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VOL. 113 | NO. 147 | Tuesday, August 3, 1999

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Real Review 8-02-99 Smith-Doyle Contractors Inc. is planning a move from its long-time location near the Memphis airport to new quarters in Cordova. The company is about to start construction of a new 8,000-square-foot office building at 1635 Wynne Road in the Goodlett Farms Planned Development. The company is building the facility for its own use and will move to the new location from its current location at 3855 Watman Ave., said Don Abernathy, project manager for Smith Doyle. The need for additional room for employees and more land for future expansion prompted Smith-Doyles move, Abernathy said. The company recently purchased the 1.5-acre site from the developers of Goodlett Farms. "Weve grown pretty rapidly. We have people using conference rooms for offices right now," he said. "Its a necessity, but its also allowing us to get into a much nicer neighborhood." The company currently has about 15 employees who work full-time in the office. The company plans to sell its existing building once the new office is completed, which is expected to be in January, Abernathy said. The property will be listed with Memphis real estate brokerage firm McKee and McFarland. The new location, designed by Memphis architecture firm Beavers, Smith, Langford & Munninger, will have a brick veneer exterior, Abernathy said. The value of the project is $684,000, according to a building permit issued by Shelby County Code Enforcement. Smith-Doyle, headed by president Wayne Smith and vice president Lynn Doyle, has been in business since the early 1980s. The company is a full-service general contractor. Projects recently completed, under construction or about to begin include a truck terminal in Olive Branch, Miss., for USF Holland; a juvenile detention center in Fayetteville, Ark.; and expansion of First Evangelical Church in Memphis. Construction is underway on a Memphis first Costco wholesale warehouse on 14 acres at 3775 Hacks Cross Road. The 150,000-square-foot, membership-type retail center, which will carry products such as office supplies, computers, electronics, jewelry, cosmetics, home accessories, appliances, lawn and garden tools, sporting goods and toys, also will be the first Costco in Tennessee. A building permit valued at $6.3 million has been issued to Rentenbach Constructors Inc. for construction of the facility, according to Shelby County Code Enforcement records. Construction is about to start on a six-story office building with an underground parking garage at 1100 Ridgeway Loop Road for Mk-B LLC, an entity of Boyle Investment Co. A building permit valued at $10.5 million has been issued to Mid-America Construction Co. for construction of the 181,567-square-foot building, according to Shelby County Code Enforcement. WN Kirby-Whitten LLC, a Tennessee limited liability company, financed $2.7 million through SouthTrust Bank, securing the loan with 1.9 acres on Macon Road and Kirby Parkway, according to a trust deed filed Friday in the Shelby County Registers Office. Robert C. Bates financed $1.2 million through Community Bank of DeSoto County, securing the loan with part of the Winchester Manor Apartments property at Winchester Road and Airways Boulevard, according to a trust deed filed Thursday in the Shelby County Registers Office. Memphis architecture firm Looney Ricks Kiss has been commissioned by Pennsylvania-based The Hankin Group to design an upscale boutique hotel in an 800-acre, mixed-use "New Urban" development called Eagleview in Exton, Penn., near Philadelphia. The proposed four- to five-story Inn at Eagle View will contain 60 guestrooms, a 110-seat full-service restaurant, two boardrooms and meeting room space, as well as a business center and fitness facility. Construction of the hotel project is scheduled to begin during the first quarter of 2000, with completion expected during the second quarter of 2001, according to Looney Ricks Kiss.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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