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

[Memphis4ever]

19 hours ago, MDC26 said:

Was originally going to have 12 apartments with retail and keep the facade of the old building.  Now, will be completely demolished and only 7 apartments, still with retail.  Original design looked much better.  

I actually like this new design

[DRG901]

21 hours ago, MDC26 said:

Looks great.  At least one more hotel would be good, but here's not a lot of places for another hotel.  The best spot is on Madison across from the Milk factory where the Affordable Van lot was would be a good spot.   However, it was announced recently that there will be new apartments with ground floor retail going there.  The empty lot back behind Chipotle on Union  is supposed to be 16-unit Overton Flats.  

That is actually complete or very close to it.

And I would love to see the dairy plant redeveloped at some point. 

[DRG901]

City prepares to sell huge property in heart of Midtown

The city is starting to take request for proposals next month to redevelop the police precint on Union between McLean and Cooper.   Info behind the Daily Memphian paywall.

https://dailymemphian.com/subscriber/section/business/article/16139/city-prepares-to-sell-huge-property-in-heart-of

"The site features frontage along Union that stretches more than 100 yards between Jack Morris Auto Glass on the east and a SunTrust bank branch on the west.

The site is deep, extending a block south to Linden Avenue. The back of the property fronts Linden between Idlewild Elementary and an apartment building.

The asymmetrical boundaries also extend west. Another drive accesses Barksdale Street four houses behind the SunTrust branch.

The city plans to issue a request for proposals as early as September, then allow developers 90 days to respond and get their financing in order, Antonio Adams said. He is General Services division director for the city."

The city will commission a market-value appraisal and does not plan to simply accept the highest bid for the property, which has a tax appraisal totaling $2.7 million. 

“We’ll take into consideration, when we award it, the highest and best use, not necessarily going to take the highest price,” Adams said.

City officials want the winning bid to be consistent with long-range plans for Midtown and the surrounding neighborhood, he said.

Interest has been high. Commercial real estate brokers have been inquiring about the property with Adams’ office once or twice a month for a couple of years, he said.

The property is big enough for a restaurant or two fronting Union and perhaps apartments, a hotel or some other use on the back side, Massey said."

Massey believes city officials have already indicated informally that they think the highest and best use for the property is a mixed-use project.

“That’s what their Memphis 3.0 plan says,” he said, referring to the city’s latest long-range plan to guide development.

“Apartments are definitely going to be a part of it. It is just how you deal with the front.”

 

[Memphis4ever]

Another shot of Overton Square hotel from rear parking garage

[DRG901]

Viaduct building could become mixed-use development

https://dailymemphian.com/section/neighborhoodsmidtown/article/16445/viaduct-building-could-become-mixed-use

 

"Developers propose converting a long-vacant, five-story office building that lords over the Poplar Viaduct into a mixed-use building of 37 apartments and ground-floor office and retail space.

The building at 2701 Union Extended last housed the local ABC-TV affiliate, WPTY-TV Channel 24."

"All the units will be have one bedroom and range from 651 square feet to 842 square feet.

The building is a good spot for apartments because of its proximity to nearby colleges and office buildings, including the Lipscomb and Pitts Building across Union Extended, Zaki said."

 

 

[VSRJ]

More great adaptive reuse!

[DRG901]

18 hours ago, VSRJ said:

More great adaptive reuse!

If this pans out I really hope it leads to some type of redevelopment of the 2 older office buildings West of here on Poplar towards Hollywood.   Both need some TLC, I've noticed they both are also listed for sale together with tenants on yearly leases I believe.   I live around the area and always thought all these would be perfect for some type of mixed-use development.

[DRG901]

 

Madison @ McLean

 

 

1544 Madison-  directly across from Minglewood Hall

Edited August 30, 2020 by DRG901

[VSRJ]

I drove past Madison @ McLean last week -- it's a sharp-looking building. Great density.

[DRG901]

On 3/18/2020 at 11:24 AM, VSRJ said:

I think this design will fit well into the Broad District:

Broad Avenue’s water tower apartments head to changed EDGE

https://dailymemphian.com/section/business/article/11738/edge-board-moves-shortens-march-meeting

 

Work on this is starting.  

https://dailymemphian.com/section/businessreal-estate/article/17118/broad-avenue-arts-district-link-apartments

[DRG901]

On 6/3/2020 at 7:58 AM, James Owen said:

This planned infill development is located a block west of Overton Square and right across from the dairy plant on Madison.

New apartments, retail proposed next to Overton Square

By Tom Bailey, The Daily Memphian

https://dailymemphian.com/section/neighborhoodsmidtown/article/14565/new-apartments-retail-proposed-next-to-overton

Building 1 facing Madison Avenue at Diana Street (Rendering courtesy of Archimania)

Building 2 facing South Morrison Street (Rendering courtesy of Archimania)

Site plan (Image courtesy of Archimania)

 

I noticed today the site of the building on Madison is fenced off with construction equipment on it so this should be starting soon.

[DRG901]

Kroger has sold a huge piece of land (17 acres) that they have owned for a while, with no plans to do anything with it (except a fuel center which is across from their existing store).   This was at one time set to be a huge mixed use development and at one point was supposed to include a Target pre 2008 recession-  sorry I can't remember all the details but hopefully this sees some movement this time around.  At the time of the past proposals Crosstown down the street was still vacant.   If done right this could be a huge project and really connect the Cleveland corridor in that part of Midtown.

https://dailymemphian.com/section/neighborhoodsmidtown/article/17706/kroger-sells-vacant-washington-bottoms-land

 

 

"WSG had filed plans 12 years ago with the city for a 28-acre redevelopment featuring a walkable “urban village” of upscale housing, retail, office space, hotel and restaurants. The company borrowed $14 million through Lehman Brothers Holdings.

But the Great Recession killed the project."

 

[VSRJ]

This is such a prime spot of real estate. Hopefully we see movement soon. I'm not sure what lasting effects covid will have on Memphis in the next 10 years, but surely there's enough demand to warrant a mixed-use development.

[DRG901]

2 hours ago, VSRJ said:

This could be interesting. That's such an underutilized corner.

Memphis developer looks to build 350 apartments, retail, office space in Cooper-Young

https://www.commercialappeal.com/story/money/business/development/2020/10/30/midtown-memphis-development-cooper-young-apartments/6091717002/

From the MBJ article, it appears this is the property owned by the developers:

https://www.bizjournals.com/memphis/news/2020/10/30/clayton-frank-kemker-cooper-central-development.html

Nice!   I remember rumors of a huge project at this site 5-6 years ago but wasn't expecting any announcement soon after so much time, especially in the uncertainty of 2020.. will be interesting to see what happens.

[VSRJ]

Additional Central Yards Details, Renderings and Site Plan:

Central Yards: 6-, 7-story buildings planned

https://dailymemphian.com/section/neighborhoodsmidtown/article/17839/central-yards-plan-includes-6-7-story-buildings-planned-parking

Quote

 

The Central Yards proposal for Cooper-Young would be a “destination community,” comprising seven buildings ranging from four to seven stories, green space, rooftop amenities and a pool, according to documents filed with the Land Use Control Board.

The two parking structures would be topped with four or three levels of apartments, making one building six stories and the other seven.

Clayton Kemker and his father Frank Kemker propose the mixed-use planned development of more than 350 apartment units and 57,000 square feet of retail/flex space on 5.5 acres, an unusually large real estate project for Midtown.

 

More coverage from MBJ: https://www.bizjournals.com/memphis/news/2020/11/02/cooper-central-filing-includes-additional-details.html

The corner of Cooper and York is dedicated green space which developer Clayton Kemker has said should activate Cooper across from Memphis Made Brewery. (Credit: Fleming Architects)

Illustration shows how Central Yards would appear looking west from Central at Cooper. The foreground structure is the existing, 111-year-old Andrews Building that now houses Lululemon. (Credit: Fleming Architects)

Central Yards Site Plan

Rendering looks south from Central. The buildings on the left are existing and are not part of the proposal. (Credit: Fleming Architects)

Rendering shows what Central Yards would look like looking west from Cooper at York. (Credit: Fleming Architects)

 

[VSRJ]

Good news — lots of these older apartment towers could use a refresh.

Out-of-state investors plan major renovation for Midtown apartment building

https://www.bizjournals.com/memphis/news/2020/11/09/minnesota-investors-rosecrest-renovations.html

"Three Minnesota investors are ready to put $4M-5M into updating the 10-story apartment building they bought in Midtown Memphis."

[VSRJ]

This is looking good and adds some nice density to OS:

Square’s Memphian Hotel may open in April

https://dailymemphian.com/section/neighborhoodsmidtown/article/18143/overton-square-hotel-memphian-hotel-to-open-april

Quote

 

The latest projection for when Overton Square’s Memphian Hotel will open is “around April 1.”

That’s the estimate of LPI Memphis president Bob Loeb, who met late last week with the hotel’s general manager and sales manager.

Most of the façade appears to be completed for the seven-story building at 21 S. Cooper St.

 

 

[Memphis4ever]

Entertainment venue coming to fairgrounds..  Bowling venue on its way to Memphis' Liberty Park (commercialappeal.com)

 

[TheKernel91]

17 hours ago, Memphis4ever said:

Entertainment venue coming to fairgrounds..  Bowling venue on its way to Memphis' Liberty Park (commercialappeal.com)

 

I'm glad to see some Entertainment like this coming back to the middle of the city. I would like for downtown to get a Andretti. Check out the one in Dallas

[DRG901]

On 11/2/2020 at 1:08 PM, VSRJ said:

Additional Central Yards Details, Renderings and Site Plan:

Central Yards: 6-, 7-story buildings planned

https://dailymemphian.com/section/neighborhoodsmidtown/article/17839/central-yards-plan-includes-6-7-story-buildings-planned-parking

More coverage from MBJ: https://www.bizjournals.com/memphis/news/2020/11/02/cooper-central-filing-includes-additional-details.html

The corner of Cooper and York is dedicated green space which developer Clayton Kemker has said should activate Cooper across from Memphis Made Brewery. (Credit: Fleming Architects)

Illustration shows how Central Yards would appear looking west from Central at Cooper. The foreground structure is the existing, 111-year-old Andrews Building that now houses Lululemon. (Credit: Fleming Architects)

Central Yards Site Plan

Rendering looks south from Central. The buildings on the left are existing and are not part of the proposal. (Credit: Fleming Architects)

Rendering shows what Central Yards would look like looking west from Cooper at York. (Credit: Fleming Architects)

 

 

Central Yards has cleared its first hurdle:

"The planning board voted 9-0 with one recusal on Thursday, Dec. 10, to support what is, by Midtown standards, a huge development: 348 apartments, 615 parking spaces, and 53,000 square feet of commercial space.

The proposed Central Yards mixed-use development next goes to the City Council with a strong recommendation for approval by the Land Use Control Board."

 

Planning board supports Central Yards project - Memphis Local, Sports, Business & Food News | Daily Memphian

[JTM1]

I look forward to seeing this going vertical. 

[DRG901]

 

 

Commercial space, townhouses planned for Cooper-Young

By Tom Bailey, Daily Memphian--Commercial space, townhouses planned for Cooper-Young - Memphis Local, Sports, Business & Food News | Daily Memphian

 

 

"Cooper-Young’s north edge has attracted plans for yet another mixed-use development, this time for about 4,500 square feet of retail at 2197 Central Ave. with five townhouses behind.

City Construction & Development LLC has filed an application for a zoning variance with the Board of Adjustment for the one-acre site at the southeast corner of Central Avenue and Meda Street.

The developer has a contract to buy the building that houses Party Concepts, which will move within six months of the completion of the property sale."

 

 

“It’s becoming more of a walkable area with Railgarten and Urban Outfitters and Lululemon and Aldo’s Pizza and the (Memphis Made) brewery,” Thomas said.

The conceptual site plan filed with the Board of Adjustment shows a 4,500-square-foot commercial space near the sidewalk of Central and Meda with most of the 36 parking spaces behind the building.

South of that parking lot is a row of five, attached townhouses facing Meda. Each townhouse will be 2,000 to 2,100 square feet and likely will be two stories, Thomas said. The units will be built to be sold, not rented, he said."

 

 

 

What will be demolished fronting Central

 

 

Site plan:

 

Edited December 29, 2020 by DRG901

[VSRJ]

Nice infill! Hopefully this trend of development continues for CY.

[Memphis4ever]

Hotel Memphian Looking nice

[VSRJ]

^ I had my doubts, but I'm pleased. It really makes an impressive impact as you're driving toward OS.