Plans for hotel on Main Street on top of Royal Furniture building
Exclusive: Developer buys Downtown furniture store, plans to build hotel on top
By Jacob Steimer – Staff Reporter, Memphis Business Journal
https://www.bizjournals.com/memphis/..._news_headline
New York developer recently purchased the Downtown Royal Furniture store, with hopes to build a hotel on top of it.
Tom Intrator — the man behind the redevelopment of 18 S. Main St. — bought the 122 S. Main St. building for $3.5 million. He told the MBJ Monday, Jan. 7, that he wants to renovate the existing structure into a high-end restaurant and build a boutique hotel on top of it.
"[Our] frontrunner [plan] has been to develop the existing structure to a very, very high-end [restaurant, and] go vertical over it, probably with a hotel," Intrator said. "What you’ll have from the outside looks like a blend of the original arch, with new architecture above it."