One Beale is a proposed two-tower development in Memphis, Tennessee. Located at the corner of Beale and Riverside, the towers are reported to collectively contain office space, apartments, underground parking, and retail space. The towers are expected to be completed in 2018.
History
In December 2005, Gene Carlisle proposed a building at Beale Street and Riverside Drive in Downtown Memphis. The first phase of One Beale was a $150 million, 27 story condominium and hotel standing at tall. The tower was to feature 168 hotel rooms and 159 condos. The tower also featured of class A office space. The architectural firm working on this project was Hnedak Bobo Group, Inc. In August 2006, Gene Carlisle revised his proposal to include two towers. The northern tower was to be 30 stories tall and making it the tallest building in Memphis over 100 North Main which is tall. The southern tower was to be 27 stories tall. Together the proposal was for approximately 250 hotel rooms, 150 condos, of Class A office space, and of retail, commercial and meeting space. On September 15, 2006 Land Use Control Board of Memphis unanimously approved the proposal for the tower. The proposed towers were met with stiff opposition from residents of other buildings who complained that One Beale would block their view of the Mississippi River. Gene Carlise responded to the opposition, "At the end of the day we're confident we'll be a great neighbor and we'll raise the property values in their part of the world. Of course, you can't please everybody and we've tried very hard to do that. We're very sensitive to this neighborhood. We've been there for a long time, almost 30 years." On October 18, 2006 the building was unanimously approved by the Memphis City Council. After a prolonged hiatus due to poor economic conditions, the One Beale project was revived in June 2014. In December 2015, it was announced that Carlisle Corp. was considering adding a third tower to their development. The third tower, if built, would contain office space, reportedly in order receive federal grant money to help with the costs of modernizing the property's utilities. This plan was adjusted in April 2016, when it was announced that the hotel tower would be axed to make way for a larger office tower.
Residential Tower
The tallest tower will consist of 280 residential apartments, which includes 168 one-bedroom units and 112 two-bedroom units. In addition, the main floor will be made up of of retail space.
Office Tower
The office tower could range anywhere from 6 stories including of space, to 14 stories consisting of, depending on space demand.
