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Old October 13th, 2009, 05:33 AM   #21
Johnny Ryall
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U.S. News -10 Hard-Hit Housing Markets That Are Ready to Rebound
After slumping, home prices in these 10 cities are expected to rise over the next three to five years



#4. Memphis: Home prices in Memphis fell 23 percent from their peaks through the first quarter of 2009. John Moore, the president and chief executive of the Greater Memphis Chamber, says that the area's exposure to subprime loans—although limited to several specific areas—played a key role in this decline. More recently, however, foreclosures linked to subprime mortgages have dropped, and investors have scooped up distressed properties at steep discounts, he says. In addition to its pleasant quality of life, Memphis's position as an important transportation hub will keep its economy humming and housing demand strong, Moore says. "We have the largest cargo airport in the world," he says. "We are the third-largest trucking corridor, fourth-largest inland port, and on top of that we are one of only three cities in the [United States] that is served by the five class-one railroads." In addition, Moore says that Memphis's low cost of living and strong healthcare system have made it a popular destination for retirees. Moody's Economy.com projects that home prices in Memphis will rise about 9 percent by the first quarter of 2012 and 24 percent by the first quarter of 2014.
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Old October 14th, 2009, 09:08 PM   #22
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Wow, It's great to see so much investment in central Memphis!
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Old October 15th, 2009, 05:58 PM   #23
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Hanzhengjie Street to Host a Tourism & Shopping Festival

  On September 19, Hanzhengjie Street will host the first tourism & shopping festival. Tu Guoxi, Chief of the Administrative Committee of the Street, is going to push forward the second start of the marketplaces with over a hundred years of history. A couple of years ago, Hanzhengjie Street launched its own brand building strategy by improving the quality of shops and businesses. The street tries to seek the balance of needs of branded commodities and actual purchasing power of local citizens. This is exactly what Tu and his co-workers seek.
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Old January 3rd, 2010, 08:31 AM   #24
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The Memphis Medical Center is conjoined with Downtown to the east & north and is included with the "Central Business District". Several rather large projects are currently underway.
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Old January 3rd, 2010, 08:32 AM   #25
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The Edge at Monroe, $4,000,000
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Old January 3rd, 2010, 08:33 AM   #26
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Here's Methodist University Hospital where Steve Jobs of Apple got his liver transplant.
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Old January 3rd, 2010, 08:34 AM   #27
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Baptist Central implosion to make way for UT-Baptist Research Park
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Old January 3rd, 2010, 08:34 AM   #28
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University of Tennessee-Baptist Research Park, (U/C) $450,000,000
Space: 1.4 million square feet of laboratory, research, education and business space
First phase: Regional Biocontainment Laboratory (completed)
Second phase: UT College of Pharmacy, scheduled completion in summer 2010

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Old January 3rd, 2010, 08:35 AM   #29
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Le Bonheur Children's Medical Center, (U/C) $327,000,000
Scheduled completion: 2010
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Old January 3rd, 2010, 08:39 AM   #30
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HARRAH'S HOPE LODGE, $8,000,000
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Old January 3rd, 2010, 08:41 AM   #31
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SOUTHWEST COMMUNITY COLLEGE NURSING, NATURAL SCIENCES, AND BIOTECHNOLOGY BUILDING, $16,000,000
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Old January 3rd, 2010, 08:43 AM   #32
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St. Jude Children's Research Hospital, $1,000,000,000 Expansion ($500,000,000 completed)

Memphis Grizzlies House @ St. Jude, $10,000,000


St. Jude (Chili's Care Center)

Radiological Science Space Renovation $15,000,000
Now under construction, Completion: 2nd Quarter 2010
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Old January 3rd, 2010, 08:48 AM   #33
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VA Hospital $90,000,000 Completed
Description: Replacement of hospital bed tower and seismic upgrades including a new skin on building
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Old January 3rd, 2010, 08:52 AM   #34
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Bristol Apartments on Union Ave., $20,000,000
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Old January 3rd, 2010, 08:54 AM   #35
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MERI Works to Become World-Renowned Training Facility
TOM WILEMON | The Daily News

The reach of the Medical Education and Research Institute expands far beyond the former post office it occupies on Cleveland Avenue. The largest surgical training center in the country using donor bodies, MERI has taught new procedures in the past year to more than 9,500 physicians from the United States and abroad. Their visits and other business generated by MERI will bring an estimated $54 million into the Memphis economy, said Elizabeth Ostric, the institute’s executive director.

Solid financial support for MERI has helped keep Memphis at the forefront of medical innovations since the training center opened in the old post office in 1994. Its primary benefactors are Baptist Memorial Health Care, Methodist Le Bonheur Healthcare and Semmes Murphey Neurologic and Spine Institute. During the past year, MERI has raised about $1.7 million. The institute began a $10 million capital fund drive about two years ago, but has since changed its fundraising strategy to make it a continuing annual effort. “We have been given a lot of different (types of) donations,” Ostric said. “Some have been cash so we could finance the refurbishment of this building and make for more lab space so that we could actually train more students.” Companies have also loaned training equipment, such as a da Vinci robotic surgical system and an O-arm, a system manufactured by Medtronic Inc. that allows simultaneous multidimensional monitoring during surgical procedures. “Our vision is to be the leading hands-on medical education and training institute in the world,” Ostric said. “It’s important to keep that new technology coming all the time.”

Last year, MERI spent $700,000 to expand its 27,000-square-foot facility with another 2,000 square feet. This year, it purchased an adjacent building at 1381 Madison for $800,000. The city of Memphis within the past month approved plans to reroute an alley between MERI and the adjacent building so a parking lot can be expanded and gated. “What we will eventually do is we will knock down that building,” Ostric said. “As donations and tuition permit, we will actually expand our teaching facilities there.”

Full Article: http://memphisdailynews.com/editoria....aspx?id=46712
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Old January 3rd, 2010, 09:02 AM   #36
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Memphis Mental Health Institute, $26,800,000
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Old January 3rd, 2010, 09:03 AM   #37
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UT Hamilton Eye Institute, $11,000,000
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Old January 3rd, 2010, 09:05 AM   #38
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Madison 19, $2,500,000
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Old January 3rd, 2010, 09:07 AM   #39
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UT Health Science Center Cancer Research Center, $21,000,000
101,000-sf, four-story medical sciences research facility for the University of Tennessee College of Medicine. The new facility, to include laboratory and office space for 36 reasearchers and their support staff, in-house conferencing and library rooms, and meeting space.

Research Center Next On UTHSC Building Agenda
TOM WILEMON | The Daily News


OPEN SITE: The translational research building for the University of Tennessee Health Science Center will be built on a vacant lot south of the Cancer Research Center and linked to that building with an elevated walkway. -- PHOTO BY TOM WILEMON

A center where scientists from different fields of medical research can share ideas toward common goals will be the next new building slated for construction on the University of Tennessee Health Science Center campus. The university on Thursday will ask the Tennessee State Building Commission’s blessing to proceed with the $49 million translational research building project on a vacant lot at the northwest corner of Union Avenue and Manassas Street. Construction could begin as early as next year. “In relatively short order, we hope we have the proverbial green light to move forward with that project,” said Kennard Brown, UTHSC executive vice chancellor and chief of staff.

Next in line
UTHSC received the blessing last year from the University of Tennessee Board of Trustees to fund the project with state bonds. Trustees also approved using bond money for a new clinical building, which will be next in the construction lineup. The buildings will be the second and third projects following the $49.6 million College of Pharmacy, which is already under construction. In total, UTHSC’s goal is to invest between $160 million and $200 million in campus upgrades as part of a five-year plan. The translational research building will be connected by an elevated walkway to the Cancer Research Building, which opened in 2007. “What we want to do is kind of model it after the Cancer Research Building,” Brown said. “It will be kind of thematically designed, where we’re not going to put a particular department of basic scientists in there. We’re going to build it around three major research themes: cardiovascular and neurological diseases and then some infectious diseases. We will have science investigators from departments like physiology, pharmacology and from the department of medicine. It’s not going to be one particular unit of investigators in there. It will be a multidisciplinary open laboratory shared space.” In the cancer research building, interested collaborative efforts under this model have included dentists working with pathologists on oral cancer investigations, Brown said. The five-year plan calls for adding another 100,000 square feet of research space. “To recruit world-class scientists to come to Memphis to research cardiovascular disease or do neurological research, you need those kinds of facilities that people can practice their craft in,” Brown said. “For a basic scientist, it doesn’t matter how much compensation you offer them. The first question they have is, ‘Where’s my laboratory?’ For people to do world-class research, you really need state-of-the-art world-class facilities.”

More changes
With the new clinical building, the campus will see a dramatic increase in clinical space going from 5,000 square feet to 150,000 square feet. The university’s plan is to put the new clinical building at the southeast corner of Dunlap Street and Union behind the Scottish Rite of Freemasons building. The university is seeking to acquire property related to this project. Some old buildings on campus will be demolished to make room for the changes, including the Beale, Randolph and Feurt buildings. “Randolph at the corner of Madison and Manassas is basically off line,” Brown said. “We have for all intents and purposes shut it down. No utilities. I think to the casual observer who drives by that building it looks like a pretty structurally sound building that’s there. But it is empty, has no power and we’ve got demolition plans for it.” The UTHSC will have to wait on state funding for other components of the building plan, including renovations for office space, an educational annex and a new student center. Before state bonds will be issued for the translational research building and the clinical building, UTHSC must present business plans for how it can pay the debt obligations. It will rely on federal research grants for the translational building. The debt service on that building is expected to be about $4 million a year. The university is still developing a business model for the clinical building. “For the clinical facility, it’s a little more complicated dynamic,” Brown said. “We’re being very, very deliberative and trying to be conservative in modeling before we go to the commission.”
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Old January 3rd, 2010, 09:19 AM   #40
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Medical Center Light Rail Extension, $53,000,000

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