Jump to content

VSRJ

Loews Hotel | 21 stories, 500 rooms

Recommended Posts

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.

 

Share this post


Link to post
Share on other sites


We have movement!

Memphis, Loews sign development agreement for new convention center hotel

https://dailymemphian.com/section/business/article/8082/memphis-loews-sign-development-agreement-for-

The City of Memphis and Loews Hotels have signed a development agreement for a $220 million hotel on Civic Center Plaza, funded in part by public incentives.

  • Like 3
  • Thanks 1

Share this post


Link to post
Share on other sites

So now exactly what will happen to 100 North Main?  Will it, along with the Sterrick Building, continue to sit empty and deteriorating?  Something absolutely  has got to be done with both of those huge eyesores.  Otherwise the redevelopment of that part of downtown will be seriously hampered. 

  • Like 1

Share this post


Link to post
Share on other sites
14 hours ago, dxfret said:

So now exactly what will happen to 100 North Main?  Will it, along with the Sterrick Building, continue to sit empty and deteriorating?  Something absolutely  has got to be done with both of those huge eyesores.  Otherwise the redevelopment of that part of downtown will be seriously hampered. 

quite opposite, actually these huge developments around the building will make them more viable to developers.

Share this post


Link to post
Share on other sites

I'd rather focus on bringing the Sterick back to life — it's such a stunningly beautiful building. 100 N. Main, on the other hand, is a mostly forgettable sore thumb. It's a shame that it's Memphis' tallest. Unless a developer was able to re-skin it, I wouldn't be upset if it were imploded.

  • Like 2

Share this post


Link to post
Share on other sites

Enlarged Loews Hotel plan submitted for approval

https://dailymemphian.com/section/business/article/8646/enlarged-loews-hotel-plan-submitted-for-approval

Quote

 

The enlarged plan now comprises 2.6 acres, much of which is on Civic Plaza. The hotel tower will have about 500 rooms, a restaurant, food and beverage areas, a pool and observation deck and other amenities, the application states.

The application from developers Loews Hotel and Co. and Pacific Companies states that using the civic space – now with fountains and benches – as a hotel will be a more productive use and “will accelerate growth and revitalization in the downtown area by supporting local tourism and improving the surrounding streetscape.”

The historic old police station at the northwest corner of Second and Adams will be rehabbed to become part of the hotel project, the city documents state. NCE Realty and Capital Group had purchased the building from the city a few years ago, but recently sold it to the hotel developers.

 

Capture.JPG.3a11c65b14e7693885878b70f955b6cd.JPG

Edited by VSRJ
  • Like 4

Share this post


Link to post
Share on other sites

Another step forward!

Loews' 30-year PILOT, parking agreement approved

https://www.bizjournals.com/memphis/news/2019/11/20/loews-30-year-pilot-parking-agreement-approved.html

Quote

 

Loews notched a local tax break as it continues to move forward in its plans to build a $240 million, 500-room convention center hotel on the Main Street Mall Downtown.

The Center City Revenue Finance Corp. (CCRFC), an affiliate board of the Downtown Memphis Commission (DMC), approved a 30-year PILOT (payment-in-lieu-of-taxes) incentive on Tuesday, Nov. 19, for Loews Hotels Holding Corp.

Over the 30 years, the PILOT would be worth more than $45 million to the developers. Due to its longer-than-normal length, the incentive will require state approval.

 

 

  • Like 3

Share this post


Link to post
Share on other sites

Wait... so their lawsuit is 'nobody else should ever be allowed to open a business similar to ours 'cuz they might be better than us'... ?????  Why would the even bother wasting their money and the court's time with such BS?

  • Like 2

Share this post


Link to post
Share on other sites

It's not even that nice-looking of a hotel, from the outside at least. It's a giant block of concrete. I know they did some renovations on the inside not too long ago, but they should refocus on updating the exterior to match the forthcoming aesthetic of the convention center renovations.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.