Supporting local businesses starts at Where Grit Meets Growth
“You got an idea? We want you to know that we have your back,” said Memphis Mayor Paul Young.
Reporter
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
There are 120 articles by Dima Amro :
“You got an idea? We want you to know that we have your back,” said Memphis Mayor Paul Young.
An Asian restaurant leased out the former King of Spuds location at 5376 Knight Arnold Road, and the new tenant plans to start work on the site in the coming months.
According to Trezevant CEO, the center hasn’t been updated since the 1990s. Plus, two manufacturing buildings have been sold to a Texas company.
The move will support the ongoing preservation of the historic cobblestone river landing.
“It’s gone through a few iterations and we’re excited that someone’s picking up the ball and really pushing it to completion,” said the founder of Cnct. Design.
Funding will go toward three nonprofits with programs to support children dealing with trauma, death and stress through stage performances, art classes and instruments.
Plus a Playa Bowls location is planned for the Edge District. More locations could be on the way.
Plus, a Southaven retail strip has been sold.
June saw more sales than the same time last year as more homes joined the market and prices grew.
This Germantown barbershop has got new ideas for its new location. Plus, Germantown Station has been sold, and Champion Hills gets new leases.
“It’s like I’m blinded by all the moving parts that are going on behind the scenes that get us to the next starting point,” said one of the developers as the team plans next steps.
“This is the weekend that people start thinking about buying for fall and winter,” said Kendra Vickery, owner of Spoiled Sweet Boutique in Germantown.
Also, a construction firm is moving its headquarters, a discounted home-goods outlet is expanding and a former Walgreens and an Aaron’s Rent to Own building were sold.
Mortgage rates are good compared to 30 years ago, and homebuyers no longer have to offer over the listing price for houses, real estate experts say.
“There’s still some uncertainty out there with the tariffs, but at some point, businesses have to make decisions regardless of uncertainty.”
Also, Hattiloo Theatre backs away from church redevelopment, and Memphis Glass Works bought 8,156 square feet of industrial buildings in Olive Branch.
A plan to build a new jail and relocate every criminal and civil justice institution in Shelby County to the former Firestone plant site in North Memphis was presented to the Shelby County Commission.
The combined 363-room hotel will carry the Hyatt Centric flag.
The groundbreaking marks the beginning of phase one of the school’s $200 million campus improvement project, which includes three phases at the 95-acre campus at 6191 Park Ave.
Hattiloo Theatre has stepped away from the project. Now the Community Redevelopment Agency wants input about the historic Brick Church.
Beeline and Mallory Alexander International Logistics requested a PILOT to add 35 new jobs and ship directly to customers.
The group behind Amuse Adventure Museum and Memphis Escape Rooms is expanding its headquarters. And work is expected to start soon on new townhomes within Cooper-Young.
“We have a technology and energy storage specialist, and he was looking at hot points within the market of where power stored energy is needed,” said a company representative. “That’s what we found, that there was a need to have a battery in Memphis.”
The Center City Development Corp. also approved a $30,000 grant for Dawg Team, a pet apparel and accessories store that will also offer boarding and a self-serve dog wash.
The change is a result of “unforeseen regulator and economic uncertainties associated with the specialized health manufacturing industry,” according to documents.