New developer plans to revive blighted South City building
A new real estate development company plans to transform a blighted, long-vacant commercial structure into retail space and apartments.
There are 245 article(s) tagged Downtown Memphis Commission:
A new real estate development company plans to transform a blighted, long-vacant commercial structure into retail space and apartments.
Center City Revenue Finance Corp. board members are to review its policies for giving tax incentives. Possible changes may include syncing incentives to existing growth plans, simplifying the policy, and tightening the amount of incentives without slowing development.
There’s nothing common about the new residential development that is to open March 1 in Uptown. The first phase features two rows of rental cottages that face each other across a 30-foot-wide courtyard.
The Downtown Memphis Commission has hired a search committee consultant to help meet its goal of identifying by Feb. 25 the final candidate for the CEO/president position.
A fire early Saturday morning heavily damaged a 120-year-old building in the historic Pinch District.
The owner of Alcenia’s restaurant is receiving help from multiple organizations to buy and improve her Pinch District building. And the owner of a historic Film Row building receives help to renovate the exterior of the Art Moderne structure.
The Center City Revenue Finance Corp. voted unanimously in support of $129.5 million worth of public incentives for One Beale’s fourth phase, plus a 5 percent tax surcharge on One Beale customers that is projected to generate another $139 million over 30 years.
First, Chance Carlisle dropped his plan for an office tower at One Beale. More recently, he scrapped his plan for a tower that would have housed 150 hotel rooms and 240 apartments and condos. Now, he plans to build a 350-room Grand Hyatt hotel that would double as an extraordinary landmark for Beale Street.
Concerns about the spread of the coronavirus forced organizers to cancel the Whitehaven Christmas Parade and the Memphis Holiday Parade.
Despite a few questions, the Center City Revenue Finance Corp. board voted unanimously to fund a $62 million plan to improve parking, walking and cycling Downtown. The City Council and County Commission still must approve the project.
Architect and urban planning consultant Ray Brown will serve as Downtown Memphis Commission’s interim president for up to six months starting Jan. 1.
Beginning today, South Main will look a little brighter.
A 7.5-square-mile area will be served by a fleet of passenger vans that fill the big gap between fixed-route buses and the personal, more expensive rides from taxis and Uber.
The package of projects that includes a $42 million “Mobility Center” is designed to balance the needs of those hunting for a parking spot with those walking around Downtown and the riverfront.
A plan to improve and enhance – maybe even solve – Downtown’s parking and walking challenges has many parts to it. Here’s a guide to help make it easier to digest.
The Downtown Memphis Commission is proposing a comprehensive solution to parking and pedestrian shortcomings.
The “Open on Main” initiative has won a Pinnacle Award from the International Downtown Association.
The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project.
Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.
The proposed "Pre-Development Assistance Grant" would provide up to $5,000 for such costs as marketing studies, architecture, engineering and environmental assessments.
The restored columns of the circa 1840s Pillow-McIntyre House at Adams and Orleans were reinstalled last week, signalling at turn in fortunes for a sometimes forgotten house with some secrets.
South City businesses and nonprofits now need only to make a 10% match – instead of 25% – to receive up to a $50,000 grant to improve the exterior of their buildings.
The Downtown Memphis Commission staff recommends that grants for exterior improvements to South City businesses start covering 90% of the costs instead of 75%.
Project plan is to convert upper floors of four, attached buildings into six apartments, and enlarge McEwen's restaurant.
The Downtown Memphis Commission has just unveiled a draft master plan that could guide Downtown development for the next decade. The DMC will seek public response through June.