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.Read the full article
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."Read the full article
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.Read the full article
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.Read the full article
The City of Memphis and Renasant Bank today announced a naming rights partnership for the Memphis convention and meetings facility to be renamed the Renasant Convention Center. The naming rights partnership, which takes effect immediately, runs for 10 years, with the bank having the option to extend the naming rights via an additional two, 5-year term options. The naming rights agreement between Renasant Bank and the Memphis Convention Center was brokered by Denver-based Impression Sports & Entertainment and its partnership with Donegal Associates.
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"The beauty of having this campaign, Open on Main, and us being granted this space through the end of the year is that we really are having a solid five months of operating that we're going to be able to learn. We get to pitch the entire experience in store, custom as well as off the rack stock sizing. It's really giving us the opportunity to learn whether or not stock sizing is going to work, whether or not people see something off the rack and are called to purchase it."
– Lauren Draffin, Beg & Borrow
via the Commercial Appeal. Memphis' core is seeing an explosion of hotel projects.
In Downtown and Midtown Memphis, there are more than 2,000 hotel rooms in various stages of development from the recently completed to the newly announced.Read the full article
via the Commercial Appeal. A free Downtown Memphis yoga class has swelled in popularity.
Downtown Memphis Commission and Memphis River Parks Partnership host Our Yoga Downtown at the River Garden every Tuesday from 6 to 7 p.m. April through September.Read the full article
“We don’t just want to fill this space—we want to create something remarkable. Memphis’ and Downtown’s growing demographics warrant a concerted recruiting effort for something dynamic, kinetic and sustainable ... ," New building owner,Tom Intrator, said in a statement.Read the full article
Planned renovations for a warehouse on Virginia Avenue West near Kentucky Street could make more room for artists amid an explosion of Downtown development projects.
Phillip and Joseph Lewis, owners of the Medicine Factory warehouse at 85 Virginia Ave. W., were approved for a $150,000 developmental loan from the Downtown Memphis Commission's Center City Development Corp. board to help fund the renovation.Read the full article