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Editorial Results (free)

1. Carlisle to Partner with Highwoods, Hyatt on One Beale -

For more than a decade the Carlisle family’s dream of their One Beale development becoming a reality always seemed just out of reach. 

But when a visibly emotional Chance Carlisle finally announced Tuesday, July 24, that the on-again, off-again project first envisioned by his late father would finally break ground in January, that dream seemed as close to reality as it ever has. 

2. Stocks emerge from wild, unpredictable first half with gains -

NEW YORK (AP) — The first half of the year was full of surprises on Wall Street.

Even experts and investors who expected more volatility after a historically calm 2017 were caught off guard by many of the developments inside and outside the markets this year, including the rapid gains stocks made in January, their abrupt descent into a "correction," and the ongoing trade tensions that threatened to undo the benefits of the GOP tax overhaul and strong corporate profits. Still, consumer-focused companies like retailers had a strong start to the year and technology companies continued to rally, while high-dividend stocks, especially phone companies and household goods makers, lagged behind.

3. Bike Share, Greenway and Bike Lane Efforts Point Toward Common Goal -

Four years after it made its tentative debut with the opening of the Overton Park Bike Gate, the Hampline, across East Parkway from the eastern end of Overton Park, is about to become permanent.

“The Hampline that exists today is about to be changed,” city bikeway and pedestrian program manager Nicholas Oyler said on WKNO-TV’s “Behind The Headlines.”

4. Month-old Bike-Share Program Exceeding Expectations in Memphis -

And we’re rollin’! The new bicycle-sharing system introduced a month ago is exceeding expectations and fueling hopes that Memphis is on a revolutionary pathway to improve health and community connectivity.

5. Hilton Canopy Hotel, Museum Lofts Receive Tax Incentives -

Rhode Island-based Magna Hospitality Group, doing business as MHF Memphis VI LLC, has been granted a 15-year tax incentive to build a $43 million four-star hotel on the site of the former Benchmark Hotel at 164 Union Ave.

6. 100 North Main -

The city’s tallest building, the 37-story 100 North Main Building – may or may not become the city’s second convention center hotel. But the skyscraper that has been vacant for four years and counting is the centerpiece of a 3-acre planned commercial complex anchored by a 600-room hotel, no matter where it winds up in the footprint. The complex, as much as the hotel, promises to change more than the city’s convention business.

7. Last Word: A New Council Member, Law Without Signature and Corker Down Under -

The Memphis City Council should be back up to full strength by the time Tuesday becomes Wednesday. Filling the Super District 9 seat left vacant by the resignation earlier this month of Philip Spinosa to join the leadership of the Greater Memphis Chamber is on the council’s agenda Tuesday afternoon – the last item on the agenda. But the council usually skips around.

8. AutoZone Expanding Downtown, One Commerce Square Hits Market -

40 S. Main St.

Memphis, TN 38103

Property: One Commerce Square Building 

Seller: Memphis Commerce Square Partners LLC

Details: One Commerce Square, the fourth-largest building in Memphis, has hit the market.

9. Second Convention Center Hotel Has Footprint Beyond City’s Tallest Building -

After four years as an emptied out eyesore and lots of promises with very little follow up, the city’s tallest building is at the center of a tentative deal to make it the second convention center hotel.

10. Building Heritage -

The basement of the Universal Life Insurance building, a Memphis landmark at Danny Thomas Boulevard and Dr. Martin Luther King Jr. Avenue, is still defined by the intersection of overhead ventilation shafts and pipes.

11. Fire Station Shuffle Outlined for City Council -

Memphis City Council members heard plans in Tuesday, Feb. 20, committee sessions from Memphis Fire Director Gina Sweat to close the city fire station on the northwest corner of Union Avenue and Front Street and build a new station on the northeast corner of Danny Thomas Boulevard and Adams Avenue.

12. Fire Station Shuffle Outlined for City Council -

Memphis City Council members heard plans in Tuesday, Feb. 20, committee sessions from Memphis Fire Director Gina Sweat to close the city fire station on the northwest corner of Union Avenue and Front Street and build a new station on the northeast corner of Danny Thomas Boulevard and Adams Avenue.

13. Election Methods and Murals Dominate Light Council Day -

Memphis City Council members doubled down Tuesday, Feb. 20, on calling for a cover-up of six murals near Lamar Avenue. And the council’s attorney said ranked-choice or instant-runoff voting isn’t needed in Memphis.

14. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

15. Homeless Work Program Increases Scope, Pay -

Work Local, a Downtown-centric program providing work opportunities for homeless Memphians is expanding its scope using additional funding from the Downtown Memphis Commission and the Memphis Convention and Visitors Bureau.

16. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

17. Work Program for Homeless Increases Scope, Worker Pay -

Work Local, a Downtown-centric program providing work opportunities for homeless Memphians is expanding its scope using additional funding from the Downtown Memphis Commission and the Memphis Convention and Visitors Bureau.

18. Infill Residential Projects Seek Approval -

Developers of a trio of new, small subdivisions in Central Gardens, the University District and in Whitehaven will all seek approval from the Land Use Control Board during its Thursday, Feb. 8, meeting.

19. Food Fancy -

Say what you want about the kind of city Memphis is or isn’t for foodies who prefer originality to the chains and knockoffs that are so familiar a sight in suburbia. But let it be known that 2017 was another year of ascendancy for Memphis’ singular, distinctive food scene, with the constant arrival of new concepts and experiences that in turn also says something about the city that patronizes those establishments.

20. Last Word: Lawyering Up, No More Beale Street Cover and Pastner Probe -

Committee day for the Shelby County Commission on Wednesday has now come to include a special meeting to vote on something. And that something amounts to doubling down on the move by commission chairwoman Heidi Shafer to lawyer up on the issue of opioid abuse and the role big pharma has played in the problem. The special meeting comes two days after Shelby County Mayor Mark Luttrell sued Shafer in Chancery Court claiming she violated the county charter by unilaterally making that decision last week.

21. Patton & Taylor Planning Gated Community Near Highland Row -

Between the success of Highland Row, the revitalization of the Highland Strip, and the University of Memphis’ own plans to build a land bridge across the Southern Avenue railroad tracks, the demand for real estate in the area surrounding the U of M is soaring.

22. Brooks Move, Riverfront Plan Come in Focus -

Three months after yet another riverfront redevelopment concept plan was unveiled with some skepticism, Memphis Mayor Jim Strickland has the catalyst his administration needs to get parts of the plan moving.

23. Brooks Pursues Riverfront Site for New Museum -

The board of the Memphis Brooks Museum of Art announced Tuesday, Oct. 17, it is working with city government to relocate the museum from its Overton Park home to a Downtown site on Front Street between Union and Monroe avenues.

24. 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.

25. Fourth Bluff Effort Moves Toward More Permanent Plans -

You can still see the words on the surface of Riverside Drive from the RiverPlay area that took over the street between the Mississippi River and Memphis Parks during the summer.

“In Memphis We Ball” reads the chipped white lettering on the asphalt, with the word “ball” almost unrecognizable.

26. Last Word: Juvenile Court Return, Berlin Boyd's Week and Tony Allen Thoughts -

Two weeks ago Juvenile Court Judge Dan Michael was on Behind The Headlines in a half-hour conversation about the court and federal oversight that drew quite a bit of reaction to Michael’s strong opinions about the need to end that oversight. Even before that reaction we had planned to do a second part of the conversation with those who favor continued federal oversight of the court.

27. Silly Goose Owner Opening New Lounge in South Main -

After making a name for himself as a popular bartender in Downtown Memphis, Daniel Masters struck out on his own and opened his first bar, The Silly Goose, at the age of 28.

28. Downtown Lounge Owner Jazzes Up South Main Restaurant -

After making a name for himself as a popular bartender in Downtown Memphis, Daniel Masters struck out on his own and opened his first bar, The Silly Goose, at the age of 28.

29. 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.

30. Remaking Crosstown -

As he was leading tours through Crosstown Concourse this month, Todd Richardson took a small group to a set of windows for a balcony view of an addition being constructed on the north side of the property.

31. 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.

32. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

33. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

34. The Week Ahead: May 15-21 -

Happy Monday, Memphis! This week, Downtown welcomes barbecue teams from around the world coming to compete in the Super Bowl of Swine. Plus, we’ve got details on the remembrance of a somber moment in Memphis history; a reading festival for kids of all ages; and more you need to know about in The Week Ahead…

35. Last Word: Railgarten Redux, Raleigh Springs Mall and Forrest Author Speaks -

Railgarten II, Son of Railgarten, Railgarten, Beyond the Board of Adjustment, Railgarten, Enter The City Council … Take your pick of sequel titles. Railgarten goes back to the City Council Tuesday for at least a committee discussion in which the council considers whether it should take back the special use permit it granted the bar-restaurant. This is a follow up to the Board of Adjustment decision last month to delay any action on approving the other annexes of the business for 30 days.

36. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

37. Community Groups Working to Bridge Economic Development Gaps -

When a $1 million award for North Memphis was announced recently, it signaled an opportunity to bring change to those communities.

North Memphis received a $1 million award through the Strong, Prosperous, And Resilient Communities Challenge (SPARCC) that went to the Memphis Partners for Resilient Communities. But in the Klondike and Smokey City neighborhoods of North Memphis, work has been underway for years to support the people who live and work there in the form of the Klondike Smokey City Community Development Corp.

38. Last Word: TNReady Scores, Ikea Day and 901REnews -

Snap goes the streak. Cavs over the Grizz in Cleveland Tuesday 103-86. The Cavs are here Wednesday without LeBron James, Kevin Love or Kyrie Irving. For the Grizz, we shall see about Deyonta Davis who came out of Tuesday’s game with a left foot injury.

39. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

40. Last Word: The Grizz Are Back, Bass Pro Shops Buys Cabela's and Stein at Amurica -

Some of you will remember the late George Lapides, whom I worked with for a time at WREC, had a policy about pre-season baseball games or what he called the “Grapefruit League.” It was that they didn’t exist. He wouldn’t acknowledge the games much less the scores.

41. Events -

UT Health Science Center and its partners will hold a community event aimed at ending domestic violence Saturday, Oct. 1, from 9 a.m. to 1 p.m. in the UTHSC Student Alumni Center, 800 Madison Ave. “Bridging Troubled Waters, a Community Conversation” will feature a keynote by former Memphis reporter/anchor Dee Griffin, a domestic violence survivor, as well as breakout sessions. Seating is limited; registration encouraged. Visit uthsc.edu/btw or call 901-448-2704.

42. Concerts, Pop-Up Events and Beer Gardens Are Feeding Business at The TapBox -

A traveling beer-mobile with a variety of taps on the side for easy pouring might sound like a dream straight from Homer Simpson’s head, but partners McCauley Williams, J.R. Kingsley and Justin Brooks of The TapBox have turned that dream into a reality, creating several multi-tap refrigerated devices that are popping up at more events across Memphis.

43. Center’s Youth-Police Workshops Hit the Core of Juvenile Justice -

At the Mitchell Community Center, a group of children get handcuffed. The rest of the summer camp students in the room giggle.

"Now, what went wrong this time?" asks LaJereka Hunt, who is dressed as a police officer.

44. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

45. LEDIC Founder Buys Metro 67 Apartments -

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

46. Metro 67 Apartments Bought by LEDIC Founder -

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

47. Last Word: Out of Time, Brian Collins and Fear of Heights & A Different No Gang Zone -

I have a confession. Hillary Clinton is not happy with me.
I’ve seen the signs in recent weeks but didn’t want to accept the truth.
Then Wednesday evening, as I was about to put this column together, I got an email from the former First Lady and Secretary of State and Democratic presidential contender.
The subject line cut to the chase: “We’re running out of time, Bill.”
The message itself, on a backdrop of Blue State blue read:

48. The Week Ahead: Dec. 14, 2015 -

How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from the annual AutoZone shareholder convergence Downtown to the new Star Wars movie...

49. Central Station Design Plans Come Into Clearer Focus -

A six-screen movie theater and nine multistoried apartment buildings with a total of about 200 units are among the updates in the recently submitted plan for the redevelopment of Central Station.

In its application to the Design Review Board, an affiliate board of the Downtown Memphis Commission, developers submitted their $55 million proposal to turn the Downtown train station into a vibrant mixed-use campus.

50. Mixed-Use Midtown Market on Tap for Long-Vacant Corner -

Rumors and speculation have long run rampant about potential development at the southwest corner of Union Avenue and McLean Boulevard, one of Memphis’ busiest intersections.

Some of the speculation involved keeping the eight-story hotel, which was built in the late 1960s, as the central feature of whatever came next. In other scenarios it would be demolished.

51. Grocery, Apartments to Rise at McLean-Union Corner -

Belz Enterprises and Harbour Retail Partners of Marietta, Ga., have a plan to demolish the empty eight-story Artisan Hotel on the southwest corner of Union Avenue and McLean Boulevard.

The project would replace the blighted building with a $43 million mixed-use “Midtown Market” anchored by a “national gourmet grocery store." It also would include 188 apartments: 47 studios; 94 one-bedroom units; and 47 two-bedroom units.

52. New Tax Incentive Aims to Boost Declining Memphis Neighborhoods -

Just north of Interstate 40, the commercially empty gateways to the Frayser neighborhood between North Hollywood Street and North Watkins Street are hardly fit to accommodate the thousands of vehicles that pass by every day.

53. Memphis City Council to Vote on Forrest Statue Removal -

[Update: Adds specifics of City Council's proposal on Nathan Bedford Forrest. The council will vote on the Forrest statue removal today.] With the city budget season done, Memphis City Council members turn their attention Tuesday, July 7, to development in the Pinch district, the statue of Nathan Bedford Forrest and redrawing council district lines.

54. This week in Memphis history: June 19-25 -

1985: The Center City Revenue Finance Corp. takes the first step toward financing a residential development to be called South of Beale, bounded by Fourth and Third streets and Lt. George W. Lee and Linden avenues – the block where FedExForum is now.

55. Speltz’s Design Flair Transforms Downtown Memphis -

Christopher Speltz’s work as an architectural designer for Renaissance Group hinges on transformation. As an illustrator for multifamily spaces 266 Memphis Lofts, Printer's Alley and the Annex Lofts, he's bringing much-needed flair to a stretch of South Front Street.

56. Stones Rock Music City -

Pleased to meet you, hope you guessed our name. Well, hell, Mick, if it’s puzzling you, it’s Nashville. Music City USA.

We’re the national media’s flavor of the day – the “It city,” which has gone from being a secondary concert market – remember The Beatles played Memphis, not Nashville – to one of the country’s prime touring destinations.

57. Building the Bank of the Future -

When Triumph Bank holds the grand opening ceremony June 16 for its sleek, ultramodern-looking branch in Germantown, at 7550 West Farmington Blvd., it will be the culmination of a wholesale shift in the banking industry that Triumph CEO Will Chase has been thinking about for years.

58. Square Roots -

Lucy Woodson and George Saig went to lunch recently in Overton Square.

They chose Babalu, the site where the entertainment district began in 1970 with the opening of the former TGI Friday’s, just months after Memphis voters approved “liquor by the drink.”

59. Density Key to Central Station Timing -

The redevelopment plan for Downtown’s Central Station is the expansion of the South Bluffs development of the 1990s. Or it is a bridge connecting the transformation of the old Cleaborn Homes public housing development to the east and maybe Foote Homes to come.

60. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

61. South Main Property Fetches $1.5 Million -

A mixed-used property in the booming South Main area has traded hands for $1.5 million.

An entity operating as 266 Lofts LLC bought the Class C building at 266 S. Front St. from Southfront Partners, in care of Ted Martin, according to a March 27 warranty deed. Built in 1957, the 33,318-square-foot building is located on the east side of Main between Beale Street and Pontotoc Avenue.

62. South Main Property Fetches $1.5 Million -

A mixed-used property in the booming South Main area has traded hands for $1.5 million.

An entity operating as 266 Lofts LLC bought the Class C building at 266 S. Front St. from Southfront Partners, in care of Ted Martin, according to a March 27 warranty deed.

63. Live Nation Beale Alliance Touted As Concert Comeback -

On the sidewalk in front of the New Daisy Theater on Beale Street are two brass music notes, side by side. One honors the late Mid-South Concerts promoter Bob Kelley and the other honors Mike Glenn, the New Daisy’s long-time operator.

64. Developer Says Now is Time for One Beale -

A favorable lending environment and strong demand for Downtown apartments, hotel rooms and meeting space are providing a window for developers to move forward with a skyline-altering hotel and apartment development overlooking the Mississippi River at the foot of Beale Street, a member of the development team told Downtown officials Tuesday.

65. This week in Memphis history: January 9-15 -

2005: Three development partners were to close on the purchase of the Tennessee Brewery by the end of the month and announced plans to convert the historic building into 35 luxury condominiums and penthouse units with prices starting at $350,000.

66. Hillsboro High Land Sale: New School, Big Profit -

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

67. Rogero Talks ‘Smart Growth,’ Democratic Politics -

Knoxville Mayor Madeline Rogero became the first woman to hold that office when she won the election in 2011.

She’s been actively involved in a number of local issues since her election, from urban-core revitalization and business recruitment to broader social issues such as marriage equality.

68. Steffner Adds SIOR Role to Real Estate Resume -

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

69. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

70. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

71. Greenbrier Files Loan on Cabinet Shop Lofts -

The owner of the recently completed Cabinet Shop lofts at 436 S. Front St. has filed a $2.9 million loan on the property.

72. That’s Entertainment -

It was late in Game 6 of the Grizzlies’ 2013 playoff series with the Los Angeles Clippers. Already, FedExForum was abuzz with anticipation. The hated Clippers were about to go down. Grizz, the team’s chest-thumping mascot, scaled a ladder inside the arena and unfurled a banner:

73. Idea Factories -

Never mind how fully formed or exciting the concept sounds, Michael Overton, partner and creative director at inferno, is probably going to want to see it on the wall.

74. Midtown Medical Office Building Sells for $2.6 Million -

A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.

Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.

75. Campus Connections -

The University of Memphis is in the early stages of updating its campus master plan, and it will seek input from its neighbors as it moves into its next century of higher education.

The U of M has hired the Smith Group JJR of Ann Arbor, Mich., to lead the effort with Memphis-based LRK Inc. serving as the local partner.

76. Building Permit Filed for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Permit Cost: $2.3 million

Project Cost: $3.5 million
Permit Date: Applied August 2013
Completion: Summer 2014
Owner: Wenco Properties LLC
Tenant: Volvo of Memphis
Architect: Fleming Associates Architects PC
Contractor: Grinder, Taber & Grinder
Details: The ownership group of Volvo of Memphis has filed a $2.3 million building permit for the company’s new dealership at 7910 Trinity Road in Cordova.

77. Medlock Takes Talents From Soccer Field to Courtroom -

After graduating from Germantown High School, Steven Medlock left Memphis for the bluegrass of Western Kentucky University.

78. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

79. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

80. James Lee House Bed & Breakfast Granted 10-Year Tax Freeze -

The James Lee House redevelopment is moving along in Victorian Village. 

The Center City Revenue Finance Corp., a board of the Downtown Memphis Commission, approved a 10-year payment-in-lieu-of-taxes (PILOT) agreement for The James Lee House Bed & Breakfast at 690 Adams Ave. at its Tuesday, Jan. 8, meeting. The PILOT benefit over the 10-year term is $309,778.

81. James Lee House B&B Granted 10-Year Tax Freeze -

The James Lee House redevelopment is moving along in Victorian Village.

The Center City Revenue Finance Corp., a board of the Downtown Memphis Commission, approved a 10-year payment-in-lieu-of-taxes (PILOT) agreement for The James Lee House Bed & Breakfast at 690 Adams Ave. at its Tuesday, Jan. 8, meeting. The PILOT benefit over the 10-year term is $309,778.

82. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

83. Rekindling Crosstown -

Video artist Chris Miner says one way to explain the redevelopment of the Sears Crosstown building is likening it to the process of creating art.

“You get into it with a general idea of what you want to do, but then you kind of let it take you wherever you are going to go or wherever the piece wants to go,” he said.

84. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

85. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

86. Downtown Memphis Commission Celebrates Progress -

There was bicycle-powered smoothie preparation, an aerial circus-style art show, Beale Street Flippers, live music outside, a disc jockey inside, and food and drinks from Downtown restaurants and suppliers.

87. Visionary Project -

The reversal of fate for the blighted Chisca Hotel at the intersection of South Main Street and Dr. Martin Luther King Jr. Avenue, plagued by passive out-of-town ownership and environmental hazards, was set in motion during a phone call about 18 months ago.

88. Downtown Apts. Finally Under Way -

After two years and some inevitable development hurdles, Greenbrier Partners LLC’s mixed-use development at 436 S. Front St. is quickly taking shape.

89. Multipurpose Bldg. Planned for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Cost: $4 million

Permit Date: Applied February 2012
Owner: The Soulsville Foundation
Tenant: The Soulsville Foundation
Details: The Soulsville Foundation has filed a $4 million building permit application with the city-county Office of Construction Code Enforcement for a 15,000-square-foot, one-story, multipurpose building at The Soulsville Charter School.

90. 100 Years of Higher Learning -

You can find the origins of the University of Memphis in the 19th century – the 19th Century Club, that is.

It’s because the idea for the institution took root more than 100 years ago among a group of women who were members of the service and philanthropy group that still exists today.

91. Land South of Shelby Forest Sells for $2.3 Million -

Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million

Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

92. $3.1 Million Loan Filed for 60 Madison Garage -

Memphis Center City Revenue Finance Corp. and Madison Garage Partners LP have filed a $3.1 million trust deed through JEK Lending LLC for a parking garage at 60 Madison Ave. The refinancing loan, dated Sept. 30, matures on Sept. 29, 2012.

93. Back into the Fold -

Before there was South Bluffs, there was French Fort.

Before the Hernando DeSoto Bridge was built and city zoning regulations placed more distance between commercial, industrial and residential areas, this neighborhood by the trio of older Mississippi River bridges south of Downtown survived in one of the most historic and isolated parts of the city.

94. Playmakers -

During the day it houses some of the city’s best and brightest bankers and lawyers. But at night, its illumination continues, bearing the message “Go Grizz.” The First Tennessee Bank Building at 165 Madison Ave. is taking advantage of being the city’s sixth-tallest skyscraper to support the Memphis Grizzlies and their playoff run.

95. NHOM Brings Housing Opportunities to Working Poor -

For more than two decades, Neighborhood Housing Opportunities Management Executive Director Howard Eddings and his team have worked to rebuild Memphis neighborhoods most plagued by urban decay, whose broken windows and overgrown lots have become familiar eyesores in the wake of the Great Recession.

96. Dunavant Poised for New Future in Logistics -

After more than four decades in the cotton business, Dunavant Enterprises Inc. has officially shifted gears.

97. Pinnacle Seeks CCDC Funds to Aid Move -

Downtown boosters are still trying to add incentives to the mix to smooth the way for Pinnacle Airlines Corp. to bring its corporate headquarters to Downtown’s One Commerce Square.

98. Greenbrier Gets Loan for Downtown Project -

436 S. Front St.
Memphis, TN 38103
Loan Amount: $2.1 million

Loan Date: Sept. 30, 2010
Maturity Date: n/a
Borrower: Greenbrier Partners LLC
Lender: Southern Bancorp Bank

99. CCRFC OKs Tax Freezes For Two Downtown Projects -

Gene Carlisle appears set to move his company’s corporate office from 100 Peabody Place to a new 16,000-square-foot Class A office space his company is developing out of what was the old One Beale sales center.

100. CCRFC Approves Two Tax Freezes for Downtown Projects -

Gene Carlisle appears set to move his company’s corporate office from 100 Peabody Place to a new 16,000-square-foot Class A office space his company is developing out of what was the old One Beale sales center.