(05-05-2016 11:20 AM)airric2255 Wrote:  

(05-04-2016 01:24 PM)muffinman Wrote:  

(05-04-2016 11:07 AM)tigerlands Wrote:  

(04-06-2016 11:39 AM)muffinman Wrote:  Redevelop the Sterrick and move them in there?

Only a matter of time before that building falls over from no maintenance.

The 100 N. Main building is also mostly vacant. Also, Peabody Place has a ton of empty space. That is a nice building and fairly new. There are many places that could handle Servicemaster. The old UTMG building at 1407 Union is vacant and it is big and has a parking garage. Plenty of options are out there if they want it. If they want a campus setting then that is more difficult. But easy enough to build. They are going to play the game to see who they can milk the most. If that is what they want to do then Memphis is in trouble, because Desoto county has a history of whoring themselves out in order to get companies and jobs out of Memphis. Maybe Memphis could help in converting the Oak Court Mall into something for them. A certain segment of Memphis has absolutely ruined that once nice small mall. It could be developed into a nice business setting.

Desoto has too. I just dont see how people like working in a state with a income tax, when just a couple miles away is a state that doesn't have one. You'd assume that would have a huge benefit in Memphis's favor.

If they want a "campus" feel, then they will probably have to do something out where they are currently located. Thats really the only space available to them to build something like that.

I just wished 100 N Main looked better. It is a ugly building.

Peabody place would be cool though. The initial mall-use for the building was flawed and was never going to succeed, but with some re-development of the mall area would make a cool office building.

I agree with you on Peabody Place. Its initial conception and opening was well received, but I think many, including myself, were blinded by the fact that it was downtown redevelopment, regardless of way, shape or form. The design was/is counter-intuitive to what works: open air space, patios, etc. An open air mall versus what essentially became a closed in mall.

Closed in malls are on the road to extinction. I read recently that only one or two closed in malls have been built in the last five years and none are currently under construction.

(05-05-2016 11:20 AM)airric2255 Wrote:  

(05-04-2016 01:24 PM)muffinman Wrote:  

(05-04-2016 11:07 AM)tigerlands Wrote:  

(04-06-2016 11:39 AM)muffinman Wrote:  Redevelop the Sterrick and move them in there?

Only a matter of time before that building falls over from no maintenance.

The 100 N. Main building is also mostly vacant. Also, Peabody Place has a ton of empty space. That is a nice building and fairly new. There are many places that could handle Servicemaster. The old UTMG building at 1407 Union is vacant and it is big and has a parking garage. Plenty of options are out there if they want it. If they want a campus setting then that is more difficult. But easy enough to build. They are going to play the game to see who they can milk the most. If that is what they want to do then Memphis is in trouble, because Desoto county has a history of whoring themselves out in order to get companies and jobs out of Memphis. Maybe Memphis could help in converting the Oak Court Mall into something for them. A certain segment of Memphis has absolutely ruined that once nice small mall. It could be developed into a nice business setting.

Desoto has too. I just dont see how people like working in a state with a income tax, when just a couple miles away is a state that doesn't have one. You'd assume that would have a huge benefit in Memphis's favor.

If they want a "campus" feel, then they will probably have to do something out where they are currently located. Thats really the only space available to them to build something like that.

I just wished 100 N Main looked better. It is a ugly building.

Peabody place would be cool though. The initial mall-use for the building was flawed and was never going to succeed, but with some re-development of the mall area would make a cool office building.

I agree with you on Peabody Place. Its initial conception and opening was well received, but I think many, including myself, were blinded by the fact that it was downtown redevelopment, regardless of way, shape or form. The design was/is counter-intuitive to what works: open air space, patios, etc. An open air mall versus what essentially became a closed in mall.

That is a big deal now. Open air malls are taking over just about everywhere, suburbs and down town districts. It gives you that "main street" type feel but also prevents people from dropping their kids off and having the mall "babysit" them.

It is amazing to me how certain people see any commercial need as an answer to re-develop an building . the fact is that many buildings have not been developed because they are obsolete. Why would Servicemaster (or any other company) overspend to redevelop a building that you want developed?

Servicemaster should buy/rent/build whatever fits their needs.Period. and the City of Memphis should bend over backwards to make sure they stay here, it is what it is....

(05-05-2016 03:42 PM)BinghamptonNed Wrote:  It is amazing to me how certain people see any commercial need as an answer to re-develop an building . the fact is that many buildings have not been developed because they are obsolete. Why would Servicemaster (or any other company) overspend to redevelop a building that you want developed?

Servicemaster should buy/rent/build whatever fits their needs.Period. and the City of Memphis should bend over backwards to make sure they stay here, it is what it is....

Overreaction? People are just talking out loud here. Nobody is trying to shove anything down Servicemaster's throat.

How much (or little) the city should incentivize them is a whole other discussion.

(05-05-2016 03:42 PM)BinghamptonNed Wrote:  It is amazing to me how certain people see any commercial need as an answer to re-develop an building . the fact is that many buildings have not been developed because they are obsolete. Why would Servicemaster (or any other company) overspend to redevelop a building that you want developed?

Servicemaster should buy/rent/build whatever fits their needs.Period. and the City of Memphis should bend over backwards to make sure they stay here, it is what it is....

Ceiling height is the issue with the 100 N. Main building right?

Can't be retrofitted unless they tear out the ceiling every other floor creating structure & cost issues.

(05-06-2016 10:48 AM)Cletus Wrote:  

(05-05-2016 03:42 PM)BinghamptonNed Wrote:  It is amazing to me how certain people see any commercial need as an answer to re-develop an building . the fact is that many buildings have not been developed because they are obsolete. Why would Servicemaster (or any other company) overspend to redevelop a building that you want developed?

Servicemaster should buy/rent/build whatever fits their needs.Period. and the City of Memphis should bend over backwards to make sure they stay here, it is what it is....

Ceiling height is the issue with the 100 N. Main building right?

Can't be retrofitted unless they tear out the ceiling every other floor creating structure & cost issues.

That Easy Way sure was there a long time. I think it finally closed around 2012 or 2013.

Service Master is having a "town hall" meeting tomorrow for a bunch of it's employees. This meeting will be held at... The Peabody. Bringing in buses to take employees from hq to downtown. Looks like Peabody Place it is!

Interesting.

http://www.bizjournals.com/memphis/news/...ntown.html

WOW!

According to multiple sources, the company is holding a meeting for its employees at The Peabody Hotel Friday. The meeting will be followed by a press conference announcing the company’s plans to the public. Mayors Jim Strickland and Mark Luttrell will reportedly be in attendance, along with representatives of the Downtown Memphis Commission.

As first reported by MBJ in March, ServiceMaster has been searching for options for it new headquarters inside and outside of Memphis, including Atlanta.

ServiceMaster moved its headquarters to Memphis in 2007 after the company received a 12-year PILOT for the current building on Ridgelake Boulevard in 2006. The company’s property tax PILOT expires July 31, 2020, while its personal property PILOT will be phased out, beginning in 2019. The company is expected to apply for a new PILOT.

ServiceMaster has renovated the floor in its existing headquarters that was vacated when TruGreen moved out of the building in February. TruGreen and ServiceMaster separated in late 2013.

The company’s pending move to Peabody Place will consolidate operations that are currently spread out among four facilities in the metro area.

During an interview with MBJ in January, Robert Gillette, ServiceMaster’s CEO, said his preference was to have the operations together in one building that would also help attract new talent to the city as it expands its operations.

“We’re one of the biggest leasers in Memphis, but the facility I’m describing now doesn’t exist” Gillette said. “We need to build a place. The question is, what is the best way to achieve that?”


The answer to that question appears to be by moving to Peabody Place.

Great news for our city for multiple reasons. This might irritate some of our resident haters.

JerryJeff, you are a true pioneer sir. Amazing sources.

How do you fit a thousand plus employees into Peabody Place entertainment? That's going to be a whale of a renovation. Even factoring the movie theater.

Good news, no doubt.

Not sure what this means for One Beale. Figured that would be the most logical choice but that project may not be viable anymore.

I think One Beale will eventually happen. There may be a chance MAA and Evergreeen Packaging might move their HQ downtown. Don't forget Autozone has publicly said they are way over capacity in their building

(06-02-2016 09:27 PM)Latilleon Wrote:  How do you fit a thousand plus employees into Peabody Place entertainment? That's going to be a whale of a renovation. Even factoring the movie theater.

Good news, no doubt.

i think its more than a thousand? The reports in March were they were seeking 280k ft, and PP mall is about 300k. I assume they know how to allocate space for their employees. But theres a lot of common areas at the mall. Maybe that helps in their recruitment. Or maybe they outgrow it soon.

(06-02-2016 09:51 PM)Bathtub Gin Wrote:  I think One Beale will eventually happen. There may be a chance MAA and Evergreeen Packaging might move their HQ downtown. Don't forget Autozone has publicly said they are way over capacity in their building

I think one will stay East, maybe fill in, although it would kick ass if both moved. This is first Ive heard of Autozone's space needs. Thats very cool.

This makes the residence part of One Beale much more likely, as it would raise demand for downtown housing and parking, not to mention St Jude's pending expansion.

Now is time for some smart planning and guidance from the Harahan to Uptown, from the Landing to the Medical Center (if not Crosstown). Discourage the limited service hotels, turn Pinch and Mud Island into a world class complement to St Jude, BPS, and the CC, expand the Landing to accommodate more cruises, brand Cotton Row, put LEDs on the 40 bridge as well as the Harahan, and bring a lot of these new workers together, from newcomers like Young and Rubicam to locals like those coming with Servicemaster. Build the community behind downtown especially as it grows. Dont let it get impersonal.

Man, Id love to see Servicemaster increase its visibility, maybe with involvement with the U of M and its B12 bid. Its a name brand though not as sexy a product as say Kroger Macys or FedEx. But I do think we are at a tipping point of something great in this community. The B12 would turbocharge it with the revenue influx, but it would still happen without it (mainly bc of St Juse and the medical center expansion announcements).

No time to get complacent, in fact the urgency may be more pronounced than ever. But recent corporate retentions in the region (Ledic, Orgill, Evergreen, now Servicemaster) are very promising.

(05-04-2016 09:56 AM)WaywardMemphian Wrote:  

(05-04-2016 09:27 AM)Bathtub Gin Wrote:  http://www.commercialappeal.com/columnis...1&d=mobile

Not good. 90% they gone.

have you ever been right about anything?

(06-02-2016 09:34 PM)memp600 Wrote:  Not sure what this means for One Beale. Figured that would be the most logical choice but that project may not be viable anymore.

I thought One Beale was supposed to be condo, apartment, and retail. I don't remember anything about office space. Not that it couldn't be changed at this stage.

This is good news for downtown. I work downtown and it's been sad to see Peabody Place mall empty for so long.

(06-03-2016 08:14 AM)JTiger Wrote:  

(06-02-2016 09:34 PM)memp600 Wrote:  Not sure what this means for One Beale. Figured that would be the most logical choice but that project may not be viable anymore.

I thought One Beale was supposed to be condo, apartment, and retail. I don't remember anything about office space. Not that it couldn't be changed at this stage.

This is good news for downtown. I work downtown and it's been sad to see Peabody Place mall empty for so long.

I think the problem was Belz went the wrong direction with it. And also there were bad breaks. The retailers weren't attractive to tourists. Kids from the nearby communities scared away the locals with money who would shop there and go to the movie theater. IMO Muvico was managed poorly. Isaac Hayes was obviously managed poorly. Jillians and Tower went bankrupt. All the other stores were mall chains that could be found elsewhere in Memphis. It was a beautiful facility and I wonder if the right choice there was another high rise instead of a small mall.

(06-02-2016 11:11 PM)kabluey Wrote:  

(06-02-2016 09:51 PM)Bathtub Gin Wrote:  I think One Beale will eventually happen. There may be a chance MAA and Evergreeen Packaging might move their HQ downtown. Don't forget Autozone has publicly said they are way over capacity in their building

I think one will stay East, maybe fill in, although it would kick ass if both moved. This is first Ive headlrd of Autozone's space needs. Thats very cool.

I hadn't heard of AutoZone outgrowing their space either...if so, that's indeed great news.

It wouldn't surprise me if MAA or Evergreen take ServiceMaster's old HQ space once they move downtown. Even though SM needed something different, it's prime space for someone.