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VOL. 125 | NO. 39 | Friday, February 26, 2010

Daily Digest

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Family Dollar Coming To Sycamore View

Marketplace Development LLC has paid $350,000 for a 0.93-acre parcel at 1745 Sycamore View Road near Bartlett, where it will develop a Family Dollar store. The sale closed Monday and the seller was Sycamore View Car Wash Inc., which operated a 4,349-square-foot car wash on the site.

Marketplace Development filed an $888,889 deed of trust and security agreement through Southern Bancorp Bank of West Helena, Ark., in conjunction with the purchase. J. Wise Smith signed the loan as chief manager of Marketplace Development.

The 8,000-square-foot Family Dollar will be built on the southwest corner of Pleasant View and Sycamore View roads. Smith said the location was attractive for the Charlotte, N.C.-based company, which operates 44 stores in Memphis

“It is well-positioned in the targeted market for Family Dollar,” Smith said.

Smith, also the architect of record for the project, said he had selected a contractor but “wasn’t at liberty” to disclose the information.

His company also filed a $438,000 building permit with the city-county Office of Construction Code Enforcement to build the store. Smith said another permit to raze the car wash was slated to be filed Thursday.

Smith, who said he expects to complete the store by June 1, noted that discount retail stores such as this one are thriving in today’s slow economy.

“The opportunity was presented to us and we capitalized on it,” he said.

Source: The Daily News Online & Chandler Reports

Eric Smith

CCC Committee Seeks New President

On tap at today’s Center City Commission board of directors meeting is a likely decision by the board on an executive search firm that will be tasked with finding a replacement for Jeff Sanford, the CCC’s soon-to-be-departing president.

A CCC committee working to find a search firm has settled on recommending HRS of Pittsburgh to the full CCC board, which may make a decision as early as today.

Sanford is retiring from his post effective July 1, and the CCC board’s plan is to reach a decision on a successor sometime in April.

Andy Meek

French Opens Bid For County Sheriff

Reginald French opened his campaign for Shelby County sheriff this week, his second bid for the office in four years.

French was the 2006 Democratic nominee, unsuccessfully challenging Republican incumbent Mark Luttrell.

Four years later, Luttrell is running for county mayor. And each primary for sheriff has several name contenders.

French opened his campaign to a crowd of 100 people at a Wednesday evening reception held at The Four Way Grill in South Memphis.

He promised “a new era of leadership” for the department.

The political ally of former Memphis Mayor Willie Herenton also pledged to be politically independent in his campaign and if elected.

“We simply cannot afford to go back to the old-style ways of ideas of the past and political bosses,” French said. “To prevent crime and make our community safer, we must implement smart, effective policies and address the root causes of criminal activity.”

In the May 4 primary, French will face Randy Wade, the party’s 2002 nominee for sheriff who also lost to Luttrell. Wade is a top aide to U.S. Rep. Steve Cohen, D-Memphis, who will face Herenton in the August Democratic Congressional primary.

And when Wade kicked of his campaign last week, Cohen was by his side plugging Wade’s bid for sheriff.

“That’s a decision they have to make,” French said of the Wade-Cohen tandem campaigning. “If the voters give me an opportunity, I will be an independent candidate as well as an independent sheriff. I don’t have a comment on anyone else’s campaign.”

– Bill Dries

Justice Dept. Settles Housing Discrimination Suit

The U.S. Justice Department has settled its lawsuit alleging that 21 multifamily housing complexes in Tennessee discriminated on the basis of disability.

The suit had been filed against the owners and developers involved in the design and construction of the complexes.

The U.S. District Court in Nashville must approve the settlement.

Under the settlement, Murphy Development LLC and 22 defendants will pay all costs to make the units accessible to persons with disabilities, pay up to $350,000 to individuals affected by the inaccessible housing and pay $75,000 to the United States.

– The Associated Press

TBA Wins Third Award For Pro Bono Campaign

The Tennessee Bar Association’s yearlong Access to Justice 4ALL initiative has received an “Associations Advance America” award from the American Society of Association Executives and the Center for Association Leadership. The 4ALL program was just one of 24 programs selected nationwide for the honor.

The TBA has received two other awards for the initiative, which was originally implemented by TBA immediate-past president George “Buck” Lewis, a shareholder at the Memphis office of Baker, Donelson, Bearman, Caldwell & Berkowitz PC. In July, the TBA won the “Best Statewide Program by an Association” award from the Tennessee Society of Association Executives, and in August again was honored with the American Bar Association’s Young Lawyers Division award for “Best Service to the Public.”

Four Memphis Orgs. Receive Coat Donations

A spirit of generosity pervaded the Downtown office of Thompson & Co. Thursday morning, as Carlyle Trading donated 1,000 brand-new jackets and coats to four Memphis nonprofit agencies.

The coats were divvied up between The Salvation Army, the Memphis Union Mission, Porter-Leath and Wesley Senior Ministries Foundation.

Andy Meek

PROPERTY SALES 62 288 2,619
MORTGAGES 52 197 1,783