Local nonprofit to redevelop Downtown buildings into multi-use art hubs
MVP3 Foundation plans to turn four Downtown properties into artistic hubs, ranging from music to culinary arts.
Sophia Surrett
There are 699 articles by Sophia Surrett :
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June 2024
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Real EstateInked: United Warehouse buildings for sale, Poplar Towers sold for $10M
The United Warehouse property is for sale, the Poplar Towers office building is being sold and a Dollar General Market is opening on Bellevue Boulevard.
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Business Hooters shutters locations nationwide as inflation rises
The Hooters at 7535 Winchester Road could be a victim of the chain’s national closures.
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Real Estate Memphis building solar panels so wastewater plant may pay for itself
The City of Memphis will build a $25 million 21-acre solar photovoltaic system and emergency battery storage backup adjacent to the T.E. Maxson Wastewater Treatment Facility.
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BusinessXAI will not seek local tax incentives; could build its own gray water plant
A person familiar with the matter told The Daily Memphian that xAI will not pursue tax incentives for the supercomputer it’s building in Memphis.
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Real EstateFood Files: Raising Cane’s Chicken coming; Cookie Plug, Groovy Gratitude open
Another Raising Cane’s is coming to Memphis, plus hip-hop-inspired cookie franchise Cookie Plug and smoothie shop Groovy Gratitude are now open.
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Real Estate Make-A-Wish Mid-South receives more than $100K from local fundraiser
At the end of the golf tournament, a wish is granted and this year’s wish went to a 12-year-old girl from Bradford, Arkansas.
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Neighborhoods Next-to-last phase of $187M Foote Homes redevelopment is complete
The development involves transforming the 712-unit Foote Homes into a mixed-income neighborhood with 393 replacement units, 126 mid-range affordable units and 193 market-rate units.
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Real Estate Highland Strip college bar closed but will reopen
Ubee’s on Highland has closed but the owners plan to reopen at another location, most likely in the suburbs.
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BusinessBehind the Musk deal: the largest economic investment in Memphis history
“The vision that (Elon Musk) shared, knowing that vision includes Memphis in the winning equation, that for me was a goose bump moment,” Greater Memphis Chamber President and CEO Ted Townsend said.
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Real Estate Orange Mound Tower $40M redevelopment entering design phase
Co-owned by Black nonprofit organizations Tone Memphis and Unapologetic, the mixed-use development project has begun its design and schematic phases with construction to soon follow in late 2024 or early 2025.
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BusinessExclusive: Other Musk companies could consider Memphis; supercomputer will use 100K Nvidia chips
A source who spoke with The Daily Memphian exclusively on Thursday shed light on why the company chose Memphis, including the city’s ample land at fair prices.
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Food NewsFood Files: Zinnie’s closing is temporary, but SupperClub closing is permanent
Zinnie’s is closing temporarily to renovate inside and update the menu. But SupperClub on 2nd is closing for good, and Lucy J’s Bakery in Crosstown Concourse is cutting its hours.
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Food News Bob’s Barksdale temporarily closes due to fire
Owner Beth Henry said the restaurant means so much to her because it was her late husband’s place, and the workers and patrons have grown to be family.
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Real EstateInked: Bath & Body Works coming to East Memphis; Woodspring Suites sold
Plus, Gloss Nail Bar signs final lease, fully booking a Germantown shopping center.
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Real EstateDMC’s ‘last resort’ in its toolkit is blight lawsuits
The Downtown Memphis Commission’s anti-blight committee files lawsuits against blighted properties in Memphis that are inhabitable. The DMC said the litigation is the effective, but “last resort.”
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May 2024
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BusinessMemphis ranks No. 1 in advanced-industry job growth among peer cities
The report uses data from 2019 to 2021 to compare Memphis to peer cities using 31 indicators in three categories: economic foundation and stability, economic enablers for growth and economic outcomes.
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Real EstateFood Files: Frank Grisanti’s has closed
Also: Memphis’ first Waldo’s Chicken and Beer is now open and Plant Based Heat Express is making some changes at its Downtown location.
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Real EstateInked: Office building sold for $1M, retail center sold for $950K
Collierville office building sold for $1 million, a Memphis retail center sold for $950,000 and Germantown Center has a new tenant.
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Real EstateFood Files: Chick-fil-A Uptown construction, new Villa Castrioti, more
Chick-fil-A Uptown construction is moving forward, Villa Castrioti is expanding to Nashville, JamRack is now open and Belltower Coffee is serving food at Shelby Farms Park and introducing a membership program.
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Real Estate Luxury hotel planned near FedExForum
A new mixed-use luxury hotel development has been proposed, including a 191-room hotel, a 65-unit condominium, a restaurant/bar, retail space and a parking garage.
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Real Estate 100 N. Main contractor seeks help on project
Ohio-based Cleveland Construction co-hosted an outreach event at the Springhill Suites Downtown Wednesday, May 22, to find subcontractors for Memphis’ tallest tower.
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Real Estate The Oliver to begin leasing this summer
The 210-unit apartment building is phase one for the $100 million development planned by Carlisle Corp.
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Real EstateInked: Diving program, medical training school relocate
Easy Divers Memphis is leaving Walnut Knoll for another Cordova location, and Professional Allied Health moves to Raleigh.
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Real EstateApril home sales in Memphis area up from last year
“Huge increase in April sales from last year,” said Memphis Area Association of Realtors President Scott Bettis in the report. “There was also a sizable jump from March, and we’re now up more than 10% in sales for the calendar year.”
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