Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.5. Hotel Developer Moves On Scimitar Building Conversion - Tuesday, September 1, 2015
179 Madison Ave.
Memphis, TN 38103
Permit Cost: $5.2 million
Permit Date: Applied August 20156. Fieldstone Apartments Files $15M Construction Loan - Saturday, May 2, 2015
Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.7. University of Memphis Foundation Applies for $1 Million Building Permit - Tuesday, April 28, 2015
1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million
Applicant: The University of Memphis Foundation8. Fieldstone Apartments Files $15M Construction Loan - Monday, April 27, 2015
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.
Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.9. Jury Begins Deliberations in Tennessee Armory Shooting Trial - Friday, February 20, 2015
MEMPHIS, Tenn. (AP) – A jury started deliberating Thursday in the federal trial of a Tennessee National Guard recruiter charged with trying to kill four superiors in an armory shooting.10. Spillyards Leads Community Advisors Launch - Wednesday, November 26, 2014
Greg Spillyards has joined the brokerage team at Cushman & Wakefield/Commercial Advisors to launch the firm’s Community Advisors service line.
Community Advisors is focused on the Memphis city core, with a goal to provide real estate advisory services to assist in the revitalization of the city’s underserved areas with passion, creativity and entrepreneurship, and with service to those already living and leading in their neighborhoods.11. Lightman Realty Begins Fieldstone Expansion - Saturday, October 18, 2014
Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.12. Acura of Memphis Owner Buys Dealership, Land - Tuesday, October 14, 2014
2611 Ridgeway Road, 6055-6085 Acura Cove13. Lightman Realty Begins Fieldstone Apartments Expansion - Monday, October 13, 2014
Memphis, TN 38119
Sale Amount: $12.4 million
Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.14. Fed: Memphis Banks Improved in 2013 - Monday, March 3, 2014
Memphis banks ended 2013 in somewhat better shape collectively than they stood at the end of 2012, based on new numbers from the Federal Reserve Bank of St. Louis.15. Ellis Joins State Systems As Sales Executive - Wednesday, February 19, 2014
Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.16. Meadows Appointed to State Dentistry Board - Wednesday, December 4, 2013
Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.17. Fieldstone Apartments Files $9 Million Loan - Tuesday, October 2, 2012
Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has filed a nearly $9 million loan through SunTrust Banks Inc. for land that will become a new apartment phase.18. McDonald’s Buys Lamar Retail Center for $850,000 - Tuesday, August 28, 2012
2342 Lamar Ave.
Memphis, TN 38114
Sale Amount: $850,000
Sale Date: Aug. 17, 201219. Fieldstone Apts. Buys Land for Third Phase - Wednesday, August 22, 2012
Fieldstone Apartments III Co. has paid $1 million for almost 17 acres of vacant land on Tournament Drive in Southeast Memphis for a new apartment phase.20. Magna Bank Taps Stewart To Lead SBA Division - Wednesday, July 25, 2012
Tom Stewart has been named senior vice president and manager of the small business administration division at Magna Bank. Since joining Magna in March, Stewart has led the bank in obtaining national preferred lending provider status. In his new role, Stewart will oversee all business development activities for the Mid-South along with portfolio management and loan servicing.21. Literacy Mid-South’s Dean Appointed to State Coalition - Wednesday, June 27, 2012
Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.22. The Persistence of Memory - Wednesday, July 28, 2010
The Gardens of Germantown, built at a cost of more than $8 million and slated to open Oct. 1, offers unique care concepts for people with Alzheimer’s and other forms of dementia.
The assisted care center at 3179 Professional Plaza Drive has three wings, or neighborhoods, allowing residents to live among others with the same degree of memory loss. Each neighborhood offers posh and secure surroundings with gated gardens outside and saltwater aquariums inside.23. Building Permit Brings Wally Joe Restaurant Closer to Reality - Tuesday, November 3, 2009
690 S. Perkins Road
Memphis, TN 38117
Permit Amount: $800,000
Project Cost: $800,00024. Goodwyn Condos Sold Back to Bank for $4.5M - Tuesday, October 27, 2009
Permit Date: Applied October 2009
Completion: Summer 2010
Owner: Wally Joe Realty LLC
Contractor: Day Construction LLC
Architect: Doug Enoch
The Goodwyn Condominiums at 127 Madison Ave. Downtown has sold back to the lender, First Tennessee Bank NA, following a foreclosure of 21 of the 18-story building’s 24 condo units. First Tennessee paid $4.5 million for the unsold units and neighboring commercial space during an Oct. 21 substitute trustee’s sale on the steps of the Shelby County Courthouse.25. Goodwyn Condos In Foreclosure - Thursday, September 24, 2009
Chalk up another victim to the continuing real estate crisis, this time the Goodwyn Condominiums at 127 Madison Ave.26. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility - Tuesday, August 4, 2009
3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009
27. $8M Loan Filed For Alzheimer’s Facility - Thursday, July 30, 2009
Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.
The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.28. Events - Wednesday, July 8, 2009
The Shelby County Board of Commissioners will hold committee meetings today beginning at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301. 29. Events - Tuesday, July 7, 2009
MPACT Memphis will hold a Community Service Committee meeting today at 6 p.m. at Café Eclectic, 603 N. McLean Blvd. To R.S.V.P., contact Audra Bares or Chad Lopes at email@example.com or 528-8340. 30. Events - Monday, July 6, 2009
The Alzheimer’s Awareness Tour will stop in Memphis for a breakfast event today from 8 a.m. to 10 a.m. at the Embassy Suites Hotel, 1022 S. Shady Grove Road. The breakfast is free and will include information about the latest research and clinical studies. Space is limited. For reservations, call 877-307-8839 or e-mail firstname.lastname@example.org. 31. Events - Tuesday, February 17, 2009
The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Bruce Watts, president and CEO of Fred’s Inc., will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at email@example.com. 32. Loan Filed for Phase Two Of Centennial Gardens Apartments - Tuesday, January 27, 2009
7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million
Loan Date: Jan. 15, 200933. Centennial Gardens Files $11.5M Loan for Phase II - Wednesday, January 21, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank
Lightman Centennial Gardens Co., a division of Michael Lightman Realty Co., on Jan. 15 closed an $11.5 million construction loan with SunTrust Bank for the second phase of the Centennial Gardens apartment complex in Southeast Memphis. The address is 7751 Centennial Drive, west of Hacks Cross Road and south of Winchester Road.34. 62-Bed Alzheimer’s Facility Coming to Germantown - Tuesday, November 4, 2008
3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million
Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects
Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.
Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.
Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.
1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million
Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank
Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.
6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million
Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis
Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.