MEMPHIS | Development News

[DRG901]

Found this interesting from an article talking about the future management of Beale Street. It talks about the Tri State Bank site at Beale/Main-- which has been discussed as a possible Hard Rock Hotel but nothing confirmed. This mentions talk of an Embassy Suites on the site, not sure if anyone else has seen anything about that and I may have missed it? It also talks about re-developing the parking lot to the West towards the river to expand Beale.

Who can make Beale Street sing even louder? Ted Evanoff/Commercial Appeal. 5/6/17

http://www.commercialappeal.com/stor...der/101302254/

"Belz, a prominent Memphis developer, recently bought 180 Beale, an important corner fronting Main one block west of the historic district. While talk has surfaced about possibly building an Embassy Suites or other hotel on the site, Belz has not disclosed plans for the property, which was Tri-State Bank’s headquarters. The bank recently moved its head office to 1407 Union and spent $1 million expanding its Whitehaven branch."

[James Owen]

From what I can tell you, there have been some on-again, off-again plans to put an Embassy Suites hotel somewhere downtown over the last couple of decades. One of the first proposals I can remember would've replaced the surface parking lot across from Peabody Place on Second Street with a 10-12 story structure (including a garage), and a similar proposal was pitched for another surface lot right next to the Raymond James Tower at one point. Neither plan ever came into fruition.

Whatever becomes of these latest rumors is anyone's guess, though many would like to see the current Hard Rock Cafe be integrated into those plans.

[maximus10]

Why Drake & Justin Timberlake Love Memphis: Inside Its Bold New Renaissance

Just came across this article. Seems that opinions on the city are changing. Especially from the period from '08 to '10 where it seemed nothing good was happening and we were on all those terrible lists.

http://www.billboard.com/articles/ne...tel-food-drink

[DRG901]

Originally Posted by maximus10

Why Drake & Justin Timberlake Love Memphis: Inside Its Bold New Renaissance

Just came across this article. Seems that opinions on the city are changing. Especially from the period from '08 to '10 where it seemed nothing good was happening and we were on all those terrible lists.

http://www.billboard.com/articles/ne...tel-food-drink

[Wayward Memphian]

Anything positive in the Arkansas Delta benefits Memphis, even the Airport will see a few more passengers.

http://talkbusiness.net/2017/05/chin...p-to-800-jobs/

[TheKernel91]

Thoughts ? Now I can see the effect of this working for the Midtown market definitely.

Measure passed that Mayor says will help Memphis become next 'It City' http://www.bizjournals.com/memphis/n...p-memphis.html


"The policy will help EDGE fight to help grow the city's population alongside its normal goal of creating jobs, Strickland said, and will hopefully have an "immediate" effect on the Midtown skyline."

[DRG901]

Originally Posted by TheKernel91

Thoughts ? Now I can see the effect of this working for the Midtown market definitely.

Measure passed that Mayor says will help Memphis become next 'It City' http://www.bizjournals.com/memphis/n...p-memphis.html


"The policy will help EDGE fight to help grow the city's population alongside its normal goal of creating jobs, Strickland said, and will hopefully have an "immediate" effect on the Midtown skyline."

Hope so, Midtown is booming with retail, restaurants, etc now. Not many options for newer apartments or anything. I'd assume they'd fill up with no problem.

[DRG901]

Ted Evanoff: Making Movies in Memphis/ Commercial Appeal/ 5-20-17

http://www.commercialappeal.com/stor...irm/313064001/

[Johnny Ryall]

Long-Awaited Demolition at Foote Homes Begins
By Bill Dries/ Memphis Daily News

Foote Homes, the last large public housing project in Memphis, began coming down Tuesday, May 30, with a formal ceremony marking the start of demolition toward the broader South City redevelopment.

https://www.memphisdailynews.com/new...-homes-begins/

(Daily News/Houston Cofield)

[VSRJ]

It's been really quiet around here. Hopefully things pick up soon.

[Johnny Ryall]

Neighborhood Docs to expand healthcare coverage in Lamar Avenue corridor
Michael Waddell | High Ground News

“Two underutilized buildings (totaling 26,000 square feet) will be completely renovated and connected to create this medical facility,” said Lawrence. “It is quite a neighborhood improvement.” Self + Tucker Architects created the initial designs for the project, and the property owners will have five years under the terms of the Community Builder PILOT to complete the renovations and improvements. The project represents the third EDGE Community Builder PILOT, and EDGE hopes the work on the facility will spark future redevelopment in the neighborhood. The Community Builder PILOT program provides the same incentives that EDGE typically provides to industrial projects, but it is targeted to nonprofit and for-profit entities investing in urban revitalization.

http://www.highgroundnews.com/devnew...eCorridor.aspx

rendering Self+Tucker Architects

[Johnny Ryall]

TraVure developers plan East Memphis office project with Martins
Jacob Steimer, Reporter/ Memphis Business Journal

The development would include between 60,000 and 100,000 square feet of office space between two buildings.

http://www.bizjournals.com/memphis/n...t-memphis.html

image The Reaves Firm

[Johnny Ryall]

Methodist Stays Busy With Wave of Construction Projects
By Andy Meek/ Memphis Daily News

... Methodist University Hospital is pursuing a $280 million campus expansion and modernization project set for completion in 2019.

https://www.memphisdailynews.com/new...tion-projects/

(Photo courtesy of Methodist Healthcare)

[Johnny Ryall]

ServiceMaster Almost Ready for First Employees to Occupy Downtown HQ
By K. DENISE JENNINGS/ Memphis Daily News

Converting the 360,000-square-foot building from a shuttered shopping mall and movie theater to a global corporate headquarters was no small feat and required innovative design to bring more natural light into the core of the structure. To do so, 141 windows – many of them floor to ceiling – were added, along with a glass ceiling in the atrium as well as translucent interior walls that kill sound and flood light through the massive space. The building also includes a light harvesting system that brightens or darkens depending on the amount of sunlight available, which is reported to save between 20 and 60 percent on energy.

https://www.memphisdailynews.com/new...y-downtown-hq/

photo (K. Denise Jennings)

[DRG901]

Hernando Desoto Bridge getting new LED lights, will able to change colors like the Harahan.

"M" Bridge May Get New Lights Soon
Toby Sells/Memphis Flyer/ Fri, Jun 2, 2017 at 2:10 PM



https://www.memphisflyer.com/NewsBlo...ew-lights-soon

[Johnny Ryall]

FedEx St. Jude Classic celebrates 60 years
Meagan Nichols, Lead Reporter/ Memphis Business Journal

Number of volunteer hours — 25,000. Number of TV viewers — 18.7 million. Cumulative amount of money raised for St. Jude Children’s Research Hospital — more than $35 million. A Memphis tradition that dates back 60 years, the FedEx St. Jude Classic (FSJC) has arrived... “To have PGA Tour golf in Memphis for 60 years is something that definitely should be celebrated,” said Darrell Smith, tournament director for the FedEx St. Jude Classic. “A lot of communities out there would really like to have a professional golf event, and for us to have it for 60 years, and the way it is just woven into our community from a volunteer standpoint … it seems like every person you meet in Memphis has a story regarding the PGA Tour golf event in Memphis. It is unique and it is something that we really do treasure.”

http://www.bizjournals.com/memphis/n...-60-years.html

photo Meagan Nichols | MBJ

photo Meagan Nichols | MBJ

[Johnny Ryall]

Tennessee Brewery Developers Seeking Tax Incentives for Second Phase
By Patrick Lantrip/ Memphis Daily News

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development. William Orgel, Jay Lindy, and Adam Slovis, representing 495 TN Partners, are seeking the PILOT (payment-in-lieu-of tax) to construct an additional 130-unit, four-story building that is estimated to cost around $12.3 million.

https://www.memphisdailynews.com/new...-second-phase/

[Johnny Ryall]

Brewery announces opening date in Cordova
Elle Perry, Digital Producer/ Memphis Business Journal

The Memphis-area's latest brewery will open in the coming weeks. Meddlesome Brewing Co., located at 7750B Trinity Road near Shelby Farms Park, will officially open at 4 p.m. on June 30.

http://www.bizjournals.com/memphis/n...ning-date.html

[Johnny Ryall]

Southern College of Optometry parking lot could become residential development
Elle Perry, Digital Producer/ Memphis Business Journal

http://www.bizjournals.com/memphis/n...lot-could.html

[DRG901]

More good news for the Downtown office market, another corporate hq moving into One Commerce Square.

https://www.memphisdailynews.com/new...mmerce-square/