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James Owen

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About James Owen

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  • Birthday 10/16/1983

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    Memphis, TN
  1. Union Row continues to evolve as the latest renderings shows two hotels, an office tower, and what is being called an "innovation lab" for startup companies in addition to the apartments and retail being developed in Phase 1 of the project. Union Row: New renderings and site map sharpen vision for Downtown Memphis development Desiree Stennett, Memphis Commercial Appeal https://www.commercialappeal.com/story/money/business/development/2019/09/26/union-row-downtown-memphis-development-renderings/2421730001/ Image courtesy of Looney Ricks Kiss Image courtesy of Looney Ricks Kiss
  2. An interesting redesign compared to the last set of renderings, but I cannot help but wonder if Townhouse is really desperate at this point to get some of that TDZ funding the city wanted to give Loews for their development. I think there are several avenues available to where both Loews and Townhouse's projects can co-exist. Doesn't have to be one or the other, and if Shulte (owners of the Sheration) still has a problem with having nearby competition, they need to stop fighting the city and state in court, and actually invest in making improvements to their own property to where they can better compete with a Loews and/or Marriott.
  3. The building height is shorter than originally planned, but it is also taking up a smaller footprint as well, meaning none of the existing buildings on the plaza (Fire Museum and DMC HQ) will have to be torn down as a result. The only two casualties are the existing trolley stop and the splash fountain area, the former of which is in part because the city plans to allow two-way vehicular traffic on Main between Adams and Poplar (possibly Exchange Avenue as well) in order to accommodate the new hotel. What does all of this mean while litigation between the City of Memphis, Loews, Townhouse (owners of 100 North Main), and Schurz (owners of the Sheraton) is ongoing? That is still unknown at the moment, but we'll probably know something in a few weeks time.
  4. I had always been skeptical about the Carlisles pursuing an office component to One Beale, but they can always find another investor. It's a setback for them, but with the rest of the project now going forward in terms of the hotel, residential, and retail portions, that part was probably the very least of their concerns over everything else they were trying to do.
  5. The current owners (Townhouse Management out of New York) had pitched a plan for a complete redo of the entire building into a glass-cladded hotel with ballroom and conference space (possibly some residences as well), but those efforts are on hold at the moment while litigation is going on between them, the city, and the owners of the Sheraton who are trying to block a new Loews from being built right next door to 100 North Main. Townhouse had partnered with Loews originally, but both sides wound up going their separate ways, and they decided to seek a new hotel brand to occupy the renovated tower.
  6. Good point. A fair argument can be said that other minor league ballparks which share a field with a USL club go through similar problems like this, especially when you're having to put in temporary sod over the dirt areas of the field before every match. May need to write a letter to the owners about that.
  7. The story is behind a paywall, but it appears FedEx may be looking to lease most if not all of the space inside the proposed office tower in addition to the former Gibson plant space. Exclusive: FedEx nears lease of new Downtown tower Jacob Steimer Staff Reporter, Memphis Business Journal https://www.bizjournals.com/memphis/news/2019/08/15/exclusive-fedex-nears-lease-of-new-downtown-tower.html?iana=hpmvp_memp_news_headline
  8. Looking at this rendering, I see 12 floors and a rooftop area. I'm guessing all of the hotel rooms are going to be situated on floors 5 through 12.
  9. They're also paying attention to the current saga going on between Schulte (current owners of the 600-room Sheraton; pitched plans for a new 300-room JW Marriott right next door), Loews (planning new 550-room hotel along Civic Center Plaza), and Townhouse (owners of 100 North Main; wants to convert into a new 500-room hotel) and how that all plays out in court.
  10. I read the article, and the impression I got was that the developers had decided to focus their efforts on getting the office component built first, which will now be 19 stories (9 floors of office space; 10 floors of parking; ground floor retail). The green space right next to it would be a placeholder for a future second tower. Whether or not a hotel will go into that spot remains to be seen, but I think the developers decided to hold off because of other nearby hotel developments that are either planned or well underway (i.e., Hyatt Centric, Canopy (former Benchmark site), Aloft, Loews (currently in litigation), etc.). They even have an updated website for the project: https://www.memphisclipper.com/
  11. I applaud the owners of Slim & Husky on their expansion into the Bluff City. They recently opened a couple of locations in the Atlanta area, and I think they're branching out to other cities as well in the future.
  12. Copy and pasting from what I had already posted in the Loews thread. Townhouse has decided to pursue converting 100 North Main into a full-service hotel (separate from the one Loews has pitched for Civic Center Plaza) on its own and under a different hotel flag. City could choose between 100 N. Main and Loews for convention center hotel By Jacob Steimer and Samuel Hardiman – Memphis Business Journal https://www.bizjournals.com/memphis/news/2019/04/05/city-could-choose-between-100-n-main-and-loews-for.html?iana=hpmvp_memp_news_headline (Source: Townhouse Management Co. / Architect P.C.)
  13. As of today, Loews and Townhouse are pursuing separate proposals for a convention center hotel along North Main. The Loews proposal has not changed. City could choose between 100 N. Main and Loews for convention center hotel By Jacob Steimer and Samuel Hardiman – Memphis Business Journal https://www.bizjournals.com/memphis/news/2019/04/05/city-could-choose-between-100-n-main-and-loews-for.html?iana=hpmvp_memp_news_headline
  14. There's word today that the development could become larger than initially proposed, according to MBJ. Clipper developer seeks height exception, special use permit Jacob Steimer Staff Reporter, Memphis Business Journal https://www.bizjournals.com/memphis/..._news_headline
  15. I never understood why they would even sue to keep the Loews hotel project from happening. If the owners of the Sheraton are that concerned about competition, they should put their money where their mouths are and actually invest in making substantial improvements to their hotel property.
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