DRG901
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Posts posted by DRG901
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Yeah, from what I've heard part of the issue the Big 12 has is that the school doesn't have its own stadium and wants to see more of an investment going forward and sees an on campus stadium as the biggest sign of that. No way they move downtown. Either that or a big renovation of the Liberty Bowl...wanting to see what the renderings are at least as a start.
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Second phase with 292 apartments and a 420 space parking garage starting soon. From the Daily Memphian
"A commercial construction permit has been filed by developer Billy Orgel for the foundation of a mixed-use building in Uptown, part of the $62 million Snuff District.
The application, totaling around $1.7 million, is for the foundation and site work at the proposed six-story building at 47 Keel.
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Yep. This is incredible news that I was not expecting. I think as MDC said this is going to benefit the whole region. The entire Memphis area and West TN as a whole has needed something like this for a long time if it really wants to grow and compete. Just as all of Middle Tennessee has benefited from the many factories and everything that was built in Spring Hill etc 30 years ago has only helped the whole Nashville area experience incredible growth... I am hopeful for the same here and this will hopefully lead to many more companies that feed into the plants locating here and other companies will give the area a better look than they would have in the past. As far as Downtown Memphis, I don't see how it could hurt it
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Ford, SK Innovation to invest $5.6B in Memphis Regional Megasite
"Ford Motor Company has selected the Memphis Regional Megasite for an electric vehicle and battery manufacturing campus, bringing nearly 6,000 jobs to West Tennessee.
Partnering with a South Korean company, SK Innovation, Ford announced a $5.6 billion investment and 5,800 direct jobs at the Haywood County site, between Memphis and Jackson."
At a press conference Monday, Sept. 27, Gov. Bill Lee said it was “the largest single investment in this state’s history.” Lee, along with executives from Ford and SK Innovation, will be in Memphis Tuesday morning to make the announcement and share more details.
“West Tennessee will lead the future of the automotive industry,” Lee said. “We are excited about what this means for the people of Tennessee.”
The state is providing $500 million in incentives, which state Economic and Community Development Commissioner Bob Rolfe said was an appropriate investment.
Rolfe said the incentives will take the form of grants rather than tax breaks. The state expects the project to contribute $3.5 billion each year to the gross state product, creating 27,000 jobs directly and indirectly, not including construction. Those jobs are expected to bring in more than $1 billion in annual earnings.
“I don’t think in our wildest dreams we could have identified a greater global brand,” Rolfe said.
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25 minutes ago, MDC26 said:
Yes, part was parking, but it was the part closer to the Welcome Center. I'm fine with a park there, I just think it would have made a much better park if they kept the silos and the trees/landscaping. Also would have been able to keep the iconic Memphis signage coming over the bridge. The hotel proposal was the surface parking lot that is below front street, just north of the Mud Island parking garage. However, the mayor said that wouldn't work because that land is part of the civic commons, which is in the Memphis Charter and must stay owned by the city and be used for public purposes.
Gotcha, thanks, sounds familiar now, couldn't remember what happened with the hotel proposal.
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38 minutes ago, MDC26 said:
The city of Memphis bought the property in 2012 from Lonestar for $10 million. They wanted to get rid of any industrial use along the riverfront and use the property for a "park like setting" or green space. To me, I think it looks awful. Just a barren open space that has no purpose and gets no use. When they demolitioned the cement terminal, they should have kept the 4 silos with the iconic Memphis signs. They should have also kept all the trees around the terminal, and they should have never cut down all the trees along the riverfront. Then they could have built a park around that. Having mature trees and a tower would have made it a cool, unique space and a desirable place to visit. But no, Memphis tends to make lots of poor decisions. At least they kept the signs and put them in storage.
The area where the flags are was a surface parking lot for The Pyramid, if I remember correctly. And the area the silos were was just that (an industrial area that did have a cool sign on top, yes). I think it's better as a park/field at the moment but if I recall correctly there was some kind of proposal or idea for a hotel at that area that was a parking lot previously (it's been many years).
EDIT: Actually I may be off if the flags are closer to where the silos were (sorry, I haven't actually been down there recently and have only seen the 9/11 memorial in this photo)
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8 hours ago, Memphis4ever said:
This building is empty due to media releases about the owner not upholding promises to update elevators etc. Downtown Memphis is doing well and adaptive reuse is a very memphis thing its ok.
Yes, I was being sarcastic
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Downtown has billions of dollars of projects going on across the board and thousands of residential units underway (hence what this announcement is) but yes I guess it's struggling mightily. But yes we get it.
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Groundbreaking set for 84-acre mixed-use project in Olive Branch
A groundbreaking has been set for Sept. 15 for the Cascades, the first mixed-use development in Olive Branch.
"It's a [nearly] 100-acre development of residential, retail, apartments, and assisted living," said Shawn Massey of the Shopping Center Group.
Massey said the project is similar to Silo Square in Southaven and the Lake District in Lakeland.
"We're in the very preliminary stages of closing on land, starting the dirt work, and getting that ready and working on selling lots and leasing space and building houses," he said.
The Cascades will be on 84 acres at the southeast quadrant of U.S. Hwy. 78 and Cockrum Road (Hwy. 305). It is near Cardinal Health and FedEx Ground and has access to a population of 32,000 within three miles, according to a brochure.
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Stumbled across this page this morning with all kinds of long term plans for transit oriented developments with lots of mixed use plans/ideas for several areas.
Memphis Transit Oriented Development
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4 hours ago, VSRJ said:
Probably a combination of both. I'm ok with the former. The city's resources are spread too thin. I'd rather it focus on the more densely populated areas, even if that means a "decline" in population.
Regardless of this data, I do think we'll see at least modest population growth in the next 10 years as people begin to take note of Memphis' lower cost of living, especially when compared to to Nashville.
Totally agree. I read recently the de-annexed areas were around 7000 people. Still a little surprised at the total decline number though. But keep building the core, it's been a great 10 years for big projects and thousands of housing units. Seems to not be slowing down, I'd be interested to see the numbers in zip codes in and around downtown/midtown.
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Link Broad Avenue apartments, 370 apartments lining the north side of Broad across from the strip of restaurants/shops.
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8 hours ago, VSRJ said:
Clark Tower has sold - it'll be interesting to see what improvements the new owners have planned:
Clark Tower purchased by local company, Cicada Capital Partners
https://www.bizjournals.com/memphis/news/2021/08/02/clark-tower-purchased-by-local-company.html
I really hope this ties into whatever happens with the Carlisle mixed use at the Racquet Club site. There was talk of making Clark Tower/Brookhaven and everything else on that block into a more walkable and connected area. With new local owners hopefully they are all working something out. Prime opportunity
Sounds like a good sign:
“The proposed renovations and repositioning of Clark Tower will complement the recently completed and proposed new developments in the immediate area, along with the many walkable area restaurants and other amenities,” Soefker said.
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1 hour ago, Memphis4ever said:
Apartments in Uptown by Snuff development, not really sure the name of these... but they are nice.
Where is this exactly?
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Final renderings of the Grand Hyatt, set to break ground early 2022 and complete in 2024
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The Walk on Union to include two Hilton-branded hotels- Tempo by Hilton and Embassy Suites
Tempo is a new hotel concept for Hilton. Fronting Union at the corner of the development’s new street to be called “Fifth,” Tempo will have 166 guest rooms and will be Hilton’s newest “stylish and contemporary lifestyle brand,” the release states. The hotel’s amenities include exercise equipment from Peloton and Precor and a “premium” restaurant and bar with indoor and outdoor seating, the release states.
Embassy Suites will rise at Union and Fourth with 183, two-room suites offering “incredible views of Downtown Memphis,” the release states. The hotel will have the E’terie Bar and Grill and an American-style restaurant called Brickstones.
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On 6/5/2021 at 2:55 PM, DRG901 said:
"A big, mixed-use development – hotel, apartments, office space and parking structure – is proposed for a prominent East Memphis property near the University of Memphis: The southeast corner of Central and Highland.
Called 35 Central, the project would rise on 2.5 acres where Third Church of Christ, Scientist, worshiped for years before selling the property last September."
"Proposed are a seven-story, 115-room hotel nearest the corner of Central and Highland, capped by a rooftop restaurant and bar."
"Immediately east of the hotel, the structure drops to six stories. A podium-style parking garage for 226 spaces will comprise the first two floors, up to 34,000 square feet of private office space and a courtyard are on the third level, and 75 apartments with 90 beds and a fourth-floor pool terrace comprise floors four through six."
Rendering:
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"A big, mixed-use development – hotel, apartments, office space and parking structure – is proposed for a prominent East Memphis property near the University of Memphis: The southeast corner of Central and Highland.
Called 35 Central, the project would rise on 2.5 acres where Third Church of Christ, Scientist, worshiped for years before selling the property last September."
"Proposed are a seven-story, 115-room hotel nearest the corner of Central and Highland, capped by a rooftop restaurant and bar."
"Immediately east of the hotel, the structure drops to six stories. A podium-style parking garage for 226 spaces will comprise the first two floors, up to 34,000 square feet of private office space and a courtyard are on the third level, and 75 apartments with 90 beds and a fourth-floor pool terrace comprise floors four through six."
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On 5/31/2021 at 2:20 PM, James Owen said:
I highlighted the area in which the proposed development would be located. There isn't too much space to work with considering the northern and western sides of the property are bordered by trolley/rail lines, so I would assume whatever gets built on that site would either sit on top of a garage structure or have off-site parking.
There was something on WMC about it last night with a few more details-
$40M development could come to Pinch District in Memphis (wmcactionnews5.com)
"WMC spoke to the principal of Ashaif Enterprises, Nash Hassen, who says he wants to turn the lot into a 15-story mixed-use building with parking underneath.
The building would include a hotel with about 80 to 100 rooms, approximately 30 condos, and a restaurant.
The project carries a $40 million price tag. The project would have a Memphis history concept and perfect view of the Pyramid.
Hassen says plans are still in the early stages and may change based on the design."
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Pinch-area property near Pyramid bought by developer with $40M plan
"A local real estate broker and investor wants to develop a hotel and condos Downtown, on a North Front Street property situated within walking distance of the Pyramid.
On May 11, Ashaif Enterprises purchased the property at 463 N. Front Street on May 11 for $715,000, according to a transaction filed with the Shelby County Register of Deeds; and this week, a demolition permit application was filed for the site. The 6,800-square-foot-building, which sits on a half-acre lot, had last been purchased in 1999, for $200,000.
When MBJ spoke this week with Nash Hassen — principal of Ashaif Enterprises — he said he couldn’t discuss his plans in detail, as he and his team are still working through design plans. But, he did say he’s hoping to create a mixed-use development, with condos and a hotel, and that the estimated cost of the project would be $40 million to $45 million."
From the MBJ:
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What a traffic and logistical nightmare.
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Oh look another chance to make a snide remark about Memphis, like what is filling up every section of this forum. Do you visit often? Have you lived in Memphis? Seems a bit obsessive and really makes things so enjoyable.
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Downtown Memphis News & Developments (CBD, South Main, Riverfront, Medical District, The Edge, Uptown)
in Memphis
Posted
More news on this one and new renderings. Looks good.
$30M South Front mixed-use development approved - Memphis Local, Sports, Business & Food News | Daily Memphian