Developers buy historic Downtown Memphis building
The project could reflect growing investor interest in Downtown Memphis, fueled by increased activity and redevelopment along the Madison Avenue corridor.
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The project could reflect growing investor interest in Downtown Memphis, fueled by increased activity and redevelopment along the Madison Avenue corridor.
The developer expects 18 months of architectural work before breaking ground. The renovated building could also include up to 260 multifamily units and hotel space.
“Our shared future can only be created in community. And to do that, we’ll need to use the most efficient and productive platform humanity has yet devised: a bustling, busy, connected urban center.”
In the 1920s, the Napoleon Hill mansion was razed to make way for the skyscraper. But the land itself would be passed down through the decades to the descendants of the original family.
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