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VOL. 123 | NO. 156 | Monday, August 11, 2008

Daily Digest

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Counseling Network To Build Frayser Apartments

The Comprehensive Counseling Network (CCN), which runs two counseling centers in Frayser, plans to build 32 apartments on roughly four acres along Whitney Avenue, between Overton Crossing and University Street.

The contractor, Levine & Poor Inc., has been issued building permits by the city-county Department of Construction Code Enforcement for the $1.6 million complex. The addresses listed are 2975, 2985, 2999, 3007 and 3013 Northill Cove, which is a new road on the east side of the acreage.

Operating under its legal name of Frayser-Millington-North Shelby Mental Health Center Inc., CCN also filed a $1.1 million construction loan recently with First Tennessee Bank NA for the property.

CCN runs the Frayser Family Counseling Center at 2150 Whitney Ave. and the Paul Schwartz Center for Children and Families at 2100 Whitney Ave.

The apartments will serve homeless persons with mental disabilities, said Emma Martin, CCN’s development director. The complex is slated to have four buildings with eight studio-style apartment units each plus an office/utility building. Funding for the project comes from a mix of private and public entities.

Site work has begun, with the contractor digging footings on the property, said Ray Boucher, project manager with Levine & Poor. The 10- to 12-month project is slated for completion in 2009.

Source: The Daily News Online & Chandler Reports

Commission, Charter Committee To Discuss Election Results

The Shelby County Board of Commissioners today will meet jointly with the Ad Hoc Committee on Shelby County Charter Amendments and the General Government Committee in county commission chambers of the Shelby County Administration Building, 160 N. Main St.

Members most likely are meeting to discuss the two ordinances that were voted on during Thursday’s election.

Voters rejected ordinance No. 360 and approved ordinance No. 361.

The meeting will begin at 1:30 p.m.

Overton Square Announcement Not Imminent, Developer Says

Developer James Rasberry, who handles leasing at Overton Square, said no announcements are imminent in the coming weeks – and for at least another month – regarding the unnamed large retailer rumored to be eyeing a piece of Overton Square.

Late last week, speculation was rampant that a grocery store was the tenant looking to buy a large tract on the square, though Rasberry said many of the rumors he’s heard over the past few days have been by and large inaccurate.

“I’d say I’m lucky if this deal’s at 60 percent right now,” Rasberry told The Daily News on Thursday. “Whoever it is, once it’s under contract – if it gets under contract – would meet with all the neighborhood groups and make sure everybody’s apprised of what’s going on and try to address any problems they might have. In a best-case scenario, I’d be elated to have a contract in a month from now.”

Katrina Documentary To Air on WKNO

WKNO Channel 10 will air a documentary about the experiences of people who fled from Hurricane Katrina, beginning Aug. 19 at 8 p.m. The documentary will be rebroadcast Aug. 20 at 1 a.m.

The film will focus on the disaster relief offered to Gulf Coast residents who evacuated to the Memphis area and documents United Way’s relief efforts as well as interagency cooperation. The project is a collaborative effort between the Center for Multi-Media Arts (CMA) at the University of Memphis’ FedEx Institute of Technology and United Way of the Mid-South.

Productivity Growth Slowed in Spring

The efficiency of America’s workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers’ compensation growth slowed, too.

The Labor Department reported Friday that productivity – the amount an employee produces for every hour on the job – grew at an annual rate of 2.2 percent during the April-to-June quarter. That was down from a 2.6 percent growth rate logged in the first three months of this year.

Economists were forecasting productivity to pick up slightly to a 2.7 percent pace.

U of M’s Lee To Retire in October

Charles Lee, vice president for business and finance at the University of Memphis, will retire from the university Oct. 1, it was announced late last week. Lee has served in the position for six and a half years.

Under Lee’s leadership, the Division of Business and Finance has received many Quality awards from the U.S. Department of Labor, the Tennessee Center for Performance Excellence and the Greater Memphis Association for Quality.

He provided the plan for financing property acquisitions as part of the university’s master plan.

Prior to his position at the University of Memphis, Lee was an executive with IBM and worked on the Council for the Advancement and Support of Education.

PROPERTY SALES 105 193 8,028
MORTGAGES 120 239 9,024
BUILDING PERMITS 192 445 17,512
BANKRUPTCIES 27 69 5,228