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Editorial Results (free)

1. Council OKs Street Closures In Washington Bottoms -

The Memphis City Council approved Tuesday, Jan. 21, a set of six alley and street closures on parcels totaling 28 acres in the Poplar Avenue-Cleveland Street area. The area, once known as Washington Bottoms, was cleared of buildings in 2008 in anticipation of redevelopment by a Memphis division of WSG Development Co. of Miami Beach, Fla.

2. Council OKs Street Closures in Washington Bottoms -

The Memphis City Council approved Tuesday, Jan. 21, a set of six alley and street closures on parcels totaling 28 acres in the Poplar Avenue-Cleveland Street area. The area, once known as Washington Bottoms, was cleared of buildings in 2008 in anticipation of redevelopment by a Memphis division of WSG Development Co. of Miami Beach, Fla.

3. Council Gets Overview of Public Safety Spending -

Memphis City Council members got a first and at times conflicting look Tuesday, Jan. 21, at the hard decisions they could make about city spending on public safety.

Memphis Mayor A C Wharton Jr. walked the council through some ideas for cuts in city spending beyond larger changes in city retirement and health benefits. Those obligations are the “cornerstone” of the efforts to get the city’s financial house in order, said city Chief Administrative Officer George Little.

4. Plans in Works for Dormant Midtown Project -

City officials are working on plans to kick-start the dormant Washington Bottoms project at Poplar Avenue and Cleveland Street in Midtown.

Memphis Housing and Community Development director Robert Lipscomb confirmed that he is working on the effort but said he was not yet able to release detailed information on the project.

5. Living on the Edge -

In 2008, something was brewing in the area near Cleveland and Watkins streets south of Poplar Avenue in Midtown.

A developer, Tom Marsh, working with Florida-based WSG Development, had unveiled plans for a mixed-use development to include small and large retail, including a Target store, condominiums, apartments and medical offices, along with all-around improvements to the neighborhood known as Crosstown.

6. Midtown Target -

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

7. Lehman Bros. Reclaims Midtown Acreage -

The continuing saga of the Midtown land slated for a major mixed-use redevelopment took another twist Monday morning when the lender reclaimed the property for $3.15 million on the Shelby County Courthouse steps.

8. Lehman Brothers Reclaims Foreclosed Midtown Acreage -

The continuing saga of the Midtown land slated for a major mixed-use redevelopment took another twist Monday morning when the lender reclaimed the property for $3.15 million on the Shelby County Courthouse steps.

9. Q1 Property Foreclosures Up Slightly -

Lenders repossessed almost as many homes, apartment buildings and other properties in Shelby County during the first quarter of this year as they did during the same period in 2009.

And in what’s akin to the real estate version of the game hot potato, lenders worked fast to unload what they collected.

10. Midtown Big-Box Site Not Dead – Yet -

Friday’s foreclosure notice announcing a sale on the courthouse steps of dozens of Midtown properties where a long-awaited mixed-use project has been planned for years is not an automatic death knell for the development.

11. Midtown Big-Box Site Foreclosed -

Dozens of Midtown properties slated for a major mixed-use redevelopment have been foreclosed and will be auctioned off to the highest bidder.

WSG Memphis LLC, the Miami-based firm whose ambitious plans might have landed a Target store at the intersection of Poplar Avenue and Cleveland Street, defaulted on a $14 million loan through Lehman Brothers Holdings Inc. dated April 30, 2007.

12. Turley Moves Ahead With Fairgrounds Plans -

Mid-South Fairgrounds developer Henry Turley acknowledged this week that he and his group, Fair Ground LLC, are pursuing a major retailer as part of the plan that is still forming to redevelop the 170 acres of public land in Midtown.

13. State Place to Seek Additional Lot -

State Place LLC will appear before the city-county Land Use Control Board today to request the board’s approval to add an additional lot to the approved preliminary subdivision plan for a total of 44 lots.

14. Much-Anticipated Midtown Dev. Up for LUCB Approval -

WSG Memphis LLC has submitted a revised application to city of Memphis officials for the group’s 26.27-acre Midtown Memphis development which, when finished, will encompass four to five city blocks.

15. Hype Builds for Midtown Project -

As developer Tom Marsh clicked through slides showing some of the upscale development projects his partners have created around the country, audience members at the Central Gardens Association annual meeting stared in awe.

16. Midtown Target Closer to Reality, Plans Suggest -

A 26.27-acre development plan has been filed for the site at Poplar Avenue and Watkins Street, long expected to be the future home of a new Target retail store.

Minus a definitive answer on the retail giant’s plans for the Midtown development, a proposal filed Thursday with the Memphis and Shelby County Office of Planning and Development shows a major redevelopment in the works.

17. Archived Article -

6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million

Sale Date: April 27, 2007

Buyer: Memphis-NCR LLC

18. Florida Development Co.Buys 76 Midtown Properties -      WSG Development Co. of Miami Beach, Fla., has bought nearly 80 parcels in Midtown Memphis through several transactions totaling $11.6 million.
     Under the name WSG Memphis LLC, the compan

19. Grisham and Partners Prove to be Men of Steel with 'Super Lawyer' Status -

As a partner for the law firm Weintraub Stock & Grisham PC, Greg Grisham is no stranger to the spotlight.

Despite the firm's well-known place in the Memphis community, its partners still were surprised to be named among the Mid-South's 2006 "Super Lawyers," according to Mid-South Super Lawyers magazine published by Law & Politics magazine.

20. Archived Article -

6880 E. Raines Road
Memphis, TN 38115
Cost: $4.3 million

Buyer: Riverdale Senior Living LLC
Seller: Atria Riverdale LP
Property: 4.76 acres at 6880 E. Raines Road near Germantown Road Extended.

21. Archived Article: Daily Digest - Golf Club Property

Golf Club Property

Financed for $7.9 Million

WSG Memphis National IV LLC has financed four parcels totaling 300.72 acres near Houston Levee Road and Shrewsbury Run through General Electric Capital Corp. for $7.9 million. ...