What’s next for 100 North Main development

While market forces have slowed the project down, the development team hoping to breathe new life into the tallest building in Downtown Memphis say they are committed to the project and continue to move forward. 

At a Downtown Memphis Commission body meeting Wednesday, members of the team hoping to redevelop 100 N. Main gave an update of where the project was and adjusted projections, including cost. When proposed, the project was expected to come in at about $267 million. Now, the first phase is expected to cost $261 million.

Despite this, the team, 100 N. Main Development Partners, says it remains committed to the project and wants to start some preliminary work. 

“We remain very optimistic about this project and our ask today is to continue to move forward,” principal developer Kevin Woods said Wednesday. 

While no vote was taken by the Downtown Mobility Authority — which currently owns the tower and the sites around it, all of which are included in the redevelopment plan — the development team was given the go-ahead to begin demolition, at their own cost, prior to acquiring the property. 

The 100 N. Main Development Partners group consists of Woods, Billy Orgel, Jay Lindy, Adam Slovis and Michael McLaughlin.

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The development team has said it would reimburse the DMA for the purchase price of the site and is now looking to do that in phases, paying $5 million in the near future for the tower and $5 million at a later date for the rest of the city block. 

However, no development agreement has been signed between the development team and the DMA. The development agreement was originally intended to be signed over the summer but has been pushed back. A development agreement will have to be signed in the future and would have to come before the DMA before additional work could go ahead. 

The team on Wednesday provided additional renderings and some additional details about what could happen at the site, if redeveloped.

What is proposed for 100 N. Main

Plans previously submitted to the DMC by 100 N. Main Development Partners call for between 180 and 210 apartments, a full-service hotel and 38,000 square feet of retail, restaurant space and rooftop amenities. The existing 400-space parking garage adjacent to the tower would be renovated and an additional 352-stall parking garage would be added. 

Plans also show that there could be 60,000 square feet of office space for the city of Memphis.

Renderings show a pool and observation deck on the eighth floor, office space on floors 9-14, hotel rooms on levels 15-21, apartments on floors 22-35 and a second pool on one of the top floors. 

Two restaurants are planned, one on the rooftop and one at street level. The street level will also include the hotel lobby, a leasing office and retail space. 

Improvements will be made to the exterior of the building but it will largely be preserved in order for the developers to get access to historic tax credits, which could provide up to $34 million for the project. 

New infill construction is planned on the south end of the site, which is bordered by Main Street, Adams Avenue, Second Street and Jefferson Avenue. Plans for that call for 140 apartments and 3,000 square feet of retail. 

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The development team has provided some specifics about other parties that will be involved in the project. 

Winston Hotels will be the partner for the hotel space. Judith Johnson will be the preservation consultant for the project, while Grinder, Taber & Grinder will be the contractor.

Design Love Studio will be the architect on the project while Kimley-Horn will be the civil engineer and landscape architect. M & M Enterprises will manage the apartment units. Allworld Project Management will also be involved in the redevelopment effort. 

DMC President Paul Young said earlier this year he expects to see construction at the site next year. 

Corinne S Kennedy covers economic development and healthcare for The Commercial Appeal. She can be reached via email at [email protected]