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About DRG901

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    Memphis TN
  1. Poplar Art Lofts across from Overton Park. Construction has started. Thrive At the Park Apartments (Sam Cooper/East Parkway/Hollywood)- Coming out of the ground, this is the section on the South side of Sam Cooper (picture taken from the corner of Hollywood/Sam Cooper).
  2. Well I figured things would be delayed/paused/downsized. Info from the MBJ (behind the paywall) about Union Row basically on a pause/redesign due to Covid. This seems all so familiar to 2008 when we had a few big projects set before the recession hit. Hopefully things work out better this time. Union Row has spent much of pandemic "on pause," in "redesign" "The Union Row development team has been spending recent weeks value-engineering and redesigning the project, developer Kevin Adams told a Shelby County Board of Commissioners committee Wednesday. Pre-pandemic, the project had been getting close to construction, but the coronavirus has brought "uncharted waters" and unsettled capital markets to the project, he said July 8. "The last four months have been a time of reflection on the project, and … of taking a deeper thought process on the overall site plan," Adams said. "The capital markets … remain cautiously optimistic about Union Row." "In a conversation later Wednesday, Downtown Memphis Commission president Jennifer Oswalt said the pandemic forced the Union Row team to put the project "on pause" in April, but she's hopeful the construction of apartments on the eastern half of the site can start by the end of 2020. The western part of the site was slated for hotel and office buildings, which are more difficult to pull off in the COVID-19 age." https://www.bizjournals.com/memphis/news/2020/07/09/oswalt-adams-give-union-row-update.html?iana=hpmvp_memp_news_headline
  3. Mixed-use development proposed for Poplar Plaza’s corner at Poplar & Highland Plans to demolish the buildings at Poplar/Highland in Poplar Plaza and replace them with apartments over retail. Story behind the Daily Memphian paywall. Plans call for two new buildings 6-7 stories tall. No confirmation on how many apartments. https://dailymemphian.com/subscriber/section/business/article/15292/taller-mixed-use-development-proposed-for-poplar "The owner of Poplar Plaza plans to transform the center’s most prominent spot — the northwest corner of Poplar and Highland — with two taller buildings housing retail on the ground floor and apartments above." "The larger building facing Poplar appears to extend from Highland west, ending at an interior road into Poplar Plaza. The smaller building fronting South Highland appears to extend north, stopping where the existing Baskin-Robbins ice cream shop operates. The project comprises 5.1 acres on the corner of the giant shopping center. The city’s first suburban shopping center was built in 1951 and totals 350,000 square feet of commercial space. The corner building at Poplar and Highland anchors a major intersection. The space has been vacant since 2017 when Spin Street record shop closed."
  4. Permits pulled for start of construction on this project. https://dailymemphian.com/section/business/article/15218/city-files-for-permit-to-enlarge-leftwich-tennis
  5. Progress continues and update on the Lake District in Lakeland Construction for Lake District still underway amid public health crisis https://www.wmcactionnews5.com/2020/06/29/construction-lake-district-still-underway-amid-public-health-crisis/ "One of the Mid-South’s most ambitious construction projects, the Lake District is an upscale, mixed-use development on an 11-acre lake at I-40 and Canada Road. They broke ground on February 5 and then COVID-19 happened. But developer Yahuda Netanel says the coronavirus has not slowed down progress on the 161-acre project. Construction on phase one, which includes retail and residential space, is right on schedule. The Lake District will have an Osaka, Starbucks, Firehouse Subs and Frieda's. More than 100 townhomes, the developer calls, unlike any other in the MId-South are being built." The Lake District will also have a supermarket, gym and movie theater. The developer says they’re still looking for an optometrist, dry cleaner, pizza place and local brewery to move into the development. If the weather cooperates, phase one should be done by the holidays."
  6. Orgel presses ahead with $32M Snuff District permit, but no office space yet By Tom Bailey/Daily Memphian Updated: June 25, 2020 9:32 AM CT | Published: June 25, 2020 9:28 AM CT "Developers of the planned, $200 million Snuff District in Uptown just applied for a building permit to spend an estimated $32.6 million for the first 107 apartments, community room and fitness center. The adaptive reuse of the complex of six historic buildings at 46 Keel is planned as the first phase of a 55-acre, mixed-use development of apartments, office space, event space, single-family homes, and green space to make the Wolf River Harbor accessible to Uptown." But this first building permit does not include about 80,000 square feet of office space for Varsity Spirit, the company that in fall 2019 announced plans to move its headquarters from the suburbs into the old converted snuff factory. “At the moment will include office space but plans not complete so that part of the building being drawn still,” lead developer Billy Orgel responded to The Daily Memphian by text Thursday morning, June 25. “This is a multi-phase project,” Orgel said. “The building is 260,000 square feet, so a large undertaking.” https://dailymemphian.com/section/business/article/15081/orgel-pressed-ahead-with-32m-snuff-district-permit
  7. Finally, been waiting for this to be redeveloped for a long time. Carlisle announces plans for Nylon Net Building . https://www.bizjournals.com/memphis/news/2020/06/24/carlisle-submits-plans-for-nylon-net-building.html?iana=hpmvp_memp_news_headline "Carlisle LLC is poised to develop the historic Nylon Net property into as many as 210 apartments. " "The company will accomplish the density by putting five wood-framed stories above a two-level parking garage, Carlisle said. It plans to preserve the smokestack, the brick facade, and as much of the circa 1907 part of the building as possible. The five stories of apartments will form an M-shape around a large courtyard, as can be seen in the rendering below. The parking garage will occupy much of the street-level story, Carlisle said, because the building's position away from thoroughfares made ground-level retail or office largely unfeasible."
  8. Here are the two townhouse projects on Jefferson North of Poplar/ South of Madison that were in the news for neighbors outcry. I really like the way they turned out and hopefully see more infill like this. Love the mix of the old with some new in Midtown. And this is the site of the apartment complex under construction at Sam Cooper and East Parkway at the Overton Park entrance. Hard to get a good photo while driving but this is going to be a pretty large project lining both sides of Sam Cooper from East Parkway to Hollywood. This is the South side, which will completely cover the new homes in the background that were built in the last year or so. Think they turned out really well also.
  9. Got some pics of Midtown projects today Memphian Hotel in Overton Square Apartment project going up on Madison Ave across from the Cash Saver between Belvedere and Avalon And on Madison on the other side of Avalon across from Minglewood Hall that apartment project is coming out of the ground. Madison/McLean apartments
  10. I was hoping for taller but much better than a surface parking lot and warehouses. And they've turned out better than I pictured I think. Plus we're still waiting on the last space behind the hotel overlooking the river (will it still be office I wonder?). And I agree about the lot you're on and behind it (plus hopefully MLGW redevelopment at some point), if they're planning apartments/condos on these lots they'd need height for river views for places that would be so expensive. Hopefully the economy doesn't slow things down too much and we'll see a lot things over the next few years.
  11. I was curious how this was coming, hadn't seen anything lately. Had no idea it was this far along.
  12. Noticed this today, a report suggesting the MLGW HQ at Main and Beale be redeveloped into office/multifamily/hotel. Figured this would happen eventually...still nothing official and just part of a report/recommendation but encouraging. This would really activate street lift between Main/Beale and should be pretty tall on this spot. Downtown draft plan: Build vertical, include everyone, enforce standards, make it walkable https://dailymemphian.com/section/neighborhoodsdowntown/article/14721/downtown-draft-plan-mglw
  13. Apartments coming to Brookhaven Circle in East Memphis, behind the paywall. https://dailymemphian.com/subscriber/section/business/article/14134/brookhaven-lofts-livework-apartments-clark-tower "A three-story building of 16 apartments — four of them planned as “live/work” units — will rise under the shadow of Clark Tower in East Memphis. Dirt work already has started for Brookhaven Lofts, 728 Brookhaven Circle, which is in the exact middle of the street’s U-shaped curve." "The site is a short walk to not only Clark Tower, but Malco’s Paradiso movie theater, Whole Foods, Kroger, multiple restaurants, medical offices, yoga studios and all the other businesses that the Poplar Corridor in East Memphis has to offer."
  14. More apartments coming to Overton Square https://dailymemphian.com/subscriber/section/neighborhoodsmidtown/article/13633/old-rental-houses-next-to-overton-square-are-razed
  15. I think this will definitely affect hotel projects, not sure for how long as everything should eventually get back to normal. My biggest concern is the Loew's Hotel, not sure how far they were on financing but hopefully it does not stall too long (was supposed to break ground in the Spring, correct?). Luckily the convention center renovation is well under way and soon to be completed (same for the airport). Again like you said it will be a year or two before full long-term effects are known. I think most apartment projects should be fine as there seems to be a demand already there and many have already started or seem to be breaking ground soon. Regarding the article- I'd think Union Row would be ok since they seem to have financing in line and already started demo (at least with the apartments for now-- hotels I would put a bigger question mark on for the time being, same for the office portions). Same feeling with the Snuff District should be fine as it's mainly residential. As far as the other massive mixed use-- The Pinch, if I had to guess I would think that would delayed or shelved for a while, or possibly scaled down quite a bit, which is unfortunate. All we can do is wait it out and hope for the best.
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