Overton square redevelopment memphis

Phase two, to include 96 units in four buildings on about three acres, is scheduled for kick off on June 1, with completion slated for December By Adriana Pop. October 21, By Amalia Otet, Associate Editor Loeb Properties, a Memphis-based commercial real estate firm, recently revealed new plans for the revitalization of Overton Square, designed to transform a once-vibrant area into a theater, art and entertainment district. The garage will be run by the city, and the plan is to keep the costs as low as possible.

No one's quite sure what that means yet, but expect it to be super cheap and possibly free during certain times. The garage will also have a basin underneath it that will solve the Lick Creek flooding issues without forcing the water into Overton Park. At the moment, there aren't any concrete plans for the now-empty French Quarter Inn, though a boutique hotel feasability study is in progress.

Also, there will be two plug-and-play outdoor stages for live music. The new and improved version of Overton Square should start to come together by this time next year Summer when the parking garage is completed. What you can do in the meantime: Continue to support the existing businesses in Overton Square, especially during the big, ongoing construction projects. It'll be a little less convenient, but it's important, especially if the new plans for the square are going to succeed.

Also, take a look at this map of Loeb's plans for the square and see where everything is going to be:. For more information about the Overton Square redevleopment plans, go here. Skip to content. The basin would collect the runoff instead of the floods going into people's homes.

However, Collins said more than , tourists drive Elvis Presley Boulevard each year to get to Graceland. Collins said even with a bustling tourist attraction, Whitehaven residents have lived without upgrades. Meanwhile, Overton Square has been a ghost town. But Strickland said he's not against redeveloping Elvis Presley Boulevard. Skip to content. Watch Live. I Bridge Shutdown. Back to School. School Day Forecast. That result would shut down the current revitalization efforts, news of which first surfaced more than a year ago and suggested a major shot in the arm was forthcoming for the storied landmark.

Tom Lowe , president of one of the two firms that are partners in owning and redeveloping the square, told The Daily News the current plan hinges on bringing in Kansas-based Associated Wholesale Grocers as a new retail anchor. The southern half of the property is under contract to Sooner Investment, which is the entity developing new retail that would include an AWG store.

AWG is one of the largest retailer-owned grocery wholesalers in the U.