Contractor receives building permits for Sears Crosstown project
September 11, 2014
The Commercial Appeal
The developers for Sears Crosstown have received permits for more than $100 million in construction at the shuttered complex at 495 Watkins.
Grinder, Taber & Grinder Inc. is the contractor for the project, which includes: $82.2 million to restore and upgrade the building’s shell and core; $27.2 million to add residential infill on floors 7 through 10; and $5.9 million for the refurbishment of an existing garage.
Built in 1927, Sears Crosstown served as a regional headquarters and store for Sears, Roebuck & Co. Its redevelopment has been described as a vertical urban village with space for offices, clinics, apartments and classrooms. It is slated to cost almost $190 million and is expected to employ about 1,000 construction workers by late autumn.