What to know about $1.1 billion project near St. Jude
A $1.1 billion development in Downtown Memphis is slated to bring apartments, retail spaces and more to the Pinch District near St. Jude Children’s Research Hospital. Here’s what to know about 18 Main’s massive Pinch District redevelopment project, which New York developer Tom Intrator announced Wednesday.
The Pinch District development plans to have “high-end multifamily units, two hotels, full-service retail offerings with street-level access, and office buildings," according to a news release about the project.
As proposed, the project’s first phase will include nearly 1 million square feet of apartments (around 942 units), 222,000 square feet for office space and about 170,000 square feet for retail. Plans also call for 406 hotel rooms, according to a Shelby County Commission presentation.
The second phase will add more square footage to the apartment, office and retail offerings, including approximately 586 more residential units, according to the presentation.
Additionally, the project will include “modern greenspaces and open plazas,” per the release.
The project sits near St. Jude Children’s Research Hospital. Intrator said in a statement St. Jude families and staff will be among those the development “will welcome and bring together,” and Downtown Memphis Commission President Jennifer Oswalt also pointed out the St. Jude connection.
“We think the planned neighborhood will be a great amenity for residents in
Harbor Town and Uptown, as well as St. Jude employees,” she said in a statement.
A St. Jude representative directed a request for comment to ALSAC, St. Jude’s fundraising and awareness organization. ALSAC did not respond to the request for comment.
ALSAC asked for proposals earlier this year on helping it create a mixed-use development on St. Jude-owned parcels near its campus. These parcels border property owned by 18 Main, according to the presentation.
Officials in 2016 approved a Pinch District study that called for a development