MEMPHIS, Tenn. — Plans are moving to revitalize the tallest building in Memphis.
In June 2021, the Downtown Memphis Commission, in partnership with the Downtown Mobility Authority and the city of Memphis, issued a Request for Proposal (RFP) seeking a developer for the 100 North Main building and historic properties next to it.
Eleven proposals were introduced. Of the original 11, six moved forward to the finalist round and one was ultimately chosen as the selected proposal.
Kevin Woods, Billy Orgel, Jay Lindy, Adam Slovis, and Michael McLaughlin were picked to be the project's development partners.
"They prepared a very thoughtful and complex mixed use development package," said Elliot Embry with the Downtown Mobility Authority. "One of the key things was they were planning and are planning to reactivate the entire two acre site, which I think is very important in the core downtown. With the addition of parking garages and apartments, I think we're getting the best density use out of the site."
According to the Downtown Memphis Commission's website, the estimated development budget is $267,818,004. The existing tower will be renovated to include 180-210 apartments, a full-service hotel with 154-200 keys, renovation of the existing parking garage, and 60,000 sq. ft. of office space for the city of Memphis.
There will be 38,000 sq. ft. of retail, restaurant and rooftop amenities, new infill construction on the south half of the site, 140 apartments, and 3,000 sf of ground-floor shops.
The parking garage will have 352 spaces.
The exterior of the building will get a facelift, but will largely be preserved so the developers can access historic tax credits, which could provide more than $30 million for the project.
For more information on the project, click here.