Tuesday, October 24, 2017

DMC Seeking Developer to Rehab Building on Main

Posted By on Tue, Oct 24, 2017 at 10:57 AM

click to enlarge The three-story property at 18 S. Main - DMC
  • DMC
  • The three-story property at 18 S. Main


The Downtown Memphis Commission (DMC) is calling for proposals from developers to renovate a 29,000-square-foot brick building at 18 S. Main.


DMC officials say the goals of the project are to significantly improve the building’s Main Street facade, encourage commercial activity, and “bring vibrancy” to the street.


The commission, along with its affiliate Center City Development Corporation (CCDC), is calling for developers with experience in adaptive reuse to submit proposals by Jan. 3.


While the ground floor of the three-story brick building is temporarily being occupied by a tenant, the top two floors are vacant and in need of renovation, officials say.


The developer will fully renovate the building for mixed-use, with retail space on the ground floor and apartments or offices on the top floors.


Submitted proposals should also be financially feasible and able to begin construction within four months of selection.


Additionally, the selected developers must adhere to the DMC’s Equal Business Opportunity program, which requires that a “fair and open process” is used to select the general contractor and any subcontractors. The DMC also expects the developers to spend 20 percent of the project’s total costs contracting with minority and women business enterprises.


More information about the proposal submission guidelines is on the DMC’s website.


After the CCDC board of directors selects a developer, the final proposal is subject to approval by the Design Review Board.


There will be an onsite informational meeting and walk-through of the property for interested developers on Friday, Oct. 27 at 1:00 p.m.



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