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VOL. 127 | NO. 37 | Thursday, February 23, 2012

Daily Digest

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Athens Wine Distributor Could Grow Warehouse

Athens Distributing Co. could add a 53,700-square-foot warehouse addition to its 905 James St. site. The wine and spirits wholesaler and distributor recently filed a building permit application with the city-county Office of Construction Code Enforcement, listing Linkous Construction Co. Inc. as the contractor.

Athens’ 905 James site already includes a 91,568-square-foot warehouse built in 1973 and improved in 1997. The property also includes a rail spur line.

The buildings are on a 9.4-acre parcel northeast of the corner of James Street and Ryder Avenue roughly bounded by Interstate 240 (Dr. Martin Luther King Jr. Expressway) to the west.

The Shelby County Assessor of Property’s 2011 appraisal is $1.4 million.

Athens began in 1967 and has three market presences: Nashville, Chattanooga and Memphis. The local presence is Athens’ third market and its largest, with 21 counties in its service area, according to the company’s website.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Glankler Brown Names Management Committee

Glankler Brown PLLC has announced the 2012 members of its management committee. They are William Bomar, Charles Hill, Christopher Lamberson, John Houseal Jr., J. William Pierce Jr. and chief manager William Bradley.

The management committee addresses firm matters and advises other members and staff on administrative issues.

Glankler Brown is one of the largest law firms based in Memphis and has attorneys representing clients throughout the U.S. and abroad.

– Andy Meek

Looney Ricks Kiss Wins 3 Nat'l Design Awards

Looney Ricks Kiss, also known as LRK Inc., has received three awards in the 2011 Best in American Living Awards by the National Association of Home Builders.

CA2 (Court Annex Two) received a gold in the Smarter Growth category. Facing Court Square Park in Downtown Memphis, CA2 is a 32,000-square-foot, five-story, mixed-use building with ground floor office and retail and 16 upper-story residences.

CA2 also achieved Leadership in Energy and Environment Design (LEED) NC Gold, making it the first residential building in Memphis with gold certification. The project is fully leased.

The other projects were in Texas. Gables West Avenue in Houston was honored with a gold in the Mixed-Use category. Located in Houston’s River Oaks neighborhood, Gables West Avenue is a seven-story, mixed-use building comprised of 397 luxury rental residences, offices, restaurants and shops. An eight-level parking deck has separate access for residents and retail customers. LRK earned a silver for the Neighborhood Design of The Belmont in Dallas. Five miles northeast of Downtown Dallas, The Belmont has 465 apartments in five buildings. The project recently received LEED Silver certification, making it the first Dallas-area apartment building with that designation.

– Sarah Baker

Social Media Club To Meet Thursday

The Memphis chapter of the Social Media Club will host a meeting Thursday, Feb. 23, from noon to 1 p.m. in the Glankler Brown PLLC conference room, 6000 Poplar Ave., suite 400.

The theme is “Share What You Love,” and everyone is welcome. Bring a lunch; drinks will be donated by Glankler Brown.

Social Media Club’s primary mission is to expand digital media literacy, promote standard technologies, encourage ethical behavior and share best practices. It brings together journalists, publishers, communications professionals, artists, teachers, students and other interested collaborators.

– Sarah Baker

City Council Approves Pink Palace Agreement

Memphis City Council members approved on Tuesday, Feb. 21, the terms of a $20 million multiyear renovation of the Memphis Pink Palace Museum

The contract approved by the council with Memphis Museums Inc., a private nonprofit group, would require MMI to raise $10 million – half of the total – from private sources.

The Pink Palace renovation contract and city matching funding of $10 million met resistance from council member Lee Harris, who wanted as much as $1 million of the money diverted to renovate Victorian Village’s Mallory-Neely House, which is in the process of being renovated.

Mallory-Neely and the Magevney House are also attractions maintained by MMI that have been closed for years.

Harris’ amendment was voted down.

The council approved a contract between the city and Tri-State Youth Baseball Academy Inc. to manage and operate the baseball field at Jesse Turner-Bellevue Park in South Memphis. The council approved the contract earlier this year but reconsidered and added amendments to the contract that require the administration to monitor the effect of use fees Tri-State intends to charge for scheduling games on the diamond. The council also included a study due by May of city attempts to outsource other park services.

And the council approved on the first of three readings an ordinance that appears to be a reincarnation of the one-time-only, 18-cent schools tax hike the council approved last year for the current fiscal year. The council approved it on first reading Tuesday as part of its consent agenda with no discussion. The caption read before the vote included no specific amount.

It was added to the agenda the same day the Wharton administration told council members in committee sessions the city budget is $17 million in the red for the current fiscal year ending June 30, with a shortfall of $47 million projected for the new fiscal year beginning July 1.

– Bill Dries

EdR, UK Approve Phase 1 Housing Plan

EdR – a Memphis-based developer, owner and manager of collegiate housing – has announced the University of Kentucky board has approved a 50-year ground lease allowing EdR to proceed with the university’s on-campus housing revitalization.

In Phase I, EdR will develop, construct and own a 601-bed, $25.8 million freshman honors housing community at Haggin Field that will include classroom and meeting space and will be available for occupancy by fall 2013. The company is anticipating a spring groundbreaking.

Simultaneously, EdR and UK are having formal discussions regarding Phase II, which is anticipated to include an expansion to 9,000 residence hall beds and EdR’s management of UK’s entire housing portfolio of 6,000 beds in the fall of 2013.

EdR has selected Sherman Carter Barnhart of Lexington, Ky., as the architect of record for Phase I. EdR is a self-administered and self-managed real estate investment trust that owns or manages 60 communities in 23 states with more than 34,200 beds within more than 11,100 units.

– Sarah Baker

NBA Cares Selects Special Olympics Athlete

The NBA has selected Tony Payne, an athlete with Special Olympics Greater Memphis, to play alongside NBA and WNBA players and legends in the NBA Cares/Special Olympics Unity Sports Basketball Game Sunday, Feb. 26, during the 2012 NBA All-Star Weekend.

Payne, with the help of Special Olympics Greater Memphis and his cousin, former Memphis Tiger basketball player Elliot Perry, was selected as one of 12 Special Olympics athletes to participate.

– Aisling Maki

Wolf River Conservancy Seeks Volunteers

The Wolf River Conservancy will hold its seventh Tree Planting March 17 from 10 a.m. to 2 p.m. at Shelby Farms Park.

The WRC is recruiting more than 100 volunteers to plant about 2,000 trees, assisting Shelby Farms Park in achieving its goal of planting 1 million trees within the park and surrounding neighborhoods. Volunteers should bring a lunch, drinks, gloves and shovels.

Those who would like to contribute but are unable to volunteer can make a monetary donation to the Wolf River Conservancy for the tree-planting.

Visit www.wolfriver.org to register.

– Taylor Shoptaw

PROPERTY SALES 101 603 9,602
MORTGAGES 92 538 10,616
BUILDING PERMITS 215 1,282 20,958
BANKRUPTCIES 51 408 6,108