education administration from the University of Alabama, earned his Ph.D at the University of Georgia, and has taught in the higher education administration program at LSU’s College of Human Sciences & Education.

Other past roles of Ray's include assistant vice president of student affairs, associate dean of students, and director of the Center for Student Leadership and Involvement at LSU.

Ray will begin his new role as Rhodes’ interim vice president for student life July 1.

-Natalie Martin


$40M building permit filed for One Beale Hyatt Centric hotel

A $40 million building permit has been filed for One Beale’s Hyatt Centric hotel at 33 Beale Street.

The permit, valued at $40 million, was filed May 2 by 33 Beale Street Hotel Co. LLC,  and calls for construction of the new hotel as well as renovation of an existing building.

The new hotel will be nine stories, total 144,857 square feet and feature 227 rooms. Architecture firm HBG Design will design the project, and Uzun + Case will be the engineer.

-Natalie Martin


Union Row touches Beale Street

The accumulation of property for the planned Union Row mixed-use development extended again to Beale Street on Thursday.

Union Row LB LLC purchased for $2.5 million a piece of L-shaped property that fronts both Beale Street to the south and and Gayoso to the north, property records show.

That’s the same 1.44 acres where the sellers, KNM Development Group, got approval two years ago to build a five-story, 101-room Best Western Vib hotel. That hotel plan was dropped.

Union Row is the name for the planned, 29-acre development of apartments, hotels, retail, offices and green spaces.

Generally, the development will be bordered by Union on the north, Beale on the south, Fourth on the west and Lauderdale on the east.

With Thursday’s purchase, Union Row developer Kevin Adams has now closed on at least six properties totaling 9.34 acres. That is more than 32 percent of the 29 acres that Union Row is to comprise.

Phase 1 alone calls for 673 apartments, a hotel of 200 rooms, 85,000 square feet of commercial space, 344,000 square feet of office space and 1,327 parking spaces in two parking structures.                                                                     

-Tom Bailey


Tesla service center opens in Memphis

Tesla Inc. opened a new service center in Memphis on Monday at 5851 Advantage Cove.

The center, which is part of Tesla’s increased investment in service in 2019, will conduct all repair procedures for Tesla vehicles including software diagnostics and resolutions, hardware adjustments and parts replacements, Tesla spokesman, Rich Otto, said in an emailed statement Wednesday.

“As we continue to see more new Tesla owners in your region, it’s important to us that local residents can conveniently get their car serviced by our expert technicians, either by visiting a brick-and-mortar location or scheduling mobile service for at-home inspections and repairs,” Otto said.

Customers can make appointments at the new service center by logging into their online Tesla account, calling the Tesla service hotline or by using the Tesla Mobile App.

-Natalie Martin


Beale Street Music Festival three-day passes sold out, single-day tickets still available 

Memphis in May International Festival announced Thursday that all three-day passes for the Beale Street Music Festival have officially sold out.

Single-day tickets for the three-day, four-stage event can still be purchased for $60. The annual music fest begins Friday evening and runs through Sunday, May 5.

-Natalie Martin

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