“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
The Ravine, a $5 million project in The Edge District near Sun Studio, will feature retail and restaurant space, an amphitheater and children’s play structures and water features along the old rail corridor that runs beneath street level near High Cotton Brewing.Read the full article
"I think this is precisely the kind of grant that CCDC needs to look into doing more of," CCDC board member Ray Brown said before voting to approve the grant. "It's an astonishing building. It's an emergency situation. We have a credible developer who's turning himself into a Downtown hero, if he's not careful, and it takes us a little bit out of our comfort zone and that's a good thing."Read the full article
The Downtown Memphis Commission hosted a bus tour that spanned years of Downtown development.
“These projects are literally and inexplicably not possible without these board incentives,” said Ethan Knight, vice president of development with Development Services Group, which received a 20-year PILOT and garage funding for its expansive revitalization in the Edge District, including the Wonder Bread factory.
All in all, Downtown Memphis has $3 billion of development in the pipeline and is preparing for more projects to be announced in 2019.Read the full article