Deal in Works to Transform Overton Square's French Quarter Inn

Deal in Works to Transform Overton Square's French Quarter Inn

The French Quarter Inn is sitting empty on the corner of Madison and Cooper. It's grossly out of place in the midst of all the progress in the square, but hopefully not for much longer.
MIDTOWN MEMPHIS -- It is one of the final pieces to the redevelopment puzzle in Overton Square. The French Quarter Inn is sitting empty on the corner of Madison and Cooper.

It's grossly out of place in the midst of all the progress in the square, but hopefully not for much longer. A deal to sell the inn to a Texas developer looks like it is going to happen.

The news is creating a buzz around midtown.

"It's just been sad as I drive by it every day on my way to work that the trees are over growing," says Memphian Chris Lievens. "There's so much excitement in the Overton Square area that I was waiting and waiting for good news."

It looks like that day is here.

ASC Management, a developer in Austin, Texas is moving forward with plans to buy the place.

"It's really going to bring back to this area for what's been missing for a couple of decades," Lievens says.

A partner in the deal has ties to the Peabody and Madison Hotels in downtown Memphis. The company hasn't released any details, but rumors are floating.

“There's a strong likelihood there could be a boutique-esque hotel,” says Lievens.

“The whole city needs hotels. If they come in spending money on a boutique hotel, something like the Madison did, it would be a great thing for the area,” says Derk Meitzler who manages the Overton Square Local right across the street from the Inn.

He says it's simple, more businesses equal more business.

“It will bring in more customers. Hopefully they'll do some neat things in there for chefs, another venue for Memphians to use.”

“It's going to draw in visitors from out of town, from in town, people interviewing at businesses in the area,” says Lievens. “I'll come visit and I'll come stay, even though I don't live too far away.”

The developers have until the end of October to finalize the deal.
Page: [[$index + 1]]
comments powered by Disqus