09/25/2026
1. St. Jude Advances Work on $810M Research Center
St. Jude Children's Research Hospital is continuing construction of its $810 million Advanced Research Center II (ARC II), a 16-story research facility at 555 Danny Thomas Place. The 865,000-square-foot building is planned to include 130 laboratory spaces across 13 floors, with construction expected to be completed by January 2029. St. Jude expects the expansion to support approximately 2,000 additional jobs over time, adding significant investment to Memphis' medical and life-sciences sector.
2. The Hermitage Details $132 Million Overhaul in Nashville
The Andrew Jackson Foundation has announced a $132 million transformation of The Hermitage, including a new 70,000-square-foot Visitor and Education Center and expanded visitor facilities. The project will also include restored historic spaces, improved visitor amenities, a new Visitor Comfort Facility, and an outdoor amphitheater across the 1,120-acre site. Construction planning is already underway, with the project expected to be funded primarily through private donations along with public support and grants.
3. Dragon Alley and Surefire Coffee Co. Join Albion Music Row
Albion Music Row has fully leased its more than 10,000 square feet of ground-floor retail space to Dragon Alley and Surefire Coffee Co. Dragon Alley will occupy more than 10,000 square feet for its Asian street-food restaurant and bar concept, while Nashville-based Surefire Coffee Co. will add a smaller coffee shop space. The new tenants are expected to increase activity at the 29-story Midtown development and strengthen its connection with the surrounding Midtown and Music Row communities.
4. FedEx Consolidation Raises New Questions for Industrial Net-Lease Investors
GlobeSt examined how FedEx's consolidation plans could affect industrial net-lease properties and investors, particularly where existing leases approach expiration. The analysis notes that strong current property performance may not fully offset risks associated with changes to FedEx's logistics footprint and potential tenant decisions. Because FedEx is headquartered in Memphis and has a major logistics presence there, the issue provides a relevant perspective on how corporate strategy can influence the local industrial real estate market.
5. Lausanne Pulls New Building Permit Connected to Multimillion-Dollar Project
Lausanne Collegiate School has pulled a new building permit as it moves forward with a multimillion-dollar campus transformation in Memphis. The project represents another significant institutional construction effort in the Memphis market and is part of the private school's broader plans to improve its campus. The development adds to the ongoing pipeline of institutional and construction investment across the Memphis area.