The new Wiseacre brewery planned for Downtown cleared a hurdle with the approval of a 15-year payment-in-lieu-of-taxes incentive Tuesday morning.
The PILOT will save Wiseacre about 75 percent of its property tax obligation each year the incentive is in place.
Brett Roler, vice president of planning and development for the Downtown Memphis Commission, said the project will be a boon for the neighborhood. At the corner of B.B. King Boulevard and Vance Street, the brewery and taproom is expected to serve as a connection point between the South Main and South City developments.
"We know that local breweries and taprooms can really be catalytic for emerging neighborhoods and help attract people and investment into neighborhoods," Roler said before the Center City Revenue Finance Corp. unanimously approved the PILOT.Read the full article
About one block east of where the massive Union Row development ends near Union Avenue and Danny Thomas Boulevard, a separate public-private development could pick up, now that two grants worth $700,000 were approved Wednesday.
The development, named The Ravine, is a $5.7 million mixed-use urban park.
Its westernmost point begins near the corner of Madison Avenue and South Lauderdale Street. It would stretch diagonally past High Cotton Brewing Company, include an overpass over Monroe Avenue and continue for one more block to Union Avenue.Read the full article
Since the announcement of the proposed $950 million Union Row development, there has been much discussion about what this project means to Memphis and Shelby County. There is no question that an investment of this scale within our urban core signifies momentum. The concept is visionary. The investment is unprecedented. And the access it provides to the neighboring communities is game-changing.
Together with developers, elected officials, and city and county leaders, the Downtown Memphis Commission is building a Memphis that is investible — a Memphis that has momentum and a Downtown for everyone.Read the full article
The largest mixed-use development in Memphis history goes public this week, promising to transform a haggard Downtown gateway with apartments, stores, restaurants, a hotel, office towers, parking structures, green spaces, even a half-acre park perched over a roadway like a rooftop.Read the full article
Out of respect for our community, we have made the decision to postpone our State of Downtown Annual Meeting and Vision Awards set for Wednesday evening.Read the full article
The Downtown Memphis Commission and Beale Street Management announced four winners in the Handy Park Design Challenge, which sought creative design solutions for the historic Beale Street park.Read the full article
Memphis Bridge Lighting Inc., the nonprofit that orchestrated the dynamic Philips LED lighting package on Big River Crossing in October 2016, is proud to introduce Mighty Lights, a nightly attraction that combines the lighting of both the Big River Crossing and soon-to-be re-illuminated Hernando de Soto bridges.Read the full article
Open on Main, the Downtown Memphis Commission’s (DMC) retail activation initiative will, once again, be open for business at two locations beginning May 2018.Read the full article
Explore Bike Share, a nonprofit bringing a 60-station, 600-bike bike share system to Memphis this spring, has revealed its station location map and official system brand and website.Read the full article
Open on Main - 2018
The Downtown Memphis Commission’s OPEN ON MAIN Initiative is once again creating pop-up retail activation space at two locations in Downtown Memphis. The goal of OPEN ON MAIN is to enhance the pedestrian experience, support local makers/entrepreneurs/retailers and bring attention to properties for lease in the Downtown Core.
From May-October, the spaces at 100 Peabody Place, Suite 175 & 145 South
Main Street, Suite 110. will be available, rent-free, for retail activation in increments of one month or longer.Read the full article