Marriott extended-stay hotel opens first Memphis-area location
StudioRes by Marriott opens as Memphis sees an influx of both contractors spurred by SpaceXAI’s local growth and law enforcement officials as part of the Memphis Safe Task Force.
StudioRes by Marriott opens as Memphis sees an influx of both contractors spurred by SpaceXAI’s local growth and law enforcement officials as part of the Memphis Safe Task Force.
Also, Alterra IOS buys a Southeast Memphis property, and a locally owned business levels up with a larger location.
The $2.7 million second phase will have 14 units arranged around a central courtyard, a mix of triplexes and duplexes. Construction could start by the end of the year and be done late next year.
New York-based Left Lane Development, operating as Falls Building Property Owner, bought the 156,000-square-foot building in May 2022 for $10 million with plans to convert it from office to residential.
Behind the seasonal magic is months of planning, scouting and scheming, all leading to the moment an empty storefront reopens as a fully stocked Halloween shop that announces All Hallows' Eve has arrived.
A study from the Shelby County assessor of property shows Memphis property values and rent have been unaffected by data centers, lining up with national trends.
The hopes of resurrecting Memphis Motorsports Park drove into the ditch, as the former auto racing venue south of Millington is back on the market.
Living Spaces looked at a Cordova site in 2021 but didn’t build there. Now it has bought the former IKEA store in the Wolfchase area.
Also, Keystone Capital makes first commercial real estate purchase, and a mixed-use building is opening in the South Main District.
Living Spaces explored Memphis in 2021, filing a site plan with the Memphis and Shelby County Division of Planning and Development for a large furniture store.
The businessman painted a stark, dire picture of Downtown.
The Union Depot development continues to move forward, but the Guffin Estates residential development hits a snag before the Planning Commission because of the size of lots.
The second phase of development for Belle Mont in Crosstown, which will include affordable duplex housing, has applied for a PILOT grant.
It’s one of two payment-in-lieu-of-taxes applications the Downtown Memphis Commission’s Center City Revenue Finance Corp. will hear at their Oct. 13 meeting.
The 27,249-square-foot adaptive reuse, called “The Leath,” will have 34 residential units.
Though there is no official word yet on what will move into the space, we asked Daily Memphian readers what they think the unnamed retailer might be.
North Mississippi continues to see renewed large-scale industrial activity — this time with a California-based yoga brand. Plus, MVP3 is getting a Downtown space on Front Street.
Jeff Dawson, operating as Nacks Properties LLC, bought the Poplar Avenue building currently home to Miestro, a home theater systems store, for $750,000.
The giant, blue building was bought by a retailer.
Residents had mixed feelings about both selling their home to SpaceXAI and the noise its power plant creates.
Assessor Javier Bailey Sr. says empty Downtown office towers and lost tourism spending are shrinking the county’s tax base. He is planning a November summit to build a five-year strategy.
The building, owned by the same family since 1918, will have three boxcar-style kitchens, a bar, a stage and a planned video game room.
Two women are teaming up on an affordable-housing development in North Memphis, another move in the momentum to bring more new homes to the city.
“Because of the energy infrastructure that (Elon Musk is) getting, not just from Tennessee but also from Mississippi, you could see the greatest boom since FedEx in this town. You need to double down here.”
A new Academy Sports in Millington is part of a stream of businesses coming to the North Shelby County suburb.
The second oldest church in Memphis, First Presbyterian Church has been at the corner of Poplar Avenue and B.B. King Boulevard since 1832. After 194 years, its flock is searching for a new home.
“I would say that the repurposing of former retail spaces to owner-occupants or local investors has kind of been our sweet spot,” said one of the brokers in this week’s transactions.
Jerry and Diane Coletta sold the 8,800-square-foot building on Monday, Sept. 21, to Dulce Lucero Mejia and Humberto Camarena Padilla, the owners of a nearby Casa Mexicana location.
At the corner of Second and Madison, four stories of an 116-year-old building have remained vacant. A local investment team plans to open it up to residents and business once more.