Madison@Mclean Turns Corner, with Geography a Key Amenity
Total Page：16
File Type：pdf, Size：1020Kb
Public Records & Notices Monitoring local real estate since 1968 View a complete day’s public records Subscribe Presented by and notices today for our at memphisdailynews.com. free report www.chandlerreports.com Tuesday, September 8, 2020 MemphisDailyNews.com Vol. 135 | No. 122 Rack–50¢/Delivery–39¢ FedEx hiring 70,000 to pull off biggest peak yet WAYNE RISHER the coming holiday peak season. never seen in the industry be- hiring push coming in October, peak season with new or expand- Courtesy of The Daily Memphian Growth in online shopping fore,” said Brie Carere, FedEx to cope with what’s certain to ed package handling facilities If FedEx was dealing with has sliced at least three years Corp. executive vice president be a record peak season, Carere across the country. what executives described as a off a previous forecast for U.S. and chief marketing and com- said. Last year 55,000 were added “FedEx has nearly 50 years’ tsunami of e-commerce since package volume to double be- munications officer. for peak. experience flexing our network COVID-19 hit in the spring, an tween 2019 and 2026, and FedEx FedEx plans to add about FedEx also is expanding Sun- to stay ahead of what’s next,” epic Mississippi River flood believes it’s here to stay. “We are 70,000 to its 500,000-employ- day delivery, expanding delivery might be a more apt metaphor for anticipating a peak like we’ve ee workforce, with the biggest of large packages and entering FEDEX CONTINUED ON P2 By Dec. 1, tenants are to be moving into the one- bedroom, two-bedroom and studio apartments. Madison@McLean turns corner, Rents will range from $975 to $1,625 a month. Leonard has a good reason for getting his sub- contractors to finish the floors from top to bottom. “We can lock this up,” he said of the completed with geography a key amenity upper floors. “And not let anybody else up the stairs to trash the new carpets. “If you start at the bottom you’ve got to go through the first floor to get to the second floor. We start at the top and come down so we don’t have traffic over our finished areas,” Leonard said. This week, construction workers were putting up sheet rock, painting, installing elevators, and forming curbs and gutters outside the $14 million, 132,477-square-foot building. It is one of the first new multifamily construc- tion projects in Midtown in many years and the first to receive a Residential PILOT (payment in lieu of taxes) benefit. The incentive awarded in 2017 by the Economic Development Growth Engine for Memphis and Shelby County will save MRG $3.5 million over 14 years. A tour of the building included the prime spot: The stylishly urban apartment on the top floor’s northeast corner overlooking the building’s name- sake intersection.The already reserved apartment features expansive glass walls, as do the three units below it. But the penthouse has a 14-foot ceiling; most other units have 9-foot ceilings.Like the building, the long hallways stretch from McLean on the east to Idlewild on the west. The design by Fleming Architects breaks up the long space with insets for each apartment door, and by staggered, rectangular lights that are inset and staggered in the hall ceiling. Another design element to add variation to the Makowsky Construction Company Project Supervisor Michael Leonard discusses the neigborhood near the Madison@McLean long hallways is the use of color. Apartments in Midtown. (Ziggy Mack/Courtesy of The Daily Memphian) “I wish I had the accent walls done for y’all,” painter Tommie Brown said as he applied an ear- TOM BAILEY block-filling, five-story anchor for one Michael Leonard of Makowsky ly coat of white to a hallway wall. “Wait till you Courtesy of The Daily Memphian of Midtown’s defining intersections. Construction. see that.” Added Leonard, “Each floor is a differ- Progress is descending fast “We’re finishing the floors from Developer and operator Makowsky ent color. This one will be goldish. There is also on construction of the Madison@ the fifth story down. We’re on the sec- Ringel Greenberg (MRG) this week McLean Apartments, which will be a ond floor,” said project superintendent started pre-leasing the 108 units. MADISON CONTINUED ON P3 INSIDE Public Records ................ 4 Public Notices ............... 15 memphisdailynews.com chandlerreports.com Marriage licenses are unavailable ©2020 The Daily News Publishing Company A division of The Daily News Publishing Company while Shelby County Clerk’s O ce Memphis, Tennessee The standard for premium real estate Established 1886 • 135th year information since 1968 reviews internal policies for its digital Call 901.523.1561 to subscribe Call 901.458.6419 for more information platforms. Page 2 MemphisDailyNews.com Tuesday, September 8, 2020 FEDEX CONTINUED FROM P1 Raj Subramaniam, president and chief operating officer of FedEx Corp., said in a release Thursday, Sept. 3, outlining peak preparations. “We’re excited to have expanded our e-commerce capabilities even further— including the acceleration of FedEx Ground’s seven-day a week residential delivery, investments in automated fa- cilities and growth in our FedEx Freight Direct service and our retail convenience network. These strategic investments will help better support what is expected to be an unprecedented holiday shipping sea- son,” Subramaniam said. Carere said there is “zero doubt” 2020 will be a record peak, following the pat- tern set in recent years of new highs for daily volume being set on Mondays be- tween Thanksgiving and Christmas. “Prior to COVID, we were anticipating the domestic volume in the United States to grow to 100 million packages a day by 2026. We have redone our forecast and ... we’re now expecting the market to pass 100 million packages by 2023 (and) 95.6% of that is going to come from e-commerce,” Carere said.E-commerce has nearly dou- bled as a percentage of all retail sales since the pandemic began in March, growing to 27% of retail from 16% pre-pandemic. FedEx is preparing for the increase to be permanent, Carere said. “You might see some minor adjust- ments, post peak, as well as once there’s a vaccine and we see stores opening. You might see some level off, but fundamen- tally, we believe the shift to e-commerce ... is here to stay,” Carere said. “We’ve been running at peak volumes A near-continuous stream of packages flows through the FedEx Ground hub in Olive Branch, Mississippi Dec. 2, 2019. FedEx plans to add for the last five months. So we are certain- about 70,000 to its 500,000-employee workforce, with the biggest hiring push coming in October, to cope with what’s certain to be a ly warmed up and ready to go for peak,” record peak season. (Patrick Lantrip/Courtesy of The Daily Memphian) Carere said. “Cyber Monday I think is 87 days away, and we’re ready to leverage all To get ahead of the curve, FedEx delivery of heavy and bulky items to 90% of move shipments short distances from e- of the tools that we have.” Ground is expanding the reach of Sunday the population, up from about 80% a year commerce providers to customer; four FedEx Ground is the workhorse of deliveries to 95% of the U.S. population, ago. The effective date is Sept. 14. new automated stations; and expansion FedEx’s e-commerce strategy, and it has compared to about 60% when it launched The FedEx Freight Direct expansion of more than 50 existing facilities with undergone numerous operational changes seven-day operations year-round in Janu- and eight new or expanded regional sort- additional material handling equipment since 2019’s peak season. It has moved per- ary. The change is effective Sept. 13. ing hubs around the country are two and automation. manently to seven-day operations, made FedEx Ground, which is expected to measures that directly address double- FedEx had previously unveiled plans progress on integrating 2 million pack- carry the biggest share of peak volume, al- digit growth in demand for large item for peak season surcharges of $1 to $5 ages a day of former FedEx SmartPost vol- ready delivers on Saturdays to more than deliveries. a package on residential deliveries for ume and taken on deliveries of some less 96% of the population. “We designed (FedEx Freight Direct) large-volume customers Nov. 2 through time-sensitive Fedex Express packages. Seven-day service “is incredibly impor- when we saw the significant increase of Jan. 17. It will be the first time since 2016 SmartPost uses the U.S. Postal Service for tant in any year, but it is just paramount large package growth due to e-commerce,” that additional residential surcharges are last-mile deliveries. in the year we are having from an industry Carere said. “But one of the exciting op- imposed. FedEx isn’t worried about the U.S. perspective,” Carere said. portunities of this service is we’ve seen Carere said peak surcharges are struc- Postal Service’s delivery delays affect- Sunday pickup and delivery is crucial tremendous demand from our business- tured to “protect our small business cus- ing FedEx service levels because FedEx because “a lot of e-commerce volume hap- to-business customers as well: Health care tomers” while focusing on the larger cus- Ground will have taken back the “vast pens on Saturday. We are working with clinics, doctor’s offices, dentist’s offices, tomers that are most responsible for sea- majority” of SmartPost packages before our large customers to pull that volume they have a lot of big bulky equipment, fur- sonal swings in volume.