2022 Downtown Development Tour - Downtown Memphis

WELCOMING. GROWING. DIVERSE. AUTHENTIC. INVESTABLE. AND THE BEST PART?

THE FUTURE IS HERE.

YOU ARE HERE.

DMC TOUR - SPRING 2022

2022 Board Members DMC Benjamin Orgel, Chair Demar Roberts, Vice Chair Williams Brack, Treasurer Elizabeth Low, Secretary Raumesh Akbari Ashley Cash Rep. Barbara Cooper Julie Ellis Councilman Cheyenne Johnson Commissioner Mickell Lowery Cheryl Pesce John Pontius Deni Reilly Ed Stephens III Victoria Young John Zeanah

CCDC Michael B. Chance, Chair Julie Lansky, Secretary Kevin Brewer Elizabeth Low Anton Mack Tanja Mitchell Benjamin Orgel Carl Person Demar Roberts CCRFC Eric Mathews, Chair Jim Crone, Vice Chair Brandy Johnson-Ward, Treasurer Jeri Moskovitz, Secretary Glenn Floyd Bobbi Gillis Christina Kurdilla Sean Norris

DMA Elliot Embry, Chair Alvin Crook Sylvia Crum Travis Green Shanea McKinney Wayne West DRB Joyce Selina Love, Chair Roderick DeBerry Mike Hammond Colin McDoniel Brett Ragsdale Deni Reilly Sheila Urevbu Mario Walker Michelle Ye

Staff List Paul Young, President & CEO Penelope Springer, CFO Brett Roler, SVP Planning & Development Penelope Huston, VP Communications & Marketing Christine Taylor, Office Manager Clint Burke, Manager of Clean & Green Sam Caldwell, Staff Accountant Abram Lueders, Analyst Planning & Development Lauren Bermudez, Transportation Program Manager Katie Koleini, Development Project Manager Theresa Taylor, Marketing Liaison - Beale Street & Downtown Memphis Halle Novarese, Social Media & Community Engagement Coordinator Nesha Cotton, Events Coordinator Deb Streeter, Supervisor Blue Suede Brigade

Tour covers major incentivized projects since 2019, some earlier projects included due to scope or proximity

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158 VANCE AVENUE An adaptive reuse project that originally transformed the historic Capital Pictures building into the Oden Marketing headquarters. The spaces is now is home to Connect Music and will soon be a creative hub for budding entrepreneurs in arts in entertainment industry.

INCENTIVE

PILOT

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$3,097,000

TYPE

Adaptive Reuse

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2018

WLOK

*

363 S. Second St. Exterior improvements to WLOK Radio, Memphis’s first African-American owned radio stations.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Good Neighbor Grant $64,800

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

CENTURY HOUSE 151 Vance Ave.

*

Exterior improvements to Century House, a social club located in the historic 20th Century Fox Pictures building.

Improvements will include new sidewalks, exterior lighting, masonry repair, and new windows.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

Good Neighbor Grant $76,725 Adaptive Reuse

S TAT U S

Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

CLAYBORN TEMPLE 294 Hernando St.

A project that will remove existing damaged stained glass windows from the historic Clayborn Temple, and replace them with new stained glass pieces being commissioned by the Clayborn Temple nonprofit.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Good Neighbor Grant $488,340 Adaptive Reuse Under Construction 2022

NAACP

*

588 Vance Ave.

Exterior improvements to the Memphis NAACP headquarters at 588 Vance. This project is outside of the CBID, and is being funded by the South City Good Neighbor Grant, a partnership between the DMC and the Memphis Division of Housing and Community Development.

*MWBE/EMERGING DEVELOPER INCENTIVE

Good Neighbor Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$80,850 Exterior Improvements

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

MEMPHIS MAGNETIC RECORDING 618 Vance Ave.

Exterior improvements to a recording studio in the South City neighborhood.

The project is outside of the CBID, and is funded by a South City Good Neighbor Grant, a partnership between the DMC and the Memphis Division of Housing and Community Development.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Good Neighbor Grant $37,800 Exterior Improvements Completed 2020

VA N C E AV E YO U T H D E V. C E N T E R 670 Vance Ave.

*

Exterior improvements to the Vance Ave Youth Development Center at 670 Vance Ave in the South City neighborhood. The repairs are funded by a South City Good Neighbor Grant.

*MWBE/EMERGING DEVELOPER INCENTIVE

Good Neighbor Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

Exterior Improvements

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

226 LAUDERDALE

$45,250

2021

*

The adaptive reuse of a 30-unit garden apartment building near the Universal Life building. Updates include paint, windows, fencing, and HVAC improvements.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Development Loan, Exterior Improvement Grant $408,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2022

FOOTE PARK AT SOUTH CITY The South City Choice Neighborhood Initiative (CNI) budget includes $167+ million for housing, about $25 million for neighborhood improvements and $18 million for social support programs.

We created a new tool South City, modeled after the EIG. Our CCDC grant matches the Choice Neighborhood investment up to $250K - the program has a $500K pool.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

$250,000 Good Neighbor Grant $250,000,000* Choice Neighborhood Initiative Ongoing 2020+

*$250,000,000 amount was used as part of our original South City Good Neighbor Grant program. The footprint for that program is shown above.

SUGA SHACK 386 Beale St The renovation of a blighted 1-story building on the east end of Beale Street into the permanent home of Suga Shack, a restaurant and entertainment venue.

*MWBE/EMERGING DEVELOPER INCENTIVE

Exterior Improvement Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$106,700

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

GHOST RIVER 386 Beale St

Renovation of previously unused retail space on Beale for Ghost River’s SECOND downtown location!

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Special Incentive $500,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

HANDY PARK Beale Street

A DMC-led effort to redesign and renovate Beale Street’s Handy Park. The DMC efforts included strategic public engagement efforts to garner community input regarding the design and park usage. Winning design included movable fencing, enhanced lighting, more central placement of WC Handy statue, and leveling of lawn area for more flexible use.

INCENTIVE

DMC Special Assistance

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$789,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

RAW GIRLS

2020

*

150 Peabody Place

Tenant improvements to one of 150 Peabody’s retail bays, to serve as the new downtown location of Rawgirls, a juice bar.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Retail TI Grant $194,850

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

TAILOR’S UNION THE POCKET 115 Union Ave.

*

Multi-phase adaptive reuse of a 24,922 square foot mixed-use building completed in 2012 PILOT and 2018 grant. Building has ground-floor and basement commercialuse with 23 apartment units above.

*MWBE/EMERGING DEVELOPER INCENTIVE

PILOT, Development Loan, Exterior Improvement Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$3,885,000

TYPE

Adaptive Reuse

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

CANOPY HOTEL 164 Union Ave.

A new-construction, 170-room, 5-story hotel on the long-blighted former site of the Benchmark Hotel.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $42,973,000 New Construction Completed 2020

THE WALK

Danny Thomas & Union Ave. A master-planned mixed-use development, spanning a large area of land on Union, Beale, and Monroe. The three-phase project includes 350,000 square feet of class-A office space, 130,000 square feet of retail/ restaurant space, a 200-room hotel, 793 apartment units, and 2,664 parking spaces. *2021 is the completion date for phase 1.

Phases 2 and 3 do not have a projected date.

INCENTIVE

PILOT, Garage Funding

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$714,174,000 New Construction

S TAT U S

Planned

COMPLETION OR EXPECTED COMPLETION

SLIM & HUSKY’S

TBD

*

634 Union Ave.

A complete renovation of 634 Union Ave into the first Memphis location of fast-casual pizza restaurant Slim & Husky’s Pizza Beeria. The space will highlight work from local artists, and serve local beers on tap.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Exterior Improvement Grant $960,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2020

633 MONROE The conversion of the Heartbreak Hotel building at 633 Monroe into a mixed-use building with 5 apartment units and a 2,770 SF restaurant space.

INCENTIVE

PILOT

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$2,810,000 Adaptive Reuse

S TAT U S

Planned

COMPLETION OR EXPECTED COMPLETION

2023

EDGE MOTOR MUSEUM 645 Marshall Ave.

The renovation of 645 Marshall Ave into a non-profit museum dedicated to the preservation of historic cars, and eduction about the history of the automobile.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Exterior Improvement Grant $1,400,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

ORLEANS STATION

694 Madison Ave. Renovations to a vacant retail strip on Madison. The renovations are a part of a mixed-use development being developed as a part of the University of Tennessee Health Science Center’s campus master plan.

INCENTIVE

concept

Exterior Improvement Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$65,000,000 Renovation and Adaptive Reuse

S TAT U S

Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

KAREN ADAMS DESIGN

*

647 Madison Ave.

The adaptive reuse of a 12,140 square foot studio and production facility for Karen Adams Design, a local lifestyle design firm that creates stationary, cards, and other goods.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Development Loan, Exterior Improvement Grant $1,503,000 Adaptive Reuse Completed 2019

INKWELL

*

631 Madison Ave.

Renovations to a vacant commercial building in the Edge District. The renovated building will include retail space, which will be occupied by a new cocktail lounge, and well as apartments.

*MWBE/EMERGING DEVELOPER INCENTIVE

EIG, Retail TI Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$800,000

TYPE S TAT U S

Renovation Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

PRESERVER PARTNERS

*

425 Madison Ave.

A historic 2-story building in the Edge, which was renovated into the offices of Preserver Partners, an investment management firm, as well as two rental apartments.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Development Loan, EIG $876,500 Adaptive Reuse Completed 2019

CYCLE SHOP 421 Monroe Ave.

The renovation of the former Memphis Cycle Supply building at 421 Monroe into a leasable commercial building with 25,789 SF.

INCENTIVE

PILOT (with original Bakery Project)

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$6,369,400 Renovation

S TAT U S

Planned

COMPLETION OR EXPECTED COMPLETION

2023

*

413 MONROE

Exterior improvements to 413 S. Monroe, a historic commercial building in the Edge district. Improvements include new paint, windows, awnings, lighting, and sidewalk repairs.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Exterior Improvement Grant $167,900 Renovation Under Construction 2022

ORION HQ, THE RISE I & GARAGE, LEO EVENTS 400 Monroe Ave.

The adaptive reuse of 376,000 square feet across six parcels in the edge district, including the historic Wonder Bread Factory at 400 Monroe, and the former Memphis Cycle Supply at 421 Monroe. Includes 286 apartment units, 480 parking spaces, and over 155,000 square feet of retail, office, and mixed-use space spread throughout the development.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT, Garage Funding $73,062,000 Adaptive Reuse & New Construction Completed 2019

38

Clockwise from top left: Orion (1-2), Leo Events, Rise Apartment pool.

concept

100 N. MAIN Development Concept

Existing tower will include: • 180-210 apartments • Full-service hotel with 154-200 keys • Renovation of the existing parking garage • 60,000 sf office space for the City of Memphis, • 38,000 sf retail, restaurant, and rooftop amenities.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

New infill construction: • 140 apartments • 3,000 sf ground-floor retail • New 352-space parking structure

Special $267,000,000 Adaptive Reuse Planned 2025

114 N. MAIN The renovation of the upper floors of the Downtown Memphis Commission headquarters. The space is being designed as office and conference space, with the goal of attracting mission-aligned organizations as tenants.

INCENTIVE

N/A

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S

$2,600,000 Adaptive Reuse Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

PINCH GATEWAY PUBLIC ART& LIGHTING

*

Main under I-40 north of Winchester

A public art and artistic lighting project designed to improve the quality of the pedestrian experience along North Main Street beneath the interstate and help reconnect Uptown and the Pinch District with the heart of the Downtown Core.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

CCDC Public Art Grant $182,000 Public Art Completed 2021

HISTORIC SNUFF DISTRICT Conwood & Conwood II

Conwood I is the adaptive reuse of a portion of the historic American Snuff Company property as apartments and office space.

The project will include over 100 apartment units, 78,000 SF of office space, and 10,000 SF of ground-floor commercial.

Conwood II is a new-construction building with 292 apartment units, a 420-space garage, and 10,900 Sq. Ft. of ground floor commercial.

INCENTIVE

PILOT

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$107,000,000 Adaptive Reuse and New Construction

S TAT U S

Under Construction/Planned

COMPLETION OR EXPECTED COMPLETION

2022

THE KENT 61 Keel Ave.

The conversion of a historic industrial building into a commercial event space.

The building is adjacent to the larger Snuff District project that is currently being planned.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $2,581,000 Adaptive Reuse Completed 2021

GRIND CITY BREWING

83 Waterworks Ave. Adaptive reuse and new construction of a craft brewery with a 2,601 square foot tap room, and a 20-barrel brewhouse.

INCENTIVE

Exterior Improvement Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$11,300, 000 Adaptive Reuse and New Construction

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2020

SOUL & SPIRIT 845 N Main St.

*

Exterior renovations will enhance the brewery with an outdoor beer garden on the south side of the building, including a large paved patio with shaded outdoor seating, a gravel pad for food trucks, a dog pocket park, and room for a stage to facilitate outdoor performances.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

EIG $196,900 Renovation Planned 2022

MALONE PARK COMMONS

*

97 Saffarans Ave.

A 35-unit “pocket neighborhood” rental housing community. The missing middle project features a variety of small unit types including studios, four-plexes, and live work buildings surrounding a park-like space.

4

*MWBE/EMERGING DEVELOPER INCENTIVE

PILOT, Development Loan

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$3,080,000 New Construction

S TAT U S

Phase I completed, Phase II under construction

COMPLETION OR EXPECTED COMPLETION

2023

COMEBACK COFFEE 358 N Main St. Exterior improvements, including an outdoor seating area, for a new coffee shop in the pinch district.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Exterior Improvement Grant $130,000 Adaptive Reuse Completed 2019

ALCENIA’S 317 N. Main

*

An exterior and interior renovation of Alcenia’s, a nationally-recognized soul food restaurant in the Pinch District. The renovations are a part of a larger project with multiple funding partners that includes the purchase of the building by the operator.

INCENTIVE

General Grant, Forgivable Loan, Marketing Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$288,275

TYPE S TAT U S

Renovation Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

COSSITT LIBRARY 33 S. Front St.

Renovation and re-imagining of the historic Cossitt Library. The new community hub will include a multi-purpose arts and gathering space, meeting rooms, enhanced outdoor space, and a cafe.

INCENTIVE

N/A

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2022

BROOKS MUSEUM Union at Front Street

The new home of Brooks Museum, will be a new construction building by internationally renowned architects, Herzog & de Meuron and Memphis-based Archimania. The structure will include a 175-seat glass box theatre overlooking a wooden-clad courtyard, exhibition spaces on the upper floor and a roof deck offering panoramic views of Memphis.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

Parking Assistance $150,000,000 New Construction

S TAT U S

Planned

COMPLETION OR EXPECTED COMPLETION

2025

BUTCHER SHOP 99 S. Front Street

The adaptive reuse of two attached historic buildings on Front Street. Prior to redevelopment, the building was blighted and structurally unsound, and it received a grant for emergency stabilization. The full renovation will include 112 apartment units, two commercial bays, and 61 underground parking spaces.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT, General Grant $23,321,782 Adaptive Reuse Under Construction 2022

ONE BEALE H YAT T C E N T R I C , C A P T I O N & GRAND, LANDING RESIDENCES

Originally proposed as a mixed-use development at the SW corner of Beale and Front, in 2018 a revised version of the One Beale project increased the area used, and included adaptive reuse of the Ellis buildings. Project includes 227 apartment units, a 640-space public parking garage, and the new construction of a Hyatt Centric hotel.

INCENTIVE

PILOT, Garage Funding, CCDC Special Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Adaptive Reuse & New Construction Phase I Completed 2025

HYATT CENTRIC & CAPTION A full-service Hyatt Centric Hotel with 227 rooms, 14,000 SF of meeting space, and a second 126 room boutique hotel that incorporates the facade of the Ellis building. Both hotels are a part of the One Beale development, which also includes the Landing Residences

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $72,000,000 New Construction and Adaptive Reuse Centric Completed Caption expected 2022

LANDING RESIDENCES The residential portion of the One Beale project, which includes new-construction apartment buildings with 280 residential units, as well as a garage with 640 spaces and leasable retail space.

INCENTIVE

PILOT, CCDC Development Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$76,520,000 New Construction

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

HYATT GRAND A new-construction Hyatt Grand hotel overlooking the river. In addition to 350 rooms, the hotel will include 42,000 sq. ft. of meeting space, and 14,500 sq. ft. of commercial space. This project is the most recent phase of the larger One Beale project, which includes the Landing Residences, and the Hyatt Centric and Hyatt Caption hotels.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $215,000,000 New Construction Planned 2025

AMBASSADOR HOTEL

*

345 S Main St.

The renovation of the historic Ambassador hotel at 345 S. Main St. into a mixed-use building with a ground floor restaurant space, and 10 apartments.

*MWBE/EMERGING DEVELOPER INCENTIVE

PILOT

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$2,495,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2021

THE RAMBLER 400 S. Main St.

A renovation project that converted a single family home into a mixed-use building with 18 apartment/hotel units and 3 retail bays on the ground floor.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $4,812,000 Adaptive Reuse Completed 2021

CIVIL AXE 372THROWING 372 S. Main

Exterior improvements to a historic commercial building on South Main.

Improvements will include a new storefront system, signage, new windows, and masonry repair.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE /202

Exterior Improvement Grant $216,000 Exterior Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2020

SLIDER INN

363 Mulberry St. at Main The adaptive reuse of a former autoservice shop into a 3,000 square foot second location for the popular midtown restaurant Slider Inn. The adjacent parcel facing Main Street will be an outdoor venue and additional restaurant space.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Exterior Improvement Grant $123,000 Adaptive Reuse Completed 2019

ARRIVE HOTEL 477 S. Main St

The adaptive reuse and renovation of two adjacent historic buildings in the heart of the South Main district into a boutique hotel with multiple dining concepts. The primary building is 477 S. Main, a warehouse building that was most recently used by Memphis College of Art.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

PILOT $14,206,000 Adaptive Reuse

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

MARINE HOSPITAL RESIDENCE 360 Metal Museum Drive

The adaptive reuse of a U.S. Marine Hospital (originally built in the 1880s on the National Register of Historic Places) with more than100,000 square feet to be converted into 71 market-rate apartments. Amenities includes pool, covered parking, and common gathering areas.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT, Development Loan $18,737,000 Adaptive Reuse Completed 2020

SOUTH POINT GROCERY 136 Webster Avenue

Small-footprint full-service grocery store in the heart of the South Main/South City district.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

N/A $1,065,135 Adaptive Reuse Completed 2022

BUTLER ROW 509 S BB King

A mixed use development spanning two blocks at the northwest corner of GE Patterson and BB King. The project will include two new-construction buildings with 285 apartments, 10,000 SF of ground floor commercial space, and 300 structured parking spaces.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S

PILOT $65,249,570 New Construction Planned

COMPLETION OR EXPECTED COMPLETION

2025

WISEACRE BREWERY S BB King south of Vance

A new 40,000 square foot brewery, which will serve as the company’s new primary production facility. The project will also feature a 5,000 square foot taproom.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $9,850,000 New Construction Completed 2020

Catalytic, cultural, and welcoming.

Projects showcasing our Downtown spirit.

TOM LEE PARK Tom Lee Park renovations will transform the under-utilized park into a network of community spaces for year-round use, with an adventure park, kinetic boardwalk and river-edge pavilions. Renovations include Cutbank Bluff, an ADA accessible path from the Downtown Core/Riverfront District to Tom Lee Park.

INCENTIVE

Cutbank Bluff - Mobility Incentive

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$60,000,000

TYPE

Renovation

S TAT U S COMPLETION OR EXPECTED COMPLETION

Under Construction 2023

concept

THE RAVINE A new multi-block linear urban park built on a former rail spur in the Edge.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

CCDC Development Grant $5,730,000 Public Space Under Construction 2022

THE ARTERY 2.0

Multiple alleys in the Core Artery 2.0 acts as the second DMC alley improvement project that aims to enhance way-finding, increase safety, and improve the quality of the pedestrian experience in Downtown alleys. The project will include repaving the alley with stamped asphalt, adding string lighting and installing public art to create a new artery for Downtown.

INCENTIVE

CCDC Public Art Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$207,000

TYPE

Public Art

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

WOMEN’S SUFFRAGE MONUMENT Behind Cecil C Humphreys School of Law

This public memorial honors Shelby County leaders who participated in the nonviolent efforts to win the right to vote for American women. Tennessee is important to the movement, as it was the final state to ratify the 19th Amendment, with which women won the right to vote.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Marketing Grant, Web Hosting $790,200 Public Art Installation Completed 2022

More Main Street adaptive reuse and renovation projects.

Fewer cranes.

More soul.

47-51 S. MAIN ST. Extensive facade improvements to 47 S. Main and 51 S. Main.

INCENTIVE

Exterior Improvement Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$300,000 Adaptive Reuse

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

55 S. MAIN ST.

*

Construction of a new 3-part commercial storefront, replacing a recessed storefront.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Exterior Improvement Grant $179,000 Adaptive Reuse Completed 2018

64 S. MAIN ST

*

Adaptive reuse of a 11,145 square foot mixed use development featuring groundfloor retail, a basement gym, 5,315 square feet of office space, and a rooftop restaurant.

concept

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT, Development Loan $2,391,000 Adaptive Reuse Under Construction 2022

1 S. MAIN ST. Exterior renovation for a new ground floor commercial use project. Enhancements include new retractable awnings, singlehung windows, exterior doors, refurbished metal banding, outdoor seating, and new tile veneer.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

Exterior Improvement Grant $251,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2018

18 S. MAIN An extensive adaptive reuse of 18 S. Main (previously Jerry’s/Murray’s) into a mixeduse development that includes 11,500 square feet of ground-floor and basement commercial space, and 8,900 square feet of office space in the floors above.

INCENTIVE

PILOT, CCDC Development Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$4,696,000

TYPE S TAT U S

Adaptive Reuse Under Construction

COMPLETION OR EXPECTED COMPLETION

2022

THE PEANUT SHOPPE

*

The renovation and relocation of the original roasting equipment of Memphis’ most beloved nut, popcorn, and sweets shop.

*MWBE/EMERGING DEVELOPER INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Retail TI Grant $50,000 Renovation Complete 2022

South Main.

More growth, more character, and more places for people.

TENNESSEE BREWERY & GARAGE 495 Tennessee St.

This award-winning mixed-use project involved the adaptive reuse of the Tennessee Brewery building, plus construction of an additional building just to the north. The finished project includes 148 apartments, 13,500 square feet of office and retail space, and a 339-space parking garage on a separate parcel ( 11 E. Butler Ave.) to the east.

INCENTIVE

PILOT, Garage Funding

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

$40,389,000 Adaptive Reuse & New Construction

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

MUSEUM LOFTS 138 Huling Ave.

A new construction 4-story residential development with 69 apartments and 72 parking spaces. The project site is adjacent to the National Civil Rights Museum.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

PILOT $9,050,000 New Construction Completed 2020

CENTRAL STATION, CURIO, MALCO, SOUTHLINE & ART 544 S. Main St.

This project added 192 new apartments on vacant land, and will replace existing apartments in the train station building with a 132-room Curio boutique hotel being developed by the Kemmons Wilson Cos., and will expand the power house building for a five-screen Malco movie theater.

INCENTIVE

Exterior Improvement Grant, Development Grant, Public Art Funding

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

$55,000,000 Adaptive Reuse , New Construction & Public Art Completed 2019

ARCADE BUILDING 540 S. Main St.

Exterior and interior renovations to the Arcade restaurant, including an expansion of the restaurant to an additional commercial bay, exterior improvements to additional storefronts and parking lot improvements.

INCENTIVE

Exterior Improvement Grant, Development Loan

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T

$779,000

TYPE

Renovation

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

WALKING PANTS 109 GE Patterson

This quirky, local-heavy gift and art shop, is home to Dreamers Revival founders Darryl & Ashley. Together with Princeton James Productions, they are currently producing a pilot encouraging other “dreamers” to start businesses and activate spaces in Downtown Memphis. Stay tuned, you just might see a Dreamers Revival happening on your screen and in your neighborhood!

INCENTIVE

Marketing and Activation Grant

A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Community Development In progress 2022

CENTRAL BARK DOG PARK 540 S. Main St.

Central Bark Dog Park is a pop-up dog park, located on a prominent corner in the South Main district.

By elevating the use of this previously vacant 0.15acre parcel, the Downtown Memphis Commission was able to provide a desirable neighborhood asset – a very active community gathering space for dogs, dog-owners, and neighbors – and create a better overall pedestrian experience for residents and visitors.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE

DMC Activation $50,000 Renovation/New Construction

S TAT U S

Completed

COMPLETION OR EXPECTED COMPLETION

2019

ARTSPACE LOFTS 138 St. Paul Ave.

The adaptive reuse of a 65,000 square foot historic warehouse and construction of an adjacent new structure for a total of 58 live/ work residences for artists.

INCENTIVE A P P R O X I M AT E I N C E N T I V I Z E D P R O J E C T C O S T TYPE S TAT U S COMPLETION OR EXPECTED COMPLETION

Development Grant $16,000,000 Adaptive Reuse & New Construction Completed 2018

SOUTH MAIN WINTER ACTIVATION October - February

Faced with an unexpected budget issue - what to do with event grant funds that couldn’t support events during COVID - the DMC worked with 26 propeties (and 14 property owners) to turn South Main into the the most beautiful block in the region.

The installation recieved so much love (and positive press) in its first season that we have committed to make the light show an annual activation.

Stronger.

Better.

Faster.

Smarter.

Our future Downtown.

THE MOBILITY CENTER The Mobility Center is being built on a 1.3 acre parcel at Main & Beale, previously used as a surface parking lot.

The building will be a concrete structure with aluminum paneling. It will be six stories with a seventh level parking deck. Ground floor parking will be partially screened by retail uses.

The structure will be more than a parking garage, it will be a transportation hub for shared-transit and peoplepowered-mobility options. It will utilize smart parking technologies, EV charging stations, and will feature the city’s first public bike-parking facility.

GROOVE ON-DEMAND Groove On-Demand works like a minibus that comes when you want, where you want. Book a ride straight from your phone, get picked up in minutes, and access all of Downtown, the Medical District, South City, and New Chicago.

Service hours: 6am-10pm – 7 days per week.

Price: $1.25 per ride

Download the Groove On-Demand App Now! First 10 Rides are Free!!!

SMART CITY EFFORTS

The internet of things and smart tech can help improve lighting solutions and solve problems like “where should I park?”

Current vehicular traffic on Union Ave, derived from cell phone data

Smart Trash Cans being deployed in the Core district, Spring/Summer 2022.

TECH AS A TOOL: SMART DOWNTOWN Downtown Memhis is home to a growing residential population (currently 26K), a vibrant and growing workforce, thanks to employers like FedExLogistics planting their corporate flags in the CBID, and more than 4.5 million visitors this past year, alone.

Our smart city efforts are focused on using technology to improve Downtown life. We will utilize cameras to improve safety, and help you find a parking space easier. We will take advantage of the internet of things to help us know when street lights are out and when trash cans need emptying. And free public wifi will improve access to information, while it provides insight into who is visiting our districts. Information that we can use to create a better Downtown experience for everyone.

The big numbers (written in really small type).

Current Good Neighbor Grant Projects Project

Project

Name

Address

Off the Walls

358 Walnut St.

Memphis Magnetic Recording

618 Vance Ave.

NAACP Memphis

588 Vance Ave.

Tom Martin’s Auto Body Shop

540 B.B. King BLVD.

Paradise Entertainment

645 E. Georgia Ave.

Renee’s & Crossfit

202 - 206 GE Patterson

V.A.Y.D.C (Vance Avenue Youth Development Center)

670 Vance Ave.

Century House

151 Vance Ave.

Mustard Seed Nonprofit

Mississippi & Lauderdale

Clayborn Temple

294 Hernando St.

337 S. 4th St. (Brown Girls Inc.)

337 S. 4th St.

WLOK Radio

363 S. Second St.

502 S. Second St. (Fedora Parlor)

502 S. Second St.

626 Vance Ave.

626 Vance Ave.

Construction

Completion

Grant

Total

Status

Date

Amount

Project Cost

Complete

2020

$45,359

$60,478

Complete

2020

$28,344

$37,793

Complete

2020

$50,000

$80,850

Phase 3

Spring 2022

$50,000

$81,332

Phase 2

2021

$50,000

$94,104

Complete

2021

$45,788

$51,987

Complete

2021

$45,254

$45,254

Phase 2

Spring 2022

$50,000

$76,000

Phase 1

Summer 2022

$50,000

$137,000

Phase 1

Fall 2022

$50,000

$478,000

Not Started

Fall 2022

$50,000

$2,700,000

Complete

2022

$50,000

$55,000

Interior Demo

Fall 2022

$50,000

$1,116,820

Not Started

Fall 2022

$50,000

$55,000

Extended data for projects covered in 2022 tour Project Name

Incentive

100 N Main Redevelopment

Status

Expected Completion

Planned

2025

DMC Project Contribution Cost $267,000,000

114 N Main

CCDC Loan

Under Construction

2022

$2,671,736

$2,671,736

151 Vance Ave (Century House)

Good Neighbor Grant

Under Construction

2022

$50,000

$76,725

158 Vance

PILOT

Completed

2018

202 - 206 G.E. Patterson Ave

Good Neighbor Grant

Completed

2021

$46,788

$51,987

337 S 4th St (Brown Girls Llc)

Development Loan, Good Neighbor Grant

Planned

2022

$250,000

$2,700,000

345 S. Main St. (Ambassador Hotel)

PILOT

Completed

2020

358 Walnut St. (Off The Walls)

Good Neighbor Grant

Completed

2020

$45,359

$78,620

372 S. Main (Civil Axe)

EIG

Completed

2020

$80,000

$215,960

400 S Main St

PILOT

Completed

2021

413 Monroe Ave

EIG

Under Construction

2022

421 Monroe - Cycle Shop

PILOT (part of Bakery)

Planned

2023

425 - 427 Madison (Preserver Partners)

Development Loan, EIG

Completed

2019

$260,000

$876,500

502 S Second St. (Fedora Parlor)

Good Neighbor Grant

Under Construction

2022

$50,000

$1,116,820

61 Keel Ave (The Kent)

PILOT

Completed

2021

626 Vance Ave

Good Neighbor Grant

Planned

2022

$50,000

$59,100

631 Madison (Inkwell)

EIG Retail TI Grant

Under Construction

2022

$110,000

$800,000

633 Monroe

PILOT

Planned

2023

99 S Front Redevelopment

PILOT, General Grant

Under Construction

2022

$3,600,000

$2,495,261

$4,811,794

$80,000

$167,900

$6,369,402

$2,581,151

$2,810,000

$650,406

$23,321,782

Project Name

Status

Expected Completion

DMC Project Contribution Cost

Incentive

Alcenia’s Renovation

General Grant

Under Construction

2022

$60,000

Arrive Hotel

PILOT

Completed

2019

$14,206,000

Planned

2026

$150,000,000

Brooks On The Bluff

$288,275

Butler Row (509 S. BB King)

PILOT

Planned

2025

$65,249,569

Canopy Hotel

PILOT

Completed

2020

$42,972,661

Clayborn Temple

Good Neighbor Grant

Under Construction

2022

$50,000

$488,347

Comeback Coffee

EIG

Completed

2019

$58,832

$130,000

Under Construction

2022

Cossitt Library Renovations

$3,500,000

Edge Motor Museum

EIG

Completed

2019

$60,000

$1,400,000

Ghost River On Beale

Special Incentive

Completed

2021

$20,000

$500,000

Grind City Brewing

Storefront Grant

Completed

2020

$55,697

$11,300,000

Handy Park Renovation

DMC Funding

Completed

2020

$789,000

$789,000

Historic Snuff - 46 Keel Ave (Conwood)

PILOT

Under Construction

2022

Karen Adams Design

Development Loan, EIG Completed

2019

Leo Events

PILOT

Completed

2019

Malone Park Commons

PILOT, Development Loan

Under Construction

2022

$300,000

$3,081,992

Memphis Magnetic Recording

Good Neighbor Grant

Completed

2020

$28,344

$37,793

Mustard Seed (653 Mississippi Blvd)

Good Neighbor Grant

Under Construction

2022

$50,000

$137,005

Naacp

Good neighbor Grant

Completed

2021

$50,000

$80,850

$45,958,275

$260,000

$1,502,800

$2,213,065

Project Name

Incentive

Status

Expected DMC Project Completion Contribution Cost

One Beale Hotels

PILOT

Under Construction 2022

One Beale Phase Iv (Hyatt Grand)

PILOT

Planned

2024

Bakery Project: Orion, Rise I, Garage & Leo Events

PILOT, Garage Funding

Completed

2019

Orleans Station

EIG

Under Construction 2022

Paradise Entertainment Center

Good Neighbor Grant Completed

Pinch Underpass Art

CCDC Grant

Completed

Ravine

$72,000,000

$191,349,879

$6,000,000

$73,061,578

$80,000

$65,000,000

2021

$50,000

$94,104

2021

$200,000

$200,000

CCDC Grant

Under Construction 2023

$700,000

$5,730,000

Rawgirls

Retail TI Grant

Completed

2021

$30,000

$194,852

Slider Inn Downtown

EIG

Completed

2019

$60,000

$122,915

Slim And Husky’s

EIG

Completed

2020

$60,000

$960,000

Soul & Spirits

EIG

Planned

2022

$40,000

$196,902

Suga Shack

EIG

Completed

2019

$35,575

$106,737

The Landing Residences At One Beale

PILOT, General Grant, Garage Funding Completed

2021

$10,987,100

$76,520,000

The Marine Hospital Residence

PILOT

Completed

2020

The Pocket Forgivable Loan

Forgivable Loan

Completed

2020

The Walk (Union Row) - Phase 1

PILOT

Planned

2024

Tom Martin’s Body Shop

Good Neighbor Grant Completed

2022

$50,000

$81,500

Vance Ave Youth Development Center

Good Neighbor Grant Completed

2020

$40,728

$45,254

Wiseacre Brewing

PILOT

Completed

2019

Wlok Radio (363 S. Second St.)

Good Neighbor Grant Completed

2021

$18,736,056

$5,000

$5,000

$741,173,922

$9,850,000

$50,000

$64,865

Downtown Memphis Commission - Developing Downtown for Everyone.