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IKEA Seeks Approval for 260K SF Store in Memphis

IKEA Seeks Approval for 260K SF Store in Memphis

IKEA is on the brink of increasing its southeastern US presence seeing as it has recently unveiled tentative plans for the development of a new, 260,000-square-foot store in Memphis. Contingent on receiving all governmental approvals, the store could open as early as Fall 2016.…

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Target Corp.Chooses Memphis for the Development of $50M Online Fulfillment Center

Target Corp.Chooses Memphis for the Development of $50M Online Fulfillment Center

Tennessee Gov. Bill Haslam, Community Development Commissioner Bill Hagerty and Target Corporation just announced that Memphis has been chosen for the development of a new, 900,000-square-foot , online fulfillment center. Target will be investing almost $50 million in the new facility, which will bring more than 400 jobs in Shelby…

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Germantown Planning Commission Greenlights New, 60-Bed Psychiatric Hospital

Germantown Planning Commission Greenlights New, 60-Bed Psychiatric Hospital

By Liviu Oltean, Associate Editor The Germantown Planning Commission unanimously approved on Dec. 2 the development of a new 60-bed psychiatric hospital. The hospital will be located on an 18.9-acre tract of land 0.2 miles south of the intersection of Crestwyn Hills Drive and Winchester Road. Dubbed Crestwyn Behavioral Health,…

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Hillwood Investment Makes Official 4M-Plus SF Industrial Park

Hillwood Investment Makes Official 4M-Plus SF Industrial Park

Hillwood Investment Properties officially announced its plan to develop a Class A business park in Olive Branch, MS. The project, dubbed Legacy Park, has the potential of bringing between 850 and 3,000 new jobs to the Memphis metropolitan area.…

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Main to Main Multi-Modal Connector Project Moves Forward with $28.6M Harahan Bridge Renovation

Main to Main Multi-Modal Connector Project Moves Forward with $28.6M Harahan Bridge Renovation

A long-awaited renovation project started this Monday as a construction crew began work on the Harahan Bridge. The $28.6 million renovation of the bridge is part of the Main to Main Multi-Modal Connector Project, which also includes extensive work in Memphis and West Memphis.…

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Downtown Memphis Commission Set to Review Two New PILOTs

Downtown Memphis Commission Set to Review Two New PILOTs

Downtown Memphis Commission’s agenda is filling up seeing as they will have to decide on the 11th of November on two new PILOTs. Filament, LLC, the real estate arm of architecture firm Archimania applied for a PILOT for the development of a new, mixed-use project at 705 S. Main Street,…

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Main Street Apartment Partners Propose 144-Space Parking Lot Adjacent to Hotel Chisca

Main Street Apartment Partners Propose 144-Space Parking Lot Adjacent to Hotel Chisca

Main Street Apartment Partners, LLC, the developers behind the Hotel Chisca project, will present on the 5th of November a proposal for the development of a parking lot to the Downtown Memphis Commission. If approved, the parking lot will occupy a currently vacant lot, just east of the Hotel Chisca.…

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Dawn Properties Acquires Memphis’ Long-Stalled Apt. Highrise for $13.5M

Dawn Properties Acquires Memphis’ Long-Stalled Apt. Highrise for $13.5M

Cushman & Wakefield recently made public that they brokered the acquisition of Memphis’ Horizon, a 16-story, 155-unit high-rise that has remained unfinished for more than six years due to the financial crisis of 2008.…

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Old Dominion Prepares for Grand Opening of Whitehaven Service Center

Old Dominion Prepares for Grand Opening of Whitehaven Service Center

Old Dominion Freight Line, Inc. is celebrating as it is preparing for the opening of their new Whitehaven service center on October 20th. The 267-door facility will provide direct service to western Tennessee – Memphis, Millington, Bartlett and Somerville – to east Arkansas – West Memphis, Wynne and Forrest City…

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266 Developer Moving Forward with Mixed-Use Project for Downtown Memphis

266 Developer Moving Forward with Mixed-Use Project for Downtown Memphis

Downtown Memphis might become home to a new, mixed-use project at the southeast corner of Dr. Martin Luther King Jr. Avenue and South Front Street. Operating under an entity called 266 Developer, LLC, Robert Mallory, John Dicken and Vince Smith have just made a request for a 10-year payment in-lieu-of-tax…

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Hillwood Investment Moving Ahead with $165M Legacy Park; Tennessee Receives $28M in CDBG

Hillwood Investment Moving Ahead with $165M Legacy Park; Tennessee Receives $28M in CDBG

Hillwood Investment Properties is moving forward with plans to develop Legacy Park, a $165 million, 265-acre distribution and business complex on the south side of Goodman Road, according to the Memphis Daily News.…

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McNeill Commercial Starts Preparations for $150M M-U Development in Germantown; Independence Realty Trust Acquires Cordova’s Property

McNeill Commercial Starts Preparations for $150M M-U Development in Germantown; Independence Realty Trust Acquires Cordova’s Property

By Liviu Oltean, Associate Editor McNeill Commercial Real Estate recently acquired 19 acres of land in Germantown for the development of a $150 million mixed-use complex. The project, carrying the name Thornwood, will be located at the northeast corner of Neshoba Road and South Germantown Road, according to the Memphis…

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