Construction: $25 million building permit filed in Germantown
November 16, 2016
Memphis Business Journal
The eight-figure building permits for the mixed-use TraVure development in Germantown continue.
A permit valued at $25 million was filed Nov. 15 for a five-story office building and a five-story parking garage at 6815 U.S. Highway 72 (Poplar Avenue). The tenant and owner was listed as Gill Poplar G.P. and the architect as THODA & Assoc.
The $90 million TraVure project by developers Gill Properties, in addition to office space, will include a five-story Hilton Garden Inn and Home2 Suites by Hilton as well as restaurant and retail space. A $30 million permit for the dual hotels was filed in August.
TraVure recently made headlines in October when the Germantown Board of Mayor and Aldermen approved a 15-year payment-in-lieu-of-taxes (PILOT)application for Memphis-based MAA to move its headquarters from its current 6584 Poplar Ave. home to 83,000 square feet in the future TraVure building at the corner of Poplar Avenue and Kirby Parkway. MAA owns and manages apartment units across the U.S. and is in many ways Memphis' quiet corporate giant.