Economic Development

Insomnia Cookies expanding into Memphis market

National chain Insomnia Cookies is opening its first location in Memphis near the University of Memphis on the Highland Strip.

Latest in Economic Development
New Petra Cafe location on Highland Strip
Petra Cafe to open U. of M. location, eyes Downtown next

Owners of Petra Café, Jamal and Lisa Douba, are getting ready to open their newest location, this time in Loeb Properties’ Highland Strip development near the University of Memphis.

South City neighborhood design
South City redevelopment set to get underway by year’s end

?Look for the possible demolition of Foote Homes, the city's last public housing project, by the end of the year, as the final 20 percent of residents are in the process of relocating in advance of the $250 million redevelopment of the neighborhood.

Rendering of Methodist University Hospital
Methodist begins construction on University Hospital master campus plan

?On Wednesday Methodist University Hospital broke ground on its $280 million master campus plan at the corner of Eastmoreland and Bellevue in the Medical District.

CityFlatsHotel will bring a boutique hotel to the Port Huron riverfront.
Boutique hotel leads redevelopment for historic downtown

Boutique hotels are offering some Michigan downtowns a new way to reuse historic or underused buildings in the heart of cities. One such development in Port Huron is serving as a linchpin to further downtown development, as well.

Bobby Goode, TN Director of USDA Rural Development, and Arlisa Armstrong of Rural Development at the home of Dorothy Cordle in Brighton
Elderly in rural areas get housing assistance from MAAG grant

The Memphis Area Association of Governments (MAAG) is working to help the elderly maintain their homes in rural areas outside of Memphis. 

901 Grille and Market concept design
901 Grille and Market coming soon to East Parkway corner spot

Entrepreneurs Hamida and Sunny Mandani are starting their third new venture in the past two years with the 901 Grille and Market going in on the northeast corner of East Parkway and Central Avenue. 

Frayser CDC Executive Director Steve Lockwood (center) talks with local residents Gilbert Wright (left) and Morriston Edmonds after a Frayser Neighborhood Council meeting at the Ed Rice Community Center in Frayser
Frayser CDC lands Hyde grant

?Steve Lockwood, CEO of the Frayser Community Development Corporation, is hoping to change the perception of home buying and home ownership in Frayser. 

Urban Air Trampoline & Adventure Park springing into Cordova next year

A new family fun destination will open in Cordova by spring of next year, as Urban Air Trampoline & Adventure Park is set to go in at Trinity Commons. 

Dru's Place
Renovations planned for two women-owned businesses

Two established neighborhood businesses – Dru’s Place in Midtown and April House Premier in South Memphis - will be getting some much-needed improvements soon thanks to Inner City Economic Development (ICED) loans awarded earlier this month.

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