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Developers pull $115M in permits for Sears Crosstown

Memphis Business Journal
Ryan Poe

Contractors have pulled the first permits for the $180 million redevelopment of the giant Sears Crosstown building in Midtown Memphis.

Grinder Taber & Grinder Inc. took out three public permits Tuesday with a combined value of $115.3 million to begin renovating the 1.5 million-square-foot structure and its 18 acres on North Watkins Street near North Parkway.

To see renderings of how Sears Crosstown will look after the renovations, courtesy of architect Looney Ricks Kiss, click here .

Grinder pulled an $82.2 million permit to restore and upgrage the existing building's shell and core, a $27.2 million permit for work on floors seven through 10 for the project's apartment component, and a $5.9 million permit to refurbish the parking garage, according to public records.

The work to the garage will be the first step toward a sweeping redevelopment by owner Crosstown LLC, which should be finished in spring 2016. Crosstown LLC received $5 million, the last major piece of its funding, in March from the Shelby County Commission.

For a list of tenants lined up for the building, click here.