Posted Apr 1, 2023, 6:03 PM
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Join Date: Jan 2010
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The 'Queen Of The South' will finally return to her former glory. The most historic skyscraper in the Southern United States has been purchased for decades-long-awaited major renovations.
Sterick Building bought by local group
Corinne S Kennedy
Memphis Commercial Appeal
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Stuart Harris of Memphis-based Constellation Properties said on Friday his team has closed on the purchase of the historic structure at the corner of North B.B. King Boulevard and Madison Avenue. The building is a 340,000-square-foot, 29-story, Gothic Revival skyscraper that was completed in 1929... Harris has overseen the redevelopment of the nearby The Commonwealth building at 240 Madison Ave. Constellation Properties has also purchased parcels between The Commonwealth and the Sterick on Madison for future redevelopment... The recent purchase agreement also resolved outstanding issues with a ground lease, which had made taking action on the property in recent years difficult. That lease was not set to expire until 2025.
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Full Story - https://www.commercialappeal.com/sto...t/70068402007/
Full Story - https://www.commercialappeal.com/sto...t/70068402007/
Last edited by Johnny Ryall; Apr 1, 2023 at 11:32 PM.
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