Orange Mound Tower Redevelopment

10 acre redevelopment for mixed use- office, co-working, arts, music production, retail, technology, restaurant, apartments, gallery, healthcare users. News: https://www.actionnews5.com/2024/04/25/orange-mound-tower-enters-design-schematics-phase/ https://www.bizjournals.com/memphis/news/2024/04/25/major-development-orange-mound-tower-going-forward.html https://memphismagazine.com/features/longform/in-orange-mound-a-tower-rises/ https://wearememphis.com/news/memphis-orange-mound-tower-moves-into-design-and-schematics-phase/ https://hoodline.com/2024/04/memphis-orange-mound-tower-set-for-renaissance-as-a-black-innovation-hub/The Orange Mound Tower (OMT) redevelopment is centered on community reinvestment, bringing innovation and revitalization to a landmark location in one of Memphis oldest and most historic communities Orange Mound. Taking a 10 acre site that has historically been home to decades of industrial uses, OMT will bring new life and vitality to a long dormant site. This higher and better use involves constructing a 100,000 SF commercial building that will house commercial market space, office space for innovating entrepreneurs, recording and performance venue, art gallery, co=working space, coffee shop/restaurant, literary arts/writers collaborative space, and much more. The iconic tower that looms large for miles around will be transformed into an illuminated structure housing artist live/work/exhibit space, artist residences, and a rooftop experience unparalleled in Memphis with panoramic views that extend to Downtown, the Airport, Midtown, and beyond. A second phase will include 128 apartment units situated atop a 300 space parking garage with ground level retail amenity space. Orange Mound Tower sits at the western end of a host of public/private investments that extend down Park Avenue throughout Orange Mound community- Porter-Leath/University of Memphis Early Childhood Academy ($15MM under construction), Red Zone Ministries Youth Development Center, and the Historic Old Melrose High School redevelopment into a senior living facility and renowned genealogy research institute ($10MM). This corridor of investment and opportunity will usher in a new day for this longstanding neighborhood's next chapter.