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VOL. 125 | NO. 170 | Wednesday, September 01, 2010

Daily Digest

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Galloway Gardens Sells for $1.1 Million

A Germantown-based limited liability company, Galloway Gardens LLC, has bought Galloway Gardens Condominiums for $1.1 million. The sellers were Steve Benetti and Virginia Benetti of California, who bought the property in 2004 for $1.7 million.

The complex, which was built in 1970, sits on the south side of Galloway Avenue between North Willett Street to the west and North Avalon Street to the east.

The sale was financed with two $200,000 loans through Regions Bank – with one due next year and one in 2015 – and an assumption of a $916,937 loan that matures in 2013. That loan, with an original principal of $1.1 million, was taken out in 2004 by the sellers.

The listing agent for the sale was Steve Woodyard of Woodyard Realty Corp. Woodyard could not be reached by press time.

According to Woodyard Realty’s site, Galloway Gardens is an apartment complex separated into 45 parcels for a condo project. The occupancy rate is 89 percent, according to the site.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Design Review Board to Meet Wednesday

The Center City Commission’s Design Review Board will discuss at its meeting Wednesday at 5 p.m. a signage application by RedRover Sales & Marketing, which wants to put up a sign at 415 S. Front St.

Also on tap for the meeting are discussions about renovations of existing apartment buildings at 685 Adams Ave. and 669 Adams Ave., as well as discussions of the 2001 Uptown zoning regulations and the policy for sign illumination.

The DRB meeting will be held in the conference room of the CCC office at 114 N. Main St.

Andy Meek

CVS Opponents Meet to Discuss Next Step

Opponents of a CVS pharmacy planned for the corner of Union Avenue and Cooper Street are set to meet Wednesday evening at Memphis Heritage’s headquarters to discuss a next step in the controversy.

The 6 p.m. meeting at Howard Hall, 2282 Madison Ave., comes a week after the Memphis City Council voted to approve the planned development where Union Avenue United Methodist Church now stands.

The church would be demolished for the new pharmacy building.

The church’s congregation voted to sell the property and merge with another church.

Memphis Heritage led the opposition to the pharmacy, citing the church’s listing on the National Register of Historic Places. The Land Use Control Board and the Office of Planning and Development (OPD) recommended rejection of the planned development, citing the Midtown overlay guidelines.

CVS representatives said the company was willing to make changes to get closer to the guidelines than its original plans, but the company also pointed to the large parking lot facing Union Avenue at the neighboring Ike’s store.

Attorneys for Memphis Heritage suggested at last week’s council meeting that the preservation group might take legal action over a national pledge CVS made several years ago not to demolish buildings listed on the National Register of Historic Places.

– Bill Dries

Music & Heritage Festival Set for the Weekend

The 23rd annual Memphis Music & Heritage Festival will be held Saturday and Sunday from 11 a.m. to 11 p.m. on Main Street between Peabody Place and Barboro Alley.

This year’s festival will honor Memphis musician Jim Dickinson and feature performances by Bobby Rush, Kate Campbell, Al Kapone, Joyce Cobb, Hill Country Revue, Eddie Bond, The Homemade Jamz Blues Band, a special tribute to Dickinson featuring Sid Selvidge, Jimmy Crosthwait, Cody Dickinson and Steve Selvidge, and more.

In addition, the festival will include walking tours of Downtown Memphis, a cooking demonstration stage, crafts vendors and music workshops hosted by musicians.

Kate Campbell will host a special songwriters’ workshop Sunday from 4 p.m. to 6 p.m. The cost is $30.

The festival is free but the Center for Southern Folklore encourages attendees to show their appreciation by making a $2 contribution.

For more information, including a full list of performers or to register for the songwriters’ workshop or Downtown walking tour, visit www.southernfolklore.com or call 525-3655.

– Taylor Shoptaw

Wings Foundation Hosts Fundraiser

The “Bet Against Breast Cancer” casino night with celebrity dealers is set for 7 p.m., Sept. 25, at The Memphis Zoo.

Live auction times include a weeklong stay at Grand Isle Resort and Spa in the Bahamas.

Tickets, which are $50, are available at all Panera Bread locations and online at www.wingscancerfoundation.org.

The dealers will include University of Memphis Tigers basketball coach Josh Pastner, WMC-TV news anchor Joe Birch, WREG news anchor Marybeth Conley and Rocky the Redbird.

Tom Wilemon

The Peabody Celebrates 141st Anniversary

The Peabody Memphis plans to celebrate its 141st anniversary Wednesday with a public event from 4:45 p.m. to 6 p.m. in the hotel’s Grand Lobby.

Memphis Mayor A C Wharton Jr. will be inducted into the Duck Walk Hall of Fame, and members of the Memphis Symphony Orchestra will play Big Band music created exclusively for The Peabody in the 1940s.

Cake, hors d’oeuvres and champagne will be served.

The Duck Walk Hall of Fame, which began in 1996, honors people who have played a significant role in the development of Memphis.

The original Peabody hotel opened in 1869 on Main and Monroe. It was torn down in 1923 to make room for a larger hotel.

The Peabody Memphis, as it now stands, opened on the corner of Union Avenue and Second Street on Sept. 1, 1925.

– The Daily News

Cafe Eclectic Temporarily Closes Midtown Store

Cafe Eclectic was forced to close its doors around lunchtime Tuesday after a car slammed into the front of the building.

The restaurant reported on Twitter (@cafeeclectic) that the Midtown location was closed along with a picture showing a car rammed into the front door.

After posting the photo the restaurant tweeted: “Also want to point out that, to the best of my knowledge, no one was injured. A few of us (myself included) were near the doors, but are ok.”

No additional details were available at press time.

– The Daily News

Will Rogers Institute Donates to Le Bonheur

The Will Rogers Institute has donated $50,000 to Le Bonheur Children’s Hospital to support its neonatal intensive care unit.

The gift will allow the hospital to buy an advanced ventilator to assist premature babies who are unable to breathe on their own.

Le Bonheur is one of 10 hospitals that received a grant from the Will Rogers Institute in 2010. The institute, which is named in honor of cowboy movie star and humorist Will Rogers, is devoted to the research and treatment of cardio-pulmonary diseases.

– Tom Wilemon

Former President Clinton to Stump for McWherter

Former President Bill Clinton is coming to Tennessee to campaign for Democratic gubernatorial candidate Mike McWherter.

The McWherter campaign confirmed that Clinton is scheduled to be in Nashville Sept. 9. Spokesman Shelby White said detailed plans for the visit were still being worked out.

McWherter, the son of former Gov. Ned McWherter, faces Republican Knoxville Mayor Bill Haslam in the November election.

Clinton’s friendship with Ned McWherter dates back to when he was governor of neighboring Arkansas.

Clinton was the keynote speaker for a state Democratic Party fundraiser last year, and also came to Nashville and Memphis to support Harold Ford Jr.’s failed Senate bid in 2006.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 10 86 2,624
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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