Mixed-use project with retail, community commercial, office and workforce housing.
Quimby Plaza is a new mixed-use building at the southeastern boundary of the Legends Park HOPE VI Revitalization Plan area in Memphis, TN. Located on Poplar Avenue just east of the Memphis Medical District, the 45,000 square foot building includes a 5,500 square foot community center and management space for Legends Park, 24 units of market-rate and affordable rental housing, and 9,000 square feet of medical space to serve the Legends Park residents and the surrounding community. Through a partnership with Methodist Healthcare, the main tenant of this space is the Le Bonheur Pediatric Outpatient Rehabilitation Clinic. MBS Urban Initiative’s $8.35 million New Markets Tax Credit investment enabled to owner to give Methodist Healthcare, a non-profit organization, a lease that included one year rent-free and up to nine years of rents which are below market value for new construction. These terms ensured that Methodist Healthcare established the Outpatient Clinic within this low-income community and, thus, erased an historic boundary between the medical district and the neighborhood.
Rehab of vacant department store
After receiving a donation of the former Nabisco carton making and printing plant from International Paper, Dia planned a dramatic reuse of this 292,000 square foot former industrial space.The result is an array of stunning single-artist galleries renovated specifically for each installation. The structureâ€™s 34,000 square feet of skylights and wide expanses between columns provide an optimal setting for viewing the renowned yet rarely seen contemporary arts collection.