Construction: $12 million permit filed for Ballet Memphis

Apr 18, 2016, 9:36am Meagan Nichols Reporter Memphis Business Journal

A multimillion-dollar building permit for Ballet Memphis’ future Midtown headquarters was just filed. The permit, valued at more than $12.6 million, was submitted April 15 for “new construction” at the 2144 Madison Ave. site in Overton Square.

The contractor on the project was listed as Grinder, Taber & Grinder and the architect as Archimania.Formerly the location of the French Quarter Inn, the property was originally slated to be the home of a new boutique hotel called Hotel Overton. Those plans changed in June 2016 when it was revealed that the developers of Hotel Overton, NCE Realty & Capital Group LLC, were under contract to sell the property to Ballet Memphis.

The deed was officially transferred Aug. 7, 2015. Ballet Memphis purchased the parcel from NCE Realty & Capital Group for $4.23 million. NCE Realty & Capital Group bought the property in 2013 for $1.9 million.Ballet Memphis hosted a “Deconstruction Day” on October 10 to clear the way for its new state-of-the-art facility. The dance organization is currently located at 7950 Trinity Road.

Posted by Ballet Memphis at 9:04 PM
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