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VOL. 131 | NO. 34 | Wednesday, February 17, 2016

Pinch District Hotel Close to Reality

By Bill Dries

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A formal agreement for a Pinch District hotel is just about complete. The hotel goes back to the Memphis City Council for approval March 1 and would be at the northeast corner of Jackson Avenue and Front Street.

(Daily News File/Andrew J. Breig)

After six months of negotiations and delays in votes by the Memphis City Council, there is an agreement for the construction of a hotel with retail space across Front Street from The Pyramid.

The council delayed a vote on the development Tuesday, Feb. 16, until the March 1 council meeting.

But the delay to the March 1 council meeting is to formalize a tentative agreement between the developers, Front Street Group LLC, and St. Jude Children’s Research Hospital and the Greater Memphis Chamber.

The development was delayed starting last September because of opposition by the hospital and others as the hospital develops an $8 billion plan for its expansion and further development of the Pinch District.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 20 39 190
BUILDING PERMITS 0 305 3,056
BANKRUPTCIES 17 135 753
BUSINESS LICENSES 0 53 329
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0