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After careful study of the data, and on the advice of our medical experts including the Shelby County Health Department, the mayors of Memphis, Shelby County, and the six surrounding municipalities have determined that May 4, 2020 is the date that we can begin phase one of our Back to Business framework.
In September 2019, Prospero leased 14,000 square feet and had 16 employees in Downtown Memphis.
Today, April 29, the home health care company announced a new lease that will double its Memphis footprint. In total, the company has 67 Memphis employees.
"We thought about our growth prospects and [even with] what we were seeing unfold, we really saw nothing but a continued demand for the services that we offer," Scarbrough said. "And so, we decided it was the right decision to make to go ahead and move forward with our planned expansion."
Kemmons Wilson Cos. plans to move its headquarters to the old Spaghetti Warehouse building in Downtown Memphis.
The famous, revered local company would spend $6.8 million renovating the 20,000-square-foot building into office space, according to its payment-in-lieu-of-taxes (PILOT) application filed with the Downtown Memphis Commission's Center City Revenue Finance Corp. (CCRFC).
The PILOT would last 15 years and would save Kemmons Wilson Cos. (KWC) $800,000, according a Downtown Memphis Commission (DMC) analysis. During the 15 years, the property will pay about $270,000 more in taxes than if it had gone undeveloped.
KWC will move about 30 employees to the building, according to the application. The company's headquarters is currently located at 8700 Trail Lake Drive West, near TPC Southwind.
The Downtown Memphis Commission (DMC) approved a development loan of up to $200,000 for Robb Hunter, on behalf of Belz Enterprises, to develop the previously vacant property at 250 Peabody Place, #102-104.