Gateway to Frayser 

New development promises economic boost to North Memphis.

Once the site of a department store, a near-20-acre lot on Hollywood has sat vacant and blighted for over two decades. Now, Frayser Gateway, a grocery-anchored shopping center — the area's first project of its kind in the past 30 years — is in the works to transform the space.

In addition to a proposed 35,000-square-foot grocery store, Frayser Gateway will host other retail establishments, restaurants, and a hotel.

Total investment in the shopping center would equal a little over $16 million, with construction set to begin in 2018 and wrapping up sometime in 2020.

Known for his work on the retail side of the new Crosstown Concourse and the Binghampton Gateway development, Shawn Massey with the Shopping Center Group is working in collaboration with G2 Ventures, the group that currently owns the property, to develop the 97,000-square-foot space.

click to enlarge Goodbye, food desert; hello, Frayser Gateway.
  • Goodbye, food desert; hello, Frayser Gateway.
click to enlarge flyby_fraysergateway.jpg

Massey says one of the goals of the project is to eliminate the huge source of blight that the abandoned lot, now used as a dumping ground and illegal parking lot for 18-wheelers, has created.

"It sets a bad example for what the Frayser community is perceived as and not really what exists in the community today," Massey said.

Another goal of the development is to address long-term poverty in Frayser by bringing economic development to the area, while providing access to food and jobs to the surrounding residents.

Introducing a grocery store to the area would provide relief to neighborhoods near the proposed project, which are certified USDA food deserts, with transportation-challenged residents lacking access to healthy foods.

Additionally, Frayser Gateway is expected to bring the equivalent of 136 part-time jobs with an average annual wage of $24,294 to South Frayser, which currently has unemployment rates between 15 and 30 percent.

Leaders in the Frayser community welcome the new shopping center, acknowledging the neighborhood's need for more businesses and avenues of revenue.

"The Frayser Gateway project would be a much needed shot in the arm for the community," said Steve Lockwood, executive director of the Frayser Community Development Corporation. "I believe it could spur other developments in Frayser, particularly in the nearby Watkins gateway area."

The Frayser Gateway project is made possible by a 15-year Community Builder pay-in-lieu-of-taxes (PILOT) incentive awarded to the group by the Economic Development Growth Engine for Memphis and Shelby County (EDGE) last week.

EDGE board chairman Al Bright Jr. said the shopping center will prove to bring economic growth to Frayser and put money back into the community, as the Frayser Gateway group is expected to produce a little over $100,000 in taxes during the PILOT and over $400,000 post-PILOT.

The incentive gives the group a temporary abatement of taxes in return for spending $3.2 million of construction-related costs with city or county-certified minority or women-owned enterprises (MWBE).

Previously, terms of the PILOT required contracting only with locally owned small businesses, but after the EDGE board voted to amend its local participation policy last week, PILOT recipients must spend 25 percent of spending to contract with MWBE.

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Favorite

Tags:

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

ADVERTISEMENT
ADVERTISEMENT
    • Infill Frenzy

      When development comes to neighborhoods, who listens to the neighbors?
    • Create Space

      Memphis artists have a new Downtown home.

Blogs

Film/TV/Etc. Blog

Hereditary

Music Blog

Get Hip to the Hop: Where to Hear Live Rap in Memphis

Intermission Impossible

A Memorial Service Has Been Scheduled for Beloved Actor, Singer Ann Sharp

Beyond the Arc

The 2018 NBA Draft and Creeping Dread

We Saw You

Herb O'Mell, Wine Down for BizTown, Frequent Flyer and More!

News Blog

Memphis Pets of the Week (June 21-27)

News Blog

Thousands Ride Explore Bike Share in First Month

ADVERTISEMENT

Readers also liked…

  • Cops, Weed, & Wells

    • Nov 3, 2016
  • TVA Land

    Groups hit agency on pricing and water tests.
    • Feb 8, 2018
  • Trumping Latinos

    Memphis Latinos fear for the lives they’ve built in an uncertain future ahead.
    • Nov 17, 2016
ADVERTISEMENT
© 1996-2018

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation