MEMPHIS | Development News - Page 237

James Owen · #**4721** Posted **Jun 30, 2018, 11:20 AM**

Quote:

Originally Posted by Jack1175

Ik that the airport is getting renovated with like the b concourse, but is the renovation just gonna be the inside of the concourse or the outside too, this is probably a stupid question but, just wondering

Based on information from the airport's website (http://www.flymemphis.com/modernization), two sections of Concourse B are getting a total rebuild while the other section (which is currently being used for international arrivals) will remain in place for the foreseeable future depending on demand.

Wayward Memphian · #**4722** Posted **Jun 30, 2018, 2:54 PM**

Quote:

Originally Posted by James Owen

Based on information from the airport's website (http://www.flymemphis.com/modernization), two sections of Concourse B are getting a total rebuild while the other section (which is currently being used for international arrivals) will remain in place for the foreseeable future depending on demand.

Considering the current rate of growth, they should have just done all of B instead of waiting for the other 1/3rd. Construction costs will only gwt more expensive. Here are some recent comments made by Brockman on via Memphis Daily News and WKN

Quote:

The airport is preparing to break ground to consolidate the A and C concourses into a B concourse that Brockman and airport planners refer to as “Main Street” or “the spine.”

A and C won’t be demolished. They will go into a “soft mothballing,” which will leave the airport flexible for whatever the future may bring.

The airport authority originally wanted to build out all 42 gates on B at once. But when the authority consulted with the air carriers at MEM, the idea was vetoed because of uncertainty about what’s next for the airline industry.

The consolidation into the B concourse will be 23 gates, up to but not including the western leg of that, which is a second phase of an additional 18 to 19 gates depending on the size of the gates.

The project, which will include higher ceilings, a broader concourse and more natural light, has a total cost of $214 million.

Brockman said the B concourse could see a return to the passenger count of the days of the Delta hub.

“I honestly believe that the B concourse will easily get us … back to the numbers we had when the hub was truly rocking and rolling – which was about 6 million enplanements – 12 million passengers,” he said. “Then along the way we decide what happens to A and C. And we are talking to a number of different carriers. The challenge I have right now is with only building out those two sections of B – we only have six vacant gates. So let’s say we add some other carriers. We’re really running out of gates.”

Meanwhile, Brockman believes the consolidation of airlines that he views as “great for the airlines, not so great for passengers” is almost done.

“From the standpoint of Memphis, we still have growth that we can do. There are still markets we will get and add to our system,” he said. “I think there is an opportunity for us to look and capture back that 300- to 500-mile range of flights that used to be so well served by Northwest.”

https://www.memphisdailynews.com/new...-delta-de-hub/

Johnny Ryall · #**4723** Posted **Jun 30, 2018, 7:33 PM**

With a newly extended bounty, EDGE’s Residential PILOT hopes to help make Memphis the next ‘it city’
By Patrick Lantrip/ Memphis Daily News

https://www.memphisdailynews.com/new...taking-flight/

Quote:

Construction is progressing quickly at The Citizen apartments at Union Avenue and McLean Boulevard in Midtown.

photo (Memphis News/Houston Cofield)

photo (Memphis News/Houston Cofield)

https://www.memphisdailynews.com/new...taking-flight/

Johnny Ryall · #**4724** Posted **Jul 1, 2018, 11:09 PM**

Free slideshow of the 300 Court Avenue Building that is getting a $39 Million redevelopment into multi-family housing.

Cover story: Calif. investor Goldman found more in Memphis than real estate deals
By Jacob Steimer – Reporter, Memphis Business Journal

https://www.bizjournals.com/memphis/...d-more-in.html

Johnny Ryall · #**4725** Posted **Jul 1, 2018, 11:22 PM**

Not much of a photo preview, but obviously more than just a prominent intersection upgrade.

County Commission supports plan to invest $42 million in East Memphis
By Jacob Steimer – Reporter, Memphis Business Journal

Quote:

Shelby County Commissioners expressed strong support Wednesday for more tax dollars to be allocated to East Memphis infrastructure improvements, which proponents say will drive $499 million in private investment.

https://www.bizjournals.com/memphis/...invest-42.html

MBJ

Johnny Ryall · #**4726** Posted **Jul 1, 2018, 11:31 PM**

Billion-dollar expansion planned at Arkansas steel plant
By Mary Cashiola – Managing Editor, Memphis Business Journal

Quote:

Less than a year and a half after beginning operations, Big River Steel is planning a billion-dollar expansion at its Arkansas steel plant.

https://www.bizjournals.com/memphis/...sas-steel.html
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Osceola, Arkansas – Site Work for Big River Steel LLC
EUTAW Construction

http://eutawconstruction.com/2015/09...er-steel-llc/#

Wayward Memphian · #**4727** Posted **Jul 2, 2018, 12:29 PM**

Quote:

Originally Posted by Johnny Ryall

Billion-dollar expansion planned at Arkansas steel plant
By Mary Cashiola – Managing Editor, Memphis Business Journal

https://www.bizjournals.com/memphis/...sas-steel.html
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Osceola, Arkansas – Site Work for Big River Steel LLC
EUTAW Construction

http://eutawconstruction.com/2015/09...er-steel-llc/#

image EUTAW Construction

image EUTAW Construction

It should be noted that Nucor up the road has been expanding as well.

Johnny Ryall · #**4728** Posted **Jul 4, 2018, 2:28 PM**

Hotel Planned For Fourth and Beale Vacant Nightspot
By Bill Dries/ Memphis Daily News

Quote:

Plans for a five-story, 120-room hotel on the northeast corner of Fourth and Beale Street go to the Center City Revenue Finance Corp. Tuesday, July 10, seeking a 15-year tax break for the $16 million project. The proposal by TCH Memphis LLC would demolish the existing vacant nightclub at 380 Beale Street...

...Nick Patel of TCH Memphis is also the developer of a 140-room Hilton Garden Inn currently under construction on Union Avenue across from AutoZone Park where the Greyhound bus station once stood. TCH, which is also known as Turkey Creek Hospitality of Knoxville, also has plans for a Holiday Inn Express on the same block.

https://www.memphisdailynews.com/new...ant-nightspot/

maximus10 · #**4729** Posted **Jul 5, 2018, 6:24 PM**

Downtown redevelopment includes restaurant, speakeasy, yoga studio, office space

https://www.bizjournals.com/memphis/...estaurant.html

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maximus10 · #**4730** Posted **Jul 5, 2018, 6:29 PM**

Multimillion-dollar building permit filed for Germantown outdoor venue

https://www.bizjournals.com/memphis/...filed-for.html

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Johnny Ryall · #**4731** Posted **Jul 6, 2018, 4:17 AM**

Rendering.

Details revealed for The Inn at Beale Street
By Greg Akers – Editor-in-Chief, Memphis Business Journal

https://www.bizjournals.com/memphis/...le-street.html

Johnny Ryall · #**4732** Posted **Jul 7, 2018, 1:21 PM**

Dug up a couple articles the Memphis Flyer published earlier in the year.

Apartments Planned at South Main, Overton Square
By Toby Sells/ Memphis Flyer

Quote:

Developers want to build a three-story, 7,500 square-foot building at the corner of G.E. Patterson and Front Street, in a project worth more than $1.6 million. The .63-acre site sits on property vacated when the original Downtown Blue Monkey burned in 2005. A group of developers, organized under the name 529 S. Front Street LLC, applied for a nine-year payment in lieu of taxes (PILOT) deal from the DMC’s Center City Finance Revenue Corp.

https://www.memphisflyer.com/NewsBlo...overton-square

image Center City Revenue Finance Corp.

Quote:

An Olive Branch developer is planning a $1.9 million, 16-unit apartment building just west of Overton Square at the intersection of Diana and Monroe. PMT Investments Inc. hopes to build a three-story, 11,000 square-foot building in the white-hot real estate market and says it needs 11 years of government assistance to get it done.

https://www.memphisflyer.com/NewsBlo...overton-square

image Memphis Flyer

https://www.memphisflyer.com/NewsBlo...overton-square

Johnny Ryall · #**4733** Posted **Jul 7, 2018, 1:26 PM**

A new project leaves uncertain future for a Memphis institution
by Maya Smith/ Memphis Flyer

Quote:

On the large vacant lot to the east of the bar, where the BellSouth building once stood, developers 1544 Madison Partners want to build a gated 230-unit apartment complex spanning four buildings.

https://www.memphisflyer.com/memphis...t?oid=11816711

maximus10 · #**4734** Posted **Jul 7, 2018, 4:00 PM**

Quote:

Originally Posted by Johnny Ryall

Rendering.

Details revealed for The Inn at Beale Street
By Greg Akers – Editor-in-Chief, Memphis Business Journal

https://www.bizjournals.com/memphis/...le-street.html

[IMG]

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memphisborn · #**4735** Posted **Jul 7, 2018, 11:45 PM**

Quote:

Originally Posted by maximus10

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This would be a nice addition to Beale st & get rid of blight

DRG901 · #**4736** Posted **Jul 8, 2018, 8:28 PM**

Quote:

Originally Posted by maximus10

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This is a great improvement, pretty much across from the Forum.. hopefully will spur development on the East end of Beale and on 4th towards Union. That intersection just feels like a dead end into nothing with everything else going on to the West.

James Owen · #**4737** Posted **Jul 8, 2018, 10:42 PM**

Quote:

Originally Posted by maximus10

This project coupled with the other hotel (a Vib by Best Western) being built nearby on Gayoso would add some nice density to the eastern end of Beale. Now if only something could be done to that big parking lot at Beale and Danny Thomas next.

DRG901 · #**4738** Posted **Jul 10, 2018, 9:00 PM**

$50M development with housing, brewery and golf proposed for Uptown-- by David Royer, Updated at 03:26PM, July 10, 2018 / WREG

Think we may have a hint about Top Golf location...

"MEMPHIS, Tenn. — A Memphis developer plans to invest more than $50 million in the Uptown area to build residential units and entertainment facilities on the east side of the Wolf River harbor across from Harbor Town, according to documents submitted to the city."

"Developers plan 400 multifamily and single-family housing units, and are “in negotiations with a craft brewery operation and a golf entertainment facility” that would be located in the development. Historic district status is also planned."

https://wreg.com/2018/07/10/50m-deve...-river-harbor/

maximus10 · #**4739** Posted **Jul 10, 2018, 10:14 PM**

I assume the “golf entertainment facility” means a Topgolf.

James Owen · #**4740** Posted **Jul 10, 2018, 10:47 PM**

Quote:

Originally Posted by DRG901

$50M development with housing, brewery and golf proposed for Uptown-- by David Royer, Updated at 03:26PM, July 10, 2018 / WREG

Think we may have a hint about Top Golf location...

"MEMPHIS, Tenn. — A Memphis developer plans to invest more than $50 million in the Uptown area to build residential units and entertainment facilities on the east side of the Wolf River harbor across from Harbor Town, according to documents submitted to the city."

"Developers plan 400 multifamily and single-family housing units, and are “in negotiations with a craft brewery operation and a golf entertainment facility” that would be located in the development. Historic district status is also planned."

https://wreg.com/2018/07/10/50m-deve...-river-harbor/

Sounds about right, though it might not be a Topgolf that ultimately goes there. It could be one of their competitors like DriveShack that could possibly be a part of that development.