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Editorial Results (free)

1. Self-Driving Cars Could Ease Traffic, But Increase Sprawl -

BOSTON (AP) – A new study inspired by Boston's early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl.

2. Sewer Cut-Off Aligns With Developing Densely -

When the city decided in August to end all new connections to the sewer system by developments outside of the Memphis city limits effective immediately, it was about much more than the sewer system.

3. City Leaders: Pinch District Development ‘Knitting Together’ Neighborhoods -

The theme that keeps emerging when stakeholders and key officials talk about redevelopment of Downtown’s Pinch neighborhood is that of connecting pieces. The pieces are areas and landmarks around it that have been the focus of investment and attention and traffic while the Pinch has somewhat stalled.

4. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

5. Leaders: Pinch District Development 'Knitting Together' Neighborhoods -

The theme that keeps emerging when stakeholders and key officials talk about redevelopment of Downtown’s Pinch neighborhood is that of connecting pieces. The pieces are areas and landmarks around it that have been the focus of investment and attention and traffic while the Pinch has somewhat stalled.

6. Developers Pull $24M Permit for Midtown Market -

Midtown Market, a mixed-use project Belz Enterprises and Harbour Retail Partners are developing at the the corner of Union Avenue and McLean Boulevard, appears set to move forward soon.

Developers have filed a $24 million building permit application for the project, which appears to be in line with a scaled-back outline of the project presented to Downtown Memphis officials earlier this year. Interim Downtown Memphis Commission president Jennifer Oswalt told The Daily News, in response to the permit, the project looks headed in the same direction as plans presented to the Center City Revenue Finance Corp. and Design Review board in February, and “we are excited that it is getting started.”

7. Designs for 3 Downtown Redevelopment Projects Approved -

Plans for three prominent Downtown redevelopment projects received the architectural green light Wednesday afternoon, Oct. 11, from the Downtown Memphis Commission’s Design Review Board.

Developer 495 TN Partners, which includes partners William Orgel, Jay Lindy and Adam Slovis, will be able to begin construction on Phase II of the Tennessee Brewery development at the southeast corner of Tennessee Street and Butler Avenue in the South Main Historic Arts District.

8. Last Word: 'Seismic Shift,' Mason Village and Running A Store From A Cloud -

It doesn’t take a lot of imagination to drive through the old town part of Cordova near its one-time train station and see the potential. Now word of a new restaurant opening later this month in what is known as Farley House. The old town is an interesting mix of new development and old development including an iconic country Baptist church that not too long ago turned 100 years old. And then there is the trail head for the Shelby Farms Greenline that runs near the train station.

9. Coming Back -

Heavy machinery has been moving dirt around for a few months now on the E.H. Crump Boulevard lot that was once the site of the Fowler Homes public housing development. Leaders with the city of Memphis and the Memphis-based Church of God in Christ (COGIC) got around to the formalities Wednesday, Oct. 11, of breaking ground for construction of Mason Village – a $12.5 million development of 77 affordable townhomes on the site.

10. Midtown Market Developers Pull $24M Building Permit -

Midtown Market, a mixed-use project Belz Enterprises and Harbour Retail Partners are developing at the the corner of Union Avenue and McLean Boulevard, appears set to move forward soon.

Developers have filed a $24 million building permit application for the project, which appears to be in line with a scaled-back outline of the project presented to Downtown Memphis officials earlier this year. Interim Downtown Memphis Commission president Jennifer Oswalt told The Daily News, in response to the permit, the project looks headed in the same direction as plans presented to the Center City Revenue Finance Corp. and Design Review board in February, and “we are excited that it is getting started.”

11. Outdoors Retailer REI Plans First Memphis Store -

In this week's Real Estate Recap, outdoors retailer REI eyes Ridgeway Trace for its first local store, Hilton Worldwide prepares to upgrade its Memphis campus, and several proposed Midtown projects seek financial incentives.

12. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

13. 2 Cooper St. Projects In Midtown Seek Incentives -

Two separate Midtown projects, both located on Cooper Street, are seeking 11-year tax abatements from the Downtown Memphis Commission’s Center City Revenue Finance Corp. board.

14. Two Midtown Projects Apply for Tax Incentives -

Two separate Midtown projects, both located on Cooper Street, are seeking 11-year tax abatements from the Downtown Memphis Commission’s Center City Revenue Finance Corp. board.

The first project, located at 663 and 673 Cooper St., is an office/residential mixed-use development submitted by filament LLC, the development wing of local architectural firm, archimania.

15. Positive Absorption Streak Continues in Industrial Market -

For the 17th straight quarter, the Memphis area industrial market continued its positive absorption streak, as it wrapped up Q3 2017 with more than 800,000 square feet of positive net absorption, according to commercial real estate brokerage firm CBRE’s Memphis Industrial MarketView Report.

16. IDI Planning Huge Facility Near Airport -

Atlanta-based developer IDI Gazeley appears to be planning a large-scale commercial warehouse less than two miles from the Memphis International Airport.

Located at 3292 Holmes Road, near the intersection of Holmes and Tchulahoma roads, IDI has already began moving dirt on the 139-acre site to prepare for a new commercial warehouse facility. The property is currently being marketed by Scott Pahlow with the commercial real estate advisory firm Newmark Knight Frank.

17. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

18. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

19. Overton Square Hotel Awarded Tax Incentives -

The developers of a $24 million Overton Square hotel and a Canadian elevator company looking to build its first U.S. facility in Memphis have been awarded tax incentives to move ahead with their projects.

20. Overton Square Hotel Approved for Tax Incentives -

The Economic Development Growth Engine board has approved Loeb Properties' request for a 15-year tax abatement to build a 100-room boutique hotel near Overton Square.

Despite some concerns from the EDGE board over the definition of blighted property, Loeb Properties and its partners, boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group, were approved for the payment-in-lieu-of-taxes incentive Wednesday, Sept. 20, to help offset the construction costs of the $24 million hotel.

21. Concourse to Build Out Some of Remaining Space -

Though it held its official grand opening late last month, Crosstown Concourse continues to lease up and build out some of the last remaining vacant spaces in the 1.5 million-square-foot “vertical urban village” in the former Sears Crosstown building.

22. Concourse Ready to Build Out Some of Last Remaining Space -

Though it held its official grand opening late last month, Crosstown Concourse continues to lease up and build out some of the last remaining vacant spaces in the 1.5 million-square-foot “vertical urban village” in the former Sears Crosstown building.

23. Home Sales, Prices Rise Sharply in August -

As the summer months wind down, the housing market in Memphis and Shelby Country continued the upward swing that it has been on all year.

In August, the average home sales price was $172,152, a 6 percent increase from August a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

24. REIT Set to Make Fifth Downtown Memphis Investment -

Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.

25. Memphis Moves Closer to Confederate Statue Removal -

The Memphis City Council has passed the first of three votes on a resolution that declares Confederate statues on city-owned property public nuisances and sets up a framework for the city to remove those statues even without approval from the state.

26. Council to Weigh Statues, Funding Projects -

Memphis City Council members have a busy agenda Tuesday, Sept. 5: continued discussion regarding bypassing a Tennessee Historical Commission waiver process to remove Confederate monuments and a recently enacted ban on sewer connections to properties outside the city limits.

27. New Union Ave. Bank Branch, Whitehaven Wastewater Facility Seek Design Variances -

Pinnacle Bank is seeking a set of variances from the Memphis and Shelby County Board of Adjustment to build a new branch at the corner of Union Avenue and Rozelle Street.

28. Experts Differ on Convention Center Hotel Financing -

At the end of the final hour-long panel discussion during the two-day Southern Lodging Summit Downtown, Chad Crandell, the managing director and CEO of CHM Warnick – one of the best-known hotel asset management firms and advisers to hotel owners – made his pitch.

29. Hotel Summit Panel Differs On Ways to Finance Convention Center Hotel -

At the end of an hour-long panel discussion at the very end of the two-day Southern Lodging Summit Downtown, Chad Crandell – the managing director and CEO of CHM Warnick, one of the best known hotel asset management firms and advisors to hotel owners in the business -- made his pitch.

30. Pinnacle Bank Seeks Variances for New Midtown Branch -

Pinnacle Bank is seeking a set of variances from the Memphis and Shelby County Board of Adjustment to construct a new branch at the corner of Union Avenue and Rozelle Street.

31. Nashville Revisits $100M Flood Protection After Harvey -

NASHVILLE, Tenn. (AP) – A Tennessee city will revisit flood protection plans following flooding in Texas from Tropical Storm Harvey, which came ashore last week as a hurricane.

WPLN-FM reports the Nashville Metro Council will meet next month to consider building a floodwall system, a proposition that had been effectively tabled earlier this year. The first batch of funding for the $100 million barrier and pumping system was pulled from Mayor Megan Barry's construction budget in June on a 24-10 vote, over concerns that the plan was too focused on Nashville's urban core.

32. Editorial: Memphis Still on Road To Becoming ‘Bike Community’ -

The Shelby County Board of Adjustment this week approved a proposed multifamily development in the Cooper-Young Historic District, a small project by many standards on a 0.4-acre tract near the neighborhood’s namesake, the intersection of Cooper Street and Young Avenue.

33. New Cooper-Young Apartments Receive Green Light -

A contentious apartment complex slated for the heart of the Cooper-Young Historic District is moving forward after receiving the green light from the Memphis & Shelby County Board of Adjustment. But the board’s approval of the project Wednesday, Aug. 23, wasn’t a quick process.

34. Council OKs $6M Loan for Wonder Bread Garage -

The Memphis City Council approved a $6 million loan on Tuesday, Aug. 22, to help finance the development of a 481-space parking garage that’s a key part of the $73 million Wonder Bread redevelopment.

35. Parking at Crux of Cooper Street Plan -

It’s no secret that adding density in core areas like Midtown and Downtown has become one of the city’s more high-profile developmental goals, which is why more plans for multifamily projects have been popping on the agendas of governing bodies recently.

36. EDR Gets Predevelopment Nod for MSU Housing Project -

EdR, also called Education Realty Trust Inc., has announced that its predevelopment agreement for the College View housing development project at Mississippi State University has been approved by the Board of Trustees of State Institutions of Higher Learning.

37. Avison Young’s Memphis Office Uses Diversified Approach -

Eighteen months ago, real estate brokers Shane Soefker and Jacob Biddle decided they wanted to do things a little differently, so they left their jobs at a local brokerage firm and set off on their own.

38. Downtown Lofts to Begin Second Phase -

In this week’s Real Estate Recap, 266 Lofts in Downtown Memphis begins its second phase, Peak Capital closes on a massive Cordova apartment complex, and a Chattanooga-based rock climbing gym purchases land in East Memphis.

39. Developers Close on Land For Rock Climbing Wall -

Chattanooga-based High Point Rock Climbing and Fitness Memphis, doing business as High Point Memphis LLC, has purchased an undeveloped tract of land adjacent to Christian Brothers High School from Boyle Investment Co., doing business as BIC HH Partnership, for $1.9 million.

40. Avison Young’s Memphis Office Finds Strength In Diversified Approach -

Eighteen months ago, real estate brokers Jacob Biddle and Shane Soefker decided they wanted to do things a little differently, so they left their jobs at a local brokerage firm and set off on their own.

41. Developers Close on Land For Rock Climbing Wall -

Chattanooga-based High Point Rock Climbing and Fitness Memphis, doing business as High Point Memphis LLC, has purchased an undeveloped tract of land adjacent to Christian Brothers High School from Boyle Investment Co., doing business as BIC HH Partnership, for $1.9 million.

42. Wonder Bread Garage Gets OK From Parking Authority -

The Downtown Parking Authority has given its approval to the 481-space parking garage connected to the $73 million Wonder Bread redevelopment, paving the way for developers PGK Properties to seek final approval from the Memphis City Council and Shelby County Commission.

43. Downtown Lofts to Begin Second Phase -

The area surrounding developer Vince Smith's project 266 Lofts, located at the corner of Front Street and Martin Luther King Jr. Avenue, has already seen its share of changes since it broke ground last year, and it’s about to change even more.

44. MEMFix Sets Date for Eighth Installment -

Urban infill projects in core sections of the city are not only transforming surrounding areas, but also how Memphians view the city’s neglected assets.

Looking to build off of the momentum of such successful rehabilitation projects, MEMFix has set its sights on the intersection of Madison Avenue and Cleveland Street, where it will host its next event on Oct. 13 from 11 a.m. to 8 p.m.

45. City Council Approves Beale Hotel, Parking -

The Memphis City Council approved Tuesday, Aug. 8, plans for a five-story, 101-room hotel and a five-level 103-space parking deck in the block of Beale Street between Fourth Street and Danny Thomas Boulevard. Original plans called for a six-story hotel building, but that was later changed.

46. Midtown Gated Community, Shelby Farms Hotel Approved by Planning Officials -

A plan to replace the former Red Cross building in Midtown with a 12-unit luxury gated community was approved by the Shelby County Land Use Control Board at its Thursday, August 10 meeting.

Last month, developers Lee Askew and Martin Edwards presented their plans to nearby residents at a public meeting where it was received with mostly favorable results.

47. City Council Approves Beale Hotel, Parking -

The Memphis City Council approved Tuesday, Aug. 8, plans for a five-story, 101-room hotel and a five-level 103-space parking deck in the block of Beale Street between Fourth Street and Danny Thomas Boulevard. Original plans called for a six-story hotel building, but that was later changed.

48. Council Approves 5-Year Pact with University for Liberty Bowl Lease -

Just in time for an Aug. 31 football season opener, the University of Memphis has a new five year contract with the city of Memphis for the use of the Liberty Bowl and surrounding Fairgrounds area.

49. Home Sales Up, Price Slips in July -

As the housing market begins to head into a slower time of year with school restarting, home sales still continue to outpace last year’s figures despite a slight dip in average sales price.

The number of units sold in Shelby County was up 14 percent in July, with 1,808 sales recorded compared with 1,584 last July, according to real estate information company Chandler Reports, chandlerreports.com.

50. $73M Mixed-Use Bakery Development Clears First Hurdle -

Development Services Group’s $73 million plan to breathe new life into a 10-acre swath of the Memphis Medical District has taken its first public step toward becoming a reality.

On Tuesday, Aug. 8, the Center City Revenue Finance Corp. approved the developer’s request for a 20-year tax incentive to help offset construction costs for the ambitious project.

51. Last Word: The Orange Mound Way, Midtown Apartments and 'I Am A Man' Plaza -

First day of school redux on Tuesday for students in Memphis Catholic Schools and it is a half-day. The first day of classes in most of the county’s other schools Monday went smoothly. Shelby County Schools reports more than 6,000 students registered on the first day of school despite another concerted effort at numerous events to register students in advance. That’s in a school system of approximately 96,000 students.

52. Tax Breaks Broaden For Residential, Retail Deals -

Some changes are coming in the rules surrounding incentives that the Economic Development Growth Engine for Memphis and Shelby County – or EDGE – can use for different kinds of development and for broader use of tax increment financing – or TIF – zones to sustain redevelopment.

53. Tensions of Density -

With hundreds of units already announced and all signs indicating there are more to come, the Midtown apartment market is primed to explode.

But when it comes to development, it’s no secret that Midtown residents can be fiercely protective.

54. The Week Ahead: August 7-13 -

Hello, Memphis! While many local kids head back to school, plenty of Elvis fans are flocking to the city to celebrate The King’s life and legacy. Check out what else you need to know about in The Week Ahead…

55. Next Big Leap for Apple? – Augmented Reality -

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

56. Developers Baking $73 Million Deal at Wonder Bread Plant -

A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

A group of investors spearheaded by Chisca Hotel Developers – Development Services Group – has submitted a $73 million plan to create 286 upscale multifamily units, a 480-space parking garage and 150,000 square feet of office and retail space.

57. Wonder Bread Factory Rebirth Eyed by Chisca Hotel Developer -

A new plan submitted to city officials would breathe new life into the former Wonder Bread factory that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

58. Binghampton, Uptown Redevelopment Efforts Move Forward While Waiting for the CRA -

If Binghampton can get a proposal for tax increment financing (TIF) approved by the end of the year, it would mean an immediate $332,000 in capital and an estimated $26 million over the 30-year life of the TIF zone to sustain and further grow commercial and residential development in the area.

59. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

60. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

61. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

62. City Master Plan Development Aims To Reverse Random Development -

Not too far past a new generation of civic plans is the filter of reality – what is possible by a business bottom line.

At the outset of the still-forming Memphis 3.0 master development plan, the reality without a plan is striking.

63. Binghampton, Frayser Retail Projects Look To Lift Communities -

They say retail is a numbers game, and for some communities, when those numbers don’t add up they can get left behind by developers.

That’s why the Binghampton Gateway and Frayser Gateway – a pair of retail projects in different areas and stages of development – hope to send a message that overlooked communities have more to offer than just numbers.

64. Last Word: ICE Raids, Who's Buying Afton Grove and Malco Powerhouse Plans -

A protest Sunday evening at the Prescott Place Apartments after federal ICE agents – Immigration and Customs Enforcement – took people into custody there and at Emerald Ridge and Corner Park apartments Sunday morning. The group of organizations protesting the federal action – Memphis Coalition of Concerned Citizens, Cosecha and SURJ Memphis -- say Memphis Police assisted in the immigration operation. Memphis Police deny they were involved in any way. No estimate from ICE on how many people were detained.

65. Environmental Report on Pipeline Favorable for Developers -

RICHMOND, Va. (AP) — The Atlantic Coast Pipeline intended to carry natural gas across West Virginia, Virginia and North Carolina would have some adverse environmental effects, including impacts on water resources, forest and other habitats, but most could be reduced to insignificant levels, an assessment by federal regulators found.

66. Developers Lay Out Latest Plans for Proposed Midtown Gated Community -

In a quiet room inside of his Midtown architecture firm, Lee Askew of ANF Architects presented the latest incarnation of his plans to turn the former Red Cross building at the corner of Central Avenue and Mansfield Street into a 12-unit luxury gated community.

67. Binghampton, Frayser Retail Projects Could Lift Respective Neighborhoods -

They say retail is a numbers game, and for some communities, when those numbers don’t add up they can get left behind by developers.

That’s why the Binghampton Gateway and Frayser Gateway – a pair of retail projects in different areas and stages of development – hope to send a message that overlooked communities have more to offer than just numbers.

68. The Week Ahead: July 17-23 -

Hello, Memphis! Young, local artists are in the spotlight this week with a couple of art shows where you can meet these talented youths and someday say, “I knew them before they were famous.” Check out details on those, plus more cool events and hot happenings in The Week Ahead…

69. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

70. Three Local Developers Seeking DMC Grants to Attract New Tenants -

Three new redevelopment projects are seeking Exterior Improvement Grants from the Downtown Memphis Commission in the hopes of attracting new tenants.

The first applicant, Janice Holder, is a retired Tennessee Supreme Court Justice, seeking to restore the façade of her building, located 55 S. Main St., back to its Gilded Age roots.

71. Last Word: Fifth Wave, Hidden Gem in OB and the Freeze Filibuster -

There is one less contender in the crowded field of potential and declared candidates for the Republican nomination for Governor in 2018. State Senate Majority Leader Mark Norris of Collierville was nominated for federal court judge Thursday by President Donald Trump who also nominated Memphis attorney and former federal prosecutor Tommy Parker to the U.S. District Court for the Western District of Tennessee as well. Both are part of what The White House described as a “fifth wave” of judicial nominees.

72. Overton Gateway Developers, Neighbors Reach Tentative Compromise -

It may have taken the mediation of a Memphis City Council member and two hours of negotiation, but representatives from a local development group and a coalition of concerned Midtown residents were able to reach a tentative compromise on the fate of a massive project at the doorstep of Overton Park.

73. Paradigm Innovating, Evolving in 25th Year -

Following major cancer surgery three years ago, Paradigm Marketing & Creative’s owner and chief idea architect Charles Gaushell decided to focus less on growing his company’s size just for the sake of growth and more on the quality of its clients and helping them to best tell their stories.

74. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

75. Memphis, Shelby County Home Sales Still Rising -

Though last month saw the first dip in average home sales prices in nine months, the number of home sales in June continued to increase.

The average sales price dropped slightly to $178,572, a 1 percent decrease from a year ago, according to real estate information company Chandler Reports, chandlerreports.com. However, the total number of home sales reached 1,852 for the month, up 9 percent from 1,692 a year ago. Additionally, the volume of home sales rose to $331 million, up 8 percent from $305 million last year.

76. Memphis, Other Secondary Markets Poised for Industrial Growth -

When it comes to logistics, the primary distribution center markets like Atlanta, Chicago and Los Angeles have led the way in terms of warehouse development. But as more companies look to tighten their supply chain, secondary markets – including Memphis; Louisville, Kentucky; and Cleveland, Ohio – have found themselves in a better position to absorb growth.

77. Jernigan Capital Hits Investment Milestones -

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

78. Foote Homes Last Vestige Of Public Housing -

As the last of the city’s large public housing developments is demolished, the oldest of the mixed-income communities that replaced them is about to turn 20.

College Park opened in 1998 on the site of what had been Lemoyne Gardens in the area of South Memphis now known as Soulsville.

79. Memphis Among Hardest Cities to Add Apartments -

When it comes to adding new apartment projects, Memphis ranked as the No. 5 most difficult metro out of 50 metros surveyed, according to data compiled by Hoyt Advisory Services at the behest of the National Multifamily Housing Council and the National Apartment Association.

80. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

81. Memphis Among Hardest Cities to Add New Apartments -

When it comes to adding new apartment projects, Memphis ranked as the No. 5 most difficult metro out of 50 metros surveyed, according to data compiled by Hoyt Advisory Services at the behest of the National Multifamily Housing Council and the National Apartment Association.

82. Developers Pull $6M Permit For New Downtown Hotel -

A long-awaited Downtown hotel project finally takes a step forward.

The Beale Street Hotel Group has filed a $6 million building permit application with the city-county Office of Construction Code Enforcement to build a new 115-room hotel across from AutoZone Park, home of the Memphis Redbirds.

83. $18.5 Million Permit Filed For Central Station Project -

The developers of the Central Station, located at 545 S. Main St., filed an $18.5 million building permit application with the city-county Office of Construction Code Enforcement to convert the existing building from residential apartments to a hotel.

84. Last Word: Health Care Plan React, Treasury Footprint and Tom Bowen - Take Two -

It’s like they aren’t even looking at the same legislation. That’s one explanation of the very different reviews the Senate health care bill got Thursday as it was unveiled in Washington. Illustrating the contrast, the reactions of Republican U.S. Senator Lamar Alexander of Tennessee and Democratic U.S. Rep. Steve Cohen of Memphis.

85. Developers Pull $6M Permit for New Downtown Hotel -

A long-awaited Downtown hotel project finally takes a step forward.

The Beale Street Hotel Group has filed a $6 million building permit application with the city-county Office of Construction Code Enforcement to build a new 115-room hotel across from AutoZone Park, home of the Memphis Redbirds.

86. ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown -

The Ground Floor, ServiceMaster’s 20,000-square-foot innovation center located in the former home of Tower Records, formally opened Thursday, June 15 – marking the first completed phase of the Memphis-based company’s Downtown relocation.

87. Shelby County Home Sales Heating Up Before Summer -

A solid spring has sown the seeds for an even better summer as the red-hot Memphis area real estate market enters its busiest time of the year.

The average home sales price in May was $169,549, a 10 percent increase from $154,171 a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

88. Tennessee Brewery Developers Seek Incentives for Second Phase -

The developers of the Tennessee Brewery project are seeking a 20-year tax abatement to begin construction on phase two of their Downtown Memphis mixed-use development.

William Orgel, Jay Lindy and Adam Slovis, representing 495 TN Partners, have applied to the Center City Revenue Finance Corp. for a payment-in-lieu-of-taxes incentive to build an additional 130-unit, four-story building they estimate will cost around $12.3 million.

89. Last Word: Easy Fishing on Big River, Competing City Priorities and Durham's Fine -

The Arkansas side of the Big River Crossing opened Wednesday for the first time since May 2 when a rising Mississippi River prompted its closing while the crossing proper on the north side of the Harahan Bridge remained open. There is still some of the muddy river left on the Arkansas flood plain and several dozen cranes stopping in Wednesday afternoon for some easy fishing in the shallow waters.

90. Tennessee Brewery Developers Seeking Tax Incentives for Second Phase -

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development.

91. Demand for Smaller Industrial Facilities Growing -

Even though massive deals like Niagara Bottling’s 554,000-square-foot facility and McCormick & Co.’s 615,000-square-foot operation next door in Gateway Global Logistics Center often steal the spotlight, they only paint part of the picture of North Mississippi’s industrial market.

92. North Mississippi Developers Gear Up to Land Large Clients -

With almost 3.5 million square feet of speculative space floating around in North Mississippi just between Crossroads Distribution Center and Gateway Global Logistics Center alone, it appears that there is no shortage of interest in the region from prospective clients.

93. ServiceMaster Almost Ready for First Employees to Occupy Downtown HQ -

By mid-June the first wave of employees will move into the new ServiceMaster Global Headquarters at 150 Peabody Place, bringing to fruition what many city leaders believe is one of the biggest wins for Downtown Memphis in a decade. 

94. The Buying And Selling Of Memphis -

Even before he went to federal prison for 25 years on a racketeering conviction in 1995, Danny Owens had a real estate portfolio. The strip-club kingpin who defined the industry in Memphis across a 20-year period owned the old Memphian movie theater and made possible its 1986 sale to Playhouse on the Square by donating $160,000 toward its purchase.

95. Medical District Apartments Sell for $5.2 Million -

A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...

96. Downtown Apartment Developer Seeks $18M in Permits -

Elmington Capital Group is ready to continue its spree of Downtown multifamily development.

The Nashville-based company, doing business as ECG Forum GP LLC, is seeking four building permits totaling $18.2 million to construct apartments southeast of FedExForum.

97. Memphis Retail Brokers Preparing for Largest Event of the Year in Vegas -

This week more than 37,000 retail real estate professionals from 58 countries will gather in Las Vegas for the International Council of Shopping Centers’ annual RECon convention.

At the event, which will run May 21-24, there will be no shortage of representatives from the Bluff City who run the gamut from brokers, developers and landlords looking to attract the next big restaurant, hotel or store, to Memphis-based companies like AutoZone and FedEx Office looking to grow their global footprint.

98. Last Word: Carousel Preview, New Crime Stats and EDGE Does Multi-Family -

The group Friends of the Fairgrounds got together Thursday evening at the Children’s Museum of Memphis and got the first group tour of the Grand Carousel center under construction at CMOM. This is as the museum focuses more on fundraising for the $6 million project that has already raised the money for the restoration of the carousel itself and now sets about the task of paying for the building around it including a banquet hall. Here’s a look from our Facebook page with more to come on CMOM and the Fairgrounds for the Monday edition that will probably go up on line Friday.

99. EDGE to Test Multifamily Tax Abatements -

The Economic Development Growth Engine of Memphis and Shelby County has approved a trial run of a new payment-in-lieu-of-taxes program aimed at encouraging development of multifamily housing the city of Memphis feels it needs to break free of the cycle of stagnant population growth.

100. 'War' on Blight -

Attorney Steve Barlow has been working on blight issues for 20 years, which is to say he’s been working for two decades almost exclusively on the maze of rules, regulations and procedures that make blight possible and sustainable.