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Loeb Properties could add single-family home development to its list of University District projects.
Indiana-based Milhaus Development LLC, the developer behind the ongoing $52 million, 354-apartment complex under construction at the corner of Midland Avenue and Highland Street, had originally planned to build 35 townhomes on a piece of land adjacent to the Highland Row complex.
The official planning phase has begun for the much anticipated $33 million University of Memphis land bridge, which will safely connect two sides of the university that are currently split by the Norfolk Southern railroad tracks and Southern Avenue.
The official kick-off meeting with Haizlip Studio, the architects chosen for the project, happened in early July and the project is estimated to be finished in 2019, said Mary Haizlip, AIA, principal in charge of management at Haizlip Studio.
Haizlip Studio also was the architect for the new University Center, which will be adjacent to the land bridge.
Host Eric Barnes talks with guests each week about the top news stories affecting the Mid-South. In today's Behind the Headlines, Mr. Barnes interviews a panel of experts on the University Neighborhood Development Corporation- including Matt Prince, Senior Vice President of Brokerage and Development at Loeb Properties.
"Overton Square's landlord plans to redesign and expand what is perhaps the entertainment district's dullest-looking building, the one that houses YoLo Frozen Yogurt and Lenny's Sub Shop."
YoLo Frozen Yogurt in Overton Square and the Kwik Shop Grill at Central Avenue and East Parkway are both on their way out.
Property owner Loeb Properties will soon undertake significant remodels at the locally-owned Midtown restaurants to attract other restaurant tenants.
Loeb Properties is leveraging a “significant remodel” of the YoLo space at 6 Cooper St. and the Lenny’s space at 12 Cooper St. to attract a new restaurant tenant. Lenny’s will not be leaving, but YoLo will have to relocate.
The two-tenant building that houses YoLo and Lenny’s at the corner of Cooper Street and Madison Avenue is the first building Loeb Properties purchased in the area. Loeb Properties has another lease with YoLo at a second location at 559 Erin Drive in East Memphis.
“We really appreciate them as tenants and we hope we can help them find another location,” said Ciara Neill, director of marketing for Loeb Properties. “Unfortunately, they can't relocate to Overton Square because it is 100 percent occupied.”
"On a Friday morning, the Atrium in Overton Square may host a corporate meeting, with a wedding planned for that same night.
As the event venue’s new operator, CFY Catering will manage event bookings, planning, preparation and of course, the food.
Overton Square and venue management are both new territories for the Bartlett-based catering company."
French artist Guillame Alby has created murals at Loeb properties at Overton Square, You Are The Universe, and Broad Avenue, This Is We. Learn more about his creative process:
"There isn’t some kind of special motivation for making art. Instead, the drive to create is present within each and every one of us. It’s only a matter of choice if we follow it.
Alby Guillaume, aka Remed, is a French artist who plunged himself into the world of art without any kind of formal training, but that didn’t limit him in any way. Characterizing his work as mix between mathematics and soul, he seeks precision and always listens his gut feeling. Simplifying things is one way to make them universal. Sometimes the artist succeeds, sometimes not, but all the pieces possess a level of sincerity that makes them appealing to the viewers. Well, their imposing visual qualities also help in a great deal."
"Loeb Properties has released a slew of recent leases that fill vacancies from Overton Square to Germantown.
• CFY Catering will be the new operator for the The Atrium, an event venue at 2105 Madison Ave. in Overton Square. Owned by Kevin andKristi Bush, CFY has another location at the Loeb Properties-owned Daybreak Shops in Bartlett. CFY’s lease begins July 1.
• Delta Health Alliance signed a 2,043-square-foot lease at 59 N. Cooper St. The nonprofit supports and operates community-based clinics and promotes health education in the Mississippi Delta.
• Elations His and Hers Boutique signed a 1,750-square-foot lease at 714 N. Germantown Parkway, in the Trinity Commons Shopping Center. Trecia Jones operates the clothing and accessories store.
• Mario’s Pool Supply signed a 1,200-square-foot lease at 1986 Exeter Road, at the Farmington Centre in Germantown. The retail shop specializes in pool supplies and accessories."
"Loeb Properties has kicked Overton Square’s status as an entertainment destination up a notch with a newly released art map that highlights public art alongside restaurants and retail.
Loeb Properties commissioned Memphis College of Art students to design the map as part of a semester-long Design Lab course where students learned how to fulfill a project for a client.
“If the students are going in the direction of design, then that process is valuable because they need to learn to think strategically and develop design ideas, and not just produce as artists,” said Cat Normoyle, assistant professor at MCA and adviser for the Design Lab."
"Loeb Properties has become almost synonymous with the word 'revitalization' in the Memphis commercial real estate sector. His current project — the Highland Strip."
"Extreme makeover Highland Strip edition is in full swing, and one of its future tenants plans to bring a piece of the Big Easy to the Bluff City.
In April, news broke that a new music venue and Cajun-inspired restaurant titled The Bluff had signed a lease at 535 S. Highland St., and now the owners are serving up their plans."
"Bob Loeb will take a moment to point out who’s who in a series of remarkable images hanging on the walls of Loeb Properties.
The framed newspaper advertisements offer the sort of nostalgia that brings a smile to Memphians of a certain age. Bob and his siblings were prominently featured in the decades-old ads that touted the enterprises of their father, Bill Loeb, who put the entrepreneurial family’s name on stores all over the region, selling, among other things, laundry and dry cleaning services, and Loeb’s Tasty Bar-B-Q (“The Best Little Pig on the Market”). "
"Vegetarians take note: There's a new restaurant in town.
Soon.
South of Beale owner Ed Cabigao recently experienced a transformation, and he wants to extend it to his community. First for ethical reasons, which then turned into health-related incentives, Cabigao became a vegetarian and later, vegan.
His passion for this lifestyle and the impact he would like to have on the world caused him to consider opening a vegetarian restaurant, and a trip to D.C., where he discovered a successful build-your-own bowl-style restaurant sealed the deal for him."
"Loeb Properties, the commercial real estate and property management company that revitalized Overton Square, is taking on a new area of town.
The Highland Strip, in the heart of the U of M area, is where representatives with the company are hoping to breathe new life. Representatives said they have renovated some of the existing buildings. They have added the fireball exhibit, right next to Newby's, and they plan to add more public art.
Business owners on the strip are happy to see renovations and changes on the block."
"Overton Square is so filled now with public art that the entertainment district has enlisted Memphis College of Art to create self-guided tour maps for visitors.
Developer Loeb Properties has installed more than a dozen substantial murals, sculptures, paintings, stained glass and tiled art as well as a growing number of smaller works tucked in the corners and the landscaping.
There's no room for more tenants -- the district is fully leased -- but the art just keeps on coming.
On Thursday, the lunch crowd on the patio of Boscos Squared watched artist Jay Crum install the shimmering mural he and his wife Kong Wee Pang created for the west wall of Local Gastropub."
"Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.
“What do you think, and be honest,” he inquires. “Put the ballet over there, on the corner? Or across the street, next to Hattiloo?”
For most people, it would be idle speculation – but not for Loeb. Although he didn’t own the land Ballet Memphis ended up buying, he does own 12 acres in the immediate vicinity. Over the last five years, he’s transformed them into some of the most valuable real estate in the city."
"A new music venue and restaurant called The Bluff is coming to the rejuvenated Highland Strip.
Remodeling of the 5,952 square feet at 535 S. Highland should start within a month, landlord Loeb Properties announced Monday.
The Bluff will include two downstairs bars, a large stage and green room, a 1,300-square-foot mezzanine with an additional bar, outdoor patio seating next to the stage, and another patio facing Highland that offers an outdoor/indoor atmosphere. The Bluff will have entrances on Highland and in the rear closer to the renovated, back parking lot.
Among The Bluff owners are Hudson Chadwick, who owns Rafters Music and Food and The Corner Bar in Oxford, Mississippi.
"The venue will feature live music including country and rock-and-roll acts appealing to nearby University of Memphis students and Memphis residents alike while also offering a great place to watch sporting events on the multiple televisions and projectors,'' states a release by Loeb Properties."
Read more in the Commercial Appeal
Read more in the Memphis Business Journal
Read more at Choose901
"For anyone standing or driving by Highland Street at Walker Avenue, there should no longer be any mistaking what commercial district they're in.
A sign proclaiming the "Highland Strip'' now stands in bright red letters that are 6 feet high, 77 feet long and mounted high on the rooftop of the tight row of commercial buildings long known as a hangout for University of Memphis students.
And for the record, the font is slightly modified copperplate gothic.
Loeb Properties had Frank Balton Sign Co. install the letters on Friday. Loeb owns the two buildings underneath -- Whatever smoke shop and another space available for lease -- as well as other buildings the company has purchased on the Strip and in the University District over the past two years.
Neon outlines the inside edge of the letters, poised to be illuminated at night. "I can't wait to see it lit,'' said Rachelle Cordova, who as general manager of the Domino's Pizza across Highland from the sign, may be seeing the sign more than anyone else."
"Onix is moving its restaurant/jazz club from South Main to Madison Avenue's mile of resurgent blocks that stretches from Cooper to Belvedere.
Onix needs more space, especially for the jazz players who perform for diners, owner Curtis Chism said Friday, adding, "The band is cramped up.''
The restaurant will move from about 2,500 square feet at its existing location at 412 S. Main to 4,215 square feet at 1680 Madison. That's on the northwest corner of Madison and Belvedere, across Belvedere from Zinnie's pub."
"We have Downtown Dining Week and Memphis Black Restaurant Week. Now, a new event is highlighting businesses on Madison Avenue in Midtown Memphis. Next Tuesday and Wednesday, you can just say "Meet Me Along Madison!"
Participating businesses will offer specials for $20.16. It is not just restaurants participating."