A long-vacant landmark sees new life as a mixed-use development
A landmark building in Memphis‘ Crosstown neighborhood has been transformed into a mixed-use development that brings together commercial, residential and retail components.
Crosstown Concourse is the rebirth of the 1.5 million-square-foot former Sears, Roebuck & Co. catalog distribution center.
The once thriving 10-story Art Deco building on Concourse Avenue had stood vacant since the early 1990s. Opened by Sears in 1927, the landmark structure was ultimately placed on the National Register of Historic Places in 2013, and a local organization called Crosstown Arts got behind a massive effort to bring the building back to life.
Memphis-based Kemmons Wilson Cos. oversaw the $200 redevelopment project that was completed in August 2017. Crosstown Concourse features retail stores and restaurants on the first floor, while floors 2-6 are highlighted by a fitness center, health clinics, an art center, the charter Crosstown High School and commercial offices. Floors 7-10 feature 270 loft-style residential apartments called Parcels at Concourse.
The development, which has its own parking garage, is estimated to create about 700 new jobs and generate more than $35 million in annual wages once everything is occupied.