Lynnfield Place Sells For $21.6 Million

Lynnfield Place Tennessee LLC and Lynnfield Place Memphis LLC have purchased Lynnfield Place Apartments at 5900 Cedar Forrest Drive from Lynnfield Gardens Associates LLC for $21.6 million. Built in 1974, the complex is on the east side of Lynnfield Road south of Park Avenue near St. Francis Hospital. It contains 400 one-, two- and three-bedroom units in two-story buildings, along with a tennis court and a clubhouse. The buyers financed the purchase with a $22.4 million mortgage through Column Financial Inc.

FedEx Institute Artist To Show Extensive Exhibit

James Clar, the first FedEx Institute of Technology Lantana Artist in Residence, will exhibit what's being billed as the largest outdoor interactive art piece in Memphis history for the April 28 South Main trolley tour.

The piece, "Inside/Out," will sit on 10 rooftops in the South Main Arts District. The activity in each building will be monitored and relayed to a lighting system on the rooftops, which will then display the activity in each building visually - hence the name "Inside/Out."

Clar's other pieces may be viewed April 26 to May 2 at SubSpaceSouth Gallery at 502 S. Main St.

Union Avenue Antique Mall to Go Boom Soon

Demolition of the old Union Avenue Antique Mall at the corner of Union and Cooper Street will begin at 9 a.m. May 22 to make way for a new $10 million, 400-seat Playhouse on the Square.

There will be a pre-party from 5:30 p.m. to 7:30 p.m. at the current Playhouse on the Square, 51 S. Cooper St.

Partygoers are invited to add graffiti and other artwork to the antique mall.

Public Library to Open Financial Literacy Center

The Memphis Public Library & Information Center is holding a grand opening celebration for its newly organized Personal Finance Center April 27 at noon at the Benjamin L. Hooks Central Library, 3030 Poplar Ave.

The late Dan Davis bequeathed about $300,000 for the center. Davis, who died in December 2002, was known as a frugal businessman who used library resources to make smart investment decisions, amassing a small fortune during his lifetime. By the time he died, Davis was worth $8 million.

The Personal Finance Center will provide resources on basic money management, including financial literacy, budgeting and investing.