From South Main to the Pinch District, Tom Intrator has big things on the horizon for Downtown Memphis. Like, all of Downtown.
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As 2020 kicks off, more than $5 billion in projects are underway in Downtown Memphis, according to the Downtown Memphis Commission.
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Companies Tom Intrator is invested in have continued to sell off local apartment buildings and purchase Downtown property.
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Four new hotel projects have joined Downtown Memphis' largest developments, adding hundreds more rooms to an already long list of hotels that are in various stages of planning and construction or have recently opened.
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The developer said density is key for the Pinch District because a significant amount of office space, apartments, and retail need to be built for any of them to be successful. If he just built the 940 apartments that are projected to be part of phase one, he doesn't think they would be leased.
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That intentional outreach, Intrator said, has the potential to raise the quality of business offerings along Downtown Memphis' Main Street while also welcoming more well-known national brands to the city.
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Whether through franchise agreements, management deals, or some other structure, Intrator will invest in all the restaurant and hotel operators filling his developments, he said.
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City Council members approved development milestones Tuesday, Dec. 3, in three major Downtown development projects.
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A Downtown board primed a big pump Monday, Dec. 2, approving a combined $306 million in tax incentives -- with another $143 million anticipated -- to let flow $1.4 billion in development on the east and north edges of Downtown’s core.
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New York developer Tom Intrator announced plans Wednesday for a $1.1 billion development in Downtown Memphis' Pinch District.
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In a Nov. 13 release, his development company, 18 Main LLC, made public a two-phase overview with the Shelby County Commission for a $1.1 billion, multi-block project.
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A billion dollar real estate development is brewing on the north end of Downtown, potentially book-ending an expanded Union Row project.
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More than $24 million in tax breaks were approved Tuesday to help spur about $100 million in development in Downtown Memphis' South Main neighborhood.
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Developer Tom Intrator and Downtown Memphis officials were talking the same talk Tuesday, Nov. 12, about the need to fill gaps among Downtown’s revitalization successes.
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Tom Intrator landed almost $20 million worth of tax breaks Tuesday — and revealed he had purchased another South Main property.
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