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Midtown Memphis News & Developments (Cooper Young, Overton Sq., Orange Mound, Fairgrounds, Crosstown, Broad)

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More mixed use!

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Retail added to [email protected] apartment building

https://www.dailymemphian.com/section/business/article/1485/Retail-added-to-MadisonMcLean-apartment-building
 

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Developers revealed Monday that the [email protected] apartments under construction in Midtown will include ground-floor retail space.

That change of plans likely will be welcomed news to New Urbanism proponents who believe a mixed-use building will make the sidewalks in the heart of Midtown a livelier, more appealing place.

Developers Makowsky Ringel Greenberg (MRG) distributed a press release noting that construction has begun on the $14 million, 108-unit apartment building.

The four-story, 132,477-square-foot building designed by Fleming Architects is expected to be completed sometime in the last three months of 2019. It will rise across McLean from The Gilmore, another building with commercial spaces on the ground floor and apartments above.

 

 

 

 

Edited by VSRJ
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These turned out very nice.

Cooper Young apartments almost done; developers prep second project

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https://www.bizjournals.com/memphis/news/2019/02/13/see-inside-cooper-young-apartments-almost-done.html

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With multiple high-profile apartment developments underway across Midtown, the 25-unit one in Cooper Young will be the first to finish.

Located at 999 S. Cooper St., the building follows the recent micro-unit trend; each of its apartments contains about 550 square feet. Chad Fischer, one of the developers, said his team will be setting up a model unit soon to show potential residents how they can fit all the necessary furniture inside the space.

"College dorm rooms aren’t this big, and two people live in those," Fischer said. "My idea of people who would live here are bartenders [nearby] or a lot of people that already live [in Cooper Young] looking to get out of an [old home]."

Property Solutions Group is managing the property. Fischer said they will first try to rent the three units that open onto Cooper as professional office space. If there's no demand, though, he said they'll pivot to renting them as apartments.

The apartments will rent for about $1,200 per month, he said.

 

Here's a rendering of the second complex the developers are planning:

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Planning board endorses Art Lofts across from Overton Park

https://www.dailymemphian.com/article/3090/Planning-board-endorses-Art-Lofts-across-from-Overton-Park

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The city’s planning board unanimously endorsed the proposed six-story, 111-unit Art Lofts apartments across Poplar Avenue from Overton Park.

The Land Use Control Board forwarded the $18 million planned development to the City Council with its 9-0 backing after hearing about multiple compromises developer Vince Smith made in response to neighbors.

Art Lofts would front Poplar between Tucker and Rembert and require the demolition of two, 90-year-old buildings most recently used by the Memphis College of Art, which closes next year.

 

 

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The area around the Liberty Bowl, and the Liberty down itself, is in dire need of sprucing up. But traffic on Hollywood is an absolute nightmare on game days.  I can see those apartments being very frustrating to live in 8-10 Saturdays a year.  Might be worthwhile to make Hollywood one way North from Southern to Central.

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I'm not crazy about the suburban design and layout, but it's not terrible...

$15 million permit filed to build apartments on empty lots near Overton Park

e999ee6c-9518-4a6a-b0d8-d3671e0f40cd-MRG.thumb.jpg.3a9efb8cf36d9ee0e7057006d0e4c4f7.jpg

https://www.commercialappeal.com/story/money/business/development/2019/03/04/memphis-apartments-overton-park-memphis-development-makowsky-ringel-greenberg/3054300002/

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After developers received a $6.3 million tax incentive last summer, a $15 million permit was filed Friday to begin work on a 176-unit apartment complex.

Real estate development company Makowsky Ringel Greenberg is behind the $22.2 million project.

According to an application for a payment-in-lieu-of-taxes (PILOT) incentive approved in June, MRG plans to build two three-story buildings and 10 two-story town houses with one- and two-bedroom units on either side of Sam Cooper at East Parkway.

The apartments will have open floor plans and 9-foot ceilings. Average rent for the units will be $1,258, with one-bedrooms costing as low as $1,050 and two-bedroom town houses stretching as high as $1,725.

 

 

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I wish people in this city weren't so opposed to anything different/unique.

Planning board approves tall townhouses in Midtown

https://dailymemphian.com/article/3747/Planning-board-approves-tall-townhouses-in-Midtown

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The Land Use Control board approved a proposal to build more tall townhouses in Midtown Memphis, with the chairman said the tired block at 2115 Jefferson needs new investment. Many neighbors opposed the long, three-story building, arguing it dwarfs adjacent bungalows.

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On 3/7/2019 at 11:36 AM, VSRJ said:

I'm not crazy about the suburban design and layout, but it's not terrible...

$15 million permit filed to build apartments on empty lots near Overton Park

e999ee6c-9518-4a6a-b0d8-d3671e0f40cd-MRG.thumb.jpg.3a9efb8cf36d9ee0e7057006d0e4c4f7.jpg

https://www.commercialappeal.com/story/money/business/development/2019/03/04/memphis-apartments-overton-park-memphis-development-makowsky-ringel-greenberg/3054300002/

 

Look, our city and the majority of its people are infamously poor, but this is, in fact, plum beggarly. How dare we stoop so for such pitiful favor! ("A man/building is better than no man/building at all" seems a shameful and deleterious transgression.)

With what bona fide and [fine] early 20th-century  architecture---and truly [urban] bones---that Memphis has managed to save from both fools and famine, this is wholly disgusting.

And we have no reason to be generous either. The design is tedious and rife and provides precisely nothing of aesthetic value to the [beautiful] neighborhood or to the [beautiful] park. 

It. Is. Ugly.

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This is turning out to be a really nice development. I love that they were able to reuse the former hotel.

See inside: The Citizen in Midtown is ready to welcome its first residents

https://www.bizjournals.com/memphis/news/2019/03/29/see-inside-the-citizen-in-midtown-is-ready-to.html

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Over the next few days, the first handful of residents are set to move into The Citizen, Belz Enterprises' long-anticipated mixed-use development at the corner of Union Avenue and McLean Boulevard.

The residents will be moving into the former Artisan Hotel, the renovation of which should be completed in a week. Construction of a new mixed-use building next door is set to continue until July. About 100 units are located in the old hotel, and 75 will be located in the new building — above roughly 10,000 square feet of retail, Belz's vice president of development Adam Groveman said.

Exactly 32 leases were signed as of Wednesday, March 27, said Nicole Collett, who is leading property manager RAM Partners LLC's Citizen team. The units are leasing for more than $1.80 per square foot, with monthly rents ranging from $1,055 for the smallest one-bedroom unit to between $1,880 and $2,100 for a two-bedroom unit. For comparison, most new Downtown apartments are renting for about $1.60 per square foot, and Thornwood's units are renting for about $2.00 per square foot.

 

 

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I have mixed feelings about razing a nearly century old building, but I appreciate that the new design will partially emulate the original.

Developer proposes new mixed-use building next to Snowden School in Midtown

https://dailymemphian.com/article/4670/Developer-proposes-new-mixed-use-building-next-to-Snowden-School-in-Midtown

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Capture.JPG.07c2fa36bac190fa68daee948919a234.JPG

 

Edited by VSRJ

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On 4/24/2019 at 12:44 PM, VSRJ said:

I have mixed feelings about razing a nearly century old building, but I appreciate that the new design will partially emulate the original.

Developer proposes new mixed-use building next to Snowden School in Midtown

https://dailymemphian.com/article/4670/Developer-proposes-new-mixed-use-building-next-to-Snowden-School-in-Midtown

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I agree on both counts.

WW

 

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Mixed-use building coming to Cooper in Midtown

https://dailymemphian.com/article/5648/Mixed-use-building-coming-to-Cooper-in-Midtown

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Construction is to start soon in Midtown on a three-story building with glassy commercial space on the ground floor and six studio apartments above.

The 5,490-square-foot building will rise on what is now a vacant lot on the southwest corner of Cooper and Linden.

“We will start construction very soon,” said Barry Maynard of Loeb Realty Group. “We’ve got a last-quarter (2019) delivery.”

Real stucco – not the synthetic type – will cover most of the exterior of the top two floors, he said.

Tax consultant and developer Taylor Caruthers bought the property in 2017, removed the old E.C. Baggott Sheet Metal Works building and neighboring house, and is redeveloping the site with the help of Maynard and Frank Dyer III of Loeb Realty Group.

Archimania has designed the building, which features a lot of glass on the first floor. The ground floor is likely to house a restaurant or office tenant, Maynard said Friday.

The top two floors will each have three apartments of about 600 square feet each.

The site is immediately south of the CVS pharmacy at the corner of Union and Cooper. It also anchors the northeast corner of the Idlewild Historic District, which is sandwiched between Overton Square to the north and Cooper-Young to the south.

 

 

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UPDATE: New Overton Square Hotel Renderings:

https://dailymemphian.com/article/5706/Memphian-Hotel-in-Overton-Square-gets-a-more-timeless-look

This looks much better:

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Overton Square hotel project moves forward

https://www.bizjournals.com/memphis/news/2019/06/18/16m-permit-filed-for-overton-square-hotel.html

Original rendering:

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Plans for a new hotel in Overton Square just took a step forward.

A building permit valued at $16 million was filed June 17 for the new construction of a seven-story hotel at 21 S. Cooper. In 2017, Memphis-based Loeb Properties Inc. announced its plans to build a hotel that would be located on the surface lot adjacent to the Square’s parking garage.

At the time, the hotel was projected to cost about $24 million, include 109 rooms, and be part of Marriott International Inc.’s Tribute Portfolio. The owner and tenant on the June permit were listed as “The Memphian Hotel LLC.” Previous renderings showcased the name “The Memphian” on an awning.

Montgomery Martin Contractors LLC was listed as the contractor; Burns Engineering was the engineer; and Renaissance Group Inc. was the architect. The project will be codeveloped by LRC2 Properties and MMI Hotel Group.

 

 

Edited by VSRJ
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218 residences that will include 45 senior  living units, 150 apartments, 23 two-story townhomes, and 4,500 sq. ft. of retail are planned for the former Tillman Cove apartments site on 8.2 acres in the Binghampton neighborhood.  Elmington Capital Group out of Nashville will be the developer.  Should get underway by 2020.

https://www.bizjournals.com/nashville/news/2019/07/09/nashville-developer-wins-bid-for-memphis-mixed-use.html?iana=hpmvp_nsh_news_headline

 

Screen Shot 2019-07-09 at 9.14.11 AM.png

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On 6/18/2019 at 11:02 AM, VSRJ said:

UPDATE: New Overton Square Hotel Renderings:

https://dailymemphian.com/article/5706/Memphian-Hotel-in-Overton-Square-gets-a-more-timeless-look

This looks much better:

image.png.bf0d24dae601081b093addc68aa3a330.png

image.thumb.png.967c0fd09e25388ed750aeae184f1a1a.png

 

Overton Square hotel project moves forward

https://www.bizjournals.com/memphis/news/2019/06/18/16m-permit-filed-for-overton-square-hotel.html

Original rendering:

b426d62b-8e41-4aa3-9b46-c3a40669ef3a.thumb.jpg.b7b34f532cc172119b0a3f256b21e27f.jpg

 

 

Agree fully that the updated rendering suggests a vastly more attractive future building than the original image.

 

 

 

On 7/9/2019 at 9:20 AM, markhollin said:

218 residences that will include 45 senior  living units, 150 apartments, 23 two-story townhomes, and 4,500 sq. ft. of retail are planned for the former Tillman Cove apartments site on 8.2 acres in the Binghampton neighborhood.  Elmington Capital Group out of Nashville will be the developer.  Should get underway by 2020.

https://www.bizjournals.com/nashville/news/2019/07/09/nashville-developer-wins-bid-for-memphis-mixed-use.html?iana=hpmvp_nsh_news_headline

 

Screen Shot 2019-07-09 at 9.14.11 AM.png

 

 

ECG does  good work. I like the mixture of uses. It does seem it might not be as fully urban in its form and function (as I would prefer) but this should be a very quality project.

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8 hours ago, East Side Urbanite said:

I'm not sure what to think about the design, VSRJ. I like it on the one hand but strongly dislike on the other.

 

 

I like it because the design is modern and progressive yet still grounded. It's subtle, I think. I like a little bit of contrast in architectural styles in older neighborhoods. But I understand the polarizing response it's received.

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Thank you for sharing these updates! It's great to see some of these less buzzworthy (but still interesting and important) projects taking shape!

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More adaptive reuse!

Local investor proposes $12M redevelopment of prominent Midtown building

https://www.bizjournals.com/memphis/news/2019/12/05/local-investor-proposes-12m-redevelopment-of.html

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The prominent marble office building at 1750 Madison Ave. could soon be converted into apartments above ground-floor retail.

Amin Zaki, who has worked on a variety of Midtown multifamily projects, is seeking a $1.9 million PILOT (payment-in-lieu-of-taxes) to redevelop the 1974 building and build small apartment buildings beside it. Including a $3.2 million purchase of the property, Zaki intends to spend $12.4 million on the project, according to his application for the incentive.

Between the 52 units being placed in the existing building and the two new buildings, the development would hold 74 apartments.

 

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