Central Yards receives tax incentive
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.
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.
The Binghampton Community Land Trust, the first of its kind in Memphis, was created after concerns about rising housing prices spurred by new development in Binghampton.
The firm buys a portfolio of seven retail strip centers, including four in the Memphis area.
Even with the tax-break incentive, Central Yards would still generate $7.7 million more in local tax revenues over 20 years than the same property would generate without the mixed-use development, according to the Downtown Memphis Commission.
OtherFoods Kitchen now serves 25 small businesses that make everything from take-home meals to bagels to gluten-free dog treats. The shared commercial kitchen rents its facilities by the hour, allowing startup businesses to avoid big overhead costs.
So far, $2 million of the $2.5 million goal has been raised to rebuild Overton Park golf course and renovate its Abe Goodman Clubhouse.
The firm’s plans for 2197 Central is just a block east of a much larger mixed-use development that is planned by another developer.
Police said the driver was treated for minor injuries and no one else was hurt Christmas night when a car crashed into the main lobby of the hospital at 1265 Union Ave. in Midtown Memphis.
The amount of the Mannings’ donation to the Overton Park golf course renovation was not revealed, but the contribution brings the amount raised so far to $1.7 million of the $2.5 million fundraising goal.
The Board of Adjustment approved zoning variances for both a service to the homeless and for the Railgarten entertainment venue. But the board imposed two-year sunset clauses on both approvals.
A planned, Cooper-Young subdivision of 11 lots on just 1.2 acres won approval from the Land Use Control Board after the developer made substantial changes to make the site connect better with with the neighborhood.
The 5.5-acre, $60 million mixed-use proposal for the north edge of Cooper-Young will next be reviewed by the City Council.
Among the 14 newest applications submitted to the planning board are ones to accommodate a short move by Third Church of Christ, Scientist, to allow construction of a Shelby County fire station, and to double the size of a Downtown condo development.
Christian Brothers University seeks approval for a 7.2-acre planned development it labels as its “North Campus.” The area is just southwest of South Hollywood and Avery.
The co-owners of Sonder Luxury Suites not only liked The Citizen’s location and vibe, they loved the built-in customer base living in its 173 apartments.
A 40,000-square-foot entertainment and arcade venue called High 5 has signed a letter of intent to be at Liberty Park. And that doesn’t include High 5’s planned, 25,000-square-foot miniature golf course.
King-Collins Golf Course Design has something of a cult following in the golf world for creating high-quality courses that are fun instead of difficult.
The Overton Park Conservancy already has raised nearly $2 million for a comprehensive renovation of the historic Overton Park golf course as well as for improvements to its Abe Goodman Clubhouse.
Fleming Architects believes it has met the challenge: Design a $60 million development of 348 apartments, parking structures and 53,000 square feet of retail so that it fits in with Cooper-Young’s older, smaller buildings.
The new owner is filling the place with antiques to open a shop. And instead of running from the building’s X-rated past, he may “lean into it.” But don’t worry, the idea involves whimsical branding, not adult entertainment.
Overton Park Conservancy is asking the public to complete by Nov. 30 a 21-question survey to help guide a new master plan for the park’s east side. The survey is found at www.overtonpark.org/zone1.
Much of the exterior of Overton Square’s Memphian Hotel is completed.
A site plan for 2847 Poplar shows a commercial building of more than 7,000 square feet and 36 parking spaces.
Museum’s leadership expresses confidence it can a meet a proposed city deadline: Within two years, add $13 million to the $12 million it has already raised to make Overton Park its new, expanded headquarters.
Link Apartments Broad Avenue will comprise two buildings totaling 370 units. But before it is built, a large, old warehouse must be demolished.