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Preservation Advocates Wary of Plan's Impact on Historic Pinch

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Preservation Advocates Wary of Plan's Impact on Historic Pinch Public Records & Notices View a complete day’s public records and notices at memphisdailynews.com. www.chandlerreports.com Tuesday, November 19, 2019 MemphisDailyNews.com Vol. 134 | No. 184 Rack–50¢/Delivery–39¢ Raleigh Springs Town Center spurred Smiths to invest nearby OMER YUSUF founded the Memphis-based com- estate sector. The Smiths also own a con- Austin Peay Highway in Raleigh. Courtesy of The Daily Memphian pany Marketplace Development Marketplace Development has struction company, Marketplace Hunter Smith said he enjoys A father and son are looking to in 2005. Wise, Hunter’s father, has become the preferred developer of Construction, which does the the whole process of developing, redevelop vacant, underutilized been involved in real estate as an local Family Dollar stores and has heavy work on a lot of their real including building personal and property in Raleigh that may soon architect for many years. been involved in the development estate developments. business relationships with their be surrounded by a flurry of new Hunter worked under his fa- of several O’Reilly Auto Parts loca- Their latest proposed com- retail tenants. and vibrant activity. ther for many years before seeking tions and urgent care clinics in the mercial project is an 8.5-acre site “That seems to be a big driving Hunter and Wise Smith out a different role within the real Memphis area. at the corner of Yale Road and RALEIGH CONTINUED ON P2 Developer Tom Intrator’s draft application to the Downtown Memphis Commission for tax incen- Preservation advocates wary of plan’s tives states: “18 Main acknowledges that the Pinch District has been listed on the National Register of Historic Places and agrees to make commercially reasonable efforts to secure construction bids in impact on historic Pinch connection with the Project that would preserve historic buildings to the extent possible (however 18 Main cannot be obligated to do so, where the associ- ated construction costs or anticipated lost income from the Project would make the Project financially infeasible).” If the 19th and early 20th century neigh- borhood on the north end of Downtown loses the historic designation, a potential source of financ- ing – historic preservation tax credits – could be lost for the old buildings that remain. These tax credits have played a part in key Downtown projects over the past 20 years, including the Tennessee Brewery and Court Square Center.Conceptual artwork and maps released by Intrator and 18 Main LLC indicate as many as six buildings listed as part of the Pinch- North Main National Register district are within the footprint of Intrator’s proposed development. Intrator, a New Yorker who has owned apartment communities in Memphis for about five years, has spent about $14 million acquiring property in the Pinch over the past year. He and Downtown Mem- phis Commission chief executive Jennifer Oswalt unveiled plans Wednesday, Nov. 13, for a Pinch devel- opment that would dramatically alter the north end of Downtown’s skyline with buildings as tall as 17-18 stories.Intrator, who has more than $100 million in adaptive reuse of historic buildings and new con- struction pending on the south end of Main Street, proposes 2.8 million square feet of development in the Pinch, including more than 400 hotel rooms split between two hotels, 1,500 residential units, 200,000 square feet of retail and 750,000 square feet Carriage driver Leo Sinclair and his pal Terry wait for the light to change on North Main as they pass historic buildings in the Pinch of office space. District on Nov. 15, 2019. (Jim Weber/Courtesy of The Daily Memphian) The Downtown Memphis Commission noted the Intrator plan “was informed by the 2016 Pinch Mas- WAYNE RISHER Shelby County Mayor Lee Harris, advocates are concerned the debate ter plan, whose guiding principles were heavily influ- Courtesy of The Daily Memphian then a state senator, convinced the state could be reopened by a new $1.1 billion enced by the history of the Pinch.”“Additionally, we Nearly five years ago the Pinch Dis- to back off a threatened delisting of the plan to transform the Pinch with mid- have been talking to other Pinch District landown- trict was at risk of losing federal historic Pinch from the National Register of His- and high-rise buildings. ers who are excited by the idea of highlighting the status because so many original build- toric Places in early 2015. Details of how the plan would affect a ings had been demolished. Memphis historic preservation handful of historic buildings are unclear. PINCH CONTINUED ON P3 INSIDE Public Records ................ 4 memphisdailynews.com chandlerreports.com Public Notices ............... 13 ©2019 The Daily News Publishing Company A division of The Daily News Publishing Company Memphis, Tennessee The standard for premium real estate Established 1886 • 134th year information since 1968 Call 901.523.1561 to subscribe Call 901.458.6419 for more information Page 2 MemphisDailyNews.com Tuesday, November 19, 2019 First 8 Memphis plans to serve 30,000 children and their families by 2025 OMER YUSUF Seeding Success officials spent the past Courtesy of The Daily Memphian four years developing the early childhood A new Memphis nonprofit centered on program, which ultimately became First 8 early childhood programming hopes to Memphis.First 8 Memphis’ early childhood serve 30,000 children and their families programming model begins with investing by 2025. in home visitation programs and expand- First 8 Memphis discussed its goals for ing that to child care, pre-kindergarten and the next six years during a press conference K-3 services. The nonprofit plans to release at Downtown Elementary School Thurs- more metrics in the future to measure its day, Nov. 14. progress. The nonprofit was formed this year to In its goal to serve 30,000 children and financially support and advocate for early their families by 2025, First 8 projects to childhood programming for children from reach 7,800 children through home visita- birth to age 8. tion programs, 4,000 through child care First 8 Memphis plans to invest in early services, 8,500 through pre-K and 9,000 in childhood programming beginning in 2020, grades K-3. said First 8 Memphis interim executive di- Its long-term goals mirror Shelby Coun- rector Regina Walker. ty Schools’ goals of 90% of children to be “To ensure the success of our children, kindergarten-ready and 90% of third-grad- we don’t want to move forward another five ers reading on grade level by 2025. or 10 years and we’re saying the same thing According to 2019 Seeding Success data, Mariah Clayborn learns about words that begin with the letter “I” in Natisha Gaither’s pre- about the problems,” Walker said. 52% of Shelby County children are kinder- kindergarten class at Downtown Elementary School on Thursday, Nov. 14. First 8 Memphis “Because of you and that everything garten ready and 24% of third-graders are officially launched Thursday during a press conference at the school. (Jim Weber/Courtesy of The that you do, we know that we’re going to reading on grade level. Daily Memphian) change the trajectory for our education, “If students are not reading on grade The nonprofit also serves as the fiscal if First 8 Memphis’ initiative is successful parents and our children.” level by the time they reach third grade,” agent for more than $16 million that Shelby it can lead to higher graduation rates and The idea for First 8 Memphis came from said Shelby County Schools Superintendent County government and the city of Mem- employability for students.“I can think of another Memphis nonprofit, Seeding Suc- Joris Ray, “half of the curriculum taught for phis will appropriate the next several years no better cause, no better use of our time cess, which focuses on early childhood de- the remainder of their school years will be for 1,000 pre-K seats countywide. or resources,” Harris said about the county velopment to careers. incomprehensible.” Shelby County Mayor Lee Harris said helping fund First 8. RALEIGH CONTINUED FROM P1 the blighted old Raleigh Springs Mall site was what really attracted the Smiths and force in the business,” Hunter Smith said. Massey to the neighborhood.“What was “Not just with us, but with other real estate really critical was tearing down the Raleigh developers. You tend to work with some of Springs Mall and building the Civic Center,” the same people and know them over time Massey said. “When you saw the city put- and develop good relationships.” ting $60-plus million dollars into that area, Hunter and Wise Smith are proposing that shows developers and retailers there The Marketplace at Raleigh at the north- is a commitment by the administration to west corner of Yale and Austin Peay, very keep Raleigh vibrant or to bring vibrancy to close to the Raleigh Springs Town Center Raleigh.”Other key factors in the Smiths be- under construction.The Smiths have part- ing interested in the area included the high nered with Shawn Massey of The Shopping traffic counts on Austin Peay Highway, the Center Group, hoping to bring in several Nike warehouse in nearby Frayser and the national restaurants currently not in the pending Amazon facility just north of Nike, Raleigh market.“We had a couple of ten- and having Methodist Hospital North as an ants to begin with before anyone knew anchor north of the development site.“It’s what we were doing,” Hunter Smith said. just a matter of getting that one domino to “Since Shawn went public with it, it’s got- fall and you’re going to see a lot more devel- ten more interest.”Smith and Massey both Hunter Smith (left) and his father, Wise Smith, stand on the empty site of their proposed opment happen,” Smith said.While plans declined to name any potential tenants, but Marketplace at Raleigh development on Nov.14, 2019.
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