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Article: Burgeoning Beale: redeveloping a legend.(Beale Street, Memphis, Tennessee)
- Article from:
- Business Perspectives
- Article date:
- November 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 University of Memphis. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When Performa Entertainment Real Estate began the redevelopment of Beale Street in the mid-1980s, three goals were established to guide the development process: to return commerce to the street, to make Beale Street the "Music Center of the Region," and to eliminate barriers that would prevent anyone from participating in the redevelopment. We have now met and exceeded each of initial goals.
Goal One: Returning Commerce to Beale
Beale Street is home to 31 businesses and companies employing more than 700 people. The three-block Historical District is projected to gross over $25,000,000 in sales during 1998. Five restaurants alone will gross over ...