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VOL. 131 | NO. 204 | Wednesday, October 12, 2016

Daily Digest

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SCS Calls Gestalt Move From N. Memphis ‘Disappointing’

Shelby County Schools officials said in a written statement Tuesday, Oct. 11, they will “explore every possibility” in serving the students of Humes Middle and Klondike Elementary as charter operator Gestalt Community Schools prepares to pull out of the two schools at the end of the current academic year.

Gestalt announced last week that it would cease operations at Humes Preparatory Academy Middle and Klondike Preparatory Academy Elementary – both of which are part of the state-run Achievement School District – because of declining enrollment.

“When charter operators commit to a school and its community, there is an expectation that they will fulfill it,” the SCS statement reads. “So, this is very disappointing.”

Gestalt, which operates other charter schools outside the ASD in Memphis, was chosen by the ASD to operate Humes and Klondike.

The ASD has the option to take over schools in the bottom 5 percent statewide in terms of student achievement.

ASD leaders have said they are considering their options for Klondike and Humes, which could mean selecting another charter operator or deciding to run the schools directly, as it does most of the schools it controls in Frayser.

“The ASD has not stated whether another charter operator would be identified for these schools after this year, nor has it asked us to bring these schools back into the district,” the SCS statement says. “However, we have an obligation to serve all students in Shelby County.”

– Bill Dries

Uptown Flats Sees $9.8M in Construction

Construction continues on the Uptown Flats apartment project backed by Nashville-based Elmington Capital Group.

The contractor, Patton & Taylor Enterprises LLC, filed a $5.2 million building permit for a three-story multifamily building at 626 N. Front St. Patton & Taylor also filed a $4.6 million building permit for new multifamily construction at 661 N. Main St.

In August, Elmington Capital Group applied for a $9.8 million building permit for new construction at 645 N. Main St.

Overall, The Uptown Flats development will bear 155 units at the northwest corner of North Main Street and Saffarans Avenue.

– Madeline Faber

Mallory Alexander Expands in Miami

Mallory Alexander International Logistics of Memphis has opened a new office and warehouse in Miami that includes a Foreign Trade Zone designation, a container freight station, bonded warehouse and In-Bond Export Consolidator warehouse.

Mallory Alexander executives said Tuesday, Oct. 11, the new facility will focus on liquor, consolidated freight, clothing and electronics.

The Miami facility will be managed by Alberto Martino Jr. and Alberto Martino Sr. The senior Martino is the former chief executive officer of Interport Logistics, a freight forwarder.

The new warehouse will be able to store and handle cargo to and from South America, Central American and the Caribbean, as well as global locations for importing and exporting.

The Miami opening is the latest expansion for Mallory Alexander, which this summer opened a new location in the busy Houston port area and also officially opened its Shanghai office.

– Bill Dries

Canada Road Ramp Closing for 3 Months

The eastbound Canada Road ramp onto Interstate 40 in Lakeland will close for three months starting Wednesday, Oct. 12, after the afternoon rush hour.

The ramp will close at around 9 p.m., according to the Tennessee Department of Transportation, which is building a new entrance ramp as part of a $28.2 million new interchange to be completed at the end of May.

The detour for the closing of the east ramp is to head south on Canada Road and east on U.S. 64, then north on state route 385 and take Interstate 40 eastbound. There will be signage marking the detour.

– Bill Dries

Germantown Retail Strip Sells for $1.8 Million

A Germantown shopping strip has sold for $1.8 million in a Sept. 30 warranty deed.

Kneeland Downs Properties LLC, which lists an address in Fort Myers, Florida, purchased the property at 9435 Poplar Ave. from Patton & Taylor Properties, a Memphis-based general partnership,

The 10,080-square-foot Class A shopping strip names Bikes Plus, Green China and State Farm among its tenants. The center was built in 2003 on 1.3 acres on the south side of Poplar southeast of Johnson Road. The Shelby County Assessor of Property’s 2016 appraisal is $1.3 million.

In conjunction with the purchase, the buyer filed a $835,250 trust deed through Paragon Bank that matures Oct. 2, 2036. Rosaria C. Ditter and Richard E. Ditter signed the loan documents as members and co-administrators of the borrower.

– Madeline Faber

Elvis Auction Going Live At Guest House

The latest auction of Elvis Presley-related memorabilia hosted by Graceland went online Tuesday, Oct. 11. And it will move to a live auction setting as one of the first events in the 464-seat theater at the Guest House at Graceland hotel-resort during its opening weekend.

The Oct. 29 auction at Guest House starts at 3 p.m. with viewing of the items at the Guest House the day before and the day of the auction.

The public can attend along with bidders on a first-come, first-served basis.

The auction items include items from Sun Records as well as Presley’s ex-wife and daughter.

Among the items are an “Aqua Blue Vine” jumpsuit Presley wore on stage in 1973 and 1974; a collection of Sun Records artifacts from Presley as well as Jerry Lee Lewis, Carl Perkins and Roy Orbison – The Million Dollar Quartet; the 1954 record stampers for the Sun Records singles “That’s All Right” and its flip side, “Blue Moon of Kentucky”; three checks drawn on Sun Record Co. to Presley, Scotty Moore and Bill Black, paying them for a November 1954 recording session; and a 10-carat diamond Bulgari engagement ring given to Lisa Marie Presley by actor Nicolas Cage.

The online and in-person auction includes four pieces of jewelry once owned by Presley’s ex-wife, Priscilla Presley, with a portion of the proceeds from that sale going to the Elvis Presley Charitable Foundation, which makes donations to Memphis-based charitable organizations.

Participants in the Graceland Auctions events can also contribute to the foundation.

As with past auctions hosted online and in person by Graceland, none of the items in the latest auction are from the Graceland Archives. They are all owned by third-party collectors and are each authenticated by Graceland Authenticated LLC. The archives are owned by Lisa Marie Presley, the entertainer’s daughter, and are not for sale.

– Bill Dries

Hotel Developer Closes On MCA Grad School

A California-based investor has closed on his purchase of the former Memphis College of Art graduate school at 477 S. Main St.

As The Daily News previously reported, Wessman Holdings LLC plans to turn the former Nesin Graduate School into an Arrive hotel.

This will be the fourth location for the boutique hotel brand. (For more details, see The Daily News’ Oct. 6 edition at memphisdailynews.com.)

The 48,000-square-foot building went for $2.5 million in an Oct. 6 warranty deed. Memphis College of Art purchased the building in 2010 for $400,000.

– Madeline Faber

Mattress Firm Collecting Shoes for Youth Villages

Mattress Firm’s 22 Memphis locations are hosting a shoe drive through Oct. 30 to help local foster youth and families.

New shoes and monetary donations will be collected during normal business hours, with all proceeds going to Youth Villages, one of the national retailer’s local nonprofit partners.

The donation drive is the fifth through Mattress Firm Foster Kids’ initiative, which collects items and raises funds for community organizations. The next one is a Secret Santa Toy Drive that runs Nov. 1 through Dec. 18.

Visit mattressfirm.com for a list of store locations and hours, and visit mattressfirmfosterkids.org for details on other ways to get involved.

– Daily News staff

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