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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“I was originally attracted to Memphis for multifamily opportunities, but upon experiencing and studying the market, I found great opportunity in a variety of Downtown real estate,” he said.
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The Royal Furniture building on South Main Street near Gayoso Avenue has been sold for $3.5 million to make way for what will eventually become a mixed-use building.
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