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Old October 31st, 2012, 09:15 PM   #341
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Medical projects highlight construction activity along Union Avenue
Memphis Business Journal


Quote:
When crowds gathered in November of 2006 to see the 900,000-square-foot Baptist Central Hospital demolished, it was clear the Memphis Medical Center was at the beginning of a long road of reconstruction. In the six years since that demolition, the landscape of the Medical Center has seen significant changes. This year, several large construction projects have begun, exciting medical center advocates and frustrating Union Avenue commuters.
http://www.bizjournals.com/memphis/p...highlight.html

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Old October 31st, 2012, 09:16 PM   #342
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It's always a breath of fresh air to see coverage of the booming Memphis Medical Center, but this article seems to say that the small phase 3 building (of 6) is somehow the start & finish of the UT-Baptist Research Park which they call the UT-Bioworks... Although, it appears from their website that the plans have been altered from 3 more additional buildings with one being around 18-20 stories to (4) buildings that are 6-8 stories.

Here are some renderings from their site listed as the Memphis Bioworks Innovation Center. I'd imagine that no major moves will be visible with the former Holiday Inn/ future Hyatt brand until more of this development is completed and driving up demand for a hotel next to it. Also, these buildings seem to sit on top of the low profile building currently u\c. Its' roof seems to look like the elevated lawn in between 2 of the buildings with surface level atriums and/ or breeze-ways.

http://www.utbaptistresearchpark.com
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Old October 31st, 2012, 09:17 PM   #343
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Historic Soulsville neighborhood blossoming once again
Memphis Daily News


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The arrows and painted portraits of Stax and Hi Records legends on the concrete walls of the underpass are showing some wear. And in a way, they look better as the brighter colors fade and blend with the walls. Soulsville is part of the northern end of South Memphis, where the line that separated black and white began in the Memphis of an earlier time. It’s where the line was enforced. And it is where it crumbled with a profound cultural impact. These days, Soulsville is a set of projects, some across the street from each other with others a block away in a part of South Memphis with a heavy concentration of history, poverty, ambition and creativity spanning generations and fainter racial lines.
http://www.memphisdailynews.com/news...t/22/soul-map/

(Photos: Lance Murphey)
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Old October 31st, 2012, 09:17 PM   #344
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Nike confirms Memphis expansions
Memphis Business Journal


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A week after it received a 15-year tax abatements for a $301 million expansion, Nike Inc. officially announced its plans for the facility, which is expected to be completed in 2014. In a statement, Nike called the facility a “centralized, multi-product engine for wholesale and retail distribution, supporting Nike’s long-term business growth in North America.”
http://www.bizjournals.com/memphis/n...xpansions.html

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Old October 31st, 2012, 09:18 PM   #345
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Group buys Hotel Chisca
The Commercial Appeal


Quote:
The acquisition clears the first hurdle in a $20 million to $24 million redevelopment that's conditionally approved for $3 million in public incentives. Plans call for the eight-story structure to be converted into 150 to 195 apartments and street-level retail including a tribute to its place in Memphis music history... Developers have said the project would cost about $20 million, including $17 million in private investment, if the 99-year-old original building is only redeveloped. Expanding the work to include a 1960s era motor court addition would push the total to $24 million, including $21 million private. The City Council has committed $2 million to blight remediation on the project, and the Downtown Parking Authority would spend another $1 million to buy and renovate a parking garage that serves the site. The public incentives are contingent on various conditions being met, starting with property acquisition.
http://www.commercialappeal.com/news...artner=popular

Photo by Dave Dannell
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Old October 31st, 2012, 09:18 PM   #346
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The FedEx Forum's fortunes are sealed.

Pera officially becomes Grizzlies owner with closing of $377 million deal
The Commercial Appeal


Quote:
Pera has recruited a wide range of investors to join his bid, including local businessmen such as AutoZone founder J.R. "Pitt" Hyde, investments manager Staley Cates, financier Duncan Williams, investor Edward Dobbs and cellphone tower developer Billy Orgel. Performer Justin Timberlake, who has Shelby County roots; Memphis native Ashley Manning and her husband Peyton Manning, the NFL and former University of Tennessee quarterback; Tiger basketball legends Penny Hardaway and Elliot Perry; and former Congressman Harold Ford Jr. are also part of Pera's ownership group.

Pera also agreed to a three-pronged proposal of safeguards that essentially binds the team in Memphis for another 15 years.
http://www.commercialappeal.com/news...artner=popular

Photo-illustration by John Sale/The Commercial Appeal
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Old October 31st, 2012, 09:19 PM   #347
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International Paper seeks incentives to expand its corporate headquarters in Memphis
The Commercial Appeal


Quote:
The officials who spoke on the condition of anonymity because they were not authorized to discuss the deal, said the paper giant is seeking a 30-year property tax break on a new building it would construct in Memphis. In addition to retaining the more than 2,000 jobs in Memphis the project would bring another 100 high-paying jobs to the city. The company recently acquired Temple-Inland, a competitor based in Austin, Texas, and is working to merge the corporate staff of both companies.
http://www.commercialappeal.com/news...D=happeningnow

Photo by A. J. Wolfe
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Old November 23rd, 2012, 09:30 PM   #348
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Memphis trolleys lead nation in light-rail passenger growth
The Commercial Appeal


Quote:
In all, passenger levels on the trolley system rose 23.1 percent during fiscal 2012, which ended June 30, going from 1.09 million in 2011 to 1.34 million. That annual total was by far the largest in the 19-year history of the trolley system, exceeding the previous record of 1.15 million set in 2010.
http://www.commercialappeal.com/news...in-light-rail/
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Old November 23rd, 2012, 09:31 PM   #349
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State Leaders Address Lamar Congestion
Memphis Daily News


Quote:
Creating interchanges along the city’s major freight corridor to replace intersections will probably end up being a $1 billion project for the state, Schroer said. And half of that estimate is in right-of-way acquisition.
http://www.memphisdailynews.com/news...ar-congestion/

(Daily News File Photo: Lance Murphey)
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Old November 23rd, 2012, 09:32 PM   #350
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Memphis among the U.S. city centers making comeback
Memphis Daily News


Quote:
And after previous decades of decline, the residential population in Downtown Memphis increased as well, growing by 7 percent to reach approximately 22,000 residents in 2010, according to the latest metrics compiled by the Downtown Memphis Commission.

The area is primed for more growth on the horizon, say commission officials.

“There is much happening in the South Main District – such as the ArtSpace project, the Chisca Hotel redevelopment, three apartment projects, more locally owned businesses – which is pointing to more residential and small-business growth,” said Leslie Gower, vice president of marketing and communications for the Downtown Memphis Commission. “We’ve definitely seen an uptick in apartment rentals and are at about 92 percent occupancy in Downtown rental space, with a growing need for more.”
http://www.memphisdailynews.com/news...wntown-rising/

(Daily News File Photo: Lance Murphey)
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Old November 23rd, 2012, 09:32 PM   #351
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Big plans move forward as Overton Park turns 111
Memphis Daily News


http://www.memphisdailynews.com/news...ng-with-grace/

(Photos: Lance Murphey)
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Old November 23rd, 2012, 09:33 PM   #352
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UT plans building program for its Memphis campus
The Commercial Appeal


Quote:
The University of Tennessee board of trustees has approved more than $120 million in major building improvements at UT Health Science Center in Memphis over the next five years but the projects are contingent on state funding.
http://www.commercialappeal.com/news...emphis-campus/
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Old November 23rd, 2012, 09:33 PM   #353
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New Le Bonheur entrance heralds official completion of campus expansion
Memphis Business Journal


Quote:
Le Bonheur Children’s Hospital today announced the opening of a new public entrance at 848 Adams Ave., signaling the official completion of the hospital’s 255-bed tower. The $340 million project was awarded LEED Silver certification in May, making it just the fifth children’s hospital in the country to be LEED-certified. Millions of dollars in interior renovations have also been completed in the older part of the hospital, which is now used to house medical professionals for research, administration and specialties.
http://www.bizjournals.com/memphis/n...e-heralds.html

Photo: MBJ
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Old November 23rd, 2012, 09:34 PM   #354
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Completion of Veterans Parkway paves way for industrial development in Millington
The Commercial Appeal


Quote:
The five-lane, three-mile road — which is scheduled to officially open later this month — connects U.S. 51 and Paul Barret Parkway at Raleigh-Millington Road and opens up long-sought access to 300 acres of land prime for industrial development... Millington and Shelby County officials are excited about the business opportunities the new parkway will bring to the region. For years, industries have been interested in the land, but passed it over due to the lack of access. The new Veterans Parkway splits the coveted area of the business park, which is now immediately surrounded by highways, railways and runways. Officials also plan to connect the parkway with the proposed Interstate 69. The newly split land is part of the West Tennessee Regional Business Center, which is on 1,900 acres of land and includes an airport. Millington inherited the land when the Navy downsized its local installation in the 1990s.
http://www.commercialappeal.com/news...es-way-for-in/
----------------------------------------------------------------------------------------------------------------------------
http://www.veteransparkwaymillington.com



http://www.veteransparkwaymillington.com
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Old November 23rd, 2012, 09:36 PM   #355
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So, IP would like to leave International Place as is with the 3 symmetrical towers and build their new tower on the undeveloped lot just to the east behind the former Cozymels restaurant. The tower would include a skywalk to International Place then another from Int'l Place to the west into restaurants & shopping. Sounds like a very nice project for beautiful East Memphis which already has a couple other rumblings of soon to be proposed/ developed prime class A office space.

Officials: IP seeks 15-year tax breaks, including on airplanes
The Commercial Appeal


Quote:
The Fortune 500 company is considering having a fourth office tower built next door and just east of its headquarters at 6400 Poplar, County Commissioner Mike Ritz said Tuesday. The site is on vacant land across International Place Drive and behind Backyard Burger and the closed Cozymel's restaurant. An "Available" sign posted there states the property of mid-size trees has 425,000 "buildable" square feet and could accommodate a 150-foot-tall building... IP also would like to build two skywalk connectors, one to the new building on the east side of its headquarters complex and the other crossing Massey to restaurants and a strip shopping center on the west side, Ritz said. The 235,000- to 250,000-square-foot building plus connectors would cost about $100 million.
http://www.commercialappeal.com/news...aks-including/
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Old November 23rd, 2012, 09:37 PM   #356
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Baptist plans to move $84.8 million cancer center to Humphreys Center
The Commercial Appeal


Quote:
Baptist Memorial Health Care Corp. wants to move its proposed $84.8 million Baptist Center for Cancer Care to the building that houses The Shops of Humphreys Center and wants a $14 million expansion of its emergency department at Baptist Memorial Hospital for Women. The cancer center was originally planned for two adjacent sites at 1238 and 1280 South Germantown Parkway.
http://www.commercialappeal.com/news...cancer-center/
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Old November 23rd, 2012, 09:37 PM   #357
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State approves expansions at Methodist University and The Med
The Commercial Appeal


Quote:
Methodist University Hospital and the Regional Medical Center at Memphis received state approval Wednesday for multi-million-dollar projects that will bring even more construction activity to the Memphis Medical Center. Methodist Le Bonheur Healthcare will begin site preparation in March for a $33.5 million expansion of its emergency department at Midtown's Methodist University Hospital... Plans call for 93,000 square feet of new space and 6,200 square feet of renovated space... The expanded emergency department is part of Methodist's master plan for the Midtown campus, which includes a new patient tower in the future, Spiegel said, without divulging further details

The state also approved The Med's request Wednesday for a $30 million project to build on three unfinished floors of the hospital's Turner Tower on Madison and for a $2.4 million expansion of the Elvis Presley Memorial Trauma Center... The Med's Adams Building... is targeted for future demolition and for the site of a replacement hospital facility priced somewhere between $400 million and $450 million.
http://www.commercialappeal.com/news...odist-and-the/

Photo by Courtesy Methodist Le Bonheur
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Old November 23rd, 2012, 09:39 PM   #358
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Methodist's Olive Branch hospital halfway done
The Commercial Appeal


Quote:
Construction costs of the building were projected at $64.6 million in Methodist's 2009 application to build the project, with a total cost of the project ringing in at more than $137 million... A University of Memphis study said the hospital's construction would have a $1.3 billion economic impact on the area.
http://www.commercialappeal.com/news...-halfway-done/

Photo by Stan Carroll
[IMG]https://encrypted-tbn0.************/images?q=tbn:ANd9GcRr8CGQrYqonL-irGLbPmT-2lDYC6hnzS1AjGSoOzjBDVtLfLMX[/IMG]
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Old November 23rd, 2012, 09:39 PM   #359
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Finally, the Liberty Bowl Memorial Stadium will be ADA compliant and will retain its' 60,000+ seat status. It has been an incredible year or 2 for the Liberty Bowl and just seems to keep getting better. This will allow even more advancement on the fairgrounds redevelopment project... Did I speak too soon? Last I checked, the Liberty Bowl seating was at 62,000 after renovation & upgrades. This would put it at 60,300. Pretty close, but it doesn't matter if it dips into 59k. The place is restored & sparkling compared to years past.

Settlement Reached for Liberty Bowl ADA Compliance
abc24.com


Quote:
MEMPHIS, TN (abc24.com) - Memphis and the federal government have reached a settlement to make the Liberty Bowl compliant with the Americans with Disabilities Act. The price tag: $12 million... To make the changes around 1,700 seats will be lost, far less than the 10,000 seats originally estimated under the Herenton administration. Also under projection is the cost, originally estimated at $40 million.
http://www.abc24.com/mostpopular/sto...liNVPjPdQ.cspx
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Old November 23rd, 2012, 09:40 PM   #360
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TripAdvisor names Memphis No. 2 ‘destination on the rise’
Memphis Business Journal


Quote:
Memphis is one of the America’s top 10 “Destinations on the Rise,” according to a ranking by travel website TripAdvisor. The rankings are based on destinations that have received the most positive traveler feedback and interest year-over-year. Memphis was ranked No. 2 on the list behind Austin, Texas.
http://www.bizjournals.com/memphis/n...phis-no-2.html

Photo: MBJ
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