MEMPHIS | Development News - Page 255

Johnny Ryall · #**5081** Posted **Jul 23, 2019, 7:01 PM**

Arlington Trails development starts with new hotel, self-storage
By Tom Bailey/ The Daily Memphian

Quote:

Construction will soon start on Arlington’s first hotel, a $14 million, 110-guestroom Fairfield Inn & Suites. The hotel, as well as a $4 million Sentry Self Storage facility, will be the first two construction projects to anchor the new Arlington Trails Planned Development on the southwest corner of I-40 and Airline Road... If the Fairfield succeeds, Grant plans to build nearby a second hotel, likely a SpringHill Suites.

https://dailymemphian.com/section/bu...l-self-storage

rendering (Courtesy of Milton Grant)

site plan(Courtesy of Renaissance Group)

https://dailymemphian.com/section/bu...l-self-storage

Johnny Ryall · #**5082** Posted **Jul 23, 2019, 7:19 PM**

Latest plan for The Clipper excludes hotel
By Tom Bailey/ The Daily Memphian

Quote:

Developers of The Clipper have mothballed plans, at least for now, for a second tower that would be a hotel. New York-based Somera Road Inc. with local partner Orgel Family LP issued a press release Friday stating the developers are seeking tenants for the 300,000-square-foot office tower. Those nine stories would be floors 11-19 of a tower that has parking on floors 2-10 and retail and limited parking on the ground level.

Belz Enterprises and Fairwood Capital had considered building a 200-room hotel at the corner of Main and Beale, about three blocks from The Clipper property, Pinkowski said. The Main and Beale property is where Tri-State Bank headquarters was bought and demolished. But last summer Belz sought and received permission to build a surface parking lot instead of a hotel, stating it would wait for the market to improve for a high-end, mixed-use project.

https://dailymemphian.com/section/bu...excludes-hotel

(Rendering courtesy of Somera Road)

(Rendering courtesy of Somera Road)

https://dailymemphian.com/section/bu...excludes-hotel

Johnny Ryall · #**5083** Posted **Jul 23, 2019, 7:26 PM**

Kane says two new convention center hotels a possibility
By Bill Dries/ The Daily Memphian

Quote:

The head of Memphis Tourism says Memphis could get two new convention center hotels Downtown despite several court fights over the city’s plan for a single Loews Hotel on the Main Street Mall. “It would be fine with me if Loews built 550 rooms, and 100 North Main built 400 rooms or 450,” Memphis Tourism president and CEO Kevin Kane said on the WKNO Channel 10 program “Behind The Headlines,” which airs July 21. Townhouse Management has said it has a plan to redevelop 100 North Main, the city's tallest building, as a hotel. “I think (two new hotels) certainly is in the realm of possibility," Kane said. "I think eventually you will see the Sheraton hotel – those owners will invest and make their hotel even nicer and more competitive.”

https://dailymemphian.com/section/me...-a-possibility

TheKernel91 · #**5084** Posted **Jul 24, 2019, 4:55 AM**

Hoping the Clipper breaks ground soon, and eventually have a hotel component as originally planned.

Also as far as Olive Branch's new development, I'm shocked to hear the lack of apartment development in Desoto county. Before Silos Sqaure construction recently, almost no development in years for apartments in Desoto. As fast growing as Desto County is, you'll think something like the Olive Branch project would mix-use with apartments/rentals.

Johnny Ryall · #**5085** Posted **Jul 24, 2019, 5:05 PM**

Memphis' hotel pipeline is bursting: The economics behind the boom
By Jacob Steimer – Staff Reporter, Memphis Business Journal

Quote:

Enough projects have either been announced or are underway to add 5,800 rooms in a city that has 23,000 rooms currently, according to hospitality consulting firm Pinkowski & Co... Only expects about half of those rooms to be built, the impact of 2,900 rooms - more than 10 percent of the city's current capacity - could be significant.... Pinkowski sees mostly positive effects from the ongoing wave: Along with the additional tax revenue, the projects will make the local hotel market more robust. And, especially with the $200 million worth of improvements being made to the city's convention center, he expects demand to eventually catch up to the new supply.

https://www.bizjournals.com/memphis/...economics.html

Central Station hotel rendering courtesy Crowe PR

Central Station hotel rendering courtesy Crowe PR

https://www.bizjournals.com/memphis/...economics.html

Johnny Ryall · #**5086** Posted **Jul 26, 2019, 7:56 PM**

Gold Strike debuts $7M sports bar, book, and Topgolf Swing Suite
By Corey Davis – Staff Reporter, Memphis Business Journal

Quote:

Gold Strike Casino Resort will have a grand opening of its 6,000-square-foot Moneyline Book, Bar & Grill on Friday, July 26. The non-smoking venue will feature more than 60 HD screens, including a giant video wall, expansive bar, three-meal dining, sports book, VIP lounge, entertainment, and the Mid-South’s first Topgolf Swing Suite. The Topgolf Swing Suite will feature a variety of virtual games, and people can play in groups with up to eight players or practice solo. David Tsai, president and COO of Gold Strike, said the MGM Resorts International facility is looking to position itself as the region’s leading destination for sports and entertainment.

https://www.bizjournals.com/memphis/...d-topgolf.html

image Jamie K Morton | Gold Strike

image Jamie K Morton | Gold Strike

https://www.bizjournals.com/memphis/...d-topgolf.html

Johnny Ryall · #**5087** Posted **Jul 26, 2019, 8:24 PM**

Aye, good stuff.

California e-commerce co. brings life to long-vacant North Memphis warehouse
By Corey Davis – Staff Reporter, Memphis Business Journal

Quote:

At the July 24 ribbon-cutting at Golden Bolt in North Memphis. "This is considered one of the more lower income communities in Memphis, and there aren’t a lot of jobs or industries in this area. For this facility to come to this area and provide jobs was much needed."

https://www.bizjournals.com/memphis/...e-to-long.html

picture Courtesy Golden Bolt

picture Courtesy Golden Bolt

https://www.bizjournals.com/memphis/...e-to-long.html

Johnny Ryall · #**5088** Posted **Jul 26, 2019, 8:33 PM**

Restaurateur buys old Ambassador Hotel as new home for South of Beale
By Susan Ellis – Staff Reporter, Memphis Business Journal

Quote:

Cabigao plans to move South of Beale into the bottom floor of the Ambassador and convert the upper floors into apartments. He said the reason behind the move was two-fold: He's interested in acquiring property, and he needed the extra space for South of Beale, which has outgrown its current space at 361 S. Main St... The transaction also includes the 361 S. Main property, and he wants to find the right tenant to replace his own restaurant.

https://www.bizjournals.com/memphis/...-new-home.html

picture Courtesy of Center City Development Corp.

picture Courtesy of Center City Development Corp.

https://www.bizjournals.com/memphis/...-new-home.html

DRG901 · #**5089** Posted **Jul 29, 2019, 1:28 PM**

How should 'Crosstown Mound' be redeveloped?

https://dailymemphian.com/section/bu...be-redeveloped

Johnny Ryall · #**5090** Posted **Jul 31, 2019, 5:19 PM**

More for Binghampton.

Mixed-use projects en route to Binghampton, Downtown
By Jacob Steimer – Staff Reporter, Memphis Business Journal

Quote:

A Nashville firm plans to develop 218 residences and some retail space on the Tillman Cove property in Binghampton... Elmington Capital plans to redevelop the deeply blighted Tillman Cove complex into a mix of apartments, senior living and townhomes.

https://www.bizjournals.com/memphis/...nghampton.html

image Courtesy of Kimley Horn | City of Memphis

image Courtesy of Kimley Horn | City of Memphis

https://www.bizjournals.com/memphis/...nghampton.html

maximus10 · #**5091** Posted **Jul 31, 2019, 7:00 PM**

Dream Hotel Group plans boutique on South Main

Quote:

A real estate developer who is hot on South Main has partnered with a high-end boutique hotel group out of New York.

In partnership with real estate developer Tom Intrator, the boutique Dream Hotel would open at 122 S. Main St., the current Royal Furniture building.

The hotel is set to include 178 rooms and four dining and nightlife venues, including a signature restaurant, lobby lounge, coffee shop, and rooftop bar.

"[Our] frontrunner [plan] has been to develop the existing structure to a very, very high-end [restaurant, and] go vertical over it, probably with a hotel," developer Tom Intrator told MBJ in January.

https://www.bizjournals.com/memphis/...outh-main.html

Johnny Ryall · #**5092** Posted **Jul 31, 2019, 8:21 PM**

Former Memphis Firestone property pulled from tax sale amid legal questions
Desiree Stennett, Memphis Commercial Appeal

Quote:

The former Firestone plant expected to appear in Tuesday's tax sale won't be sold until at least October, the Shelby County Trustee's Office confirmed Monday evening. The property was pulled because the Blight Authority of Memphis filed a notice last week indicating that it intended to enter a minimum bid on the property, triggering a debate over the constitutionality of the sale and prompting a judge to remove the listing.

https://www.commercialappeal.com/sto...on/1862995001/

(Photo: Courtesy of Economic Development Growth Engine for Memphis and Shelby County)

Johnny Ryall · #**5093** Posted **Aug 3, 2019, 2:44 PM**

More movement on the massive Union Row development.

Union Row developers spend big on Kings Court Motel
By Jacob Steimer – Staff Reporter, Memphis Business Journal

Quote:

The project's first phase is supposed to include about 800 apartments, 200 hotel rooms, at least 100,000 square feet of office space.

https://www.bizjournals.com/memphis/...-on-kings.html

Johnny Ryall · #**5094** Posted **Aug 3, 2019, 3:23 PM**

$1.55 Billion in total.

FedEx announces $450M more in hub investment — on top of the $1B underway
By Meagan Nichols – Associate Editor, Memphis Business Journal

Quote:

Last year, then-Gov. Bill Haslam stood in front of a FedEx Express plane to help announce FedEx’s $1 billion Memphis World Hub modernization project. Today, Gov. Bill Lee took part in a similar announcement.

https://www.bizjournals.com/memphis/..._news_headline

Johnny Ryall · #**5095** Posted **Aug 6, 2019, 3:12 AM**

City of Memphis, U of M serve up $19M Leftwich Tennis Center makeover
By Corey Davis – Staff Reporter, Memphis Business Journal

Quote:

The renovated facility will feature 32 courts, including 20 outdoor and 12 indoor courts — up from its current eight outdoor and four indoor courts.

https://www.bizjournals.com/memphis/...-leftwich.html

rendering COURTESY FLEMING ARCHITECTS

rendering COURTESY FLEMING ARCHITECTS

https://www.bizjournals.com/memphis/...-leftwich.html

DRG901 · #**5096** Posted **Aug 14, 2019, 8:18 PM**

Quote:

Originally Posted by Johnny Ryall

Memphian Hotel in Overton Square gets a more timeless look
By Tom Bailey/ The Daily Memphian

https://dailymemphian.com/article/57...-timeless-look

(Rendering courtesy of Renaissance Group)

(Rendering courtesy of Renaissance Group)

(Rendering courtesy of Renaissance Group)

https://dailymemphian.com/article/57...-timeless-look

Fencing has been up for a week or so now and they have started digging up the parking lot and have an opening in 2020 sign up.

DRG901 · #**5097** Posted **Aug 15, 2019, 9:10 PM**

Producer plans to open Downtown recording studio/coffee shop
By Mary Cashiola / Memphis Business Journal

"A music and film producer who has worked with Prince, Alicia Keys, Guns N’ Roses, and Jennifer Lopez is planning to open a coffee shop/recording studio in Downtown Memphis."

"Aroutiounian’s plan is to renovate the floor into a coffee shop, with the rear of the space housing a new record label and recording studio, Court Square Recordings. Construction is expected to begin in September and be completed by the end of the year."

Johnny Ryall · #**5098** Posted **Aug 21, 2019, 2:22 AM**

Porter-Leath proposes child care center in Frayser
-Girls Inc. plans $4.5 million expansion nearby
By Omer Yusuf/ The Daily Memphian

Quote:

Two nonprofits have submitted special use permits to the Shelby County Land Use Control Board to expand youth programming in Frayser.
Porter-Leath has submitted a request to build a child care center in Frayser. The proposed center on 25 acres would serve up to 248 children from ages six months to 5 years.

https://dailymemphian.com/section/ne...e-center-in-fr

rendering (Submitted) The Daily Memphian

https://dailymemphian.com/section/ne...e-center-in-fr

Johnny Ryall · #**5099** Posted **Aug 21, 2019, 2:33 AM**

Union and Fourth hotel approved by council with parking in back, hotel on corner
By Bill Dries/ The Daily Memphian

Quote:

...the lot in front of the six-story, 130-room hotel would have been temporary or “a place holder” until developers of the nearby $1 billion Union Row development came through with a parking garage Patel’s hotel would use. The front lot of 90 parking spaces would then have become some kind of mixed use development in addition to the hotel.

https://dailymemphian.com/section/me...-by-council-wi

Johnny Ryall · #**5100** Posted **Aug 21, 2019, 2:42 AM**

Public company plans $10M state-of-the-art facility in Olive Branch
By Corey Davis – Staff Reporter, Memphis Business Journal

Quote:

Navistar International Corp is opening an $8 million, 300,000-square-foot new parts distribution center at 7347 Polk Lane in Olive Branch on Monday, Aug. 26.

https://www.bizjournals.com/memphis/...-facility.html

photo Courtesy Navistar

https://www.bizjournals.com/memphis/...-facility.html