MEMPHIS, Tenn. - Parking spots in Overton Square are growing slim.
Developers started construction for a new boutique hotel on the parking lot between Trimble Place and the Hattiloo Theater in August.
And with the construction, reaction is mixed.
“I was a little disappointed when I saw the fence all around it. I was like, ‘What’s all this and how long is this going to take?’” said Angela Shipp.
LOEB Properties is building a new boutique 106-room hotel called “The Memphian” on that lot. The company pulled a $16 million permit in June.
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Developers said they worked with the city to expand parking around the square along South Cooper Street and other public streets.
Additionally, the parking garage will only charge customers after 6 p.m.
However, others said the parking change isn’t a major inconvenience since it will bring a new asset to Midtown in return.
According to developers, the new hotel will be complete by early 2021.
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