Businesses and people are investing in South Main more than ever before. with more than $500 million in new projects planned or underway in this one-square-mile neighborhood! Perhaps because of its authentic, creative vibe. Or its remarkable architectural assets. Or its proximity to the core of Downtown Memphis and the Mississippi River. Whatever the reason, South Main is poised for thoughtful, dynamic growth. Here's what's in the works:
CENTRAL STATION REDEVELOPMENT. $55 million
A movie theater, hotel, restaurant and apartments are included in plans
to redevelop the 100-year-old Central Station and adjacent property.
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HOTEL CHISCA RENOVATION, $27 million
Taking up an entire city block, this 100-year old building was vacant and
blighted for decades. Construction is underway to convert the historic
hotel into 159 apartments with a ground floor restaurant and retail space.
TENNESSEE BREWERY AND THE WASH HOUSE, $28 million
This project includes the renovation of the historic 125-year-old Tennessee Brewery into 58 apartments with commercial space on the bottom. An adjoining four-story building to be called The Wash House will include 90 apartments.
A 349-space parking garage is planned for the vacant lot across the street.
MAIN TO MAIN MULTIMODAL CONNECTOR PROJECT, $30 million
Downtown Memphis received a $15 million federal transportation matching grant ($15 million coming from other sources) that will make infrastructure improvements along Main Street from Uptown through South Main, including new sidewalks, street paving and plantings. Work is underway now. The project also includes transforming the Harahan Bridge into a bike and pedestrian path over the Mississippi River.
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THE ARTESIAN $28-$33 million
Construction is nearing completion on this 16-story condominium tower that previously went into foreclosure. The upscale complex will include 155 units, restaurant and high-end amenities that cater to the residents. The project also includes a 250-space garage.
266 MEMPHIS LOFTS, $17.8 million
This three-building project will include 145 residential units in two of the buildings and a restaurant, bar and commercial space in the other building.
The three buildings will be connected by a shared courtyard. Construction is expected to start in the spring of 2015.
HALLORAN CENTRE FOR PERFORMING ARTS & EDUCATION, $12 million
This new state-of-the-art facility now is being built in the parking lot just south of The Orpheum and will allow the theatre to grow its performing arts programs and increase participation to more than 100,000 theatre arts lovers each year.
722 RIVERSIDE DRIVE, $10+ million
Construction of five four-story buildings in the vacant block at Carolina and Riverside will include residential and retail.
SOUTH MAIN ARTSPACE LOFTS, $13 million
South Main Artspace Lofts, an adaptive reuse of the former United Warehouse, will offer 44 live/work spaces as well as 28,000 square feet of commercial and community spaces for performances, galleries and events.
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BLUES HALL OF FAME, $3.5 million
Spearheaded by the Blues Foundation, this effort puts the Blues Hall of Fame rightfully in Memphis. Housed in the Foundation's 7,700-square-foot basement at 421 S. Main St., the Hall of Fame is expected to draw as many as 30,000 people in its first year. The Hall of Fame opens in May 2015.
OLD DOMINICK DISTILLERY, $5 million
The conversion of this 1920s 54,000-square-foot warehouse on Front Street will include a distillery and tasting room. Developers expect the tasting room to be open in the fall of 2015.
PRINTERS ALLEY LOFTS AND ANNEX. $3 million
Printer’s Alley on Front Street includes revamping a 24,600-square-foot existing structure for 20 loft-style apartments and erecting a three-story building on its parking lot for nine townhomes, retail space and 17 secured parking spaces.
SOUTH MAIN JUNCTION APARTMENTS, $26 million
Construction is complete on some phases and underway on others on this
281-unit apartment community between Carolina and Florida Streets.
CRESCENT BLUFF APARTMENTS PHASE 2, $10 million
Construction of 172 affordable apartments on Crump between Main and Virginia.