Major changes are happening across Downtown Memphis. One area in particular -- South Main.
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In another big win for Downtown Memphis' South Main area, a New York developer is planning to pump $100 million into five projects.
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Headlined by a 178-room hotel and a 165-unit apartment development, New York developer Tom Intrator has plans to lead about $100 million investment in Downtown Memphis' South Main neighborhood.
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New York developer Tom Intrator is seeking tax incentives for more than $100 million in Downtown development, including a Dream Hotel Memphis and four smaller projects on South Main and Front streets.
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Tax break applications released Thursday reveal timelines, renderings, and costs for the string of redevelopments Tom Intrator is planning on South Main Street.
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Tom Intrator, a man who has made waves this year by buying more than $20 million worth of Downtown property, recently sold a 324-unit apartment complex.
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Tom Intrator has made headlines this year for numerous property acquisitions. But, his latest headline is from a big sale.
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Renowned hotel and brand management company Dream Hotel Group has announced plans to bring its Dream Hotels brand to Downtown Memphis, set to open in 2022.
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The New York-based investor just spent $2.43 million on parking lots at 388 N. Front St. and 367 N. Main St., which contain a combined .8 acres.
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New York-based Dream Hotel Group will build its first hotel in Memphis at 122 S. Main: a mid-rise tower that will incorporate and preserve the historic Royal Furniture building.
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The New York developer who purchased the Royal Furniture building in Downtown plans to transform the building into a 178-room hotel.
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The New York-based investor spent $3.5 million on the three-parcel parking lot at 364 N. Front St. — more than six times the amount it sold for in 2006.
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Tom Intrator has purchased another Downtown building for redevelopment.
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A New York-based developer is planning to pump millions into making South Main Street a more dense and active corridor.
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New York developer Tom Intrator has purchased three Pinch District properties: 400 N. Front St., 429 N. Main St., and 396 N. Main.
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