Memphis development: New housing coming to Uptown; South Main to get new coffee shop
The Center City Development Corp. approved funding for the Uptown Cottages development and a new South Main coffee shop.
Source: yahoo.com
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Climate-related risk could be a major headwind for real estate investment | Building Design + Construction
The institutional investment capital that’s been flowing into real estate globally is expected to increase as an already rebounding economy expands. But there’s also a growing consensus among real estate professionals that environmental, social, and governance (ESG) elements will factor more impactfully—and uncertainly—into future development. Broader housing affordability is one of those elements that could create diverse workforces and drive equitable outcomes. Real estate prospects strong, but multiple risk factors loom.
Source: bdcnetwork.com
$6.5 million worth of street updates coming near University of Memphis
About $469,000 worth of projects has already been completed. That includes some crosswalk improvements, installation of parking lot lighting and installation of rumble strips. The district is centered around Highland, stretching as far north as Poplar Avenue and south just past Park Avenue. The district was approved by the Economic Development Growth Engine for Memphis and Shelby County in September 2016 to generate revenue for infrastructure improvements meant to draw more residents — including U of M students and faculty — and businesses to the area. In 2016, it was estimated the TIF ...
Source: commercialappeal.com