MEMPHIS | Development News - Page 253

JroxJrox · #**5041** Posted **Apr 5, 2019, 9:09 PM**

https://www.bizjournals.com/memphis/...loews-for.html

Don't understand why the CA did not report it like the Memphis Business Journal but this better explains it.

City could choose between 100 N. Main and Loews for convention center hotel

James Owen · #**5042** Posted **Apr 5, 2019, 10:34 PM**

Quote:

Originally Posted by JroxJrox

https://www.bizjournals.com/memphis/...loews-for.html

Don't understand why the CA did not report it like the Memphis Business Journal but this better explains it.

City could choose between 100 N. Main and Loews for convention center hotel

One or the other will happen. Either a re-purposed 100 North Main as a full-service hotel (and possibly residences) or a built-from-the-ground-up Loews.

In my personal opinion, both projects should happen, but it all depends on finances and whether or not the downtown market can support having three convention hotels in close proximity to each other.

Johnny Ryall · #**5043** Posted **Apr 6, 2019, 8:34 PM**

Alternate 100 N. Main Rendering.

https://www.bizjournals.com/memphis/...loews-for.html

https://www.bizjournals.com/memphis/...loews-for.html

Johnny Ryall · #**5044** Posted **Apr 9, 2019, 2:02 PM**

As I expected, the (2) 30-story towers have been replaced with a smaller annex. Not a surprise with the proposed Clipper development rising higher and Union Row contemplating office square footage. Also, more waiting in the wings with the proposed One Beale tower (future phase), Pinch District redevelopment, etc. Personally, I thought the best use for 100 N. Main was hotel due to floor plate height. Then use the Civic Plaza space for possible future convention center expansion, i.e. a 2nd major convention hall. Either way, still a great project. I like all the ideas out there.

Why and how Townhouse wants to slim down Memphis' tallest tower
By Jacob Steimer – Staff Reporter, Memphis Business Journal

Quote:

Townhouse’s director of development Paul Steenson told the MBJ why and how his company would shear 20 feet off of 100 North Main's width... A New York Developer wants to slim down the massive tower from 86 feet in width to 66 feet, remove the building's concrete skin, wrap it in glass and add an eight-story annex next door. The tower would maintain its 36-story height, 182-foot length... On the first two floors of both the annex and the main building would be retail and commercial space - about 153,000 square feet worth. A 1,100-space parking garage would sit in both buildings on the four floors above retail. In the new building, ballrooms and meeting space would sit above the garage.

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

ARCHITECT P.C. | TOWNHOUSE MANAGEMENT CO.

DRG901 · #**5045** Posted **Apr 9, 2019, 4:24 PM**

Quote:

Originally Posted by Johnny Ryall

As I expected, the (2) 30-story towers have been replaced with a smaller annex. Not a surprise with the proposed Clipper development rising higher and Union Row contemplating office square footage. Also, more waiting in the wings with the proposed One Beale tower (future phase), Pinch District redevelopment, etc. Personally, I thought the best use for 100 N. Main was hotel due to floor plate height. Then use the Civic Plaza space for possible future convention center expansion, i.e. a 2nd major convention hall. Either way, still a great project. I like all the ideas out there.

Why and how Townhouse wants to slim down Memphis' tallest tower
By Jacob Steimer – Staff Reporter, Memphis Business Journal

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

ARCHITECT P.C. | TOWNHOUSE MANAGEMENT CO.

I agree. I caught this from the article:

"The annex would be built so that that a pair of towers for residential and/or office use could be built on top in the future."

I would guess that would be in the future depending on the market etc. 100 N Main and the Loew's are both great proposals.. if it saves 100 N Main from sitting blighted this may make more sense. Would love to see both in a perfect world but interested to see how it plays out.

Also, with all these office tower proposals I'm curious what will end up being built. I'm betting on the Clipper being the most likely and the fastest. I would guess followed by One Beale and Union Row I think have a shot depending on who they could line up for tenants.

Johnny Ryall · #**5046** Posted **Apr 9, 2019, 4:47 PM**

Quote:

Originally Posted by DRG901

I caught this from the article: "The annex would be built so that that a pair of towers for residential and/or office use could be built on top in the future."

I missed that! Glad to hear that it will be built with a vision looking into the future and not locked into 8 stories. An investment done right.

Let's not forget they also have Jefferson Plaza and the empty parcel on its south side.

photo (Memphis News/Houston Cofield)

photo (Memphis News/Houston Cofield)
https://www.memphisdailynews.com/new...00-north-main/

Johnny Ryall · #**5047** Posted **Apr 9, 2019, 5:18 PM**

More coverage of University District happenings.

University District Starts on a Refresh
BY TOBY SELLS/ Memphis Flyer

Quote:

The intersection of Walker and Highland will soon have a new crosswalk, thanks to funds from the Highland Revitalization tax increment finance deal approved for the district in 2016. Officials expect the deal to generate $21 million for the district over the next 20 years... The UNDC recently hired local planning and design firm Looney Ricks Kiss to “re-imagine” the Highland Strip from Midland to Kearney, with a focus on streetscapes and traffic. The study includes, “parking and traffic studies, access management, opportunities for better parking solutions, utility relocation, railroad quiet zones, and ways to slow traffic to promote business success.” The study is expected to be finished next month.

https://www.memphisflyer.com/NewsBlo...s-on-a-refresh

image UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION

image UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION

https://www.memphisflyer.com/NewsBlo...s-on-a-refresh

Johnny Ryall · #**5048** Posted **Apr 11, 2019, 2:37 PM**

After 6-year delay, Elvis Presley Boulevard project to move forward
By Bill Dries/ Daily Memphian

Quote:

City leaders will gather Thursday near the intersection of Elvis Presley Boulevard and Brooks Road to mark the beginning of construction on a $44 million streetscape improvement project that kicked off six years ago.

https://dailymemphian.com/article/43...o-move-forward

Johnny Ryall · #**5049** Posted **Apr 12, 2019, 4:34 PM**

Community Redevelopment Agency extends Jackson Avenue makeover
By Wayne Risher/ Daily Memphian

Quote:

A Memphis development board wants to extend a long-awaited, pedestrian-friendly makeover of Jackson Avenue from Midtown to Downtown. It’s an expansion of the Jackson Avenue Corridor project that the Memphis Division of Housing and Community Development (HCD) has been planning for many years.

https://dailymemphian.com/article/44...venue-makeover

(Rendering courtesy of Ray Brown Urban Design)

https://dailymemphian.com/article/44...venue-makeover

Johnny Ryall · #**5050** Posted **Apr 13, 2019, 9:03 AM**

A score for West Memphis, but another dimension is that this frees up space for the continuing fairgrounds redevelopment.

Coke plans $33M West Memphis expansion, will close Midtown facility
By Samuel Hardiman – Staff Reporter, Memphis Business Journal

https://www.bizjournals.com/memphis/...ill-close.html

image Courtesy of Coca-Cola Consolidated

image Courtesy of Coca-Cola Consolidated

https://www.bizjournals.com/memphis/...ill-close.html

Johnny Ryall · #**5051** Posted **Apr 19, 2019, 10:05 PM**

Union Row developers buy corner of Union & Fourth
By Tom Bailey/ Daily Memphian

Quote:

Union Row developers on Monday bought Downtown’s southeast corner of Union and Fourth, where Powerhouse Motors has repaired cars for nearly a generation. The 6,293-square-foot building – which is to be demolished – and its 0.4-acre parcel at 251 Union are across Union Avenue from AutoZone Park's right field side. The sale means that so far Union Row developers have closed on five purchases totaling 7.9 acres. Those properties represent 27 percent of the 29 acres that developers intend to acquire for the $950 million, mixed-use project.

https://dailymemphian.com/section/ne...f-Union-Fourth

Johnny Ryall · #**5052** Posted **Apr 19, 2019, 10:21 PM**

Two more redevelopment projects target Madison Avenue
By Michelle Corbet/ Daily Memphian

Quote:

An investment management firm and a Downtown property owner are the latest with plans to put two vacant buildings, about a half-mile apart on Madison Avenue, back into use. One will be a coffee shop/café with a residence above and the other will be the new offices of Preserver Partners LLC with two rental apartments on the second floor.

https://dailymemphian.com/section/ne...Madison-Avenue

photo (Courtesy UrbanArch)

photo (Courtesy Self + Tucker)

https://dailymemphian.com/section/ne...Madison-Avenue

JroxJrox · #**5053** Posted **Apr 23, 2019, 7:18 PM**

Southland Casino awards Miss. contractor its $200M expansion project

https://www.bizjournals.com/memphis/...-its-200m.html

Casino's would have made Memphis a boom city long ago had Memphis not been part of Tennessee. Casino's don't beg for pilots or other funds as much and every day of production lost is a loss of funds to them so they move along very fast with projects.

According to a release, work on the project is expected to start immediately, with substantial completion anticipated by January 2021. The contract value will be included in Tutor Perini’s first quarter 2019 backlog.

Johnny Ryall · #**5054** Posted **Apr 23, 2019, 9:46 PM**

City signs LOI with Loews for convention center hotel
By Greg Akers – Editor-in-Chief, Memphis Business Journal

Quote:

The City of Memphis has signed a letter of intent with Loews Hotels for the development of a 500-room convention center hotel at 140 N. Main St.

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

JroxJrox · #**5055** Posted **Apr 23, 2019, 9:55 PM**

Quote:

Originally Posted by Johnny Ryall

City signs LOI with Loews for convention center hotel
By Greg Akers – Editor-in-Chief, Memphis Business Journal

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

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

Excited to see this is happening and my support was for Loews due to prior contract obligations. The question I have now is WHEN will they start? Developments in Memphis drags and extend so much so you have watched 5 or more years go by.

DRG901 · #**5056** Posted **Apr 24, 2019, 2:43 PM**

Quote:

Originally Posted by Johnny Ryall

City signs LOI with Loews for convention center hotel
By Greg Akers – Editor-in-Chief, Memphis Business Journal

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

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

I'm happy they went with Loews. Great get for Memphis and I was skeptical of the 100 N Main proposal as it seemed it could take longer to get a brand etc. Plus, we'll be getting a shiny new tower

. Now, hopefully something can be worked out with THM soon and get something going on 100 N Main.

TheKernel91 · #**5057** Posted **Apr 24, 2019, 3:40 PM**

Quote:

Originally Posted by JroxJrox

Southland Casino awards Miss. contractor its $200M expansion project

https://www.bizjournals.com/memphis/...-its-200m.html

Casino's would have made Memphis a boom city long ago had Memphis not been part of Tennessee. Casino's don't beg for pilots or other funds as much and every day of production lost is a loss of funds to them so they move along very fast with projects.

According to a release, work on the project is expected to start immediately, with substantial completion anticipated by January 2021. The contract value will be included in Tutor Perini’s first quarter 2019 backlog.

Man its mind blowing to think about the kind of city Memphis would be today if those casino's in Tunica were built downtown. We would have lost alot old structures I believe. From my understanding, those investors went to TN about investing in casino's in Memphis first, right?

JroxJrox · #**5058** Posted **Apr 24, 2019, 7:56 PM**

Quote:

Originally Posted by TheKernel91

Man its mind blowing to think about the kind of city Memphis would be today if those casino's in Tunica were built downtown. We would have lost alot old structures I believe. From my understanding, those investors went to TN about investing in casino's in Memphis first, right?

I heard they did and even maybe looked at the pyramid a later time was an option. The problem is once the Tunica Casinos established their current locations they had lobbyists in Nashville against putting casinos in Memphis. That is a fact. They were protecting their investments but that was short term as you can see Tunica may be down to 6 hotels and lost the crown jewel which was the MGM Grand.

Wayward Memphian · #**5059** Posted **Apr 24, 2019, 11:26 PM**

Quote:

Originally Posted by JroxJrox

I heard they did and even maybe looked at the pyramid a later time was an option. The problem is once the Tunica Casinos established their current locations they had lobbyists in Nashville against putting casinos in Memphis. That is a fact. They were protecting their investments but that was short term as you can see Tunica may be down to 6 hotels and lost the crown jewel which was the MGM Grand.

Arkansas is still basically a duopoly between the Cella's(Oaklawn)and Deleware(Southland). Now Pope Co. Can get one(Russellville) but it will be a hard fought battle to get it approved. Hard Rock wants to build a resort casino there. Arkansas really limited itself. There's no Northwest Arkansas option, Eureka Springs/south of Branson option or Texarkana option.

Johnny Ryall · #**5060** Posted **Apr 29, 2019, 3:24 AM**

City, County unveil plan to redevelop building near Medical District for homelessness effort
By Samuel Hardiman – Staff Reporter, Memphis Business Journal

Quote:

That investment would pave the way for nonprofit Hospitality Hub to redevelop 501 Washington St. into a 30-bed shelter for homeless women, a day center that allows the indigent population to rest safely, a community garden, and other amenities.

https://www.bizjournals.com/memphis/...ding-near.html

rendering A2H Design, City of Memphis, Shelby County