» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 117 | NO. 143 | Tuesday, August 12, 2003

Print | Front Page | Email this story | Comments ()
Last of the largest Cordova retail centers readying

Large center rounds out Germantown corridor

By ANDREW BELL

The Daily News

A $2.1 million, 62,000-square-foot shopping center is under construction on what one contractor described as one of the last large tracts of available commercial property on North Germantown Parkway in Cordova.

About two weeks ago, a new Chilis restaurant opened for business at the front of the property, located at the intersection of Cordova Road and Germantown Parkway.

It remains to be seen exactly how many and what types of retail businesses will commit to open in the new center.

Brett Grinder, vice president of Grinder, Taber and Grinder Inc., said work on the retail center situated on about 8 acres should be completed by mid-October.

Construction began in May.

Grinder said higher-than-average construction costs might distinguish the structure from the numerous other retail centers located along Germantown Parkway between Walnut Grove Road and U.S. Highway 64 including neighboring Parkway Plaza at Cordova, which houses, among other businesses, a Schnucks grocery store.

Its a little higher-end than your typical retail centers, Grinder said. There are a good deal of power elements, with some high-end back lighting inside the towers and a metal roof on the towers.

He said the centers facade will be taller than the typical shopping center in the vicinity.

Grinder, Taber and Grinder also built the 15,000-square-foot Federal Express Credit Union building located directly behind the unfinished shopping center at 8115 Country Village Drive.

It opened in winter 2002.

Grinder said businesses have expressed significant interest in renting bay space in the center.

There seems to be a lot of activity for this, he said. I know (developers) are working with a handful of tenants.

Attempts to reach developer Ford-Lurie Commercial Realty were unsuccessful by press time.

Grinder said the building was designed to accommodate either large bays for a few tenants or small bays for several tenants.

It could certainly take a large retailer who wanted 20,000 square feet of space, he said. The infrastructure was designed in such a way that its flexible enough to handle either few or many.

Grinder said the site is the largest remaining tract of land available for commercial use in the area.

There may be a few outparcels in the area, but this is one of the final empty parcels left, he said.

 

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
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

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.