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New Tom Lee Park Design Unveiled

https://www.bizjournals.com/memphis/news/2019/02/02/first-look-new-tom-lee-park-design.html

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Memphis residents are getting their first chance to see what their riverfront can become.

The major modifications to the Memphis riverfront was revealed Friday, Feb. 1, as the Memphis River Parks Partnership held a grand opening of the Tom Lee Park Engagement Center at Beale Street Landing.

The engagement center hosted a large architectural model, renderings, animations, and virtual reality walkthroughs of the future Tom Lee Park.

The opening coincided with the start of Black History Month; the park is named after Lee, an African-American river worker who saved the lives of more than 30 passengers of the sinking steamboat M.E. Norman, which overturned in 1925 near Memphis.

Tom Lee Park is a popular location for walkers, joggers, rollerbladers, and cyclists and hosts events throughout the year, including the Beale Street Music Festival that kicks off Memphis in May.

Carol Coletta, president and CEO of the Memphis River Parks Partnership, said the organization has spent more than $100,000 making sure it can continue to satisfy the needs of Memphis in May, including the legions of teams that come out for the World Championship Barbecue Cooking Contest in May.

“After hearing from more than 4,000 residents and visitors and learning from more than 100 years of riverfront planning, we’re thrilled to share a design that Memphians can call theirs,” Coletta said. “Not only will the park host major civic celebrations and festivals, it will be a crossroads for all of Memphis.”

The redesign of Tom Lee Park has been led by Chicago-based architecture and urban design practice Studio Gang, in collaboration with New York-based landscape architecture and urban design studio SCAPE. Local students from Douglass High School and through the nonprofit Knowledge Quest served as embedded designers through the Youth Design Leadership Program.

 

 

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Blue Monkey developers to start mixed-use project

https://dailymemphian.com/section/business/article/3221/Blue-Monkey-developers-to-start-mixed-use-project

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Construction may soon start Downtown on a three-story, mixed-use building with a ground-floor deli restaurant and four apartments above.

The $1.6 million building will rise at 529 S. Front next to the Blue Monkey, according to a building permit application filed this week.

The site is 0.6 acres at the vacant, northwest corner of Front and G.E. Patterson.

The same partners who own both the Downtown and Midtown Blue Monkey restaurant/bar locations will be majority owners in the mixed-use building.

Each of the three floors will be 2,600 square feet, with the first floor to be occupied by a yet-to-be-named deli in the front and a commercial kitchen in the back, said one of the partners, Michael Johnson.

The top two floors will each have two apartments of about 1,250 square feet each.

 

 

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On 2/25/2019 at 1:01 PM, VSRJ said:

THANK YOU! This was such a ridiculous lawsuit. Hopefully it's smooth sailing from here for the much-needed development.

Chancellor throws out Sheraton lawsuit against City of Memphis

https://www.bizjournals.com/memphis/news/2019/02/25/chancellor-throws-out-sheraton-lawsuit-against.html

I never understood why they would even sue to keep the Loews hotel project from happening. If the owners of the Sheraton are that concerned about competition, they should put their money where their mouths are and actually invest in making substantial improvements to their hotel property.

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$47M renovation planned for Downtown Doubletree, will become four-star hotel

https://www.bizjournals.com/memphis/news/2019/03/05/47m-renovation-planned-for-downtown-doubletree.html

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Investors are planning to redevelop Downtown's DoubleTree by Hilton hotel.

Ohio-based Continental Hospitality Group and Memphis-based Wright Investments are applying for a 15-year PILOT (payment-in-lieu-of-taxes) for the project from the Downtown Memphis Commission's (DMC) Center City Revenue Finance Corp. The hotel is located at 185 Union Ave.

The project would have a development budget of $47 million. The firms plan to renovate the 280-room, limited-service hotel into a full-service, four-star hotel, according to the DMC staff report.

"The upgraded hotel, meeting spaces, and food and beverage offerings will improve the offerings to these users," the staff report said. "The improvements to the public realm brought by the planned new construction and exterior changes achieve DMC’s goal of ensuring that all four corners at this intersection are highest and best use."

According to staff report, the proposed building will be 192,000 square feet along with a 69,000-square-foot parking deck. The project is conservatively estimated to generate $13 million in incremental taxes to state, local, and municipal entities over the 15-year PILOT period.

The redevelopment of the property will include relocation of the main entrance to B.B. King Boulevard, a new hotel drop zone along B.B. King, a new or relocated front desk and lobby area, upgraded atrium area, relocated lounge and kitchen on the main floor, an enhanced or reconfigured banquet kitchen, new flexible space along Union Avenue, a renovated ballroom, expanded meeting space, renovated guest rooms, upgraded guest bathrooms, exterior enhancements, and elevator upgrades.

 

 

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Edited by VSRJ
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  • 2 weeks later...
1 hour ago, Dale said:

Is 100 N Main moving along ? Haven’t heard anything for awhile.

Nothing as of late (that I'm aware of). The focus seems to be on getting the Loews hotel off the ground: https://www.bizjournals.com/memphis/news/2019/03/14/bill-extending-deadline-for-downtown-loews-clears.html

Edited by VSRJ
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Another step taken for One Beale's riverview hotel

https://dailymemphian.com/article/4155/Another-step-taken-for-One-Beales-riverview-hotel

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Foundation work may start soon on One Beale’s nine-story hotel that will offer drinks and food with a river view.

The Hyatt Centric will provide amenities to Memphians and out-of-town guests alike, developer Chance Carlisle said Monday.

A permit application, estimating the foundation work will cost $1.9 million, was filed late last week by 33 Beale Street Hotel Company LLC, the joint entity formed by Hyatt Hotels and developer Carlisle LLC.

The Hyatt Centric is estimated to cost $70 million to $75 million to build.

 

Additional info from the architect (HBG): http://www.hbginc.com/projects/on-the-boards/hyatt-centric-hotel-at-one-beale/#.XKI4_phKiUk

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Construction begins on new Shelby County Health Department headquarters

https://dailymemphian.com/section/businessreal-estate/article/4125/Construction-begins-on-new-Shelby-County-Health-Department-headquarters

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Construction has begun on a new $25 million Shelby County Health Department headquarters. 

The new facility is at the corner of Jefferson Avenue and North Manassas Street and keeps the same address, 814 Jefferson. Once construction of the new building is complete, the old buildings will be torn down and a new parking lot will be added. 

Discussions about the new headquarters began several years ago after a study on the current site recommended building a new facility instead of renovating the current one. One building was constructed during the 1950s and the other in the 1970s.

 

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