Sledge
Sledge, MS · Real Estate
fox13memphis.com
Zillow: New Memphis homebuyers will pay $700 more monthly than average renter
The gap between renters and homebuyers is growing in Memphis. As mortgage rates increase, a Zillow analysis found new buyers will pay $700 more monthly for the roof over their heads in Memphis. "I want something that I can leave to my kids when I get old,” said Tamieka Holmes,...
wearememphis.com
New Homes Are Rising In Uptown And Binghampton, Built To Stay Affordable
Shovels hit the dirt this week on new construction from the Community Redevelopment Agency’s Essential Housing Program, which pairs land and funding with local builders to bring affordable homes to the Uptown and Binghampton neighborhoods. Four developers are building under the program: Nuewill Construction, Moody CDC, West TN CDC...
actionnews5.com
First Presbyterian Church selling downtown location
MEMPHIS, Tenn. (WMC) - After nearly 200 years in Downtown Memphis, First Presbyterian Church is moving. Church officials took to social media to announce that their building at the corner of Poplar Avenue and B.B. King Boulevard is for sale. Officials say church membership has declined and the current location...
The Commercial Appeal
Hundreds tour prime South Main Memphis real estate to urge biz momentum
About 400 people visited South Main Street in Downtown Memphis Sept. 17 to tour some of the area’s available prime real estate. Organized by the Downtown Memphis Commission, its "Property Crawl" invited current and prospective small business owners, investors, entrepreneurs and the public to take a gander at vacant spaces within three blocks between Talbot Avenue and GE Patterson Avenue. Serious participants hoped to find a location for their various companies within the 11 spaces shown off by the DMC. Milton Howery, the DMC’s Chief Marketing Officer, said the event was all about bringing awareness to the “amazing properties” downtown. Many of the 11 are move-in ready, and three are prepped with a kitchen for potential restaurant space. Memphis biz updates: DMC updates Downtown initiative, U of M launches new AI law course Howery said recent growth and walkability continue to make South Main a prime destination for locals, tourists and new business owners. Good Fortune, Felicia Suzanne’s and Ritual Coffee have all moved in within the last few years amid other art galleries, boutiques, shops and restaurants. “South Main is a great location particularly because it already has a bunch of great things from trolley nights to new restaurants
hoodline.com
Frida's Mexican Restaurant Closes Collierville Doors After 10 Years, Madison Ave Spot Stays Open
Frida's Mexican Restaurant is closing its Collierville location for good, ending a ten-year run in the East Shelby County community. The restaurant will serve customers through 9 p.m. on September 20, giving loyal regulars just days left to grab one more meal before the doors shut at the Carriage Crossing location.
Willow and Hearth
Empty Nesters Are Downsizing Into Homes Half the Size of the One They Raised Their Kids In, and Movers Say This Group Is One of Their Fastest Growing Customer Segments
Six in ten of the baby boomers looking to relocate in greater Memphis right now are leaving homes larger than 2,500 square feet, and a growing share of them are […]
wearememphis.com
Orange Mound Breaks Ground On Homes Built To Stay Affordable
The groundbreaking at 1390 Marechalneil Street looked like every other groundbreaking: hard hats, shiny shovels, a fresh mound of sand. The paperwork underneath it is the part worth talking about. ABODE, the Orange Mound Community Land Trust, is putting up 12 homes built to stay affordable long after the first owner moves in.
rhscommoner.com
As Mortgage Rates Stay High, Memphis Buyers Turn More Often to Adjustable-Rate Loans While Experts Warn of Future Payment Swings and Foreclosure Risk
MEMPHIS, TN — More homebuyers are looking at adjustable-rate mortgages as high borrowing costs continue to make monthly payments harder to manage. In Memphis, housing professionals say the appeal is simple: the loan can start with a lower introductory rate than a standard fixed mortgage. That lower starting payment...
WREG
New project targets affordable housing in Memphis
MEMPHIS, Tenn. — A milestone in efforts to revitalize South Memphis as ground was broken for the first home in the Orange Mound Community Land Trust. This is the first look at a long-term vision to create affordable housing for residents in Orange Mound. “Part of the reason we lost population is not because people […]
rejournals.com
Smaller-format retail thriving in Memphis market. Larger stores? Not as much
Success in Memphis’ retail sector? The odds are higher for owners operating smaller-format properties, according to the latest research from Marcus & Millichap. In its latest report, Marcus & Millichap said that smaller-format retail properties in the Nashville market continue to generate strong demand, while larger retail spaces are seeing rising vacancy rates following big-box and furniture-store closures in the region.
Yahoo!
Elvis-Inspired ‘Little Graceland’ Vacation Rental Near Memphis Landmark Finds a Buyer After Listing for $175K
Just a stone's throw from the iconic Graceland in Memphis, TN, sits Little Graceland—a vacation rental and homage to Elvis Presley. The home, which has two rooms modeled off the Memphis landmark, has gone under contract after being listed for $175,000. It also brings in about $30,000 a year as a vacation rental.
Newsweek
The Commercial Appeal
Dual-concept hotel project coming to Providence Place in Arlington
A dual-hotel concept will soon be coming to Arlington as part of a major mixed-use project, adding diverse lodging options to the growing city located along I-40. The $90 million, 45-acre Providence Place mixed-use development in Arlington will include a dual-branded Hilton hotel project, according to Jatin Kumar, managing principal and chief investment officer of KingsLane Group. Kumar told the Commercial Appeal the group plans to develop a $30 million Home2 Suites and Hampton Inn & Suites on 3.4 acres at Providence Place. The mixed-use development is located on the south side of Milton Wilson Boulevard near Airline Road. The project would be 150 rooms total between the two brands, with a shared lobby as well as certain shared operations and amenities, according to Kumar. “The dual-brand concept gives us the ability to serve different types of travelers, while also creating efficiencies of having two brands in one building,” Kumar said. Arlington development: What's that planned at empty space at Shoppes at Arlington on US-70 Construction projected for early 2027 Kumar said his group is targeting the first quarter of 2027 to break ground on the dual hotel project. They’re currently working through the design and planning and permitting processes
fox13memphis.com
Germantown Municipal to allow grandchildren of residents to attend district schools tuition-free
GERMANTOWN, Tenn. - A Mid-South school district is looking to increase enrollment by allowing the grandchildren of those who live in their community to attend their schools. Prospective students can live anywhere across Shelby County and attend schools within the Germantown Municipal School District for free. The district approved allowing...
Decluttering Mom
Downsizing Could Save You Thousands - But Only If You Live in the Right City
Where Downsizing Actually Makes Financial Sense Right Now, by the Numbers In Memphis, baby boomers whose kids have moved out own 31.2% of the metro’s three-bedroom-plus homes, the highest concentration in any major U.S. market. Cleveland comes in right behind at 30.9%, with Pittsburgh close after at 30.6%. Nationally, that same group, empty nesters, holds ... Read more
WSMV
These TN cities’ rent prices fell more than 10% in a year, new report finds
Nashville and Memphis posted some of the nation’s largest year-over-year declines in one-bedroom rents, according to Zumper’s August rent report. Median one-bedroom rent fell 10.1% in Nashville to $1,520 and in Memphis to $890, giving renters more options and leverage. Rents could continue to reflect the region’s large...