Houston company plans to turn two blocks of Downtown into a tech hub
Legacy Power Capital’s proposed project includes a 125,000-square-foot innovation center, 200,000 square feet of retail space, an 800-room hotel and 700 apartments.
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 177 articles by Dima Amro :
Legacy Power Capital’s proposed project includes a 125,000-square-foot innovation center, 200,000 square feet of retail space, an 800-room hotel and 700 apartments.
A St. Louis-based facial spa leased a space on Sanderlin Avenue. Also, a senior center is opening in Hickory Hill.
Real estate experts discussed local market growth and trends at The Daily Memphian’s Commercial Real Estate: Review and Forecast Seminar.
The 129-year-old building, which was added to the National Register of Historic Places in 1983, is owned by Juan Montoya, who bought it in 2016 for $59,000, according to deed records.
The Chapter 11 bankruptcy filing allows one of the city’s oldest firms to restructure its organization to pay back creditors while continuing to operate.
The local investors called it “the best office building in Memphis.”
The two Downtown Memphis structures will be renovated. And for one of the spaces, the new updates “places pedestrians first.”
The Downtown Memphis Commission’s Design Review Board approved facade designs and renovation plans for the restaurant and the brewery.
The deal has been in the works for more than a year and came together as part of USPS’s 10-year Delivering for America plan — a more than $40 billion project.
The Collierville location will be the second Back Nine Golf planned for the Memphis area, and Herman expects to open another spot in Lakeland.
“There’s so much positive news out there, and I’m blessed to be able to see it firsthand and be actually involved in it,” said the new chairman, who plans to help make Downtown a thriving area for residents — and visitors.
The Wolf River Conservancy and Ducks Unlimited partnered to protect 700+ acres of wetlands in Collierville, Piperton and Rossville.
A 48-unit apartment complex sold for $2.6 million, while a Memphis industrial building sold for $3.6 million.
Real estate experts will discuss Memphis’ growing markets at The Daily Memphian’s Commercial Real Estate: Review and Forecast Seminar on Thursday, Dec. 4, at Memphis Botanic Garden.
Initially, the grocery store was slated to open in October 2024, then moved to January 2025. Now, the developer is unsure when the project will happen.
It will feature the TacoNGanas trailer-style experience with drive-thru service, walk-up windows and picnic-table seating under a canopy.
The Peabody’s world-famous Duck March continued uninterrupted.
Multiple South Memphis businesses received a total of $75,000 in small business loans.
The Downtown Memphis Commission’s Center City Development Corp. awarded Catherine and Mary’s, Kuya and Ten Nail Bar money for renovations. The board also approved a change to a grant request for Baron Von Opperbean.
Also, a new jewelry store is headed to East Memphis and an HVAC company is consolidating operations.
With the help of the PILOT, 5c plans to add 15 new jobs with an average wage of $103,400, according to the EDGE documents.
Retail clothing store Akira expects Memphis to be a strong market for it because of the company’s current e-commerce business.
Target’s plan for a new store in Millington is moving forward with the big-box retailer buying 11 acres for $2.3 million.
Anyone who’s ever dreamed of working at Memphis’ vertical village will finally get their chance. Crosstown CoWork has a space for remote workers looking for a desk.
Also, a vascular surgery center featuring positive pressure ventilation between the rooms will open in East Memphis.