Jump to content

Downtown Memphis News & Developments (CBD, South Main, Riverfront, Medical District, The Edge, Uptown)


bluff2085

Recommended Posts

5 hours ago, JTM1 said:

Baptist is quietly building a medical school campus that will rival UTHSC. 

I think you are being a bit optimistic there. Don’t get be wrong, it’s huge news they are opening a DO school, but the building they are going to use is a metal tin building. I wonder if there will be a research component to the osteopath school. Yo rival UTHSC, they would have to have that too. 

Link to comment
Share on other sites


22 hours ago, James Owen said:

They only own two or three buildings downtown, and haven't had much of a presence in the area since the old BMH hospital tower closed and was torn down years ago.

Speaking of UTHSC, they recently released an updated Master Plan that includes several new buildings being added over the course of the next decade: https://www.uthsc.edu/campus-master-plan/documents/campus-master-plan-2022.pdf

Pretty spiffy master plan. Wonder why they’re just now coming out with one? Maybe I missed it, but their short term goal should be to either tear down or renovate the high rise on Pauline and Madison. There was news of it some years back. The next goal should be to fill in the area where the old baptist hospital footprint used to be. 

Link to comment
Share on other sites

57 minutes ago, The Guardian of Memphis said:

Pretty spiffy master plan. Wonder why they’re just now coming out with one? Maybe I missed it, but their short term goal should be to either tear down or renovate the high rise on Pauline and Madison. There was news of it some years back. The next goal should be to fill in the area where the old baptist hospital footprint used to be. 

There had been plans to develop a research park on those grounds - none of which materialized outside of the Vivarium component. However, with the recent disbanding of the Memphis Bioworks Foundation last year, those efforts appear to be on hold for the foreseeable future, but may pick up again down the road once we see some further movement on what UTHSC is doing, what becomes of Regional One's campus in a few years, etc.

Link to comment
Share on other sites

2 hours ago, The Guardian of Memphis said:

Pretty spiffy master plan. Wonder why they’re just now coming out with one? Maybe I missed it, but their short term goal should be to either tear down or renovate the high rise on Pauline and Madison. There was news of it some years back. The next goal should be to fill in the area where the old baptist hospital footprint used to be. 

They come out with a new master plan every 5-10 years. This was just an overview. Some of the others are close to 200 pages. They looked at turning the vacant medical offices tower into a hotel, but then the next chancellor decided to tear it down and it’s supposed to be the site of the new college of medicine building. I wish it would get renovated into mixed use. New windows, do something with the sides, and put an awning on it, it would look pretty decent. 
 

https://www.uthsc.edu/campus-master-plan/documents/campus-master-plan.pdf

  • Like 1
Link to comment
Share on other sites

On 11/11/2022 at 7:30 PM, MDC26 said:

They come out with a new master plan every 5-10 years. This was just an overview. Some of the others are close to 200 pages. They looked at turning the vacant medical offices tower into a hotel, but then the next chancellor decided to tear it down and it’s supposed to be the site of the new college of medicine building. I wish it would get renovated into mixed use. New windows, do something with the sides, and put an awning on it, it would look pretty decent. 
 

https://www.uthsc.edu/campus-master-plan/documents/campus-master-plan.pdf

UTHSC has a good master plan. One thing I would love to see them add is a Culinary institution there are no Culinarily schools in downtown Memphis and it would help elevate them into the top 2O schools with this addition. The CA building is a prime candidate for such an institution. It’s proximity to main campus is very good and would give young aspiring chefs/ hospitality management students an excellent career path. 
 

eb756152-4fa9-41c0-b5ec-686317fe5778

Link to comment
Share on other sites

On 11/16/2022 at 9:19 PM, MDC26 said:

The rendering shows a "MARKET", who will be the tenants of this facility?

Link to comment
Share on other sites

  • 2 weeks later...

A local architect has filed 4 liens, totalling $575k, against Tom Intrator for projects at 316/324 S Front and 386 S Main.  

Currently Intrator has finished a frontage improvement project at 372 S Main, and has projects nearing completion at 18 S Main, and 107 S Main.  

I think this may be from taking on too much at one time in unsure economic times.  Intrator may be well off, but he's not a billionaire that's paying all these projects himself.  He's trying to get investors, and trying to get loans to finance these projects.  To get investors and loans, you have to have plans made up, and those plans cost money.  He should have had the capital to pay for said plans in the beginning.  Hopefully he can get the financing taken care of to pay the local architect, and get these two projects plus the Dream Hotel going.  If he can't get those done, then there's no chance he can get the Pinch project done.  

https://dailymemphian.com/subscriber/section/business/article/32634/unpaid-architect-patrick-macgruder-five-liens-against-intrator-downtown-property

Edited by MDC26
  • Like 1
Link to comment
Share on other sites

29 minutes ago, MDC26 said:

A local architect has filed 4 liens, totalling $575k, against Tom Intrator for projects at 316/324 S Front and 386 S Main.  

Currently Intrator has finished a frontage improvement project at 372 S Main, and has projects nearing completion at 18 S Main, and 107 S Main.  

I think this may be from taking on too much at one time in unsure economic times.  Intrator may be well off, but he's not a billionaire that's paying all these projects himself.  He's trying to get investors, and trying to get loans to finance these projects.  To get investors and loans, you have to have plans made up, and those plans cost money.  He should have had the capital to pay for said plans in the beginning.  Hopefully he can get the financing taken care of to pay the local architect, and get these two projects plus the Dream Hotel going.  If he can't get those done, then there's no chance he can get the Pinch project done.  

https://dailymemphian.com/subscriber/section/business/article/32634/unpaid-architect-patrick-macgruder-five-liens-against-intrator-downtown-property

This is disappointing news. Thought intrator was more equipped and prepared than this. This puts a huge question mark surrounding him and his ability to do a project like Dream. We shall see what happens 

  • Like 1
Link to comment
Share on other sites

20 minutes ago, Memphisborn said:

This is disappointing news. Thought intrator was more equipped and prepared than this. This puts a huge question mark surrounding him and his ability to do a project like Dream. We shall see what happens 

All these projects were initially planned before supply interest rates skyrocketed and inflation of building materials/supply chain issues.  Unfortunately, economic development across the country will take a hit, and will keep a lot of projects from happening, especially big projects.  

  • Like 2
Link to comment
Share on other sites

52 minutes ago, MDC26 said:

All these projects were initially planned before supply interest rates skyrocketed and inflation of building materials/supply chain issues.  Unfortunately, economic development across the country will take a hit, and will keep a lot of projects from happening, especially big projects.  

Inflation, supply chain issues, and rising interest rates have made every project that has not already broken ground more expensive to pursue at this point and it's being felt by investors the most, which is why you're seeing many developers - Intrator included - either push back the start date or significantly scale back some of their own plans.

Small-scale stuff like the Dream Hotel will still happen, but the more ambitious stuff like the redevelopment of the Pinch District will probably take more time to materialize once there is better stability when it comes to borrowing.

  • Like 2
Link to comment
Share on other sites

No it’s not a good look but I’d rather light a candle than curse the darkness. LOL. I don’t like the pile up of bills, but he does have other properties downtown than he is working on or worked on. This isn’t a Sidney Schlenker deal. He’s bought a lot of the pinch…we can’t expect everyone to be perfect. Let’s give this dude a chance for the dream hotel to come about. If it doesn’t then let’s throw stones.  If anything, we cannot let his pinch properties sit idle for years on end. If he can’t follow through on his plans, we must not settle for anything smaller height wise. Maybe the banks want to see if he can manage his smaller properties before he gets more loans. 

Edited by The Guardian of Memphis
  • Like 1
Link to comment
Share on other sites

  • 3 weeks later...
On 12/3/2022 at 9:17 AM, dxfret said:

Yet another in a long string of  failed development further tarnishes the city’s reputation.    Memphis seems to attract only questionable bottom fishers who lack the ability to make anything happen.  

You do realize there are still many decent size projects under construction that will get us through this period.  The more gets built the easier future developments are to happen.  We got this in Memphis.  Remember everything good is not vertical the city is rebuilding public parks, community centers, neighborhood centers etc.  So as a whole there is a lot of good development happening in Memphis that has been needed.

Mobility Center

20221221_085344.thumb.jpg.50277da636081d43f2090628a91e87ed.jpg

20221221_085326.thumb.jpg.2d0da5f1fa2bf46debba249c1196b218.jpg

20221221_085329.thumb.jpg.1d90f9987c3cc0d7bf2f12ade6a7653f.jpg

  • Like 3
Link to comment
Share on other sites

  • 2 weeks later...
1 hour ago, smeagolsfree said:

To be familiar with the project I found a rendering to post here of 7 Vance.

image.png.3e1d495d97db5e66eae5157b4cf86043.png

Although I wish the Nylon Net building could have been preserved, I think this will blend in with the area well.

Link to comment
Share on other sites

Just now, VSRJ said:

Although I wish the Nylon Net building could have been preserved, I think this will blend in with the area well.

The original intent was to preserve the base level and smoke stacks in some way before it was determined to be structurally impossible. It won't exactly be like what was once there, but close enough.

Link to comment
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.

×
×
  • 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.