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Old September 23rd, 2015, 11:25 PM   #1
mattec
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MEMPHIS | One Beale | 140m | 88m | 30 fl | 18 fl | App

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Old April 13th, 2016, 02:00 AM   #2
mattec
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http://www.commercialappeal.com/busi....html?d=mobile

Quote:
Developers of the high-profile One Beale project have put a hotel tower on hold and are focusing instead on plans for an office building that could house six to eight companies.

Carlisle Corp. vice president Chance Carlisle provided an update Monday on the project, saying in an interview that plans are firm for the earlier proposed 30-story apartment tower while the office building's size is still undetermined.

One Beale originally was to include a pair of iconic riverfront high rises housing a luxury hotel and upscale apartments atop a parking garage placed primarily underground, giving the project a commanding presence on the city skyline.

The high cost of that idea led developers late last year to consider spreading out expenses by adding a third high rise for offices. Under the plan Carlisle outlined Monday, designers would shelve the 22-story hotel, put a bigger but less costly garage on a nearby parking lot and hone in on what could turn out to be a six-story office building. It would be the first opened Downtown in about a decade.

Plans for the $100-million-plus project at the foot of Beale Street unfolded as ServiceMaster Global Holdings separately launched a search for a new headquarters campus. Carlisle declined to comment about ServiceMaster and One Beale. The home services company is considering relocating from East Memphis, where it employs about 2,200 workers in four buildings covering about 360,000 square feet, and perhaps moving to another state.
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