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Editorial Results (free)

1. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

2. Campus Connections -

The University of Memphis is in the early stages of updating its campus master plan, and it will seek input from its neighbors as it moves into its next century of higher education.

The U of M has hired the Smith Group JJR of Ann Arbor, Mich., to lead the effort with Memphis-based LRK Inc. serving as the local partner.

3. South Junction Files $14.8 Million Loan -

Just a few days after its permits were filed, the development group building the 197-unit South Junction apartments Downtown has taken out a $14.8 million construction loan for the project.

South Junction Partners – through a payment-in-lieu-of-taxes (PILOT) program via the Memphis Center City Revenue Finance Corp. – filed the deed of trust Aug. 27 with SunTrust Bank.

4. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

5. Henry Turley Co. Files Permits for South Junction -

A development group led by Henry Turley Co. has filed a series of building permits totaling $10.4 million for the 197-unit South Junction apartments Downtown.

6. Removing Barriers -

While enjoying a meal near the Eiffel Tower in Paris, Terry Lynch reminisced on the wilting but salvageable Chisca Hotel in Downtown Memphis.

7. Core Focus -

The Great Recession silenced construction crews throughout the Memphis area, and that was especially evident Downtown, where ambitious, skyline-changing projects were put on hold, reconfigured or scrapped altogether.

8. Carlisle Corp. Solidifies Development of Chisca -

Paul Morris hesitated when he started organizing the project launch two weeks ago for the renovation and conversion of the old Chisca hotel into an apartment building.

9. Carlisle Joins Chisca Project -

The partners developing the old Chisca hotel on South Main as apartments announced at a Friday, April 26, project launch that Carlisle Corporation is the main partner for the project.

10. Carlisle Joins Chisca Project -

The partners developing the old Chisca hotel on South Main as apartments announced at a Friday, April 26, project launch that Carlisle Corporation is the main partner for the project.

11. Events -

ArtsMemphis will present the Stax to the Max music festival Saturday, April 27, from 11 a.m. to 7 p.m. outside the Stax Museum of American Soul Music, 926 E. McLemore St. Admission to the festival is free; discounted museum tickets are $2 between noon and 5 p.m. Visit staxmuseum.com.

12. Events -

The 14th annual On Location: Memphis International Film & Music Fest will be held Friday, April 26, through Sunday, April 28. Films will be screened Friday through Sunday at Malco Studio on the Square, 2105 Court Ave., and the Music Showcase will take place Saturday and Sunday at Purple Haze Nightclub, 140 Lt. George W. Lee Ave. Visit onlocationmemphis.org for a schedule.

13. Chisca Rebirth -

“Memphis: The Musical” meets the real life setting Friday, April 26, for the fictional story of a Memphis radio announcer in the 1950s.

Actor Bryan Fenkart will walk about a block on South Main Street from The Orpheum Theater to the old Chisca hotel to perform at the project’s launch party. The party in the hotel’s garage space kicks off the $24 million renovation of the hotel as an apartment building.

14. Events -

Friends for Life will host the fifth annual Dining Out for Life, part of a national fundraiser for AIDS support organizations, Thursday, April 25. Visit diningoutforlife.com/memphis for a list of restaurants donating a portion of proceeds from Thursday sales.

15. Lynch Looks Ahead to Chisca’s Possibilities -

When the cast of “Memphis: The Musical” opens its run at The Orpheum Theatre later this month, they will include an extra performance the afternoon of April 26.

Cast members will sing several selections at the formal opening of the redevelopment of the old Chisca hotel, the real-life setting for the story of a Memphis disc jockey that is the basis for the fictional story line.

16. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

17. Council Votes on Sales Tax Referendum -

Memphis City Council members take the first step toward a fall referendum on a citywide half percent sales tax hike Tuesday, Feb. 4, as they vote on the first of three readings of the referendum ordinance.

18. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

19. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

20. Downtown Memphis Commission Celebrates Progress -

There was bicycle-powered smoothie preparation, an aerial circus-style art show, Beale Street Flippers, live music outside, a disc jockey inside, and food and drinks from Downtown restaurants and suppliers.

21. Visionary Project -

The reversal of fate for the blighted Chisca Hotel at the intersection of South Main Street and Dr. Martin Luther King Jr. Avenue, plagued by passive out-of-town ownership and environmental hazards, was set in motion during a phone call about 18 months ago.

22. Chisca Renovation Funding Approved By CCDC -

The Center City Development Corp. approved Wednesday, July 18, $2 million in city funding to redevelop the old Chisca Hotel on South Main Street as an apartment building.

23. Hickory Hill Warehouse Sells for $1.3 Million -

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

24. Chisca Hotel Project Faces Crucial Votes -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote this week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for more than 20 years.

25. Chisca Blight Remediation, Development Incentives Up for Vote -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote next week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for the more than 20 years.

26. Barboro Flats Financed for $9.6 Million -

Barboro Flats, a mixed-use building at 100 S. Main St., has been financed for $9.6 million.

100 South Main Partners filed a 35-year trust deed through Love Funding Corp. for the five-story building’s 92-unit apartment section and 7,000-square-foot ground-floor retail space. The building’s garage was not included in the financing, according to loan documents filed with the Shelby County Register of Deeds.

27. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

28. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

29. CCRFC to Consider Chisca PILOT -

A group of local investors spearheading the restoration of the Chisca Hotel will go before the Memphis Center City Revenue Finance Corp. Tuesday, June 12, seeking a pair of incentives as part of the $19.6 million project.

30. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

31. Main Street’s ‘Big Hole’ Reaches Symbolic Milestone -

Today’s topping off ceremony for what once was a giant hole at 100 S. Main St. represents a milestone. By next summer, the property will be the site of a parking garage and 92 apartment units.

32. Housing Divided -

A couple of years ago, when Clay Thompson of Memphis decided it was time to stop renting, he set his sights on the Downtown condominium market. He was especially interested in the old warehouses in the South Main Historic Arts District that had been converted to condos.

33. Overlook Apartments Sell for $1.5 Million -

The 252-unit Overlook Apartments complex at 3085 and 3158 Steele St. in Frayser sold Oct. 1 for a combined $1.5 million to a Chattanooga-based company called UIGTN LLC. The entity bought the property as an REO (real estate owned) asset from LNR Partners Inc. of Florida, which operated in the deal as LBUBS 2001-C3 Steele Street.

34. Developer Files $8M Permit For Barboro Flats -

The development team of the Barboro Flats mixed-used building at 100 S. Main St. Downtown has filed an $8 million permit with the city-county Office of Construction Code Enforcement to begin the second phase of the project, which is the multifamily component.

35. Building Permit Filed For General Washburn Apts. -

56 S. Main St.
Memphis, TN 38103
Permit Amount: $5.7 Million

Project Cost: $8 million
Permit Date: Applied January 2009
Completion: Fall 2009
Owner: Downtown Developers LLC
Tenant: Downtown Developers LLC
Contractor: Naylor Construction
Architect: Blackledge Architecture PC

36. Courtyard Hotel Construction Picks Up for ’09 Opening -

The area surrounding North Main Street and Jefferson Avenue just got busier as construction finally started on the eight-story, 131-room Courtyard by Marriott hotel at the intersection’s southwest corner, on the edge of historic Court Square.

37. Lightman Realty to Begin Phase II of Centennial Gardens -

7751 Centennial Drive
Memphis, TN 38125
Permit Amount: $10.6 Million

Project Cost: $14 million
Permit Date: Applied October 2008
Completion: 2010
Owner: Michael Lightman Realty Co.
Tenant: Michael Lightman Realty Co.
Contractor: Patton & Taylor Construction Co.
Architect: MMH Hall Architects and Planners Inc

38. Court Square Center Files $5 Million Permit -

The group redeveloping the Lincoln American Tower and Lowenstein Building for mixed use has filed a $5 million building permit to construct an adjacent Court Square apartment building called CA2. All three buildings will have retail and residential space.

39. Barboro Alley Flats Construction to Begin Oct. 1 -

100 S. Main St.
Memphis, TN 38103
Permit Amount: $5.5 Million

Project Cost: $18.2 million
Permit Date: Applied August 2008
Completion: 2010
Owner: 100 South Main Partners
Tenant: TBA
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

40. CCRFC to Hear PILOT Request For Apt., Parking Project -

At today’s Center City Revenue Finance Corp. board meeting, board members will hear a request for a payment-in-lieu-of-taxes (PILOT) agreement for a parking garage and apartments to be built at 100 S. Main St.

41. Greenstone Condo Renovation Approaches Finish Line -

New York-based Blackstar Capital Partners is nearing completion on its $3.8 million renovation of Residences at The Greenstone, an 18-unit condominium redevelopment on the northeast corner of Poplar Avenue and North Waldran Boulevard.

42. Work Begins OnRadio Center Flats -      Construction is under way on Radio Center Flats, the rehab project planned for the former WDIA headquarters at 66 S. Main St. The project is a partnership between Greenhat Partners and Slovis & Associates.
 &nbs

43. Georgia-Based Developers Find Their Spot in Uptown -

Hurricane Katrina forced Verlyn and Harold Foley to leave their New Orleans home in 2005 and move to the Atlanta area.

But when the city of Memphis tried to file eminent domain rights on an Uptown property the husband and wife were eyeing for a multifamily building, this real estate development duo decided to stand their ground and fight.

44. Downtown Parking AuthorityTo Consider 'Hole in Ground' Property -      The Downtown Parking Authority (DPA) appears poised to select one of four development proposals for the "hole in the ground" at the corner of Main Street and Gayoso Avenue.
     The DPA board

45. New Uptown Townhouse ProjectTargets St. Jude Employees -

Developer James Rasberry wants to turn North Main into more than just a street.

Rasberry - who's created upscale condominiums in the Cooper-Young area, developed scores of Downtown
spaces, renovated, converted and built from the ground up many others - is part of a development team that's bringing new townhouses to a previously forlorn stretch of the Uptown neighborhood.

46. Remember the Main -

In the midst of guiding the development partnership he helped assemble to create what could become the largest African-American-led project ever in Downtown Memphis, Darrell Cobbins heard from an old friend recently.

47. Another Fire Erupts Downtown -

A fire in the basement of the former Union Planters Bank headquarters at 67 Madison Ave. drew dozens of firefighters and onlookers early Thursday afternoon.

Smoke filled the air Downtown for the second time in little more than a month as the Memphis Fire Department contained the fire in 22 minutes, said Deputy Chief Donald B. Kuhn.

48. Old Union Planters Building Gets Major Facelift -

With the Center City Commission (CCC) listing 1,065 condominiums in the Downtown market and with more on the way, a Dallas-based residential development company has decided to go in a different direction.

49. Archived Article: Lead - Downtowns Claridge House Readies for Condos

Claridge House Up for Condo Conversion

Property targets second-home buyers, Downtown workers

LANCE ALLAN

The Daily News

Homebuyers shopping for a Downtown residence soon will have yet anothe...

50. Archived Article: Real Recap - 10 S

Developer Refinances South Main Apartments

10 S. Main St.

Memphis, TN 38103

Cost: $7.9 million

Borrower: CTB LLC

Lender: Morgan Stanley Mortgage Capital Inc.

Trustee: Mid-South Title Corp.

Property: No. 10 Main Apartment...

51. Archived Article: Auction (lead) - Mixed building development eyes Islanders

Uptown Area Set for More Development

Mixed-use building to add retail options for Downtowners

ANDREW BELL

The Daily News

About 10 years ago, a group of five people who became friends after sep...

52. Archived Article: Ccrfc (lead) - Tax freeze spurs more work in run-down block

Tax freeze spurs more work in run-down block

By STACEY WIEDOWER

The Daily News

A developer who plans to renovate the WT Grant Building at 113 S. Main St. into residential and commercial space ...

53. Archived Article: Pg. 2 (ccrfc) - CCRFC grants two tax freezes

CCRFC grants two tax freezes

By SUE PEASE

The Daily News

The Center City Revenue Finance Corp. granted tax abatements Tuesday to two developers who plan to invest more than $14 million in Downtown projects. <...

54. Archived Article: Mlc (lead) - By JENNIFER MURLEY MLC considers new Midtown construction By JENNIFER MURLEY The Daily News A little known section of the Evergreen Historic District sprinkled with older homes, rental properties and apartment buildings may soon gain another new sin...

55. Archived Article: Schilling Lj - lj 10/5 cates Construction on Colliervilles Schilling Farms set to begin By LAURIE JOHNSON The Daily News In addition to daffodil blooms and the sighting of the first robin, Colliervilles rites of spring this year will include the birth of Schilling...