Property Updates

Activities on Properties of Interest

as of October 7, 2017

Main – Court –  4th – Washington

It has been a year since a group of interested church members, property owners and representatives of nonprofit organizations walked these blocks.  As a result, people have become more aware of the neighborhood’s opportunities and its challenges. A lot has happened and there have been visible improvements and concrete steps taken towards even more progress. 

  • The Calvary block has been greatly enhanced. Calvary purchased 146 and 150 Jefferson several years ago.  The church has now completed the renovation of 146 Jefferson and the adaptive reuse of 150 Jefferson (former Nachos restaurant) and this has greatly improved the streetscape on Jefferson.  This additional space has allowed Grizzlies Prep to add 5th Grade classes so that boys can enroll in the school earlier and be more prepared for high school.  It is a catalyst for the long-envisioned "campus plan" that Calvary has discussed for many years. John Pruitt, Calvary member and architect who designed the work, will give a tour of the buildings at some point. Hopefully, these new developments form a cornerstone for the type of comprehensive development that others envision. Calvary has also recently installed a historically appropriate replication of the mid 19th-century fencing at the corner of 2nd and Adams. Calvary’s new Rector Scott Walters is very interested in the neighborhood and the church’s relation to it. 
     
  • In August the DMC worked with artist Siphne Aayeõ and scores of volunteers to paint the fence around 100 N Main.
     
  • The art that for the windows of 247 Jefferson has been completed and will be installed soon.  
     
  • 161 Jefferson: Vibrant Hotels Inc. will begin work on an Aloft Hotel at 161 Jefferson. Mississippi-based Vibrant Hotels Inc. has filed an $8 million building permit application to begin construction on its 155-room hotel in the 12 story Tenoke Building at Jefferson Avenue and B.B. King Boulevard. The application calls for the demolition of an existing structure 1-story at the corner of BB King and Jefferson; site improvements; and the additions of a swimming pool, restaurant, kitchen, signage, penthouse level and “top area bar.”  See more here http://www.highgroundnews.com/devnews/JVDEnterprisesVibrantHotelsToDevelopNewDowntownAloftHotel.aspx
     
  • 100 N Main:  According to an 8-15 article in the Commercial Appeal - Memphis' tallest building, the vacant 100 North Main office tower, is showing faint signs of life, but no indication of imminent redevelopment. A Manhattan company appears to be in control of the building’s fate, but it’s unclear if conversion to apartments and a hotel is still the plan. An affiliate of Townhouse Management Company, THM Memphis LLC, took charge in June of a $2.8 million loan that was declared in default last November. THM Memphis bought out five entities that had combined in August 2015 to make a loan that IMH Memphis LLC used to buy the building. IMH planned 171 hotel rooms and 254 apartments but could never nail down financing. Mitchel Maidman, Townhouse president and chief executive of the real estate property management and development company, declined comment through the firm’s Memphis attorney. Since the loan was assigned to THM Memphis, crews have secured the building, erecting a plywood barrier around the perimeter to protect passersby and keep people out. The building had been surrounded by a chain-link fence since early 2016, but it wasn't keeping out trespassers. The work was part of an effort to comply with an Environmental Court order to resolve code violations. “We’re taking it step by step to make sure the building stays secure and that they’ve met all requirements of the … court order,” assistant city prosecutor Kenya Hooks said.
     
  • 239 Jefferson: The Dixie Meats building has been purchased by Across the Board Restaurant Group – restaurateurs who are collaborating to operate a new restaurant farther east on Jefferson and to operate Southern Table catering out of 239 Jefferson.
  • Neighborhood History:  Rhodes History Professor Tim Huebner continues to uncover the neighborhood’s past. His work has revealed that Nathan Bedford Forrest’s slave trading business was located right behind his home at BB King Blvd and Adams which is now the Calvary Church parking lot.