NAPLES

The space that once housed Bellini and Paddy Murphys in downtown Naples is getting a facelift, and new restaurants and shops are on the way, but some in Naples arent so excited.

I came here to pay respects to this building, part of the culture on Fifth Avenue, said Rich Muller, a long-time Naples resident who brought his son to the demolition site.

The buildings are 50 years old and Muller says he and others may have had memories here that could be lost.

How many lives have been touched by this building? How many families owned businesses? How many people actually walked inside and experience something? he asked.

Bellini Italian Restaurant and Paddy Murphys Irish Pub in the 400 block of Fifth Avenue South will be gone in a few days. Demolition crews have already leveled the land where Citrus Restaurant once stood.

Property manager Matthew Slaughter is looking ahead to what the future of Fifth Avenue could be. We felt the time was right to build new at Fifth at this point and be part of Naples on Fifth Avenue for the long term.

So far, the plan includes a 15,000-square-foot building with restaurant space and a second-floor prime with office space. The plans also include solar power.

Some of the plans are to have a beautiful patio that is made of landscaping, and green improvements including solar if theyll allow it, Slaughter said.

John Leonard considers Naples his second home since he works across the street from the project. Hes excited about what it could become.

I think its a good thing. In my opinion, the buildings were outdated. Weve got some brand-new buildings around here and Im hoping that the construction here, the new construction, is going to be similar in style to these buildings, said Leonard.

Leonard and others who frequent Fifth Avenue could find out sooner rather than later what will go up. Developers hope to be finished with the project by August 2021.

But Muller is still sad to see his favorites go. Its exciting to see something new coming but at the same time, [a] very sad moment realizing were losing history.

Slaughter said that Bellini and Paddy Murphys could reopen once construction is finished.

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New restaurants and retail shops headed to 5th Ave in Naples - Wink News

After work stopped for a few weeks this spring, crews returned to the site of The Vanguard in Downtown Boise and the project started to rise.

The Vanguard calls for 75 residential units in an 8-story building at the corner of 5th St. and Front St. in Downtown Boise. The plan also calls for retail space, a rental office, dog wash and bike storage on the ground floor. The project started sprouting up on the former site of the BizPrint warehouse, just behind the Basque Block.

The development does not include parking, but sits next to the newly-built 5th and Front parking garage.

Ithaca, NY-based Visum Development is behind the project. Work started over the winter with the demolition of BizPrint. Initial work on the buildings footings started, but stopped after the COVID-19 pandemic started impacting Boise. Workers removed a mobile crane on the site for a time, before returning it later last spring.

Now, work continues on the footings and ground floor, though the project hasnt started to move skyward beyond the first-floor concrete work.

Visum has not released pricing for The Vanguards units, and a completion timeline isnt yet known.

[Going Up: Makeover converting aging Boise hotel into small housing units]

The Vanguard joins a flurry of residential projects along the Front & Myrtle corridor. RoundhousesCartee started last fall, as didOpus Developments River Caddis. Gardner Co.began work on Park Place Apartmentslast summer.

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Construction resumes on The Vanguard apartments in Downtown Boise, ID - boisedev.com

The Menkiti Group has signed Capital One Caf to a 3,700-square-foot lease at MLK Gateway, a planned two-building, mixed-use project currently under construction in Washington, D.C.s Anacostia neighborhood.

The opportunity to have Capital One Caf join us as a tenant at MLK Gateway further delivers on our mission to enhance historic Anacostia with neighborhood offerings that support community engagement and economic vitality, Bo Menkiti, the Menkiti Groups CEO, said in a release.

The project is situated at the corner of Martin Luther King Jr. Avenue SE and Good Hope Road.

Phase 1 of the MLK Gateway, which broke ground in January, will consist of 14,600 square feet of ground-floor retail underneath 20,000 square feet of office space, which is leased to technology company Enlightened.

Phase 2 will see the city Department of Housing and Community Development take 55,000 square feet for its headquarters, as reported in Commercial Observer last month. The building is proposed to consist of nearly 130,000 square feet.

The first phase is expected to deliver in early 2021, while phase two is projected for July 2022.

This marks the third D.C.-based caf location for Capital One, joining those located at 732 7th Street NW in Chinatown and 3150 M Street NW in Georgetown.

Capital One Cafs are not only a place to get help with accounts or focus on financial wellness, they serve as a convening space for the local community, Jennifer Windbeck, Capital Ones senior vice president, said. Our investment in the Anacostia MLK Gateway location gives us the chance to bring that experience to another important D.C. neighborhood, complementing our existing network of Cafs and branches.

The company first introduced its Cafs in 2011 after it acquired ING Direct, a bank that had held the rights to the Caf concept since 2001. After seeing success with its initial offerings, the concept has grown to 34 Capital One Cafs in 12 markets nationwide.

Originally posted here:
Capital One Caf Set to Open Third DC Location in Anacostia - Commercial Observer

Draper and Kramer, Incorporated, has started construction on a seven-story, 120-unit mixed-use development at 949 W. Dakin Street in Chicagos Lakeview neighborhood. Located across the street from the Sheridan Red Line station and two and a half blocks north of Wrigley Field, the transit-oriented development replaces a single-story structure whose tenants included Ace Hardware, which is expected to fill a portion of the 13,000 square feet of retail space that will be located on the lower level of the new building.

Our development at 949 W. Dakin fills a niche in the local apartment market by bringing a boutique rental property to one of the North Sides most popular neighborhoods, said Todd Bancroft, Draper and Kramers CEO. Wrigleyville, in particular, has seen a wave of new mixed-use projects that have transformed the area into a year-round destination for visitors and, increasingly, a full-time home for Chicagoans drawn to the areas numerous amenities, including convenient access to the lakefront and public transit.

The development pays homage to the neighborhoods historic apartment buildings with a facade of dark red brick and large windows that allow for abundant natural light within residences and common areas, said Ed Polich, Draper and Kramers executive vice president of real estate. The goal was to design a building that is appropriately scaled to the site and seamlessly integrated with the streetscape while delivering modern interiors on par with many of Chicagos best boutique apartment buildings.

Designed by Sullivan, Goulette & Wilson Architects, 949 W. Dakin will include 108 one-bedroom/one-bath and 12 two-bedroom/two-bath units, with floor plans ranging from 620 to 1,040 square feet and rents starting at approximately $1,900 per month. Residences will feature 9-foot, 4-inch ceilings with exposed structural elements; modern kitchens with stone countertops and stainless steel appliances; full-size washers and dryers and walk-in closets.

Outdoors, the buildings rooftop deck will offer views of Lake Michigan and Wrigley Field, with grilling stations, outdoor dining tables, separate lounge chairs, a TV viewing area and several fire pits.

Indoor amenities include a large ground-floor lobby with floor-to-ceiling windows, several gathering areas with couches and chairs and long tables that can be used for casual meetings. Residents will also be able to sip coffee at a counter overlooking the street or check the train status on a CTA transit video monitor. Other first-floor amenities include a private clubroom with a bar/kitchen, fitness center and heated bike room. A coffee shop, the Lakeview Ace Hardware and two additional retail spaces ranging from 1,300 to 2,200 square feet will also be located at street level.

Residents will be walking distance to all of Wrigleyvilles famous sports bars and restaurants. Just outside of the ballpark is Gallagher Way, an open-air park that hosts gameday activities and other seasonal programming. Also, just four blocks to the east, bikers, runners and walkers can enjoy Chicagos scenic Lakefront Trail, an 18-mile path along the Lake Michigan shoreline.

Draper and Kramer financed the project through the Chicago regional office of the U.S. Department of Housing and Urban Development (HUD). Gershman Mortgage acted as the HUD lender in the transaction.

Leopardo Construction is the general contractor on the project and expects to deliver the apartments in August 2021.

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Draper and Kramer starts construction on TOD near Wrigley Field - REjournals.com

An artistic rendering of the Milwaukee Junction Apartments set to open May 2021. It will offer 20 affordable housing units near Detroit's New Center neighborhood.(Photo: City of Detroit)

Affordable housing is coming to Detroit's Milwaukee Junction neighborhood in 2021 toaddressincreasing rent in the New Center area, the city of Detroit announced Tuesday.

Twenty out of 25 units in the new Milwaukee Junction Apartmentswill have monthly rent ranging from $454 to $945 based onaverage median income with water bills included. Construction beganon thefour-story development in May and will costabout $8 million, according to a news release.

The building is expected to open May 2021.

We know that those who are making the least sometimes need the most help, said Cleophus Bradley, director of community development for the Detroit Catholic Pastoral Alliance,in the release. The faith-based nonprofit is developing the apartments with Bingham Farms-based MHT Housing, a nonprofit housing organization.

We also believe that affordable housing done right, that does the most good, means creating housing options that are every bit as good as non-affordable housing," he said. "Just because they cannot afford to pay more does not mean they deserve less."

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The Michigan State Housing Development Authority'sLow-Income Housing Tax Credits program, the city's Housing and Revitalization Department and the Detroit Housing Commission arehelping financethe development.

The property will be required to remain affordable for at least 30 years.

It is so important that we create developments and neighborhoods with Detroiters of all walks of life together instead of sectioning off people based on their income. It also creates affordable housing opportunities in an area experiencing rising rents,"Donald Rencher, director of the Housing and Revitalization Department, said in the release.

The22,845 square-foot building at258 E.Milwaukee St. will be within walking distance of bus and QLINE stops.About 1,800 square feet ofretail space is planned for the ground floor.

Units will include central air conditioning, in-unit washers and dryers and energy efficient LED lighting.The building also will feature a community area for residentsand rooms formail, bike storageandmechanical equipment.

When it is completed, this project will give Detroiters who may have felt they'd never be able to afford to live in a new building in a growing neighborhood the opportunity to do so,"Mayor Mike Duggan saidin the release.

In March, the city announced a six-team Preservation Partnership to maintain 10,000 affordable housing units with federal tax creditsthat are set to expire.The public-private partnership will identify buildings that can offer low-income rent based on the condition of the building and helpredevelop them.

Last year, the Detroit Catholic Pastoral Alliancebuilt a $9.5 million,36-unit affordable housing development on 9100 Gratiot Ave., near Eastern Market. After seeing the cost of rentgo up in and around the New Center area, the group decided to increase affordable housing in the neighborhood, Bradley said.

Continental Construction andManagement, a subsidiary of MHT Housing, will manage the new building.

Contact Nushrat Rahman: nrahman@freepress.com or 313-348-7558. Follow her on Twitter: @NushratR.Become a subscriber.

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Most apartments in complex near Detroit's New Center will have $454 to $945 monthly rent - Detroit Free Press

Central Place Sydney, a $2.5 billion commercial development that will contribute to Tech Central in Sydneys Central Business District, will comprise new commercial buildings and public realm improvements that will enhance the southern gateway to the CBD.

The project will comprise approximately 1.6 million sf of office and retail space and be one of the most sustainable commercial developments in Australia, powered by 100% renewable energy, with workplace environments that integrate nature and a range of amenities.

Central Place Sydneys focal point is a major new civic space wrapped with activated retail edges, enriched by two commercial towers and a landmark central building. It will redefine the precinct, completing Sydneys vision for a third square, Fender Katsalidis Design Director Mark Curzon said in a release.

The design features two commercial towers, rising 37 and 39 stories, woven together by a low-rise building that anchors the development and enlivens the precinct at street level. The two towers are expressed as three individual forms in order to reduce their visual density. The building podiums are distinguished from the towers above, each with a height, massing, and material palette that complements adjacent heritage buildings. Landscaped public spaces surround the buildings meant to enhance connections between neighboring communities and the citys most prominent commercial axis.

The central building ascends in a series of tiers that are staggered to open up garden terraces and views at each level. The ground floor is highly permeable and accommodates a retail experience that flows into the plaza, while the upper commercial levels will be linked to the new towers to create campus-style floorplates.

Each floor is conceived as a unique neighborhood, connected by winter gardens, mixed-mode environments, light-filled atria, and outdoor terraces. Workspaces will be highly flexible, with the possibility to be combined and expanded both within and between floors. The adaptable spaces will be able to accommodate technology companies as they evolve in scale and cultural.

The buildings will be naturally ventilated via operable windows and an automated, AI-controlled facade system. The facade system, which the architects claim is the first of its kind in the world, will use AI technology to shade the interiors from direct sunlight and reduce heat gain throughout the day.

Central Place Sydney will be the focal point for the burgeoning Tech Central precinct and civic space, which will also include the new HQ for Atlassian, a building that is set to become the worlds tallest hybrid timber tower.

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New Sydney towers will have the world's first AI-driven facade system - Building Design + Construction

An artist's rendering of the proposed Watermark at Spring Creek apartments at S. Shields Street and Prospect Road.(Photo: Studio M Architecture & Planning)

Watermark Residential, a national developer of upscale apartments, is the latest potential developer of land owned by Blue Ocean Enterprises at the southeast corner of Prospect Road and South Shields Street.

The company is proposing 348 high-end units in 10 buildings north of Spring Creek Trail in central Fort Collins with 3,000 square feet of commercial space. Nine buildings would be three stories; one would be four stories including commercial space.

Retail: Strong sales at liquor, grocery stores during COVID-19 a bright spot for Fort Collins

Units include open floor plans, walk-out balconies or porches, and high-end finishes, according to conceptual plans filed with the city of Fort Collins. Forty percent of units would be one bedroom, 50% two bedrooms and 10% three bedrooms ranging in size from 682 square feet to 1,360 square feet.

Plans for the 20-acre property have gone through several iterations and potential developers, the latest of which was Terra Development Group that proposed an unspecified number of units in six buildings.

The property is owned by North Spring Creek PropertiesLLC whose address is listed at 401 W. Mountain Ave., the same address as Blue Ocean Enterprises, the real estate development company formed by Curt and Nancy Richardson, founders of Otter Products.

Two years ago, Watermark proposed 300 high-end apartments in north Fort Collins, on a largely undeveloped tract that runs from Spaulding Lane south to East Willox Lane.

It is unclear if that project is going forward. Watermark officials did not immediately return calls seeking comment.

MEET REPORTER PAT FERRIER

I track business and development trends including how and why our area is growing as fast as it is, who's benefiting, who's being left behind and how the community is handling the impacts. Support my work with a subscription today.

Watermark says in its company overview it focuses on development of Class A apartments in affluent suburban locations in the Midwest, West and Southeast.

The 12-year-old company targets sites close to new retail, upscale single-family homes and employment centers, while being visible and accessible from major thoroughfares. Rents are market based.

The site is close to the Colorado State Universitycampus but the apartments are designed to be market rent not geared to students, according toplans.

Average apartment rents in Fort Collins were $1,522 permonth earlier this year, according to RentCafe, but can approach $2,000 permonth for high-end units.

Several new apartments, many geared toward students, are opening this year. Union on Elizabeth opened in July with about 400 bedrooms. The Standard on Prospect Road is just finishing construction on 230 units with 794 bedrooms and will be ready for occupancy in fall 2021.

By The Group Inc. Real Estate's estimation, Fort Collins can absorb an additional 1,500 rental units a year.

Housing: Apartments project is latest residential proposal for North College Avenue area

Pat Ferrier is a senior reporter covering business, health care and growth issues in Northern Colorado. Contact her at patferrier@coloradoan.com. Please support her work and that of other Coloradoan journalists by purchasing a subscription today.

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348 'luxury' apartments now planned for Prospect and Shields site in Fort Collins - Coloradoan

Peru Mall will be renamed The Crossroads at Peru, a residential-commercial mix, and about half of it will be demolished to make room for free-standing buildings and apartments.

The Peru Planning/Zoning Commission approved GK Real Estates overall game plan, which includes multiple variances and rezoning petitions, but several hurdles await. The full Peru City Council has to vote on it, and construction wouldnt begin until late spring 2021.

And City Engineer Eric Carls said he wants a redevelopment agreement to ensure were going to have something at the end of the day and were not in a situation where we have a bait-and-switch.

Representatives speaking on behalf of GK Real Estate said a redevelopment is forthcoming and GK will go all-in with $30 million at stake in the residential component alone.

Why a retail-commercial mix? Andy Patras, director of development management for GK, said the traditional enclosed model is dead and the internet is a big reason why. Hundreds of department stores have closed or soon will close Eventually, we dont believe there will be a department store at all. and a window-less building in a sea of asphalt wont attract retailers and restaurateurs.

We understand a lot of nostalgic feelings people have for Peru Mall. It comes up a lot, Patras said. (But) theyre never going to revert back to their heydays when they were filled with people. Its not going to come back.

In its place will be reduced commercial space the movie theater, for one, is staying with four residential buildings, three stories high with 39 units apiece. Mary Riordan, an attorney for GK, said the apartments are one- and two-bedroom units and arent geared toward families with children.

These are for empty nesters and younger professionals, she said.

GK Real Estate plans a live-eat-work-play model where everything is at your fingertips when you walk out the door, Patras said.

Other proposed features are a new ring road that parallels Route 251 plus a series of out-lots accessible via Route 251. The property will undergo a great deal of landscaping.

Its not a pretty looking place, Riordan said. It needs a lot of work. The parking lots are decrepit. Its going to take a lot of work and a lot of investment.

Riordan noted GK wants to rezone the property as a whole in the same zoning category as surrounding parcels. The retail-housing mix should boost nearby property values.

Developers estimate theyll need 10 months to get through the design and construction documents. Once permits are in hand, construction will take 16-17 months.

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Developer: Half of Peru Mall coming down, to be replaced with 3-story housing - LaSalle News Tribune

PORTAGE, Mich. Portage homeowner Vaughn Gerber has concerns surround a proposed tree preservation and replacement ordinance in Portage.

"It is essentially an infringement on the rights of the property owner to do what they want with the property," Gerber says.

Essentially the ordinance, if approved, will require property owners to get a permit to remove a tree from their own property if they own more than one acre.

"The property owners own the trees, right? We should have sole dominion over those trees as was provided to us by the framework of our country," says Gerber.

The city says it's proposing the ordinance after feedback from residents who say there has been a significant amount of clear-cutting throughout the community.

"The city is going one step too far with us," Gerber retorts. "If they want to make it to where it's harder for developers to clear a lot, or they push developers to replant ... rewrite the ordinance for that. Leave the residents out of it."

The City of Portage argues the ordinance would not require a permit to remove a dead, dying, or damaged tree.

However, Gerber says he's still worried about money when the permit is required. "The financial impacts to individual homeowners are huge."

Per the ordinance, residents would be expected to pay to remove the tree and pay to replace it. If they don't replace the tree, then they would need to contribute to a city tree fund.

"So, if they're going to take out a tree, you've got a tree that's 24 to 36 inches in diameter, it's going to cost a couple thousand dollars just to take the tree out," remarks Gerber, "let alone paying in a couple thousand dollars, or to the city to pay a couple thousand dollars, to replant trees on top of it. The financial impact on homeowners is huge."

Gerber also tells us he's concerned his neighbors aren't aware of this, but the City of Portage says they've done their part in making the public aware. "We have published an article advertising the date of the public hearing in the August 2020 Portager newsletter," the city told FOX17 in a statement. The newsletter is sent to every Portage resident. "We utilized our social media outlets, the city website, as well as publishing a legal notice in the local newspaper and at City Hall."

Gerber encourages his fellow Portage residents to show up at Thursday evening's planning commission meeting. "Show up, show up, and voice your concerns with it," he urges.

Gerber's hope is that the ordinance will be revised to hold developers accountable for trees on their land but not private property owners.

The City of Portage points out that this is a draft of the ordinance, and what the planning commission hears Thursday night may change the ordinance content.

It's also important to note this ordinance applies to property owners with more than one acre, and The City of Portage says nearly 90 percent of all properties would not be impacted.

The City of Portage's full statement to FOX17, in response to Vaughn Gerber's concerns, is posted below.

Statement to FOX 17 WXMI-TV Regarding Proposed City of Portage Tree Preservation and Replacement Ordinance August 19, 2020

The city is proposing the Tree Preservation and Replacement Ordinance because over the last several years, there has been a significant amount of clearcutting throughout the community. The city was encouraged to bring forward this ordinance by Portage residents voicing their concerns about the removal of so many trees in the city. The purpose of the proposed ordinance is to preserve the natural landscape of the community and prevent clearcutting of important trees, while still encouraging growth and development.

The proposed ordinance would never require a permit to remove dead, dying or damaged trees, or trees of an invasive species. A permit would also not be required to remove trees on a property less than one acre in size, unless the tree is a Heritage tree a tree unique due to its size, form, species or historic significance.

The ordinance would require a permit to remove a protected tree - a tree six inches or more in diameter and located outside of a construction envelope. A construction envelope is the area that is proposed to contain building(s), utilities, sidewalks, roads, etc. for a new home, a residential subdivision, office, retail or industrial building and associated site improvements. The construction envelope might also include a pool, deck, shed, etc. on a residential property. In either case, a plan would need to be submitted to the city prior to construction. This plan would show the building location (building envelope) or if a new residential subdivision, all proposed public utility improvements such as the road, water and sanitary sewer mains, and sidewalks (public infrastructure envelope).

If the resident cannot replace the tree on their own property, they must pay into a tree fund for the amount the replacement trees would cost. The option of contributing to a tree fund is an alternative for a property owner if they do not wish to or cannot replant trees on-site. Contributing to the tree fund wouldnt cost any more than planting a replacement tree themselves. The money deposited into the tree fund would only be used to plant trees on publically owned land, resulting in an enhanced community landscape.

it also applies to any property owner that owns 1 acre or more and depending how the draft ordinance is read it may apply to property owners with less than 1 acre if the tree is deemed a 'Heritage Tree'. Property less than one acre and occupied by a habitable building would be exempt from the proposed ordinance, unless the tree removal involves a heritage tree (see Section 24-164(K) of the proposed ordinance). Dead or dying trees, emergency situations (threat to life and property), tree management plans, among others, would be exempt from the proposed ordinance. Nearly 90% of all properties in Portage would not be impacted by this ordinance and 82% of those properties are residential properties.

If the city passes this ordinance, they are effectively tying up the equity a property owner has in their trees and holding it hostage. Unless the property owner runs a business, this statement is not true. On the contrary the proposed ordinance preserves the value of the land. The draft ordinance is modeled after a Michigan communitys ordinance, on which the Michigan Court of Appeals has ruled. The ruling stated that such an ordinance will achieve a preservation of important physical, aesthetic, recreational, and economic assets for both present and future generations and concludes that preserving woodlands and regulating tree removal is beneficial to the health, safety, and general welfare of the Township residents by preventing erosion and flooding, reducing noise and pollution, and increasing economic value in the land. The court continued, These are both reasonable and legitimate concerns for the Townships ordinance, and the regulations contained in the ordinance are specifically related to those interests.

we suspect the city is trying to fly this under the radar and make it effective without property input. While this matter is being brought up now, the city has been developing this ordinance since before the COVID-19 Pandemic hit. Due to the Governors Executive Order, only ten individuals may be in the Council Chambers at a time; however, every person who attends in person and wishes to have their comments heard will have that opportunity. City staff will stage people in excess of the 10-person limit in other rooms where they can view the meeting broadcast, and cycle them into the Council Chambers as space becomes available. Individuals may also take advantage of the phone-in feature by calling 844-854-2222, access code 529853#. Questions or comments may be voiced during the public hearing by pressing *6 to enter the queue. The City of Portage has successfully held public meetings during the COVID-19 pandemic with significant input from residents. We anticipate that we will continue to have the same success with this meeting.

Wed like to bring this proposed ordinance to the forefront and make sure the residents truly know what their city government is trying to do. The City of Portage has gone above and beyond our normal notification process. We have published an article advertising the date of the public hearing in the August 2020 Portager newsletter (which is delivered to every Portage mailbox). We utilized our social media outlets, the city website, as well as publishing a legal notice in the local newspaper and at City Hall. Its important to note that the proposed ordinance is in draft form. Based on feedback that we hear during the public hearings, the ordinance content may change. This is the first of several opportunities for the public to voice their opinion prior to final consideration of the ordinance by City Council.

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Proposed ordinance would require permit to remove trees from property - Fox17

Memphis and its environs have been amping up commercial developments in recent years. It looked like nothing would stop the boom until 2020 came along and flipped everything over. In a matter of months, the world experienced a pandemic, an economic collapse, and a growing social justice movement. But dont underestimate momentum and hope. As of this writing, the stock market is humming merrily along and the builders are still building.

We take a look at a couple of local commercial development projects that are moving along, undeterred by the upheaval. And we examine whats been going on in the hospitality industry, which Memphis relies on heavily and did take a big hit.

By Jon W. Sparks

Gary Prosterman likes to get into his projects quietly. Keep your head down and do your thing, he says.

And so its been with his development in the Edge District. His Development Services Group (DSG) started acquiring properties there five years ago quietly and has been taking it a step at a time, looking for the best solutions to make the neighborhood as vital as possible.

Prosterman is quick to acknowledge that he wasnt the one first on the scene with big ideas. There were pioneers there even before we were, he says. Pinkney Herberts Marshall Arts. Mike Todds neighborhood association, calling the area The Heart of Memphis, the Edge of Downtown. The High Cotton Brewing Company. The Edge Alley coffee shop and restaurant.

The area extends roughly from Sun Studio on the east end to AutoZone Park on the west, and Jefferson Avenue to the north and Beale Street to the south. The street configurations were long ago determined by railroads and rail spurs, most gone now although one still runs up next to the old Memphis Publishing Company building that used to deliver huge rolls of newsprint to The Commercial Appeal and the Memphis Press-Scimitar.

In the middle of the twentieth century, the Edge was packed with automobile dealerships. Elvis Presley got his start in the neighborhood at Sun, and spent many dollars at the nearby Cadillac dealer.

But the Edge has been looking for a new identity and some people, such as Todd and Prosterman, see how it can deliver as a residential, commercial, retail, and cultural center.

Were probably most proud that there are so many projects beyond the pieces of property that weve acquired that have developed and are continuing to develop, Prosterman says. Already in the neighborhood are a mix of businesses, including PKM Architects, the Edge Motor Museum, Chef Tams Underground Caf, Karen Adams Designs, Holliday Flowers. And looming large is the old Memphis Publishing Company building that recently underwent a $51 million build-out into a hospital facility for potential COVID-19 patients.

But Prostermans plans are doing much to define the area. One of his most significant and earliest contributions was the Orion Federal Credit Union headquarters where the old Wonder Bread Bakery had been for years.

We had acquired the entire bakery and intended to do adaptive reuse of the part that we thought was architecturally significant, he says. The idea was to develop it for Orion and be the landlord, but to accommodate the credit unions vision would have meant charging rent well above market, so it was agreed that Orion would buy it. It frankly exceeded everyones expectations, Prosterman says. Its probably the coolest office space in Memphis.

The Rise the nearby 199-unit apartment building is complete along with the 481-space parking deck. Although most leasing tours are virtual due to the pandemic, the leasing has gone better than expected and DSG hopes it will be fully occupied by fall. The tenant breakdown is about 60 percent to 70 percent working or studying at one of the nearby healthcare facilities, and the rest, as Prosterman says, see it as a cool place to live. He calls it a very current high-end suburban type property but in the middle of the city with a club room, fitness center, and swimming pool that he says is rare for this part of town.

Across the street from Orion is LEO Events, which wanted to own its space. LEO is on the ground floor and Montgomery Martin general contractors has an office on the second floor.

What may be the most intriguing part of the development is what will be the Ravine Park. Its an abandoned rail easement that runs from about Madison and Lauderdale south to Union Avenue. We acquired the old Glass Factory building [on Madison], Prosterman says, which included the easement. Construction has begun on converting the easement into a public park.

The 30,000-square-foot Glass Factory building will become a brewery and tap room for Memphis Made Brewing Company. This will be in addition to its plant in the Cooper-Young area that it will keep.

The Memphis Cycle Shop building sits on Monroe at Lauderdale. Its not in good shape but has fine architecture and DSG is looking to list it on the National Register of Historic Places and develop it with opportunity zone funds. Prosterman hopes to get that project under way in the fourth quarter of this year.

Throughout the year, hes had to deal with the pandemic in one fashion or another. We definitely have hit a bump in the road with COVID, Prosterman says, noting that the neighborhood wont reach full potential until what hes doing is supplemented by more retail, restaurants, coffee shops, and other such enterprises now most severely affected by the crisis. He, however, is able to continue with what hes been working on in the Edge for five years.

Were going to keep doing what were doing, he says. Were fortunate to have the capital partners that we have and fortunate that Im not at the beginning of my career, or we wouldnt have the staying power to keep going.

By Samuel X. Cicci

The coronavirus has wrought havoc across the country, but the sucker punch delivered to the hospitality industry hit especially hard. In the month of May, we ran a 17 percent occupancy, says Wayne Tabor, president of the Metropolitan Memphis Hotel & Lodging Association (MMHLA). That month normally runs up in the 80s.

Downtown Memphis has borne the brunt of the hospitality storm. With tourism, meetings, and conventions all significantly reduced, large hotels have a surplus of space, and few visitors to fill it. Smaller economy and mid-scale hotels farther east have been performing better, but the overall numbers are still low. The percentages have been creeping back up, however, with a few twists along the way.

At the end of June, hotel occupancy rates sat at around 50 percent still not great, but significantly better than nearby markets like Nashville and New Orleans. According to Tabor, the uptick came when Beale Street and restaurants were allowed to reopen. Demand has started building back up a little bit, says Tabor. But Downtown, in June and July, we need to be at 80 percent.

I think were in a plateau period right now, Tabor said in an interview in mid-July. We started trending upward, but with everything going on, its difficult. Im trying to make sure we stay in business, but I dont want anyone to catch the virus.

With the number of Shelby County cases surging in recent weeks, as of this writing (mid-July), the path back to where hotels need to be might be further away than anticipated. With bars shuttered once again in July and restaurants at a reduced capacity, hotels look to an influx of small meetings.

In Phase Two [of the reopening stages], were only allowed to host meetings of up to 50 people, Tabor says. Youre not going to see a lot of meetings with only 50 people. Phase Three will take us up to 200, and thats what well need to start getting back to where we need to be.

Hospitality has one major advantage: a long history of innovative sanitation practices. Cleaning and sanitation is our business, says Tabor. And that holds whether were in a pandemic or not. Even before this came along, we were always looking at ways to keep people safe from everyday viruses and sicknesses.

Along with cleaning procedures, some safety strategies may see an accelerated implementation. Most major brands were already experimenting with these innovations, says Tabor, but something visitors should get used to seeing is an app that can handle most guest functions: Think mobile check-in, scanning a phone to open a door, or settling the bill remotely. Other approaches rehaul the mini-fridge concept. Instead of snacks and liquor in their rooms, guests now have a full complement of sanitation products. At economy hotels, breakfast buffets are replaced by pre-packaged goods. If a tourist has concerns about any aspect of the hospitality experience, its a safe bet that hotels will have come up with a countermeasure or alternative to keep the experience as safe as possible.

Downtown has been the strongest market for Memphis traditionally, and Tabor expects it to get back to the top. I dont know if well have that V-shaped recovery we want, but well get through it.

By Samuel X. Cicci

When the pandemic hit, Carlisle Corp.s One Beale Project found itself well-poised to weather the storm. The 2019 trade tariffs on China had caused the developer to explore alternate supply chain options for necessary materials, so by the time international industry ground to a halt earlier this year, One Beale was in fine shape. The projects first phase, the 232-room luxury apartments, is ahead of schedule, with pre-leasing expected to begin this fall. Meanwhile, the 227-room Hyatt Centric at Beale and Front is set to open in February 2021.

We were in the process of moving and sourcing a lot of stuff pre-COVID that became very beneficial when COVID did hit, says CEO Chance Carlisle. When China shut down for its new year [in February], we were worried that they werent going to re-open. Meanwhile, our partners in Hyatt also have an extensive hospitality footprint, so we were attuned to what was going on and could minimize those effects on our process.

And with construction green-lit as essential when the lockdown began in March, Carlisle Corp. went full steam ahead. It was a boon to this economy and our project specifically, says Carlisle. We were able to actually accelerate some of our schedules as other parts of the country shut down.

Carlisle Corp. will soon announce phase three of the One Beale project, a yet-unnamed boutique hotel. In the meantime, the developer is also putting plans together for the old Nylon Net building at 7 Vance Ave. The proposed apartments would leave Carlisle Corp.s fingerprints all over the riverfront.

Weve always considered the Memphis waterfront to be an untapped asset, for everything from public use to generating tourism taxes says Carlisle. Looking at the One Beale footprint, 7 Vance, and the Kemmons Wilson headquarters [the old Spaghetti Warehouse at 40 West Huling], there are five great parcels to develop. You can really build a close connection between Tom Lee Park and the rest of Downtown, and we see it as a natural extension to continue the residential and hospitality density there.

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Commercial Development in the Age of COVID - Memphis Magazine