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Old Posted Jan 28, 2010, 2:20 AM
Johnny Ryall Johnny Ryall is online now
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Memphis College of Art developing graduate school Downtown

Memphis Business Journal - by Andy Ashby

Memphis College of Art is looking to move its graduate school Downtown to the South Main Historic Arts District. MCA plans to purchase and renovate a five-story building at 477 S. Main for $2.9 million where it will develop the school serving more than 100 graduate students and faculty. Plans for the building include more than 55,000 square feet of educational space and a 3,500-square-foot retail storefront gallery.

The college is going before the Center City Development Corp. Wednesday morning to seek financial incentives, including a $180,000 development loan, a $40,000 retail forgivable loan and a $30,000 facade improvement grant. It will also ask the CCDC board for a $200,000 project development grant. If approved, the project could start in February and be completed by the fall. MCA's graduate program is currently housed in its Midtown campus, at 1930 Poplar Avenue.

Askew Nixon Ferguson Architects will design the project while Montgomery Martin Contractors LLC will be the general contractor. The board will also hear from lawyers T. Clifton Harviel, Barry J. McWhirter, Arthur E. Quinn and Michael J. Stengel who plan to open a 2,668-square-foot office at Lincoln America Tower.

Last edited by Johnny Ryall; Jan 30, 2010 at 7:46 PM.
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