Downtown Memphis to Get $9.4 Billion “Neural Nexus” Mixed-Use Development
A major new development is coming to downtown Memphis, promising to reshape the city’s skyline and tech landscape. Legacy Power Capital, a real estate investment company, announced plans to build a massive “neural nexus” on two city blocks across from AutoZone Park.
The project, revealed Wednesday alongside the Greater Memphis Chamber and FedEx, is being described as a cutting-edge blend of technology, housing, workplaces, and public spaces. According to Legacy Power Capital, a neural nexus combines cloud computing infrastructure with mixed-use development, creating a hub designed to support large-scale AI projects.
“This will be the largest development in the history of Downtown Memphis,” said Ted Townsend, CEO of the Chamber. “It will reshape Downtown Memphis.” Townsend emphasized that this is not a traditional data center. “We’re talking about sovereign cloud computing,” he said.