Tuesday, November 06, 2007

Expansion of the Beast?

beyond rehabilitation, functionally obsolete, or just empty?Last Saturday's CA article on the relocation of Le Chardonnay and Bayou Bar and Grill quoted Jimmy Lewis, real estate agent for the people who own Overton Square, about the rest of the complex:
Palm Court, the former TGI Friday's restaurant and the space at the corner of Madison and Cooper, formerly occupied by Club Vortex and The Looney Bin, are functionally obsolete and could impede any future sale or redevelopment of the property.

"Either it has to be made efficient or something else has to be done," Lewis said. "The owner is trying to figure out the best option and that is what is being studied right now."
Mr. Lewis' comment reminds me of this from an earlier article in the Memphis Daily News:
Overton Square Investors LLC recently demolished a building on Cooper that used to house Cancun's restaurant. The building had been vacant for about five years and Lewis described it as "beyond rehabilitation."
"Functionally obsolete" sounds like "beyond rehabilitation" in utero.

I might end up adding both to this list.

By the way, Tuscany (formerly La Tourelle) has closed. 3 businesses with 60+ years in those original locations now gone. What did they have in common? Their customers could see the ever-expanding Beast.

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Blogger Stacey Greenberg said...

i REALLY hope they don't tear it down.
i may need to call jimmy and snoop.

2:20 PM  
Blogger gatesofmemphis said...

That may not be at all what he's getting at, but I've watched enough reality TV to know that when he says "...or something else has to be done" the music would rise and they would cut to commercial.

When we got back from commercial Overton Square would be packing its bags.

11:28 PM  

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