Development, residential growth and parking

With 44 projects currently under construction Downtown, the Downtown Memphis Commission expects to build off an exciting 2022.

Another 27 projects are in the planning phase and 21 were recently completed, according to the Downtown Memphis Commission’s 2022 annual report. The DMC also hosted or sponsored 249 free events attended by more than 500,000 people.

“2022 was a year of expansion for Downtown Memphis,” DMC President and CEO Paul Young said. “With climbing residential numbers, a return to the vibrant nightlife and restaurant scene that defines the entertainment district, the league’s hottest NBA team (Memphis Grizzlies), and live music 365 days a year — Downtown Memphis saw tourism rebound and pedestrian counts return to pre-pandemic levels.”

The $40 million Downtown Mobility Center, photographed on Dec. 27, 2022, is on schedule and set to open in the summer in Memphis.

The DMC held its State of Downtown event Thursday at the New Daisy on Beale Street, the first event held there since 2019. The event included food from Beale Street restaurants, beer from Ghost River and live music.

Here are takeaways from the presentation.

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Memphis development:From Liberty Park to St. Jude, here’s what to look for in 2023


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