MEMPHIS, Tenn. (localmemphis.com) - City leaders are hanging on to hope a new owner will soon take over another vacant eyesore in downtown Memphis. 100 North Maim, the bluff city's tallest building, closed more than three years ago.
City planners said there's still interest from developers to refurbish 100 North Main into a mix of hotel rooms, apartments, or condos, but no deal yet.
The property was recently foreclosed on by the lender, and the new operator was ordered to better secure the building after trespassing issues.
Mayor Jim Strickland said 100 North Main's redevelopment is a critical piece to continue downtown Memphis' recent momentum.
"I'm hopeful that we will have something to announce on that this year because this is too big building, you know, you can see it across the river,” says Strickland.
Downtown Memphis leaders said revitalizing 100 North Main into hotel rooms could be a game changer in the city luring bigger conventions to the bluff city.