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VOL. 129 | NO. 159 | Friday, August 15, 2014

Amos Maki

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Amos Maki, who can be reached at 603-4025 or amos@memphisdailynews.com.

Developer Tries Again for Highland McDonald’s

By Amos Maki

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The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

The developer is going before the Board of Adjustment Aug. 27 to seek approval for several zoning variances, including for additional parking and a “blank wall” facing Highland. Office of Planning and Development staff has not yet made a recommendation on the latest site plan.

In November, developer Century Management Inc. withdrew its request for approval from the Land Use Control Board after facing opposition from city planners and neighbors.

Earlier designs of the proposed restaurant at the southeast corner of Highland Street and Southern Avenue ignited strong opposition from neighbors – including university leaders and the University Neighborhood Development Corp. – because it did not comply with portions of the University District Overlay, a set of zoning regulations that promotes urban, pedestrian-friendly development.

Neighbors opposed a suburban-style loop drive-thru that Century Management said was critical for the restaurant, which was pointed diagonally toward the intersection of Highland and Southern.

Office of Planning and Development staff recommended rejecting that site plan because it did not hug the sidewalk or have enough “transparency,” or windows, both key elements in New Urbanism. OPD staff said the McDonald’s should line Highland and that the drive-thru lane be located on the building’s east side, elements included in the new site plan.

In leasing news, the Shoppes of Hacks Cross is almost completely leased.

The 43,621-square-foot neighborhood center adjacent to the FedEx world headquarters at Winchester and Hacks Cross roads has seen a flurry of activity that leaves only one 4,000-square-foot space available.

Holiday Ham and Turkey has renewed and expanded its lease at Shoppes of Hacks Cross.

Shawn Massey and Robert Sloan of The Shopping Center Group LLC represented the landlord, PMT PARTNERS XVIII LP. Parrish Taylor of Harbert Realty represented Holiday Ham and Turkey.

Eye Level Learning Center recently signed a new lease for 1,600 square feet at the retail center. Massey and Sloan represented the landlord, while FGP Commercial Leasing represented the tenant.

American Cash Advance renewed its lease in the center in a bigger space, going from 1,350 square feet to 1,600 square feet. Massey and Sloan represented the landlord.

MetroPCS has leased space in the Lenox Park office complex. The company leased 2,100 square feet at Building C inside Lenox Park, located at Tenn. 385 near Kirby Road.

Frazier Baker of Colliers International Memphis represented MetroPCS. CB Richard Ellis Memphis represented the landlord, Highbrook Investment Management, which purchased buildings C, D, E and F in Lenox Park in 2012. Since Highbrook purchased the four buildings, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr and Verso Paper.

An affiliate of Tenet Healthcare focused on delivering emergency service has leased space in Cordova.

Memphis Urgent Care has leased 3,500 square feet in a building under construction at 1941 S. Germantown Parkway.

Brian Whaley of CBRE Memphis represented the tenant.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 41 41 17,762
MORTGAGES 70 70 23,138
FORECLOSURE NOTICES 14 14 4,532
BUILDING PERMITS 163 163 42,320
BANKRUPTCIES 50 50 16,741
BUSINESS LICENSES 14 14 5,795
UTILITY CONNECTIONS 113 113 25,287
MARRIAGE LICENSES 18 18 5,399

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