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VOL. 110 | NO. 129 | Tuesday, July 2, 1996

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By CAMILLE H. GAMBLE Wolfchase outparcel started, Best Buy under construction By CAMILLE H. GAMBLE The Daily News Construction has started on Bed, Bath & Beyond, a store being built on an outparcel of the Wolfchase Galleria Mall by Urban Retail Properties, and a Best Buy store being built on Germantown Parkway on property owned by Trezevant Realty. Bed, Bath & Beyond is one of only two outparcel projects currently under construction at the new mall. Vratsinas Construction of Little Rock, Ark., is the general contractor on the project. J. Alexanders, a Nashville-based restaurant chain, started construction on its 8,000-square-foot outparcel store last month. Outparcel projects that are still in the planning stages or seeking approval from the City Council and County Commission include First Tennessee Bank, Logans Road House restaurant and Barnes & Noble book store. Kim Cherry with First Tennessee said the deal has not been signed yet for a First Tennessee branch to be built on an outparcel, but it is expected to be closed "any day." The outparcel stores are planned to open Feb. 26 with the mall. Tom Howes of Urban Retail Properties said there is still one outparcel available for development on Germantown Parkway and several available on Stage Road. Construction is expected to begin in September on a 7,800-square-foot Logans Road House Restaurant, according to Logans marketing director Pam Parker. Currently, the closest Logans Restaurant is in Jackson, Tenn. There are five in Middle Tennessee, and one in Chattanooga and Johnson City, in addition to others in the southeastern United States. On property across the street from Wolfchase owned by Trezevant Realty, construction has begun on a Best Buy store. Rawlins Construction Inc. of Dallas is the general contractor on the 45,000-square-foot project at 2755 Germantown Parkway. The value of the project is $1.85 million, according to a building permit filed in the Shelby County Construction Code Enforcement Office. Best Buy Co. Inc., based in Eden Prairie, Min., is a specialty retailer that sells four major product categories personal computers and home office supplies, major appliances, consumer electronics and entertainment software, which includes CDs, movies and computer software. The Memphis store is the first one to be built in Tennessee. The company has 259 stores in 31 states. The store is expected to be open prior to Thanksgiving weekend, said Best Buy media relations director Laurie Bauer. "As part of our long-term expansion, we are hoping to be in every major (U.S.) city," Bauer said. "We are slowly moving from the central Midwest where weve always been. We did jump some states we went to Los Angeles and also to Washington D.C. and the Carolinas last year so we kind of missed Memphis. Now we are coming back and filling in the major cities."
PROPERTY SALES 101 603 9,602
MORTGAGES 92 538 10,616
BUILDING PERMITS 215 1,282 20,958
BANKRUPTCIES 51 408 6,108