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.
Concerned about increased traffic and building height, the Red Acres Neighborhood Association has asked for a delay in plans for redeveloping part of Poplar Plaza for both apartments and retail.
Following the early shock of COVID-19, the positive July sales reflect acceptance of a "new normal'' in the local real estate market, one Realtor believes.
The Land Use Control Board in September is to consider applications for three convenience stores with gas, plus a truck stop. And those are hardly all of the proposals floating about.
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 city applied for a building permit Aug. 5 for a $12 million fleet maintenance facility and fuel center at 3720 Knight Arnold Road in southeast Memphis.
Union Row's new name reflects Downtown’s walkability, emphasizes action over talk (walking the walk), and focuses on people, the developer says.
The Planning Commission endorsed Boyle Investment Company's proposal of 256 multi-family units at Schilling Farms. The Water Tower District will add townhomes, duplexes, triplexes and flats to Schilling Farms.
The Wichita, Kansas-based chain first opened a Freddy's in the Memphis market in 2017, and now operates three restaurants in the area.
Construction is to start next week on the $1 million Phase I. The sunken, two-block-long former rail spur will become a space for gathering, entertainment, dining, playing and shopping in the Edge District.
50 North Front has invested more than $5 million in the multi-tenant, 336,483-square-foot office tower at 50 N. Front St. since purchasing it in 2015.
Developers cite the economic effects of the pandemic in seeking different and new tax incentives. The first phase of the development is estimated to cost $741 million.
The proposed senior living facility would be on 14 acres and would not affect golf at Windyke Country Club.
The $30 million project would renovate and convert a 120-year-old warehouse at Front and Vance, create 165 apartment units, 10,000 square feet of commercial space, and 100 parking spaces.
The latest proposal more tightly controls traffic flow and aspires to blend better with Broad's old buildings. But the opposition leader says the development would still be an unwanted gas station.
JCAP common stockholders will receive $17.30 per share in cash, according to the agreement.
Among the terms of the grant, applicants must make a “best faith effort” to reach out to minority- and women-owned business enterprises (MWBEs) for consulting/contracting opportunities.
Changes to the bonding formula for new projects in Bartlett should result in savings for developers.
A South Carolina real estate investment firm just bought the Southwind area's 817,000-square-foot warehouse that had been used for decades by Nike.
Owners have spent nearly $11 million building Grind City Brewery Co. near Uptown. They are frustrated that the taproom's opening has been delayed for months while they wait for MLGW to move a power pole from the middle of the access drive.
The proposed "Pre-Development Assistance Grant" would provide up to $5,000 for such costs as marketing studies, architecture, engineering and environmental assessments.
Rooziman and Nighat Shah have just bought 45 acres at Hacks Cross and Shelby Drive, with plans to build a convenience store/gas station as well as a 16,000-square-foot shopping center on the corner. They own more than 100 C-stores in and around the Memphis area.
The current plan for the adaptive reuse of the Nylon Net Building is to build 199 apartments and a two-level parking structure with 230 spaces.
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
Opponents' reasons can be grouped into about 10 categories, from traffic congestion to environmental concerns over underground gas tanks. Still, the Office of Planning Development has recommended the C-store be approved because the area around it has become more commercial. But now the case may be delayed until late August.