In June of 2021, the DMC, in partnership with the Downtown Mobility Authority (DMA) and the City of Memphis, issued a Request for Proposal (RFP) seeking qualified respondents to act as the developer for the 100 North Main building and the adjacent historic properties.
Our RFP sought developers who:
Possess significant experience in the redevelopment of commercial property in an urban context.
Propose a realistic strategy for starting construction within 12 months from the date of the executed development agreement.
Demonstrate a proven ability to obtain private financing and attract equity investment for catalytic projects.
Outline a compelling vision for the site that meets the project goals defined in this RFP, and clearly demonstrates a commitment to design excellence.
Our project goals were:
Create a high-quality development that appropriately fits the downtown context and exemplifies design excellence.
Develop the entire property in a manner that builds compact critical mass, increases density, and significantly grows the tax base.
Improve the pedestrian experience and support increased mobility options.
Establish a clear commitment to diversity and inclusion by including Minority and Women-Owned
Business Enterprise (MWBEs) in the project’s ownership, design, and construction.
Create a mixed-use project that adds around-the-clock vibrancy to the neighborhood.
Employ adaptive reuse of the existing buildings and new infill development on the surface parking lot is the preferred strategy, if economically viable.
Leverage public parking as an amenity to support Downtown growth and unlock development potential.
Use available development incentives efficiently to maximize public benefit, and minimize public costs.
(Full details from the original RFP can be found here.)
Our efforts yielded 11 proposals. Of the original 11, six moved forward to the finalist round, and one was ultimately chosen as the selected proposal.