Buster's moves forward on expansion plans
June 26, 2015
Memphis Business Journal
By Meagan Nichols
The expansion is starting at Buster’s Liquors & Wines.
Earlier this month, it was announced the popular liquor store located at 191 S. Highland St. planned to grow its footprint by 6,000 square feet via the acquisition of neighboring La Hacienda restaurant.
A building permit issued this week to the property owner Loeb Properties Inc. valued at $500,000 is to “expand existing store into adjacent space.” Once the renovation and remodels are finished the total store space will reach more than 16,000 square feet.
The rapidly approaching change in wine laws that will allow groceries to sell wine in stores starting summer 2016 are prompting liquor stores to find innovate and creative ways to stay competitive. Back in early June, Buster’s owner Josh Hammond told Memphis Business Journal he planned to be the “ultimate destination shop for any of your beverage needs.”
“I don’ think it is a secret that a lot of stores in this industry are going to have to update and upgrade their models,” Hammond said. “For us to do that, acquiring new space was inevitable.”
The contractor on the roughly $850,000 estimated renovation is Grinder, Taber & Grinder Inc., the architect on the permit is Design Shop, Carey White of Loeb Properties brokered the new lease and Tom Hayes of Loeb is the project manager.
A few weeks ago, Hammond told MBJ Buster's is aiming for an October 2015 completion date.