The new rendering released today shows street level retail in the planned parking garage, adding to the opportunities for residents Downtown.
See the construction progress in the video below:
Billy Orgel has decided to purchase and restore the Tennessee Brewery Building because of the historical value it has in Memphis is unparalleled, as we saw in the success of the original Brewery Untapped project two years ago. Redeveloping the brewery will absolutely heighten the economic value of the neighborhood by adding jobs during the construction and creating permanent jobs at the building itself for residential purposes.
The proposed plans for this project (now called the Brewery District) will include building a six-floor residential building, called the Wash House, next to the brewery building. A new parking garage will also be built across the street with four floors.
Younger Associates has projected that the developed space will maintain 142 residential units with 4,000 square feet of commercial use. The parking garage will be built across the street and will hold approximately 350 spaces. They also believe the economic impact during construction will be $43.8 million with over 300 temporary jobs. The impact of operation will create about 50 full-time jobs, and will have a $4.9 million annual impact.
- 43 Residential Units
- 29 Studio/One Bedroom Units
- 13 Two Bedroom Units
- 1 Three Bedroom Unit
- 1,413 SF leasing/fitness
- 4,765 SF commercial space
- 7,801 SF office space
Wash House Breakdown:
- 87 units (75 1-bedrooms and 12 2-bedrooms)
- 75 One Bedroom Units
- 12 Two Bedroom Units
- 73,534 SF residential
- 13,867 SF residential (18 units – all one bedrooms)
- 3,447 SF commercial
- 351 Parking Spots
This project has a target completion date for Fall 2017. And yes, the beloved “Invest in Good Times” artwork will be preserved with specific details coming soon.