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Editorial Results (free)

1. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

2. 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.

3. Case Management Buys Airport-Area Office Building -

3171 Directors Row Memphis, TN 38116

Sale Amount: $1.3 million

Sale Date: Sept. 28, 2012

4. 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.

5. Barboro Flats Developer To Begin Second Phase -

100 S. Main St.
Memphis, TN 38103
Permit Amount: $8 Million
Project Cost: $18.2 million
Permit Date: Applied July 2009
Completion: Summer 2010
Owner: 100 South Main Partners
Tenant: TBA
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

6. $17.5M Trustee’s Sale Of Horizon Closes -

The sale of the Horizon apartment building at 717 Riverside Drive Downtown has closed and was recorded July 7 in a successor trustee’s deed, according to the Shelby County Register of Deeds. The 16-story building was foreclosed by the lender, Capital One NA, which subsequently bid on the building during the trustee’s sale on the Shelby County Courthouse steps.

7. Q2 Foreclosures Down in Home Sector, But Up Overall -

The foreclosure of major properties that dot the Memphis skyline in the second quarter capped a mixed three-month period for local real estate, when the economic slump dragged many properties to the edge.

8. Capital One Buys The Horizon for $17.5M -

Capital One NA reclaimed the 16-story The Horizon at 717 Riverside Drive in a foreclosure sale Tuesday afternoon on the steps of the Shelby County Courthouse.

The New Orleans-based bank foreclosed on the property last month after the building’s developer, The Bryan Co. of Ridgeland, Miss., defaulted on a $58.6 million loan dated Aug. 7, 2007. The Bryan Co. operated in that transaction as Riverside Bluffs LLC.

9. Horizon Buyers Sue to Get Out Of Contracts -

Two lawsuits have been filed seeking to allow buyers of a Downtown condominium project out of their contracts.

The Shelby County Chancery Court lawsuits were filed last week against Riverside Bluffs LLC, which is selling the condo units at The Horizon, a 16-story high rise at 717 Riverside Drive, according to The Daily News Online, www.memphisdailynews.com.

10. CCC Meeting Mirrors Economic Realities -

The agenda for today’s Center City Development Corp. meeting offers a ground-level snapshot of how the economy is shaping business plans and real estate efforts in the heart of Memphis.

11. Another Downtown Building In Foreclosure -

The real estate slump has claimed another victim in the Memphis skyline, but this time it didn’t wait for the property to be completed.

Still under construction, the 16-story Horizon at 717 Riverside Drive Downtown is now in foreclosure, according to a first-run foreclosure notice that appears on Page 35 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

12. Developer of The Horizon Seeks DRB Approval -

The developer of The Horizon Luxury Apartments at 717 Riverside Drive will go before the Center City Commission Design Review Board today for approval. It’s a condition of the payment-in-lieu-of-taxes (PILOT) incentive the project already has received from the Center City Revenue Finance Corp.

13. CCRFC Approves PILOTS for Downtown Projects -

The Center City Revenue Finance Corp. approved tax breaks Tuesday for proposed Downtown projects The Horizon, apartments that are being developed in a high-rise at 717 Riverside Drive, and the Cotton Mills Apartments at 607 Monroe Ave.

14. Edge Neighborhood Apts. On CCRFC Agenda -

Among the items that will be discussed today by the Center City Revenue Finance Corp. is a payment-in-lieu-of-taxes (PILOT) application at the request of Memphis Housing LLC for an apartment project at 607 Monroe Ave.

15. Bryan Co. Files $58M LoanFor Horizon Condominiums -      The Bryan Co. has filed a $58.6 million loan for construction of The Horizon condominiums at 717 Riverside Drive, and last week began work on the first of two 16-story towers on the Downtown skyline.
  &nbs

16. In Life or TV, Probate Matters -

Shelby County Probate Court Clerk Chris Thomas has been compared to former U.S. Sen. Fred Thompson, but it isn't because of his work in politics.

If Thomas shares anything with the "Law & Order" actor, University of Memphis graduate and possible Republican presidential candidate, it definitely is the television part.

17. Downtown Development Spawns Condos Big and Small -

Is bigger better? While the Downtown condominium market appears to be moving in that direction, the little guy isn't down for the count.

When the Center City Commission updated its Downtown Condo Report in late January, it listed 14 condo projects under construction, with a total of 532 units.

18. Events -

The Riverfront Development Corp. board of directors meets today at noon in the offices of The Horizon, 717 Riverside Drive. Call 312-9190 for details.

Heartsong Church and Inside Sounds presents the musical production "Fried Glass Onions-Memphis Meets The Beatles" today and Saturday at 7:30 p.m. at Heartsong Church, 800 N. Houston Levee Road. Admission is $15. The atmosphere will be that of a large coffee house with a Memphis-themed menu, and the show will incorporate a light show and two video screens. Call Heartsong Church at 755-6332 or Inside Sounds at 682-2063 for more information.