dxfret

There are far too many risks for a developer in today’s economy in a very tepid market like Memphis. A new billion $ project will only work in hot markets like Nashville and Austin.

This is welcome news. VUMC badly needs to upgrade and modernize many of its existing facilities, especially the ER/Trauma Center and parts of the adult hospital. I will not miss the Oxford House and also hope the Medical Arts Building is totally renovated or replaced as a part of this project.

BNA has not delayed adding more international gates and facilities. They are under construction right now.

Larger projects like this hotel are still happening in hot markets like Nashville and Austin. The llooming recession, rampant inflation, and high cost of borrowing raise a lot of issues in a tepid market like Memphis. The Hyatt hotel stands the best chance of happening, but may need to be further postponed for a few years. I think the 100 North Main and Pinch district proposals will not happen.

I’m also surprised at the rather hostile tone of a moderator. It’s simply user feedback about repetitive photos material that tend to clutter up this thread. Apparently user feedback isn’t welcomed as I had commented about this earlier this week and my comment, along with another member post, were suddenly removed with no notification, comment or message.

Almost daily pics of the same airplanes are posted. I love airliners, but this is tedious.

I love photos of airplanes, but seeing pretty much the same airlines and same aircraft daily makes this thread very cluttered. I’m interested in new carriers, special or unusual aircraft, etc.

Don’t expect many new airline route announcements until the current terminal construction is completed by Fall 2023. BNA is pretty much maxed out right now but has done a good job handling record setting passenger traffic and operations with some gates and amenities closed or relocated during the construction. The airport’s construction is quite symbolic of the booming development and growth taking place all across Nashville right now.

This is “luxury” housing???

Every single day these same flights arrive and depart BNA.

There are still so few nonstop flights at MEM to many key US cities. Most trips require a connection. Even with a newly renovated concourse, the airport has had stagnant growth for years. It seems MEM is losing many passengers who drive to BNA for the nonstop flights and better airfares.

Caption is Hyatt’s attempt to compete with Marriott Moxy Hotels. Tiny rooms, limited amenities, largely self service with open public areas. Target market is millennials. Not a luxury hotel in any sense.

Cannot imagine how Alex S Palmer must feel when looking at the completed Broadwest site. His many failures in trying to develop West End Summit have to rank as one of the biggest debacles ever in Nashville.

Manhattan views.

The Hotel Pennsylvania has closed and is awaiting demolition for this project, near both Penn Station and Hudson Yards. There are several 1200 ft + supertall skyscrapers under construction in both Manhattan and also in downtown Brooklyn. Also underway is the staggeringly huge new 1388 ft global headquarters of JP Morgan Chase at 270 Park Ave, replacing their former headquarters in the former Union Carbide Building, a 52 story structure which was the largest ever demolition of a skyscraper. The famous NYC skyline has significantly changed in recent years. The Empire State and Chrysler Buildings now have a lot of competition. JP Morgan Chase HQ, 270 Park Ave https://newyorkyimby.com/2022/04/first-official-renderings-revealed-for-jpmorgans-1388-foot-headquarters-at-270-park-avenue-in-midtown-east-manhattan.html

I recall that CB Ragland once had a warehouse and tire company in that area. Perhaps it was their building.

What a missed opportunity given the prime riverfront location. The design is so generic and 24 stories won’t make much of an impact on the skyline.

Interesting new stadium developments moving forward in Buffalo. https://www.nytimes.com/2022/03/28/nyregion/buffalo-bills-stadium-deal.html

Top Golf has been in most major cities for years now. Nashville’s Top Golf opened at least 10 years ago. Looks like this one in East Memphis.

Are there plans to add the Four Seasons logo to the top of this building?

It’s a given there will be many redundancies and First Horizon will see many positions eliminated as is expected with any corporate takeover. I would expect downtown Memphis to see a lot of empty offices and vacant floors at 165 Madison Ave. by later this year. TD Bank is headquartered just outside NYC in New Jersey. They are chartered as a US bank, but owned by Toronto Dominion Bank. In recent years TD have made some regional bank purchases and have operations centers in Orlando, Greenville, SC, Lewiston, ME as well as the New Jersey operations center. TD Bank is a major player in large US cities including New York, Boston, Washington, DC. and Florida.

Without a doubt, downtown Memphis will soon see a lot more empty downtown office space due to the buyout of First Horizon Bank by TD Bank. As with any merger-acquisition, there will be a lot of layoffs. Coupled with the Raymond James-Morgan Keegan empty offices, this could mean severe difficulties for proposed new projects starting.

I totally disagree with this sentiment. It reminds me of visits with my parents and some really old school Nashvillians 60+ years or older who may occasionally gripe about the growth and changes. I don’t think this applies to the Metro council. Nashville has been fortunate to have several very progressive mayors and Metro councils that ok’d big projects. That continues and is simply not going to change. There is little longing for the good old days. Time is marching on. Nashville is on fire, everyone knows it. Seize the day.

Kevin Kane, CEO of Memphis Tourism, clearly deserves much of the blame for years of ongoing failures in promoting the city, tourism and conventions. Kane has been in the same role for nearly 30 years and the organizations he has led have produced few results. Memphis Tourism has an extremely large staff. Kevin Kane was also a principal in downtown and Beale Street businesses that were obvious conflicts of interest. In the current Business Journal article he’s scrambling to try and spin the Loews hotel debacle. Memphis deserves far better leadership. It’s long past time to dump the same crowd of “good ole boys”. It’s quite plausible that Loews Corporation and the Tisch family recognized this and it may be a factor in canceling the planned hotel. Memphis needs new and better leadership.

The question about why large scale, high profile development projects rarely happen in Memphis has not been answered. The Downtown Memphis Commission database is comprised of mostly small projects. Loews Corporation and the Tisch organization have tons of money and are actively investing with large hotel projects now under construction in Arlington, Texas, Miami and Kansas City. They are using the pandemic and market conditions as a reason to opt out of the Memphis market. The question remains WHY?