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VOL. 130 | NO. 229 | Tuesday, November 24, 2015

Daily Digest

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Crosstown Counts 1,000 Window Sections

Nine months into the renovation and redevelopment of the Sears Crosstown building, construction crews have installed 1,000 of Crosstown Concourse’s total 3,200 window sections.

The windows look like the windows they replaced in order for the project to qualify for $35 million in historic credits, which are a key part of the project’s complex financing structure.

Recreating the old windows was a major concern of developers at the outset because of their uniqueness. Window glass also makes up 65 percent of the exterior.

The aluminum-frame prototype was created by Quaker Window Products of Freeburg, Missouri.

Visit vimeo.com/146346819 to view a video of the construction update.

– Bill Dries

Delinquent Property Tax Sales Move Online

The quarterly tax sale of delinquent properties now has an online home. Beginning with the Jan. 19 sale, people will be able to bid from their computer instead of trekking to the Shelby County Administration Building. The tax sale software will be the first of its kind for the state of Tennessee.

“Having the tax sale online makes the process more efficient and streamlined,” said Shelby County Trustee David Lenoir. “Not only is it convenient, it broadens the pool of prospective bidders, potentially increasing revenue for the county.”

On Dec. 3, the Shelby County Trustee’s Office will host the Shelby County Real Estate Road Show to explain the online tax sale and land bank processes. The event is free and will be held at 9 a.m. at the Memphis Area Association of Realtors office, 6393 Poplar Ave. Register at rersmemphis.eventbrite.com.

About 2,000 residential and commercial properties are sent to tax sale each year and 500 are expected to go up for bid in January.

– Madeline Faber

Fino’s East Memphis Opening Next Week

A highly anticipated restaurant addition to Brookhaven Circle is opening its doors next week.

The Fino’s East Memphis location is opening to the public Dec. 4. Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave., told The Daily News in August that he bought the Midtown Fino’s with the intent to one day have a spot in East Memphis, as well.

His new location, at 703 W. Brookhaven Circle, is in a prime spot for restaurants, situated between Brookhaven Pub & Grill and Hog & Hominy.

– Andy Meek

Southwind Hotel Sells for $7.1M

The Four Points by Sheraton hotel in Southwind has sold for $7.1 million, according to a Nov. 20 warranty deed.

Nexus Paartnership (sic) sold the four-story hotel in southeast Memphis, at 4090 Stansell Court, to Southwind Lodging LLC.

According to the Shelby County Assessor of Property, the 59,228-square-foot hotel was built in 2008 and is appraised at $2.6 million.

In conjunction with the sale, Southwind Lodging LLC filed a $6.7 million mortgage with First Capital Bank. The loan is set to mature Nov. 19, 2020.

– Madeline Faber

Bikesmith Bike Shop To Hold Grand Opening Dec. 6

The new Bikesmith bike shop at 509 N. Hollywood is holding its grand opening Dec. 6.

The event will include food, beer and a raffle giveaway for a child’s bike.

The Bikesmith started as a full-service mobile bike repair shop, but over the last year owner Jim Steffen says his business grew so much he decided he needed a brick-and-mortar location. He is opening the new shop in a converted automotive garage.

Bikesmith doesn’t just sell bikes. It also will sell beer and has a custom bar in front of the mechanics workbenches. On top of that, the bike shop has an expansive patio and greenspace in the back.

The Bikesmith carries bikes for children and adults, and the business also delivers.

– Andy Meek

Memphis Solid Waste Pick-Up Comes Early This Week

Memphis residents who normally get their solid waste picked up by city’s Solid Waste Management crews on Wednesdays and Thursdays will instead get an early pickup on Tuesday, Nov. 24, because of the Thanksgiving holiday.

The Friday solid waste collections also are moved to Wednesday, Nov. 25.

The early pick-ups mean little or no collection of yard debris and excess trash outside of solid waste containers.

Those city residents served by Inland Waste Solutions on Tuesday and Wednesday are not affected by the schedule change. But Inland Waste customers whose collection day is Thursday will see a pick-up on Friday instead. Those with a Friday pick-up will be serviced Saturday.

– Bill Dries

PROPERTY SALES 0 224 3,301
MORTGAGES 0 140 2,240