(04-01-2016 10:02 AM)Bathtub Gin Wrote:  They won't stay over there because there isn't a vacant building big enough to consolidate all their offices in that area. Plus they can't build in that area because there is no land available. Based on their millennial comment, the logical landing spot for them is downtown.

AutoZone built their own building didn't they? Did they get help from the city?

They did but when they finally announce their expansion (they have outgrown their headquarters too) then you can bank on them getting incentives from the city, county, and state. Even St Jude is doing this for their expansion

(03-31-2016 04:15 PM)Tiger46 Wrote:  

(03-31-2016 10:19 AM)tigerlands Wrote:  

(03-31-2016 09:46 AM)Tiger46 Wrote:  The story in the Business Journal was interesting, citing their desire to have a facility that would attract 20-30 year old workers.

Also interesting fact in that article, Donald Trump was largely responsible for Holiday Inn selling out to Bass and moving to Atlanta (in addition to screwing the Memphis Showboats and USFL).

Thanks Donald. Had some good friends that lost HI jobs because they didn't want to leave Memphis.

Mike Rose sealed the deal for HI. He really hurt his hometown with that move, but hey, he made a killing at he bank. So I guess that makes things okay in his mind.

I think Servicemaster is using the move as leverage. They will be able to get anything they want by threatening to move. Several local companies/non-profits have done this in the past with success. I worked at one company here in Memphis that built a new manufacturing plant in Arkansans. Now they use the threat of moving other local plants and HQ to Arkansas every time they need something from the city or county.

Memphis needs to step up.

Dallas, Frisco, Plano are drawing in corporate HQs at a dizzying pace. There are more corporate HQs here than any other city.

And they have real estate standing just like they are looking for. And let's not get started on the work force.

Plano/Richardson rocks.

(04-01-2016 01:46 PM)Bathtub Gin Wrote:  They did but when they finally announce their expansion (they have outgrown their headquarters too) then you can bank on them getting incentives from the city, county, and state. Even St Jude is doing this for their expansion

St. Jude is a non-profit. Why would they need incentives as they pay no taxes?

.

(04-01-2016 02:17 PM)TigerBlue4Ever Wrote:  

(03-31-2016 04:15 PM)Tiger46 Wrote:  

(03-31-2016 10:19 AM)tigerlands Wrote:  

(03-31-2016 09:46 AM)Tiger46 Wrote:  The story in the Business Journal was interesting, citing their desire to have a facility that would attract 20-30 year old workers.

Also interesting fact in that article, Donald Trump was largely responsible for Holiday Inn selling out to Bass and moving to Atlanta (in addition to screwing the Memphis Showboats and USFL).

Thanks Donald. Had some good friends that lost HI jobs because they didn't want to leave Memphis.

Mike Rose sealed the deal for HI. He really hurt his hometown with that move, but hey, he made a killing at he bank. So I guess that makes things okay in his mind.

I think Servicemaster is using the move as leverage. They will be able to get anything they want by threatening to move. Several local companies/non-profits have done this in the past with success. I worked at one company here in Memphis that built a new manufacturing plant in Arkansans. Now they use the threat of moving other local plants and HQ to Arkansas every time they need something from the city or county.

Memphis needs to step up.

Dallas, Frisco, Plano are drawing in corporate HQs at a dizzying pace. There are more corporate HQs here than any other city.

And they have real estate standing just like they are looking for. And let's not get started on the work force.

Plano/Richardson rocks.

Yep. That's where my company built their HQ.

(04-05-2016 11:25 PM)Cletus Wrote:  

(04-01-2016 01:46 PM)Bathtub Gin Wrote:  They did but when they finally announce their expansion (they have outgrown their headquarters too) then you can bank on them getting incentives from the city, county, and state. Even St Jude is doing this for their expansion

St. Jude is a non-profit. Why would they need incentives as they pay no taxes?

.

They are looking for state incentives to help build the new infrastructure for their expansion. St Jude is expanding their campus because they are going to start treating sickle cell

(04-05-2016 11:25 PM)Cletus Wrote:  

(04-01-2016 01:46 PM)Bathtub Gin Wrote:  They did but when they finally announce their expansion (they have outgrown their headquarters too) then you can bank on them getting incentives from the city, county, and state. Even St Jude is doing this for their expansion

St. Jude is a non-profit. Why would they need incentives as they pay no taxes?

.

State reps from California and Missouri met with st Jude execs trying to get them to do their expansion in their state and offered them incentives to pay for the infrastructure. That's why they are working with Haslam because they want to expand here

(04-01-2016 02:17 PM)TigerBlue4Ever Wrote:  

(03-31-2016 04:15 PM)Tiger46 Wrote:  

(03-31-2016 10:19 AM)tigerlands Wrote:  

(03-31-2016 09:46 AM)Tiger46 Wrote:  The story in the Business Journal was interesting, citing their desire to have a facility that would attract 20-30 year old workers.

Also interesting fact in that article, Donald Trump was largely responsible for Holiday Inn selling out to Bass and moving to Atlanta (in addition to screwing the Memphis Showboats and USFL).

Thanks Donald. Had some good friends that lost HI jobs because they didn't want to leave Memphis.

Mike Rose sealed the deal for HI. He really hurt his hometown with that move, but hey, he made a killing at he bank. So I guess that makes things okay in his mind.

I think Servicemaster is using the move as leverage. They will be able to get anything they want by threatening to move. Several local companies/non-profits have done this in the past with success. I worked at one company here in Memphis that built a new manufacturing plant in Arkansans. Now they use the threat of moving other local plants and HQ to Arkansas every time they need something from the city or county.

Memphis needs to step up.

Dallas, Frisco, Plano are drawing in corporate HQs at a dizzying pace. There are more corporate HQs here than any other city.

And they have real estate standing just like they are looking for. And let's not get started on the work force.

Plano/Richardson rocks.

I know you probably remember the Telecom Corridor in Richardson...most of that has moved to Plano/Frisco. But AT&Ts world HQ is there near Richardson

Redevelop the Sterrick and move them in there?

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

(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.

It's vacant, but it's being maintained. I lived across the way from it and was spooked out when a light was on in one of the upper floor rooms. Come to find out crews were working in the building. A couple years back, someone cleaning the windows fell off the side of the caddy and had to be saved.

The clock is ticking before the current leaseholders have to turn the building to the people who own the land the Sterick Building is on in about 10 years.

(04-01-2016 01:37 PM)Tiger46 Wrote:  

(04-01-2016 10:02 AM)Bathtub Gin Wrote:  They won't stay over there because there isn't a vacant building big enough to consolidate all their offices in that area. Plus they can't build in that area because there is no land available. Based on their millennial comment, the logical landing spot for them is downtown.

AutoZone built their own building didn't they? Did they get help from the city?

AutoZone got a deal as part of Peabody Place which Belz did with lots of government money. In addition, the city bought the former AutoZone headquarters on Poplar which was supposed to be the Central Library but the building wasn't going to be able to support the books so it was demolished. Since then the Ben Hooks Library has been built.

(04-06-2016 03:42 PM)Latilleon Wrote:  

(04-01-2016 01:37 PM)Tiger46 Wrote:  

(04-01-2016 10:02 AM)Bathtub Gin Wrote:  They won't stay over there because there isn't a vacant building big enough to consolidate all their offices in that area. Plus they can't build in that area because there is no land available. Based on their millennial comment, the logical landing spot for them is downtown.

AutoZone built their own building didn't they? Did they get help from the city?

AutoZone got a deal as part of Peabody Place which Belz did with lots of government money. In addition, the city bought the former AutoZone headquarters on Poplar which was supposed to be the Central Library but the building wasn't going to be able to support the books so it was demolished. Since then the Ben Hooks Library has been built.

I was still living there when all that was done. I just couldn't remember what AutoZone asked for in regard to getting the building they wanted.

http://www.commercialappeal.com/columnis...1&d=mobile

FWIW- ServiceMaster has 28 open positions in Memphis right now, majority of them are corporate. I think if they were going to leave then they would have implemented a hiring freeze here.

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

Not good. 90% they gone.

(05-04-2016 09:53 AM)Bathtub Gin Wrote:  FWIW- ServiceMaster has 28 open positions in Memphis right now, majority of them are corporate. I think if they were going to leave then they would have implemented a hiring freeze here.

their top executives don't think they are leaving.

(05-04-2016 10:13 AM)BinghamptonNed Wrote:  

(05-04-2016 09:53 AM)Bathtub Gin Wrote:  FWIW- ServiceMaster has 28 open positions in Memphis right now, majority of them are corporate. I think if they were going to leave then they would have implemented a hiring freeze here.

their top executives don't think they are leaving.

I hole so, Memphis finally getting a bit of steam built up to push ahead after too long a period of just sitting on the tracks.

(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.

(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.

(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.