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Editorial Results (free)

1. Southwest Memphis Apts. Sell for $1.9 Million -

A southwest Memphis apartment complex has sold for $1.9 million.

An entity named AML 1003 LLC purchased the 64-unit Class D complex at 1952 Philsar St. from Longview Heights Partners, according to a Nov. 13 warranty deed. The seller is affiliated with The 1987 William Epstein Irrevocable Trust.

2. Southwest Memphis Apartments Sell for $1.9 Million -

A southwest Memphis apartment complex has sold for $1.9 million.

An entity named AML 1003 LLC purchased the 64-unit Class D complex at 1952 Philsar St. from Longview Heights Partners, according to a Nov. 13 warranty deed. The seller is affiliated with The 1987 William Epstein Irrevocable Trust.

3. Editorial: Changing the Blurred Lines of College Athletics -

At the outset of another Tiger basketball season, a reminder of a past season that’s officially not on the record books of the NCAA surfaced to talk about that season at the University of Memphis.

University of Kentucky coach John Calipari has had little to say about the 2008-2009 season at Memphis that was voided because of questions about the eligibility of Derrick Rose, now an NBA star with the Chicago Bulls.

4. Achievement Schools Opposition Finds Frustration -

Charter school operators who are being considered for the next round of schools entering the state-run Achievement School District are facing the most organized opposition effort in the three-year history of the district in Memphis.

5. Winless SMU on Tap for 3-3 Tigers -

They aren’t No. 18 East Carolina and they aren’t winless SMU. Halfway through the 2014 season, the Tigers are in the middle. The University of Memphis is 3-3 overall, 1-1 in the American Athletic Conference and in a large pack of teams whose seasons could yet reach lofty heights … or tumble down to the lowly place everyone knows too well.

6. Start Co. Post-Acceleration Efforts Help Startups -

Graduation from a Start Co. startup accelerator and making a pitch to investors at the organization’s “Demo Day” is no longer the last stage to cross before entrepreneurs head out into the wild to sink or swim.

7. Blueprint for the Future -

It was 1992, and architect Joey Hagan was searching high and low for space for his own office.

He turned to his friend David Schuermann – the two had previously worked together at Bologna and Associates – whose firm at the time, DMS Architects, had an office at 88 Union Center Downtown.

8. Start Co. Steers Accelerators Toward Demo Day -

Memphis’ startup community is in the throes of its busiest summer in memory.

The Start Co. organization is running four startup accelerator programs at the moment simultaneously, compared to past undertakings that involved one accelerator at a time. The four programs underway now include Seed Hatchery, Upstart, SparkGap and Sky High, and they include the participation of more than two dozen teams, some of which hail from Memphis and others from around the country.

9. Networking How To’s -

One of the best ways to advance a career in a competitive market is through networking. In many ways, it’s both the easiest and hardest part of a search. Today, I received two questions on the topic of networking best practices.

10. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

11. Out With the Old -

A small group of people gathered last week in the front room of a new Southwest Memphis housing development for senior citizens.

The scene marked the ending of one era in public housing and the start of another as the doors opened to the newest facility in the nearly 20-year makeover of public housing.

12. Carnival Memphis Celebrates Trucking Industry -

Trucking industry representatives and employees packed the spacious Tennessee Ballroom at Hilton Memphis, the gleaming glass hotel in East Memphis, for Carnival Memphis’ salute to the trucking industry.

13. Armstrong Relocation Owner Shares ‘Only in America’ Story -

When Tom Watson was a child, his father and uncle bought what was then known as Armstrong Transfer and Storage Co.

14. Upward Mobility -

In hindsight, the story started exactly as it should have.

Recruited by a headhunter to move from South Carolina to Memphis, Chuck Haddad packed up the family – wife Darlene and sons Garen and Jered – and came for a job that he would lose, forcing him to make a life-changing decision.

15. Fourth Annual MED Night Raises Hospital Awareness -

“Celebrate good times, come on!” The song by Kool & the Gang – this year’s MED Night: A Soul Celebration headliner – pretty much encapsulates not only the night, but the overall feeling about Regional One Health’s vision and new direction.

16. Taylor Promoted to Account Supervisor at Red Deluxe -

Kelsey Taylor has been promoted to account supervisor from account manager at Memphis-based advertising agency Red Deluxe. Taylor joined the firm in 2011 and leads the firm’s work for Baptist Memorial Health Care Corp. and the Elizabeth Glaser Pediatric AIDS Foundation in Washington, D.C.

17. School Board Approves 10 School Closings -

The Shelby County Schools board voted Tuesday, Feb. 25, to close 10 Memphis schools with the new school year.

But the final plan approved by the board on a split vote and recommended by superintendent Dorsey Hopson gave a one-year reprieve on closing Northside High School, removed Alcy Elementary School from the list completely and keeps Riverview Middle School open but closes neighboring Riverview Elementary School to make Riverview Middle a k-8 school starting next August.

18. Telling Her Own Story -

Long before she was running her own business and co-writing a book, “Women in High Gear,” Amy Howell was a little girl in overdrive.

19. Carver, Westwood Off School-Closing List -

Carver High School has survived another attempt to close it.

Small and declining enrollment at Carver since the 1980s led Memphis City Schools leaders to propose closing the school several times. And in April, Shelby County Schools leaders put the South Memphis high school on a list of schools for possible closure, citing low enrollment, under-utilization of the building and low student performance.

20. School Board Approves Germantown Schools Agreement -

Shelby County Schools board members approved an agreement with the forming Germantown Schools municipal district Tuesday, Dec. 10, that SCS superintendent Dorsey Hopson said kicks off a period of even greater change for public education in Memphis.

21. This week in Memphis history: November 29-December 5 -

2012: The Yorktown, a 257-foot cruise boat, left Memphis after a two-week stay on the Memphis riverfront because of Hurricane Sandy on the Atlantic Coast. Sandy caused the cruise ship to arrive in Memphis a week early. Meanwhile the Grand Caribe cruise ship was due the second week in December. The Queen of the Mississippi was in Memphis that Nov. 24 in advance of 24 scheduled stops in Memphis in 2013. The American Queen, the world’s largest steamboat, was due in its homeport of Memphis that Dec. 2.

22. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

23. GiVE 365 Grants $88,000 to 12 Nonprofits -

The Community Foundation of Greater Memphis made it easier for a dozen Memphis nonprofits to continue the good they do in the community when it announced the recipients of this year’s GiVE 365 grantees last week.

24. Districts for Low-Performing Schools Make Picks -

After one school year watching each other, leaders of the state-run Achievement School District and the countywide school system’s set of Innovation Zone schools got together this summer to compare notes and figure out which low-achieving schools each would take for the 2014-2015 school year.

25. Achievement School District and Innovation Zone Choose Third-Year Schools -

Leaders of the state-run Achievement School District and the countywide school system’s Innovation Zone schools have picked 13 schools for the 2014-2015 school year – the third school year of operation for each.

26. Visible Music College Files $3.2 Million Loan -

200 Madison Ave.
Memphis, TN 38103
Loan Amount: $3.2 million

Loan Date: Aug. 30, 2013
Maturity Date:
Borrower: Visible Music College
Lender: Renasant Bank
Details: Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.

27. New Horizon Apartments Financed for $2.5 Million -

New Horizon Apartments at 3619 Kingsgate Drive, which sold for $150,000 in a successor trustee’s sale last year, has been financed for $2.5 million through Amerasia Bank.

28. Rhodes Program Spotlights Community Service -

Rhodes College’s efforts to make community involvement an important part of student life was recently on display with its second annual REACH (Research, Engagement, and Community History) Symposium held in the Blount Auditorium of Buckman Hall.

29. Presidents Island Property Sells for $1.1 Million -

2269 Channel Ave.
Memphis, TN 38106
Sale Amount: $1.1 million

Sale Date: July 15, 2013
Buyer: CHS Inc.
Seller: Holcim (U.S.) Inc.

30. Hollins Move Latest In New Grizz Plan -

Lionel Hollins repeatedly said more than he should have. So it is only fitting that the end of Hollins’ tenure as coach of the Memphis Grizzlies was marked by deafening silence from franchise CEO Jason Levien and then, finally, a press release saying the franchise was going to “move in a different direction.”

31. Hollins Move Latest in New Grizz Plan -

Lionel Hollins repeatedly said more than he should have. So it is only fitting that the end of Hollins’ tenure as coach of the Memphis Grizzlies was marked by deafening silence from franchise CEO Jason Levien and then, finally, a press release saying the franchise was going to “move in a different direction.”

32. Unique Projects Bolster Zellner in Rough Times -

Zellner Construction Services LLC is a third-generation commercial construction company that has built a solid reputation for quality over quantity.

33. LaunchYourCity Draws Lessons From West Coast -

The group from LaunchYourCity that traveled to San Francisco in March has returned, refreshed and reinvigorated, ready to carry out what was the hoped-for goal of the trip:

Take the lessons learned and use them to help Memphis’ startup community scale new heights.

34. Purifoy’s Police Aspirations Evolve Into Legal Career -

Shayla Purifoy majored in urban studies – a mixture of history, political science and sociology – at Rhodes College. Her senior seminar was on community policing.

“It was so much fun, it was so exciting,” she said about her time spent shadowing police officers on the job. “They were helping people and they really were impacting that area, which was the Madison Heights area.”

35. DeNeuville Assists Women on Life’s Journey -

Last week we shared the success story of a high school student who overcame tremendous adversity to recently be awarded a $200,000 full-ride scholarship to Brown University. This week let us discuss an organization that is working to assist women of all backgrounds and cultures in learning the skills needed to make positive choices for themselves and their families: DeNeuville Learning Center.

36. New Heroes -

SCHOOL LESSONS IN HEROISM. On Friday morning, Dec. 21 – one week after semi-automatic gunfire swept through elementary school classrooms and the nation, murdering innocence – one week after a Memphis police officer stood between a bullet and you and me, giving us all she had – a single two-ton bell in the tower of Idlewild Presbyterian Church rang 29 times. Once for officer Martoiya Lang, 20 times for the children of Newtown, six times for their teachers and, unlike anywhere else I’m aware of, once for the shooter’s mother and once for him. Each is the toll of madness, of misplaced priorities and violence, of the belief that more armed violence is not only a righteous solution but a constitutional right. And of a country where it’s easier to buy an assault rifle than vote, easier to buy ammunition than Sudafed.

37. Hickory Hill Warehouse Sells for $15.7 Million -

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

38. Kensington Manor Sells for $2.2 Million -

The Kensington Manor Apartments at 2893 Getwell Road in Oakhaven have sold for $2.2 million to a Miami Beach, Fla., entity called Memphis Heights LLC.

39. More Holiday Givebacks -

Last week we shared some easy holiday givebacks with The Exchange Club Family Center, SRVS, Shield Inc. and Youth Villages. Keeping the spirit alive, this week let us share more ways you can celebrate the holidays while giving back, at the same time.

40. Schmitt’s Career Fueled By Outside-the-Box Thinking -

Jill Schmitt used to envision herself searching for relics of ancient world cultures but instead found her niche helping businesses find new digs.

41. Planning Continues for Broad, Binghampton -

As after-school traffic made its way north and south on Tillman Street last week, a crossing guard whistled children across one of the narrow streets by Lester Community Center.

The traffic was mostly cars, but the occasional bicycle from the nearby western terminus of the Shelby Farms Greenline whizzed by as well.

42. Midtown Merchants Form Madison Biz Association -

Merchants along Madison Avenue from Cleveland to Cooper streets are forming a business association.

A group of 50 business owners and operations on what is Midtown’s Main Street gathered at Minglewood Hall Wednesday, July 18, to get acquainted and kick off the effort.

43. Firms Make Investments in Memphis Distribution -

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

44. System to Ease Flood Danger in Memphis in Works -

MEMPHIS (AP) – A year after the historic Memphis flood, emergency officials are teaming up with federal agencies to create a network of river gauges and weather stations in surrounding Shelby County to better monitor the Mississippi River tributaries that overflowed, forcing hundreds from their homes.

45. Grizz Proving It’s No ‘One-and-Done’ Team -

If last season culminated with the unanticipated “Believe Memphis” playoff run, then this Grizzlies season has been full of opportunities for concern and panic – your basic building blocks for widespread disbelief.

46. Thorpe Products Inks New Deal On Democrat -

Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.

47. A Few Simple Rules For ‘Brown-Bagging’ -

We don’t hear the term “brown-bagging” much now. It was a holdover from the time when the city of Memphis did not allow liquor by the drink in restaurants, so if patrons wanted a cocktail, they had to bring their own liquor to the restaurant, often inside a brown paper bag, and pay for set-ups. The city did not rescind that ordinance until 1972.

48. Council to Weigh Pink Palace Funding -

A $20 million upgrade of the Memphis Pink Palace Museum tops the Tuesday, Feb. 21, Memphis City Council agenda that also includes two items key to Overton Square redevelopment and $510,000 in capital appropriations for the Memphis Area Transit Authority.

49. Grays Creek Annexation on City’s Agenda -

Memphis City Council members take up the first of three readings Tuesday, Feb. 7, of an ordinance to annex the Grays Creek area that is in the city’s annexation reserve area.

The ordinance is a reaction to pending state legislation in Nashville that would remove part of the area from the Memphis annexation reserve.

50. Location Integral to Paper’s News Coverage -

The Daily News Publishing Co. Inc.’s real estate presence over the past 125 years speaks volumes about its mission.

51. City Pride -

“Memphis,” the Tony Award-winning Broadway musical, took New York by storm where it started a successful run two years ago.

In Memphis, the popular musical’s namesake city where this weekend at the Orpheum Theatre it kicked off an 80-week tour, it may have to work a little harder to resonate with audiences.

52. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

53. Fundraisers Rappel Tower for Special Olympics -

In one of the city’s most unique fundraising events, 64 brave souls scaled the exterior of the 23-story i-bank Tower (formerly White Station Tower) in East Memphis Friday, Aug. 26, and Saturday, Aug. 27, for Over the Edge, a high-thrills fundraiser for Special Olympics of Greater Memphis.

54. Rollin’ on the River -

With the announcement that two grand steamboats will soon begin trolling the Mighty Mississippi past Memphis – one of which will make the city its home port – the last few weeks have brought news for the city’s riverfront that’s definitely made some waves.

55. Smith & Nephew Launches Mentoring Program -

Smith & Nephew Orthopaedics is bolstering school-based corporate mentoring to new heights with its new Scholars Program, a long-term initiative dedicated to cultivating and nurturing the talent of Memphis’ middle and high school students focused on careers in medical technology and business.

56. Nike Adds 400K Square Feet To Local Portfolio -

The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.

Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.

57. Blank Palette -

When best-selling author Richard Florida visited Memphis recently, he spelled out to a room full of artists the formula for building a city’s creative class – attract, retain and engage talent.

58. Inspiring City From Stage -

Last week we discussed Shelby Residential and Vocational Services, which is helping adults with disabilities enjoy productive lives and pursue their dreams. Now let us turn the spotlight on an organization that is dancing their way across sold-out stages from the famous John F. Kennedy Center for the Performing Arts in Washington to Paris and New York, all while pushing our own city to greater heights – Ballet Memphis.

59. Yes! Reinvent the Wheel! -

If you are trying to invent something already invented, somebody, like my father, will say “Don’t try to reinvent the wheel, son.” For instance, when I was younger, I came across a strange-looking screw that wouldn’t work with what I knew to be a screwdriver, so Dad handed me a Phillips to replace mom’s kitchen knife I was trying to make work. “Don’t …….”

60. CCHS Opens Binghampton Dental Clinic -

Christ Community Health Services on Tuesday opened its state-of-the-art, $1.4 million, 5,000-square-foot dental facility at 2953 Broad Ave. in the heart of Memphis’ Binghampton neighborhood.

61. Exploring the Mississippi River’s Cutoffs -

See what you can catch.

When the river determined its own course, before it got its manmade shoulders, before spring disaster and all-year fear made us try to tame it, it went where it wanted and – like the biggest bully in the schoolyard, the meanest drunk in the bar – directed its fury against those who talked back.

62. Foreign Investors Buy Treasure Park Apartments -

2601 N. Watkins St.
Memphis, TN 38127
First Sale: $1.1 million

Sale Date: Jan. 31, 2011
Buyer: City National Bank
Seller: Federal Deposit Insurance Corp. as receiver for Imperial Capital Bank of La Jolla, Calif.
Second Sale: $450,000
Sale Date: Jan. 28, 2011
Buyer: Square Mile Investments LLC
Seller: City National Bank
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.

63. Sterling Townhomes Financed for $3.2M -

Roslyn Heights, N.Y.-based Apollon Holdings LLC has financed Sterling Townhomes, 4187 Rainbranch Drive in Whitehaven, through Berkadia Commercial Mortgage LLC for $3.2 million. The loan matures in February 2046.

64. Montreal Investor Pays $7.3M for Memphis Center -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Richard Stern, principal with Montreal-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.3 million.

65. Canadian Group Buys Distressed South Memphis Industrial Park -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Richard Stern, principal with Quebec, Canada-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.25 million.

66. Unmasking Food Reviewer Has Widespread Ramifications -

The incident that rocked the national restaurant industry occurred a few days before Christmas in Los Angeles.

S. Irene Virbila, restaurant reviewer for the Los Angeles Times since 1994, was waiting with her husband and two friends for a table at the new Red Medicine, a “Vietnamese canteen” in Beverly Hills. Virbila and her party had been cooling their heels for 45 minutes after their reservation time when the restaurant’s managing partner, Noah Ellis, approached the critic with a camera, snapped a picture of her, and ejected her and her companions from the establishment. He then posted Virbila’s image on the restaurant’s website, from which you had better believe it was downloaded and distributed all over the Internet.

67. Collierville Office Building Sells for $1.3M in Foreclosure -

472 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1.3 million

Sale Date: Dec. 14, 2010
Buyer: First Citizens National Bank
Seller: Ralph Henson, trustee
Orig. Borrower: Loyal Featherstone Realtors Inc.
Orig. Lender: First Citizens National Bank
Orig. Loan Amount: $1.6 million
Orig. Loan Date: March 7, 2007
Orig. Maturity: March 7, 2008

68. Bold as Brass -

The proprietor of the newest addition to Downtown’s thriving business community is an Irishman with a raconteur’s charm and a traveler’s adventurous streak.

Some of those qualities were even on display when Seamus Loftus, who’s transforming the space at 152 Madison Ave. into an Irish pub called The Brass Door, described himself in an application for development incentives to the Center City Development Corp.

69. Despite Poor Economy, Business Startups on Rise -

A down economy doesn’t mean it’s necessarily a bad time to start a business.

In fact, according to business counselor G.E. “Russ” Russell, many Fortune 500 companies got their start during the Great Depression.

70. Inexperience No Hurdle for Tri-State Defender’s Smith -

When Bernal Smith was asked to be president and publisher of the Tri-State Defender, he was concerned that he did not have ink on his hands or the newspaper business in his blood. In other words, he had little to no relevant experience.

71. Outside the Box -

The recession has proven to be a time of deep-seated uncertainty among business owners and stubbornly high unemployment that’s crippling consumer spending.

But behind the panic and the gloomy headlines, examples can still be found here and there of entrepreneurs doing what they do best.

72. Yeates Joins A2H As Project Manager -

Arthur Yeates has joined Askew Hargraves Harcourt & Associates Inc. (A2H) as an architectural project manager.

73. Carlisle Corp. Continues Work on New Headquarters -

263 Wagner Place
Memphis, TN 38103
Loan Amount: $2.1 million

Loan Date: June 15, 2010
Maturity Date: June 15, 2014
Borrower: Carlisle Landing LLC
Lender: Regions Bank

74. ESPN’s Bilas Motivates Memphis Business Leaders -

Best known for his savvy basketball commentary, Jay Bilas spoke Friday morning about the parallels between a successful sports team and a successful business.

Bilas, a hoops analyst for ESPN and CBS Sports, delivered the keynote address at the Lipscomb & Pitts Breakfast Club, held at the Memphis Botanic Garden.

75. Trainer Gets Around Tighter Business Climate -

The fear of public speaking is as common as the fear of heights, but Don Hutson found that knowing what to say and how to say it makes good business sense.

76. Former Orgill Distribution Center Sold Following Foreclosure -

2108 Latham St.
Memphis, TN 38109
Sale Amount: $2.5 Million

Sale Date: March 9, 2010
Buyer: NW-2100 Latham Street LLC
Seller: Bradley Ottinger, trustee

77. Mid-South Food Bank Seeks Donations -

Officials at the Mid-South Food Bank are hoping people will use some of the money from their income tax rebates to make a contribution.

78. Moore Ascends To MAAR Presidency -

When Glenn Moore was growing up in the Longview Heights community of South Memphis, he and his dad would spend Sunday afternoons driving around the city checking out new housing developments.

79. Latest Public Housing Options Unveiled at Levi Road -

Batsell Booker remembered the excitement he felt in 1972 when his family moved to public housing on Horn Lake Road in Southwest Memphis.

“They were the best thing I had ever seen. … You wouldn’t think that today,” he said. “But we had some great times.”

80. City Closer to Erasing Public Housing -  

On paper they’re called mixed-finance properties. A smaller front in the city’s 10-year effort to change the face of public housing in Memphis, they are the sites of four smaller public housing projects in different parts of the city, ranging from 100 units to nearly 300.

This week, city leaders and others cut the ribbon on the new Austin Park Place development in Southeast Memphis. The development of 71 new rental homes including 68 duplex units is built on the site of the old Horn Lake Heights public housing development.

Housing and Community Development director Robert Lipscomb called it “another step in our journey to get rid of public housing.”

“We’re almost there. We only have a few more sites to go before we can eliminate the words ‘public housing’ from our vocabulary,” he told a crowd of 50 people in a tent at the newly built intersection of Latrobe and Leclare drives. “Wouldn’t that be great?”

Eradication effort

Lipscomb recalled the old 80-unit townhouse project that was the site of a 1998 firebombing that killed three children and one adult in a townhouse packed with eleven people. Six others in the unit were injured.

“This place was firebombed. … I was in shock,” Lipscomb recalled. “We’ve gone from firebombing to rebuilding what we call public housing. It’s not public housing. It’s affordable housing.”

Construction on the $12 million project began in August 2008 after everything on the parcel of land on Horn Lake near Third Street was demolished.

The nonprofit Memphis Land Bank Inc. awarded the construction contract to City Housing LLC, a partnership between FaxonGillis Homes and Dean Tutor. The Memphis Housing Authority operates Memphis Land Bank.

Part of the development was financed with low income housing tax credits, which require the rentals to be limited to families with incomes 60 percent or less of the area’s median income. Median income in metro Memphis is $45,725, according to the most recent U.S. Census data.

The tax credit through the Tennessee Housing Development Authority (THDA) was what got SunTrust Community Capital interested, said Ellen Ward, assistant vice president at SunTrust Bank. The bank gets a tax credit against its Tennessee tax liability and the loan comes with a .5 percent interest rate.

“This is our first one. But we are entertaining taking out some permanent pieces on a few of the other properties around here. Hopefully we’ll do new ones if there is more to be done in the future,” Ward told The Daily News. “Naturally, anytime the real estate market goes down, you’ve got a little more risk on your hands. … Having the land bank and the housing authority behind it brings a lot of strength to the table.”

Journey continues

Memphis Land Bank has been one of the entities involved in the demolition of all but two of the city’s public housing projects, not counting four high-rises for senior citizens, begun during former Mayor Willie Herenton’s administration.

Cleaborn Homes and Foote Homes are the only two housing projects still standing and are part of the ambitious, 10-year, $1 billion proposal called Triangle Noir. It would demolish and replace both housing projects with mixed-use, mixed-income housing to help spark commercial and residential development in the broader south Downtown and South Memphis area.

The larger developments of 450 to 900 units were rebuilt with a mix of federal funds under the HOPE VI program administered by the U.S. Department of Housing and Urban Development (HUD) and private financing, said Molly Beard, executive director of the Memphis Land Bank.

Earlier this week, the city received another $8 million in federal funding from HOPE VI for the next phase of Legends Park, the mixed-use, mixed-income development built on the site of the old Dixie Homes housing project near the Downtown Medical Center.

The smaller developments like Austin Park Place are financed with money from a different HUD program and private financing.

‘Not giving up’

The Austin financing was a mix of $6.2 million in HUD money with $5.9 million in private funds.

For all six smaller developments, including Austin, the city has $16.2 million in HUD or public money and $44.5 million in private financing.

Tonnie Carter, a working single mother of six who now lives in the University of Memphis area, was among those who waited in line to apply to live in the new development.

Her goal was “to be someplace where you can pull in your own drive in front of your own door.”

“Five o’clock in the morning I was here with my Barney blanket, my water bottle and my muffin,” Carter said. “I think what used to be public housing is for young girls who are trying to get on their feet. I’m 35 years old. I want to be there. I want to set examples for my children. I know it’s hard but I’m not giving up.”

...

81. Health Care Administrator Gives Back to Community -

Shantelle Leatherwood decided early in her career as a health care administrator to forgo the quest for a corner office in a hospital or executive suite and instead be closer to people.

She opted to work in community health centers. Leatherwood is the practice administrator at Christ Community Health Services.

82. Former FedEx Employee Starts Logistics Business -

Like it was for hundreds of other Memphians, April 3 proved to be a watershed date for Terica Lamb. She lost her job at FedEx Express that day when the company laid off 1,000 salaried managers and professionals, half of whom came from the Memphis area.

83. Riviana Continues Work On Rice Processing/Distribution Plant -

2371 Prospect St.
Memphis, TN 38106
Permit Amount: $3.5 Million

Project Cost: $67 million
Permit Date: Applied June 2009
Completion: 2010
Owner: Riviana Foods Inc.
Tenant: Riviana Foods Inc.
Contractor: Linkous Construction Co. Inc.

84. Permit Filed for U of M’s ‘Penny’ Hall of Fame -

Anfernee “Penny” Hardaway was an electrifying, playmaking guard for the University of Memphis in the early 1990s. In his two seasons at the school, he became a fan favorite and one of the best players to ever don a Tiger basketball uniform.

85. Events -

The Shelby County Beer Board will meet today at 2 p.m. at the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

86. Events -

The Sales and Marketing Society of the Mid-South will host a presentation by James Hutto, managing project director for Valeo Design and Marketing, today at 11:45 a.m. at the Holiday Inn Select, 5795 Poplar Ave. Hutto will present “ROI Marketing for Your Business: Driving Top-Line Growth with Your Website.” Cost is $25 for guests and $15 for students. Lunch is included. Guests may pay at the door.

87. Memphis Airport to Host World Conference in 2011 -

Memphis International Airport will host the Airport Cities World Conference and Exhibition in April 2011, giving the city a chance to showcase the airport – and its burgeoning aerotropolis concept – to executives from around the globe.

88. Interface Properties Re-Enters Memphis Market -

A Florida development company absent from the Memphis market for the past few years is returning to the area with plans to develop outparcels at a Collierville retail center and a Germantown hotel.

89. Panera Bread to Open Cafe on G’Town Parkway -

Richmond Heights, Mo.-based Panera Bread has announced plans to open its first Memphis-area bakery/cafe at 714 N. Germantown Parkway in the Trinity Commons Shopping Center.

This will be the first of 12 cafes slated to open in the Memphis, West Tennessee and North Mississippi regions. Three cafes are scheduled for 2009 opening dates.

90. Lamar Ave. Hotel Developer Struggles for Approval -

Local cab business owner Jay Kumar has tried for two years to build an upscale, 35-room motel along Lamar Avenue, a project for which he estimates spending $2.5 million. And because he temporarily failed to get the final approval from city officials that he needed this week, he’s still trying.

91. Brinkley Heights Ministries To Expand Academy -

3277 Macon Road
Memphis, TN 38122
Permit Cost: $2.4 million

Project Cost: $2.4 million

Permit Date: Applied March 2008

92. RDC Seeks Remaining Approvals For Beale Street Landing -

Beale Street Landing, the $29 million boat dock and riverfront attraction that has been planned for almost six years, has only a few regulatory hurdles left to clear.

Representatives of the Riverfront Development Corp. will return to the Memphis Landmarks Commission next week for one of the last approvals needed by the RDC, which is a certificate of appropriateness.

93. New School to Provide Affordable, Private, Christian Education -

Parents soon will have a new educational choice for their children as the Collegiate School of Memphis - an independent, urban, Christian college preparatory school - prepares to open this fall.

Anonymous donors have funded the creation of the school, which will be housed on the site of Highland Heights Baptist Church, 675 National Ave., in the Berclair neighborhood.

94. New School to Rise On Church Property -

675 National St.
Memphis, TN 38122
Permit Cost: $5 million
Project Cost: $5 million
Permit Date: Applied February 2008
Completion: August 2008
Owner: Highland Heights Baptist Church
Tenant: Collegiate School of Memphis
Architect: Fleming/Associates/Architects PC (Memphis)
Contractor: Montgomery Martin Contractors LLC
Details: Collegiate School of Memphis, a recently formed independent secondary school, is conducting an interior renovation of 90,000 square feet at Highland Heights Baptist Church for CSM's campus, said head of school John Avis.
The renovation includes 70,000 square feet of an existing three-story educational building at the church for classroom and office space, and 20,000 square feet of an existing two-story gymnasium.
Construction will begin this week with completion expected for August, in time for the school to open its doors for the first time. Montgomery Martin Contractors LLC won the $5 million construction bid last November.
Collegiate School of Memphis is an urban, college-preparatory, Christian high school that will open in the fall with a complete seventh-grade class, adding a new grade each year. Each grade is expected to have about 90 students.
"We'll be pleased with whatever numbers we have," Avis said. "We're committed to providing that kind of Christian, college-preparatory education in that location and we hope to be a presence there for a long time."
Collegiate School of Memphis soon will purchase the church property and lease the sanctuary back to Highland Heights. The benefactors who provided funding to start the school have asked to remain anonymous, Avis said.

...

95. Panera Bread Plans12 Bakery-Cafes for Memphis -      Richmond Heights, Mo.-based Panera Bread last week announced a new agreement with Delta Dough Inc. to develop bakery-cafes in the Memphis area, including areas of North Mississippi. Under the conditions of the new agreem

96. New Group Hopes To Reinvigorate Airport Area -

With its corporate charter on file and its executive director at the controls, the Memphis Airport Area Development Corp. is finally ready for takeoff.

On Thursday, after months of planning, native Memphian John Lawrence officially will take the reins of this newly chartered group, which is charged with reinvigorating the neighborhoods around Memphis International Airport.

97. Memphis Agriliance SiteTransferred in CHS Deal -      The Presidents Island operations of agriculture company Agriliance LLC have transferred to a Minnesota-based CHS Inc. as part of a repositioning.
     CHS, based in Inver Grove Heights, Minn.

98. Ready for Takeoff -

Signs of what was once a naval air station still abound, but Millington Regional Jetport finally is starting to discover its own identity and carve a bigger niche in the airways.

Thanks to a renewed contract with FedEx Corp., a host of capital improvements and an ambitious marketing campaign to lure more aviation businesses, the jetport is poised to reach great heights.

99. Q1 Report Shows Strong Memphis Office Market -

Poplar Avenue often is called the lifeline of Memphis because it links Downtown with the suburbs and houses the area's most valuable and high-profile real estate.

Thanks to the avenue's strong heartbeat, notably along its heavily trafficked eastern section, the office market in Shelby County received a positive checkup for first quarter 2007.

100. Longer Shots Translate to Dollar Signs -

A recent rule change by the National Collegiate Athletic Association (NCAA) will benefit sharp-shooting basketball players, but it also could be a boon for Sports Floors Inc., a Memphis business owned by Bruce Gleneck.