Ridgeway Trace
#1
Posted 04 November 2006 - 01:39 PM
This is pretty exciting if things go as planned. According to the article, Target and Maggiano's Little Italy are interested. I've read before that the Cheesecake Factory and Panera Bread are rumored to be a part of this deal as well as a mixed-use tower. I would hope, however, that the retail takes an urban design. I'd like to see the Target be a two-story store with a parking garage simply because the normal box store/parking lot design wouldn't really fit in with the East Memphis area. Maybe the tower (it's not mentioned in this article) would be a new tallest for Memphis! However, it's a tad early to start talking about that.
#2
Posted 04 November 2006 - 09:45 PM
northernbizzkit1, on Nov 4 2006, 02:39 PM, said:
It'd be nice to have Memphis' tallest tower on the vacant lot (where they are building a shopping center) across from the funeral home.
#3
Posted 04 November 2006 - 09:58 PM
I believe Ridgeway Trace was well over 25 years old, which makes it an ideal candidate for replacement. Low-rise apartment complexes tend to suffer from a dramatic increase in maintenance after 10 years, which becomes a nightmare after 20. By 25, many are seen to have peaked, and passed the point of their useful lives.
Sadly, many more recently constructed communities aren't faring so well. I can think of some in Cordova that suffered serious problems in only 2 or 3 years. You wouldn't believe the amount of effort that goes into hiding the state of a property from prospective residents.
The standards for construction seem to have dropped a bit.
Edited by DoctorGonzo, 04 November 2006 - 09:59 PM.
#4
Posted 06 November 2006 - 09:25 AM
Where are we getting talk of a tower from? That would definitely be awesome, but it seems like it would've been mentioned already...
Still, this is 400,000 square feet, which is notable. I am concerned, though, what this would mean for the Target on Colonial...
#5
Posted 06 November 2006 - 01:21 PM
Rardy, on Nov 6 2006, 09:25 AM, said:
Where are we getting talk of a tower from? That would definitely be awesome, but it seems like it would've been mentioned already...
Still, this is 400,000 square feet, which is notable. I am concerned, though, what this would mean for the Target on Colonial...
I think using this site for just retail would be somewhat of a wast. Aside from the 400,000 sq ft of retail space (which is huge), they should look into incorporating office, residential, and hotel. That area is one that can support additions to all three categories, and thus could support a large tower.
#6
Posted 06 November 2006 - 09:37 PM
Rardy, on Nov 6 2006, 10:25 AM, said:
Where are we getting talk of a tower from? That would definitely be awesome, but it seems like it would've been mentioned already...
Still, this is 400,000 square feet, which is notable. I am concerned, though, what this would mean for the Target on Colonial...
I think that the target on Colonial does so much business that they need another store. It is almost always packed, and they have been trying to get a second store in midtown for quite a while. (There isn't another store in midtown or downtown for general housewares.)
After the store at ridgeway trace is built, all of midtown and downtown will still go to the colonial store.
#7
Posted 07 November 2006 - 04:57 PM
hgupta, on Nov 6 2006, 09:37 PM, said:
After the store at ridgeway trace is built, all of midtown and downtown will still go to the colonial store.
I definitely think a mixed-use tower would be feasible for this area. The only problem is that the Grandview, less than a mile away, doesn't seem to have gotten off the ground. Anybody have an update for it?
Apparently they close on this property on Thursday, at which point their plans will prolly become public.
#8
Posted 10 November 2006 - 08:21 AM
"We're hopeful that they can figure out a way to make the traffic work long term," said Russell E. Bloodworth Jr., executive vice president of Boyle. "Everybody needs to be sure that what they propose will not have Poplar coming to a complete screeching halt. "Of course we want more development in the city of Memphis, so we're excited about that," he said. "But we want to be sure the overall corridor's transportation system continues to work."
At least they're considering this, and this incidentally means the project is moving forward. The article says the development will resemble Carriage Crossing and will have a "major anchor", some "junior anchors", offices and restaurants. No mention of a tower...
#9
Posted 10 November 2006 - 08:44 AM
Rardy, on Nov 10 2006, 08:21 AM, said:
"We're hopeful that they can figure out a way to make the traffic work long term," said Russell E. Bloodworth Jr., executive vice president of Boyle. "Everybody needs to be sure that what they propose will not have Poplar coming to a complete screeching halt. "Of course we want more development in the city of Memphis, so we're excited about that," he said. "But we want to be sure the overall corridor's transportation system continues to work."
At least they're considering this, and this incidentally means the project is moving forward. The article says the development will resemble Carriage Crossing and will have a "major anchor", some "junior anchors", offices and restaurants. No mention of a tower...
I need to find the article...someone posted it on here a while ago. It's not part of the retail portion, so maybe that's why it isn't mentioned. I wonder if Norfolk Southern told them that they can't tunnel under the rail...I'd still like to see that. Nice to see that they are putting thought into the project...I can understand, for it would be kinda difficult to get to it if you are heading west on poplar.
#10
Posted 10 November 2006 - 09:23 AM
northernbizzkit1, on Nov 10 2006, 08:44 AM, said:
#11
Posted 10 November 2006 - 10:27 AM
Rardy, on Nov 10 2006, 09:23 AM, said:
ahhhh...that's it...i need to still find that article b/c it was in a real estate thing my mom's friend (the one i referenced in the previous East Memphis thread) had. It just talked about future development along Poplar.
#12
Posted 15 December 2006 - 07:27 AM
http://www.commercia...5214511,00.html
#13
Posted 15 December 2006 - 10:21 AM
jmduke, on Dec 15 2006, 07:27 AM, said:
http://www.commercia...5214511,00.html
I am disappointed, though, that they won't be tunneling under the train tracks to Park Ave. I also don't think the Target on Colonial will be left open with Target in midtown and Target in this new development (I hope I'm wrong, though). In fact, all those shops like Pottery Barn and Gould's will probably move here which won't be a net gain for Memphis. Ah well...at least they're staying in Memphis.
Look for that stretch of Poplar to be upscale restaurant heaven with Carrabba's, P.F. Chang's, Fleming's, and Houston's already open, Olive Garden on the way, and Cheesecake Factory and others in this development.
#14
Posted 15 December 2006 - 11:22 AM
Rardy, on Dec 15 2006, 11:21 AM, said:
I am disappointed, though, that they won't be tunneling under the train tracks to Park Ave. I also don't think the Target on Colonial will be left open with Target in midtown and Target in this new development (I hope I'm wrong, though). In fact, all those shops like Pottery Barn and Gould's will probably move here which won't be a net gain for Memphis. Ah well...at least they're staying in Memphis.
Look for that stretch of Poplar to be upscale restaurant heaven with Carrabba's, P.F. Chang's, Fleming's, and Houston's already open, Olive Garden on the way, and Cheesecake Factory and others in this development.
I think that the Target on Colonial will remain open...its such a high traffic area and there are a lot of days that you can't even find parking in that lot. There's plenty of business for all three stores to coexist.
#15
Posted 15 December 2006 - 04:04 PM
#16
Posted 15 December 2006 - 04:15 PM
memphian, on Dec 15 2006, 04:04 PM, said:
I'm not trying to be pessimistic. But do you guys really think we can support 3 Targets within/on the loop? There IS 200,000 people inside the loop which is a sufficient number... Maybe I'm wrong. I hope I am, actually.
#17
Posted 16 December 2006 - 10:16 AM
Rardy, on Dec 15 2006, 05:15 PM, said:
I'm not trying to be pessimistic. But do you guys really think we can support 3 Targets within/on the loop? There IS 200,000 people inside the loop which is a sufficient number... Maybe I'm wrong. I hope I am, actually.
Well, if we can support a Walgreens on almost every major intersection, surely we can support a couple of Targets.
#18
Posted 14 June 2007 - 04:39 PM
http://memphis.bizjo...tml?jst=b_ln_hl
Edited by tnse, 14 June 2007 - 04:41 PM.
#19
Posted 14 June 2007 - 06:02 PM
#20
Posted 15 June 2007 - 07:30 AM
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