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VSRJ

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Meh. This is a little underwhelming considering the historic homes that will be razed.

U of M seeks approval for 529-bed student apartment development

https://dailymemphian.com/section/neighborhoodseast-memphis/article/17315/u-of-m-seeks-approval-for-student-apartments-deloach

Quote

The University of Memphis seeks approval of a planned development to build six buildings for 135 student apartments, or 529 beds, plus a small commercial building. The linear development would stretch along Deloach from Poplar to Central.

uofm.JPG.26fb4464a38edce4783b38a1ab279361.JPG

 

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2 hours ago, VSRJ said:

Meh. This is a little underwhelming considering the historic homes that will be razed.

U of M seeks approval for 529-bed student apartment development

https://dailymemphian.com/section/neighborhoodseast-memphis/article/17315/u-of-m-seeks-approval-for-student-apartments-deloach

uofm.JPG.26fb4464a38edce4783b38a1ab279361.JPG

 

Yeah... though I'm happy to see the campus expand and add housing I was hoping for something better than this.  Looks like it fell out of the burbs.   

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4 hours ago, VSRJ said:

Meh. This is a little underwhelming considering the historic homes that will be razed.

U of M seeks approval for 529-bed student apartment development

https://dailymemphian.com/section/neighborhoodseast-memphis/article/17315/u-of-m-seeks-approval-for-student-apartments-deloach

uofm.JPG.26fb4464a38edce4783b38a1ab279361.JPG

 

Yeah, too bad they have to tear down some perfectly good houses.  Would have been nice if they could have used the empty land behind the pumping station instead.  

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  • 4 weeks later...

 

Some good news on this project — UofM is changing plans "significantly:" https://dailymemphian.com/section/business/article/17859/u-of-m-change-deloach-housing-the-central-plan

I'm all for improving and growing the campus and the greater University District, but this plan just ain't it...

On 10/7/2020 at 9:05 AM, VSRJ said:

Meh. This is a little underwhelming considering the historic homes that will be razed.

U of M seeks approval for 529-bed student apartment development

https://dailymemphian.com/section/neighborhoodseast-memphis/article/17315/u-of-m-seeks-approval-for-student-apartments-deloach

 

 

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  • 5 weeks later...

An update on the Deloach apartment complex pushback:

U of M plans less-dense housing on Deloach, apartments at Park campus

https://dailymemphian.com/section/metroeducation/article/18416/university-of-memphis-plans-to-build-housing-on-deloach

Quote

 

The University of Memphis got the message that dense-apartment development is not welcome on Deloach Street on the north end of campus.

Its plan now is to demolish the nearly dozen homes it owns on the street and build a much lower density mix of single-, two- and three-bedroom units for graduate students.

 

My issue wasn't so much the density as it was the architecture. The rendering looked like it could just as easily have been built in the suburbs. It will be interesting to see the revised plans for the stretch.

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On 10/7/2020 at 2:44 PM, MDC26 said:

Yeah, too bad they have to tear down some perfectly good houses.  Would have been nice if they could have used the empty land behind the pumping station instead.  

 

On 10/7/2020 at 10:05 AM, VSRJ said:

Meh. This is a little underwhelming considering the historic homes that will be razed.

U of M seeks approval for 529-bed student apartment development

https://dailymemphian.com/section/neighborhoodseast-memphis/article/17315/u-of-m-seeks-approval-for-student-apartments-deloach

uofm.JPG.26fb4464a38edce4783b38a1ab279361.JPG

 

That's criminal for the university to do... even more than a private developer. They are neighbors to that area of the city which IMHO is an absolutely beautiful residential area. 

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On 9/7/2020 at 11:06 AM, DRG901 said:

National search underway for developer for Racquet Club site.

From the Daily Memphian (subscription)-   9.3 acres of the site to is what is to be redeveloped with (hopefully) the idea to tie in the office towers/Brookhaven Circle etc into one large district.   2 acres closer to the Lexington Condos are being sold to those developers for more condos.

 

https://dailymemphian.com/subscriber/section/neighborhoodseast-memphis/article/16680/racquet-club-east-memphis-sanderlin-superblock

"The owners of the old Racquet Club property have retained JLL real estate brokerage firm to launch a national search for the kind of developer that will build an “extremely high-quality project.”

The vision for a “superblock” has been discussed several years for the area bounded by Poplar, Mendenhall, Sanderlin and White Station. The potential, Wohrman said, could be “transformative” and “catalytic” not just for the district but for Memphis.

The superblock vision is built on the realization that the block surrounding the Racquet Club already has nearly all the ingredients for a dynamic district.

The adjacent Clark and iBank towers hold, for Memphis, a massive amount of office activity. Dozens of restaurants are inside or on the edge of the block. The block hosts two substantial grocery stores, a Kroger and Whole Foods. And Malco’s Paradiso multi-screen movie theater anchors the entertainment.

Just east of the tennis club property, at the southwest corner of Sanderlin and White Station, are the Lexington’s 54 condo units. Lexington developers George Bryan and Michael Turley recently exercised an option to buy 2.3 acres of what had been a nearly 12-acre tennis club property. 

<strong>Demolition of the sprawling Racquet Club complex appeared more than halfway completed by Friday, Sept. 4.</strong> (Tom Bailey/Daily Memphian)

 

Carlisle-associated LLC purchases former Racquet Club land

 

Former Racquet Club property purchased by Carlisle-associated LLC - Memphis Business Journal (bizjournals.com)

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Another article on the Racquet Club site.  Definitely a site with a lot of potential.  Looking forward to seeing plans once more comes out.

'Mixed-use development of significant size and scale:' Carlisle talks Racquet Club purchase, vision

Chance Carlisle discusses purchasing Racquet Club of Memphis and plans for redevelopment. - Memphis Business Journal (bizjournals.com)

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  • 2 weeks later...

 

Hyde Foundation buys 15 acres on Walnut Grove for mixed-use development

Hyde Foundation buys 15 acres for mixed-use development by Derwin Sisnett and Nora Jendoubi - Memphis Business Journal (bizjournals.com)

"The Hyde Family Foundation recently purchased 15 acres near Benjamin L. Hooks Central Library to support a major commercial development.

Memphis-based Maslow Development Inc. is leading the project with Hyde's support. Maslow partners Derwin Sisnett and Nora Jendoubi said in a statement that they are working on a "school-centered, mixed-use development" for the 15 acres but are "very early in the design process."

The property, 3100 Walnut Grove Road, is currently vacant. Hyde spent $1.57 million on it to support "the continued civic revitalization of the Binghampton neighborhood — a neighborhood of focus for the Foundation," Hyde Family Foundation president Teresa Sloyan said."

Some of that vision can be seen on Maslow's website. The "Lighthouse Project" portion of the site describes a 15-acre, mixed-use development with a school, mixed-income housing, and workforce development opportunities. Hyde purchased the property under the entity Lighthouse Community Ecosystem LLC."

 

Link to website with some more info/renderings:

 

Lighthouse Project | Maslow Development Inc.

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  • 4 weeks later...

I like this design — it's modern but still retains some uniformity with the red brick found on most of the campus' buildings.

U of M unveils design for $41M STEM facility

https://www.bizjournals.com/memphis/news/2021/02/10/u-of-m-unveils-design-for-41m-stem-facility.html

12743-unitversityofmemphisstem-01.jpg

Quote

The 65,000-square-foot space will include a variety of large labs, and is intended to help recruit top faculty and students. The facility will mark the first new building for the engineering school in 50 years.

 

Edited by VSRJ
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Southeast Memphis- The Malco Majestic theater is sold and will be a $50 Million Entertainment Complex. This is a good report on it.

https://wreg.com/news/hickory-hill-malco-majestic-theater-to-be-sold-entertainment-complex-to-be-built-on-the-site/

Side Note. This is the 2nd development this week that have plans for Memphis to have filming  studios. 

Edited by TheKernel91
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On 4/17/2021 at 9:21 AM, TheKernel91 said:

Southeast Memphis- The Malco Majestic theater is sold and will be a $50 Million Entertainment Complex. This is a good report on it.

https://wreg.com/news/hickory-hill-malco-majestic-theater-to-be-sold-entertainment-complex-to-be-built-on-the-site/

Side Note. This is the 2nd development this week that have plans for Memphis to have filming  studios. 

Filming studios in Memphis would be a game changer for the economy.  There are lots of films that depict memphis and are not filmed here we have so many buildings of character and this city deserves some movie production.

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Big, mixed-use development, '35 Central' planned for Central at Highland - Memphis Local, Sports, Business & Food News | Daily Memphian

"A big, mixed-use development – hotel, apartments, office space and parking structure – is proposed for a prominent East Memphis property near the University of Memphis: The southeast corner of Central and Highland.

Called 35 Central, the project would rise on 2.5 acres where Third Church of Christ, Scientist, worshiped for years before selling the property last September."

"Proposed are a seven-story, 115-room hotel nearest the corner of Central and Highland, capped by a rooftop restaurant and bar."

"Immediately east of the hotel, the structure drops to six stories. A podium-style parking garage for 226 spaces will comprise the first two floors, up to 34,000 square feet of private office space and a courtyard are on the third level, and 75 apartments with 90 beds and a fourth-floor pool terrace comprise floors four through six."

<strong>Drawing shows what 35 Central would look like from Central Avenue.</strong> (Credit: ILS)

 

<strong>Aerial view of the existing property.</strong> (Credit: ILS)

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Lots of density coming to the University District over the next few years.

92-unit apartment development proposed for University District

https://dailymemphian.com/section/neighborhoods/article/22754/92-unit-apartment-development-proposed-for-university-district

Quote

 

A 92-unit student housing apartment development is proposed for 587-619 Houston St. in the University District, just south of the existing Gather Southern Apartments on Southern Avenue.

Applicant and property owner ZDC Properties of Boca Raton, Florida, doing business as Houston Street Properties LLC, submitted an application for numerous zoning variances from the Board of Adjustment.

 

Capture.JPG

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18 hours ago, VSRJ said:

Lots of density coming to the University District over the next few years.

92-unit apartment development proposed for University District

https://dailymemphian.com/section/neighborhoods/article/22754/92-unit-apartment-development-proposed-for-university-district

Capture.JPG

I really would like to see these apartments open to regular citizens instead of just student housing, there is a lack of descent housing in this area for regular citizens.  Its either country club, college, or the hood.  The university of memphis sits at a very interesting location in the city.

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53 minutes ago, Memphis4ever said:

I really would like to see these apartments open to regular citizens instead of just student housing, there is a lack of descent housing in this area for regular citizens.  Its either country club, college, or the hood.  The university of memphis sits at a very interesting location in the city.

It is.  This isn't the University doing it.  The article says the apartments will be "geared towards students and young professionals."

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On 6/5/2021 at 2:55 PM, DRG901 said:

Big, mixed-use development, '35 Central' planned for Central at Highland - Memphis Local, Sports, Business & Food News | Daily Memphian

"A big, mixed-use development – hotel, apartments, office space and parking structure – is proposed for a prominent East Memphis property near the University of Memphis: The southeast corner of Central and Highland.

Called 35 Central, the project would rise on 2.5 acres where Third Church of Christ, Scientist, worshiped for years before selling the property last September."

"Proposed are a seven-story, 115-room hotel nearest the corner of Central and Highland, capped by a rooftop restaurant and bar."

"Immediately east of the hotel, the structure drops to six stories. A podium-style parking garage for 226 spaces will comprise the first two floors, up to 34,000 square feet of private office space and a courtyard are on the third level, and 75 apartments with 90 beds and a fourth-floor pool terrace comprise floors four through six."

<strong>Drawing shows what 35 Central would look like from Central Avenue.</strong> (Credit: ILS)

 

<strong>Aerial view of the existing property.</strong> (Credit: ILS)


Planning board approves big development near U of M - Memphis Local, Sports, Business & Food News | Daily Memphian

Rendering:

 

<strong>Rendering for&nbsp;&ldquo;35 Central,&rdquo; at the southeast corner of Central and Highland.</strong> (Credit: Fleming Architects)

 

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On 7/1/2021 at 12:09 PM, MDC26 said:

It is.  This isn't the University doing it.  The article says the apartments will be "geared towards students and young professionals."

Most of those apartments require you to be a student.  Maybe these will be different but the last 5 sets were not and they are not owned by the U of M.

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  • 3 weeks later...

Wouldn't it have been great if they had chosen a building downtown?

Memphis gaining sixth Fortune 1000 company

https://dailymemphian.com/section/business/article/23131/memphis-gaining-sixth-fortune-1000-company-sylvamo

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Memphis will become headquarters to six of the biggest corporate revenue producers once Sylvamo Corp. completes its spinoff from International Paper.

“First Horizon had $3.39 billion in revenue” last year, making it No. 686, the president of the EDGE Board said in a phone interview.

 “Sylvamo projects to have $3.3 billion.”

The other five based in Memphis: FedEx is No. 45; International Paper is No. 141; AutoZone is No. 238; and Terminix Global Holdings is No. 923.

 

image.png.3f1568bf3082402fa8009be85427a483.png

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Clark Tower has sold - it'll be interesting to see what improvements the new owners have planned:

Clark Tower purchased by local company, Cicada Capital Partners

https://www.bizjournals.com/memphis/news/2021/08/02/clark-tower-purchased-by-local-company.html

Quote

The Clark Tower has been acquired by local real estate investment and management company Cicada Capital Partners (CCP), in partnership with the Miami-based Eightfold Real Estate Capital LP.

 

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