JTM1
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Posts posted by JTM1
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On 3/27/2024 at 3:39 PM, MDC26 said:
That's great. Will be right next to the Memphis Music Hall of Fame, and will be more visible than over at the FEF. I wonder what the Grizzlies/FEF will do with the space they vacate.
John Doyle stressed being out of their present location as early as 2026, no later than 2027. The lease at FEF isn't up until 2029. I believe we're going to see some renderings for FEF real soon.
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On 3/27/2024 at 2:17 PM, MDC26 said:
I'll partially disagree. I agree that storage facility isn't the best use for the area. However, its an empty warehouse with no other realistic prospects that has sat empty for many years. It's not the nice pre-WWII warehouse that is brick and can be converted to residential. There's not a lot it can be used for, and storage would be the easiest. I definitely don't want it storage for a long-term use. Tearing it down to build a storage facility, or building a storage facility on an empty lot would be a definite no to me, but they aren't really changing anything except the inside. So, I'm ok with it, if it can change to something for a better use when someone is willing to do that.
My original idea for the area was to keep the office portion, tear down the warehouse and build a Top Golf. The next best use would be a soccer stadium. Maybe the office portion could be incorporated into the stadium design.
I actually had a chance to look around the office building and the warehouse and converting the warehouse into a self storage would be a disservice to it and the surrounding area. There is so much protentional in that property and with its location, it would be an ideal destination and anchor.
I wish the DMC and the MMDC take ownership of it and then issue a RFP, because it's has the potential to be another Crosstown Concourse, Pyramid, Metal Museum, type development.
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3 hours ago, Memphisborn said:
This has to be stopped. It makes absolutely no sense to use the warehouse as a storage facility. A citizen petition has to be started and presented to All parties Global storage, City Council. and county commissioners. As well as edge district board
I agree with you.
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The Memphis Rock ’n’ Soul Museum and the Memphis Music Hall of Fame have purchased the former Hard Rock Cafe at 126 Beale Street for $5 million. It will be the new home of the Memphis Rock ’n’ Soul Museum. And much more.
Priscilla Presley, a strong supporter of the Memphis Rock ’n’ Soul Museum as well as the Memphis Music Hall of Fame and Beale Street, will host a press conference and then christen the building at 2 p.m. March 28th.
That’s when Doyle says they will tell the full story “about the impact that we look forward to making for students and musicians, and working with Beale Street.”
I think this is good for Beale Street. I must admit that my curiosity has increased as to what Jason Wexler and the Grizzlies have planned in the redesign of the area around FedEx Forum.
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On 2/23/2024 at 10:12 AM, MDC26 said:
American Queen Voyages is shutting down. They are filing for bankruptcy and looking for a buyer. I don't remember how many passengers they bring to Memphis, but it will be a hit as its not insignificant. Hopefully a new operator gets them back up and running.
https://www.travelandleisure.com/river-cruise-line-american-queen-voyages-shuts-down-8597898
Viking and the other American still has ships docking. I am sure the pandemic and the low river contributed to the problems this company faced, but mismanagement was the key issue that drove this company out of business.
I read that one of the AQV ships is still registered with a Memphis address. I wish someone local would buy their fleet. Then Memphis Tourism can promote their ships as hotel rooms for large conventions.
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On 2/18/2024 at 2:07 PM, Memphisborn said:
Definitely mixed use, we should email if you haven’t the medical center collaborative group about advocating against a proposal like this. It’s senseless and certainly not the highest and best use of this property CA has so much potential to add to Beale st/ edge district it should never be storage space that’s a ridiculous plan and waste of building
I spoke to a business owner about this and she was confused. They want to sell the property, but also turn a part into a storage facility. I really hope a local buy it, because what they're suggesting isn't a good option.
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On 2/2/2024 at 2:58 PM, Memphisborn said:
Wouldn’t mind seeing a Hilton Conrad as the next brand. They have very nice and luxurious brands. Would definitely make a great convention hotel
Hilton Conrad or JW Marriott. I am sure the city will be soliciting someone that is convention oriented.
On 2/12/2024 at 7:36 PM, TheKernel91 said:No no no. We need a pause on storage faculties in Memphis. I really want the owners to think outside of the box for this property.
The owner of this property doesn’t live in Memphis or Tennessee, and I hate that Gannett sold it to them. Converting this property into a storage facility is a terrible idea and it does not align with the Memphis 3.0 plan. That is why this should be voted down and I don't see this moving forward.
Being that close to Southwest Community College, with Beale St on the South side is how it should be envisioned and marketed. Beale St, from Southwest CC to Riverside Dr, should be walkable. This CA property should be a mixed-use development with housing, office, institutional, commercial/retail, lodging, performance, and gallery/exhibition space.
Now, I question the accuracy of the article, about one half of this property, being under contract a few months back.
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23 hours ago, James Owen said:
The owners of the Sheraton next to the Renasant Convention Center have placed the property up for sale.
Sheraton Memphis Downtown, largest hotel in Memphis, is now listed for sale
By Stephen MacLeod, Memphis Business Journal
Whomever assumes ownership of the hotel will hopefully carry out the plans to renovate it completely.
Good news! Getting this deadbeat owner out Memphis is a plus, because the owner of the Sheraton was never fully invested in Memphis. I am sure the new owner will rebrand the hotel and make all needed improvements.
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Last night, at the Grizzlies game, I learned that Charlotte is spending $215 million to makeover the Spectrum Center. I have been in that arena several times, and in my opinion, it’s not quite as nice as FedEx Forum. This includes adding 2500 lower-level seats. In addition to the remake of the Spectrum Center, they are building a $60 million practice facility for the Hornets. The Grizzlies price tag is $550 million. I am anxious to see the Grizzlies’ renderings now.
Here is another article about Spectrum Center.
https://www.charlotteobserver.com/sports/article284069338.html
One of the things Mayor Young stressed when campaigning was the importance of sports in this city and that it would be one of his priorities. Now that the Liberty Bowl has been transferred, to the UofM, I expect we will learn more about the Grizzlies plans in the coming days.
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On 1/8/2024 at 11:20 AM, MDC26 said:
Clippers' Intuit Dome
The Pacers didn't completely gut their seating. They did remove some boxes, and changed them around to other premium seating, amongst other things. They also tore down a parking garage in front of the arena, and are putting in a plaza.
https://www.sportsbusinessjournal.com/Journal/Issues/2022/10/17/In-Depth/Gainbridge-Fieldhouse.aspx
$550 million is a lot, and it very well could include something outside of the arena on an adjacent lot.
I love this design. Thank you for posting this rendering. I found a video of the Clippers arena, but it was more like a commercial.
I am excited to see what they have planned and I hope they give us some idea of their plans soon. I was at FedEx Forum last night and I still don't see where they plan to spend $550 million in the bowl of the arena. I also noticed the 901FC owners have gone quiet and are stacking their roster too.
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21 hours ago, James Owen said:
The senior living development - known as HarborChase of Germantown (despite the fact it's in the Memphis city limits) - is already completed, so I'm not sure why it's still listed there.
I think we're all curious to see what the two mixed-use developments will look like, and hopefully the hotel components will compliment the Hilton and Marriott hotels that are already there as opposed to being another run-of-the-mill, limited-service hotel like the ones we already have.
I suspect we'll know more about the redevelopment plans for Oak Court Mall and the former Racquet Club property in short order in the coming months as the area has the potential to be like Green Hills in Nashville if done properly.
I am definitely curious.
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22 hours ago, TheKernel91 said:
Are there any renderings of this work? I actually posted something last year I believe, about this area of Poplar having infill to grow more with those surface lots and limited land avaliable. Amazing.
Poplar Corridor Developments in progress
• Oak Court Mall being bought, more likely to get redevelopment.
• MidCity Development at the old Racquet Club site with a couple of midrises possible.
• The TIF planned in this article.
• The Carrefour at Germantown development.
There's also Perkin Flats that's about to start construction behind Soul Fish on Poplar. 5 story apartment building
I haven't seen any renderings, but the Daily Memphian posted an image of the parcels.
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On 1/4/2024 at 8:11 AM, MDC26 said:
The Clippers will open their new arena next season at a price tag of $2 Billion. From what I've read, they plan to gut the interior of FEF and complete reconfigure the seating. Not sure what else is planned.
Isn't that what the Pacers are doing with their arena and it's like a $350 price tag? I haven't seen the renderings for the Clippers arena, but I will have to check those out. Next time I am in LA, I am going to go and look at what they're building.
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On 1/4/2024 at 7:26 AM, Memphisborn said:
Hopefully that type of investment would include a Hotel as well as other facilities. The vacant lot where the clipper was planned is also a location where development for the Grizzlies could happen
I agree. I expect we will be hearing something more detailed about this real soon.
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22 hours ago, Memphis4ever said:
I mean at $550 million im already assuming they are going to build a new arena. That is just a ridiculous cost for a renovation.
You would think that would be the case. I was there last night, and will be there again tonight, and I don't see $550 million worth of work needed doing.
I was told they're not just focusing on the inside of the arena, but the area surrounding the arena too. I'm sure there will be upgrades or maybe a new practice facility included in this too. My wife believes some of the private investment that's waiting for this deal to finalize will include a hotel attached to FedEx Forum.
I am going to ask Kleiman or Wexler if I see them tonight about what the remodel will look like.
7 hours ago, MDC26 said:I think the biggest issue was, when they built the arena, they did not put in enough lower level seating. Those are the premium seats, and they do not have enough. I think the are wanting to completely reconfigure the seating arrangement to increase lower level seating, and decrease upper level seating, which would help increase revenue, and would also increase chances of hosting NBA All-Star game, as Memphis is only one of 4 cities to never host.
But is that $550 million and would this also add more suites?
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On 12/29/2023 at 10:31 PM, Memphisborn said:
What can help move this is if 901fc leadership can partner to build soccer specific stadium on approx 8-10 acres of the land. That would increase the revenue producing foot traffic/ parking sales tax etc to help jumpstart groundbreaking. Of course that’s going to require 901 fc going back to state for funds. That’s my view
According to Richard Smith, the renovation of FedEx Forum has caused a delay in a lot of what's happening downtown. The cost of what the Grizzlies want to do is $550 million and what that lady told me is making sense now. I also expect the soccer stadium to get its funding too.
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Five years after getting $91.2 million in financing, the project to upgrade the Poplar Avenue corridor is being launched.
The first phase of the project is a facelift along Ridgeway Road and Shady Grove Road between Park Place Centre and Briarcrest...
I thought this was interesting in the article.
The TIF district encompasses the Poplar corridor from I-240 to Kirby Parkway. The association has several projects planned for the area:
- A mixed-use development consisting of office, retail and hotel on Briarcrest Avenue;
- An office development on International Place;
- An office development at 860 Ridge Lake Blvd;
- A senior living apartment development at 6300 Briarcrest Ave.;
- And a mixed-use development consisting of office, retail and hotel space at 5900 Poplar Ave.
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On 12/13/2023 at 10:10 PM, MDC26 said:
And maybe tracks for light rail to West Memphis?
interestingly, there is a pedestrian pathway on each side of the bridge. I never see anyone using it.
I hadn't given that a thought, but that make sense.
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On 12/12/2023 at 11:16 AM, James Owen said:
Officials at TDOT and ArDOT are currently in the process of securing federal grant money to put towards building a new I-55 bridge over the Mississippi River, replacing the existing span that has been in use for over 70 years and would be cost prohibitive to retrofit in order to withstand strong earthquakes.
WREG did a story about it last night:
https://wreg.com/news/mid-south/tn-ar-work-together-on-proposed-new-i-55-bridge/
I assume they're going to take down the old bridge when the new one is complete. I hope they include lanes for foot and bike traffic in the design.
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On 12/12/2023 at 2:46 PM, MDC26 said:
Funny how they can purchase a parking garage that's sandwiched in-between ground floor lobby/restaurant and 3 levels of hotel. I guess hotel Indigo will continue to use the parking as well?
It is odd, but good that this is happening.
I expect we will be seeing a lot of developments moving forward after the news coming out of the FED today. I can't say for sure, but we might be hearing something this week from one of our local developers.
This is from the Commercial Appeal today.
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On 12/3/2023 at 12:26 PM, Wayward Memphian said:
Paris is a bit of a surprise considering the amount of tourism from the UK would otherwise suggest London being a better option for more passengers.
In case you all don't know, the NL Gov't is really clamping down on AMS flights as they have gone climate crisis crazy. Fed Ex promising full bellies to a cargo hub certainly subsidizes the passenger end. Of Course, AF has Delta as a partner and a share of ownership. Delta's marketshare in Memphis has eroded quite a bit since the de hub.
I assumed BA might have been interestrd n LHR/MEM with the A321XLR but they are underperforming on promised range and the B787s are too much plane
American has pulled the plug on making AUS a bit of a connecting hub. That meant the AUS/MEM flight bit the dust. That was losing money on all kinds of fronts. The worse performing hub for a major airline now is Delta in Seattle.
There has been several articles written about Memphis and French companies doing business and then the Memphis Chamber getting involved with Memphis May and selecting France as the honored country seems almost strategic.
I was told the London flights out of Nashville are filled with Memphians.
I am waiting for one of the Smith family members to show an interest in the passenger airline side of the business.
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On 12/7/2023 at 10:29 PM, MDC26 said:
BCBS adding sign to top of Commonwealth building. Are they moving out of their current building and downsizing to Commonwealth building? Also, MLGW is hitting pause on move to East Memphis at this time
The way the MBJ is reporting, they are just putting the sign on top of the Commonwealth building to get the attention of travelers. Then it states they're exploring the possibility of new office space that is suited to their current need and it will be downtown.
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On 12/5/2023 at 7:12 PM, MDC26 said:
The Resident at 757 Court Ave will have 2400 sqft ground commercial and 45 apartment units.
https://www.bizjournals.com/memphis/news/2023/12/04/developers-infill-project-modern-medical-district.htmlOn 12/5/2023 at 7:12 PM, MDC26 said:
The Resident at 757 Court Ave will have 2400 sqft ground commercial and 45 apartment units.
https://www.bizjournals.com/memphis/news/2023/12/04/developers-infill-project-modern-medical-district.htmlI am not sold on the design.
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The Sterick development is continuing to move forward.
EDGE plans to purchase an adjacent parking garage to help Sterick meet its parking requirements. The quasi-governmental organization would do this by acquiring and refurbishing the garage and service areas at 22 N. B.B. King Blvd. for $4.2 million, and then lease it to Constellation Properties LLC, the Sterick development group headed by Stuart Harris.
"Securing the Sterick Building's original garage is of strategic importance to our long-term vision for the project and the surrounding neighborhood that we are working to redevelop," Harris told MBJ. "We appreciate the EDGE board's consideration of an arrangement that will allow us to continue making progress and will prevent these properties from being acquired by non-local entities who may not share our vision for a thriving, active, and prosperous district."
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What’s next For Commercial Appeal building??
in Memphis
Posted
My brother-in-law worked with a crew that did some work there and that is how I was able to see the inside.
I went to Branson last year there are three entertainment attractions that I visited that would be ideal for the warehouse. The Wonder Works, Fritz Adventure, and the Mirror Maize provide some fun family friendly amusement. That warehouse is MASSIVE.
I would like to see a 12 lane bowling alley built, with stadium seats surrounding three sides of lanes, so that Memphis can host PBA bowling tournaments.
Do you mean the MCA? I am having a moment and I don’t remember the MSC acronyms.
If you’re talking about the MCA, I wish that I could take credit for this idea, but another one of my in-laws is heavy in the performing arts and she believe the Commercial Appeal building is an excellent location for weekly live performance shows. She often talks about the jobs that would be created if that type of entertainment was incorporated into the Memphis entertainment offerings.
I don't have any doubt that the city and county will FIND the money for a soccer stadium. Watch them do it. I think the property behind Wiseacre is ideal too.