‘Memphis Rising’: Big construction projects exceed $4B


High above East Memphis in early November, Memphis businessman Andy Cates delivered a presentation he titled “Memphis Rising,” showing that $2.4 billion worth of “major recreational, medical, educational, tourism, and lifestyle oriented projects” have either been recently completed or are in progress and will significantly affect the quality of life in Memphis.

Had he delivered his slide presentation just two months later, that total might have soared by 82 percent to more than $4.3 billion.

A few days after Cates’ Nov. 3 speech at the Crescent Club to the Memphis chapter of Lambda Alpha International, St. Jude Children’s Research Hospital revealed its plans to construct $1.7 billion worth of new buildings over the next six years.

And earlier this month, Methodist University Hospital announced plans for another $275 million worth of construction.

Cates played a key role in establishing the Stax Museum of American Soul Music, is founder and chief executive officer of luxury camping network RVC Outdoor Destinations, and proposes to redevelop Mud Island River Park in a public/private partnership with the City of Memphis.

He spoke to the local chapter of Lambda Alpha International, which is an honorary, selective society of professionals involved with the economics of land.

Cates based his presentation on his research that included contacting about 20 Memphis institutions and developers who are building or renovating in big ways.

Here is his summary spreadsheet:

Artesian condos, $33.5 million; Bass Pro Shops at the Pyramid, $200 million; Broad Avenue, $30 million; Central Station, $55 million; Hotel Chisca, $31 million; Crosstown Concourse, $202 million; Graceland Hotel, $132 million; Shelby Farms Greenline, $13.9 million; Harahan Bridge/Main to Main project, $40 million; Ikea, $64 million; International Paper Tower 4, $115 million; Methodist/UT Medical, $480 million; Overton Square, $40 million; Shelby Farms renovation, $70 million; Tanger Outlet Mall, $97 million; Tennessee Brewery, $28 million; University of Memphis/UM District, $383.2 million; University of Tennessee Medical District expansion, $350 million; and Wolf River Greenway, $40 million.

The weight of all the new development in Memphis is enough to help lure Lambda Alpha International to Memphis.

The Phoenix-based organization holds two “Land Economics Weekends” each year. The previous five events have been in San Diego, Washington, Madrid, Spain, Atlanta and Honolulu. The next one will be April 21-23 in Memphis, according to Lambda Alpha’s website.

Attendees will hear about the successes of the Shelby Farms Conservancy and Harahan Bridge project at event headquarters in The Peabody. But they’ll also take tours of St. Jude Children’s Research Hospital, Crosstown Concourse, Stax Museum, and the Tennessee Brewery.

They will eat lunch one day at LaFayette’s Music Room in the renovated Overton Square, and the next day at Terrace at the River Inn on Mud Island where Harbor Town showcases the New Urbanism style of development.

“Memphis is unique with a powerful sense of place, and many of its greatest challenges have also served to build its character,” states a concluding image in Cates’ slide presentation.

“Although we have great resources (soul, location, water, flavor, hospitality, entrepreneurial spirit), we are competing with cities that have huge economic competitive advantages (state capitals, much higher median incomes, wealthier and/or more established universities, superior air service).

“We must attract and retain folks who want to participate and serve, not just be served,” the presentation states.

Recent News

Versatile Carmix takes concrete to North Mara Gold Mine in Tanzania
    The gold mine in North Mara is situated in the north-west of Tanzania, at about 100 kilometres east of Lake Victoria and 20 kilometres south of the border with Kenya. The gold mine works an average of 8,000 tonnes of minerals a day and produced 287,188 ounces of gold in 2015. The gold
Workers’ Memorial Day, observed each year on April 28, honors workers killed, injured, or made ill at work. Since 1992, BLS has collected data on both nonfatal work injuries and illnesses that result in days away from work, and fatal work injuries. In 2015, the occupations with the highest number of nonfatal injuries and illnesses
The undercarriage of a machine represents a significant portion of a piece of equipment’s purchase price. Proper maintenance and operation practices are critical for protecting your equipment investment. Undercarriage maintenance is critical to the overall productivity of a machine. It is the mechanism that gives tracked machines much of their power and stability. It also
Deere Adds 8-Year / 20K Hour Warranty on 944K Electric-Drive Components
John Deere is now offering a 96-month / 20,000-hour power electronic components warranty on the Deere 944K hybrid wheel loader. The warranty is retroactive to existing machines in the field and provided on new 944K loaders through October 31, 2018. The warranty includes a 96-month (eight-year) or 20,000-hour (whichever comes first) non-prorated assurance on wheel
  Vermeer’s Silver Series drill rod is composed of S135 common grade steel and is threaded in the same facility as the company’s Firestick drill rod with the same column wall thickness. The Silver Series drill rod is available in four sizes: 1.66-inch, 1.9-inch, 2.06-inch, and 2.375-inch, for use on the D7x11 through the D24x40
CHILE: Construcción regional cae 7,5% y suma dos meses con cifras en rojo
Datos de Cámara Chilena de la Construcción estimaron retroceso de 7,5% en febrero que se suma al -10% de enero. Se busca consolidar esfuerzos público-privados para enmendar el rumbo. Por primera vez desde el año 2002, cuando se comenzó a publicar el Índice de Actividad de la Construcción Regional (INACOR), la Región de Coquimbo inicia

About Us

In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info


At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.

Phone: 786.219.1010
Email: sales@tractopart.com
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019