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VOL. 132 | NO. 170 | Monday, August 28, 2017




Pottery Studio/Coffee House to Open on Highland Strip

By Patrick Lantrip

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549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

Tenant: Belltower Artisans

Landlord: Loeb Properties Inc.

Landlord’s Agent: Aaron Petree

Details: Belltower Artisans, a pottery studio and coffee shop founded in 2016 by college students Micah Dempsey and Christopher Galbreath, has inked a deal to move into a 2,788-square-foot space in the Highland Strip.

Aaron Petree represented landlord Loeb Properties Inc. in the deal.

Belltower Artisans offers a full range of pottery classes, from “Date Night” classes to multi-week beginner, intermediate and advanced level courses.

Dempsey and Galbreath first met in art class while attending Harding Academy, where they were studying pottery making. Eventually the pair opened their first location in Minglewood Hall, before deciding to relocate to the Highland Strip to be nearer to the University of Memphis.

The new location will serve as a wholesale production facility for several local businesses and will include a retail/gallery space. Meanwhile, the coffee house portion of the venue will host live events, gatherings and will serve light snacks and locally sourced coffee.

Construction is expected to begin soon and wrap up before the end of the year.

2491 Winchester Road
Memphis, TN 38116

Permit Amount: $100 million

Project Cost: $214 million

Completion: 2021

Owner: Memphis-Shelby County Airport Authority

Tenant: Memphis-Shelby County Airport Authority

Architect: UrbanArch

Details: With its massive $214 million overhaul currently underway, the Memphis-Shelby County Airport Authority has filed a $100 million building permit application with construction code officials.

A spokesperson with Memphis International Airport said the project’s architects, UrbanArch, filed the permit, which simply cites alterations and additions. Code inspection officials will have to examine the plans.

In April, the airport announced the updated $214 million, multiyear plan to completely overhaul its B Concourse, where almost all of the airport’s operations will be consolidated upon completion. Some of the concourse modernization plans include higher ceilings, increased natural light, wider corridors, larger gate areas, additional seating, moving walkways, charging stations, a stage for live music and additional lounge areas, including a children’s play area.

Most recently, MSCAA approved more than $50 million worth of construction contracts related to the overhaul on Aug. 17.

Among them were Chris Woods Construction Co.’s $25.6 million contract to build a CONRAC maintenance facility, Chris-Hill Construction Co.’s $22.7 million to construct two airport taxiway bridges, and A&B Construction Co.’s $1.56 million contract for restroom and apron-level improvements on Concourse A.

Construction on the overall project is expected to wrap up in early 2021.

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $3.5 million

Project Cost: $25 million

Completion: Late 2017

Owner: Seritage Growth Partners

Tenant: L.A. Fitness

Architect: Studio 222 Architects

Engineer: James F. Turner Engineers

Details: L.A. Fitness has filed a $3.5 million building permit application to begin interior buildout work at its new East Memphis gym, located at 4572 Poplar Ave. in Poplar Commons.

Seritage Growth Partners is listed as the owner on the permit application, while James F. Turner Engineers and Studio 222 Architects were listed as the engineer and architect, respectively.

Seritage’s $25 million Poplar Commons center, which is going up on the former Sears site across from Oak Court Mall, will be anchored by the city’s first Nordstrom Rack.

Following Sears’ closure in April 2016, Seritage razed the store and auto center on a nearby outparcel and began construction on the five new buildings that will become Poplar Commons.

In June, cosmetics retailer Ulta Beauty sought a $450,000 permit to work on the interior of its future location inside the same center.

In May, Seritage estimated that Poplar Commons would reach “substantial completion” in the third quarter.

4770 Malone Road
Memphis, TN 38118

Lease Size: 45,000 square feet

Tenant: CE North America

Tenant’s Agent: Hank Martin, NAI Saig Co.

Landlord: DP 73 LLC

Landlord’s Agent: Tim Mashburn, Collier International

Details: CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.

Located at 4770 Malone Road, the 74,736-square-foot warehouse was built in 1994 and appraised this year for $1.5 million by the Shelby County Assessor of Property.

5958 Hickory Hill Square
Memphis, TN 38115

Permit Amount: $6.9 million

Owner: Emerald Properties LLC

Contractor: Crane Contractors LLC

Details: The Emerald Park Apartments in Southeast Memphis are undergoing nearly $7 million in renovations.

Crane Contractors LLC is handling a $6.9 million “general repair” of the property at 5958 Hickory Hill Square, according to a building permit application filed with the Office of Construction Code Enforcement.

The 15-acre apartment complex is owned by Emerald Properties LLC, according to the Shelby County Assessor of Property.

The townhome-style apartment complex was built in 1974 and was last appraised for $2.2 million.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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