Dlugolenski, who is one of the partners behind the project, said the continued wait to start vertical work demolition and some site work has been done was a desire to see some interest rate relief or other reversals of some of the economic headwinds that have been keeping the development in a holding pattern. Another 27 projects are in the planning phase and 21 were. He said the project cost for the first phase has risen by about $30 million since it was initially announced. Mickey Brown, the first building manager for the tallest building in Memphis . In fact, Memphis is one of the few cities in the United States that has an almost fully booked development schedule, with over $1 billion in new downtown-area construction in place already. West Memphis Homes for Sale $106,961. Staff for Harry Buffalo . Memphis development: Where do Tom Intrator's Pinch District and Project Cost $1,116,000 District South Cbid Type new-construction Developer Ambassador Commons, LLC More Info expand_more PILOT A Canadian development firm has proposed to build two 39-story towers right next to its under-construction condo project in downtown Denver. BuildDowntown provides a common understanding of both where Downtown Memphis is today and what it wants to become tomorrow. Phase one's construction is estimated to start in 2024, with phase two starting in 2026. ft. of ground-floor commercial space. 93-room Tru by Hilton, at 7235 Sleepy Hollow Drive in Southaven scheduled to open January 2022 155-room Aloft by Marriott, at 161 Jefferson Ave. in Downtown Memphis scheduled to open. Busking. 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