MEMPHIS, Tenn. — Developers are about to break ground on another giant development planned for Memphis.
The team working to transform the old Sears Crosstown building near downtown is planning a groundbreaking celebration next month.
The massive 14-story building has been sitting vacant for more than 20 years.
Soon it will be home to what developers describe as a new “urban village,” complete with housing, restaurant and retail businesses, health clinics, and even a charter high school.
The Crosstown development team has secured $200 million in financing to renovate the 1.5 million square foot building.
A groundbreaking celebration is planned for February 21, 2015.