[VSRJ]

This article in the CA about connecting the Beale Street entertainment district with Beale Street Landing includes a section about One Beale:

Whither Beale Street? Take it to the river

http://www.commercialappeal.com/news...-to-the-river/

One Beale, Carlisle Corp. founder Gene Carlisle’s $186 million plan for high-rise luxury hotel, condos and office space, was shelved in 2008 when commercial real estate lending dried up. Formerly occupied by a retail and dining complex called No. 1 Beale Street, it’s vacant and growing weeds behind chain link fences.

Carlisle, founder and chief executive, and his son Chase, manager of real estate, said they’re waiting on conditions to improve to the point that they can roll out a revamped development plan befitting the spectacular site overlooking Beale Street Landing and the river. One Beale will likely wait until their involvement in conversion of the Hotel Chisca apartment project plays out, they said.

The original plan included condominiums, which have no market in the foreseeable future. A hotel was in the mix, but city officials are trying to wrangle a way to finance new convention facilities to draw visitors to fill hotels.

“We work on this project every week,” Gene Carlisle said. “We know what we want to do. The market conditions and the financial markets have to come together to allow us to do that.”