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Digs of Sub Shop, Whatever Near U of M in Flux

Two mainstay retail businesses on the Highland strip are being forced to consider other spaces for their locales.

Super Submarine Sandwich Shop, or Chinese Sub Shop as regulars call it, and smoking accessory and gift shop Whatever have about six months to find a new home. That’s because the property owner of 612 S. Highland St. is under contract to sell the 9,628-square-foot strip center to a new owner that will allegedly raze it.

A spokesperson for Palmer Brothers Inc., which manages the property in the University of Memphis neighborhood for the estate of Marion J. Madison, confirmed that the tenants have been given six-months notice, adding that the entire process including due diligence will likely take longer than that.

Jun Hua, owner of Chinese Sub Shop, said she hopes to relocate close by, but finding adequate restaurant space and parking is a challenge. The eatery has been a staple in the community for more than 35 years.

“Right now, we don’t know yet,” Hua said. “We want to stay here forever, but if the landlord sells the property and tears the building to build a new building, we have to go.”

Luke Sexton, operations manager of Whatever, said they were notified “in a roundabout way” of the property’s fate.

“Our property management people never let us know,” Sexton said. “We found out from one of our neighbors because he got a notice saying that he was going to have to be moved out of the premises in six months because the building had sold and it’s going to be demolished.”

Whatever has had a presence at 610 S. Highland St. for more than 40 years. Sexton said locals have been “flipping out” over the news.

“People keep asking us, like hitting me up on Facebook, ‘Oh, what are you guys going to do? You’ve been an institution in the area for so long.’”

But, rest assured, the novelty shop plans to occupy the space that formerly housed Double Deuce, next to what is now Juicy Jim’s, by December.

“We don’t plan on leaving the area whatsoever, we just have to move a half a block down,” Sexton said.

Economic development news

Vanport, Pa.-based KMA Manufacturing won a tax incentive this week that will help the steel fabrication and manufacturing company add 25 new jobs and invest $1.8 million in personal property in Memphis.

The company got a four-year tax freeze for the project, which it says will create $432,026 in new tax revenue for Memphis and Shelby County. The company plans on using the capital investment and new employees to expand its Memphis operation to a new facility at 1207 Riverside Blvd.

KMA currently operates a 28,000-square-foot facility at 2270 Channel Ave. and hopes to increase its Memphis employment from 9 to at least 34 with an average annual wage of $39,374.

Also this week, local economic development officials learned that Land & Timber Resources LLC, an Arkansas-based entity, is looking to purchase at least 5,000 acres on Presidents Island. The company has a letter of intent to buy the land, and the local Port Commission has tapped a committee to look into the sale.

More on Robert Pera and the Grizzlies

Robert Pera’s deal for the Grizzlies keeps rolling along. Some odds and ends:

It made a big splash a week or two ago that a deal had been reached with local owners for the team. I was told at the time that what in fact was being signed was an agreement in principle, and that at the time it hit the news, the document – a page or two long – actually identified itself as a nonbinding agreement.

One source told me: You (darn) well know the real thing’s going to be 200 pages long.

Over the last week or so, we’ve seen more names continually surface as being part of Robert’s deal, but not all of them will necessarily be part of the “local” ownership. i.e., the local guys are getting terms unique to them. I was told today, for example, that it’s looking like those terms will include once the local guys put up their cash, they won’t be on the hook financially, per se, after that. And if Pera ever needs to bring more capital/new owners into the pool, it apparently won’t dilute the percentages of the local guys.

I’m told the local ownership will likely top out at between 10 and 12 people. Also, that group likely will end up contributing at least $50 million to Pera’s bid for the Grizzlies. However, there’s an understanding that they’re not doing it to make money. How it was put to me was, the local guys are basically making a $50 million gift to solidify something that’s important to the city.

Bon Ton Café to Open Wednesday

After a four-year hiatus, Downtown Memphis’ Bon Ton Café will reopen Wednesday, Sept. 19, at 7 a.m.

The restaurant at 150 Monroe Ave. has had trial runs this past week with friends and family. The soft opening to the public Wednesday will include breakfast and lunch, as a dinner service will be added “further down the road,” said Bon Ton manager Patti Bancroft.

Bon Ton has been closed since 2008, when then-owner Sam Zambelis died. The more-than-a-century-old space is still owned by the Zambelis family and includes two levels – 7,000 square feet on the ground level and a 3,500-square-foot space upstairs.

The restaurant will be run by Tommy Peters, president of Beale Street Blues Co., which operates B.B. King’s Blues Club and Itta Bena.

Rotary to Jump Start Cook Convention Center’s Books4Bikes Campaign

The Memphis Cook Convention Center will kick off its 2012 Books4Bikes campaign to benefit the students at Florida-Kansas Elementary at the weekly luncheon of the Memphis Rotary Club on Tuesday, Sept. 18, at noon.

Following a tradition that began more than six years ago, the Rotary Club will donate the first bike to the Convention Center’s effort, which awards bikes to those students who read the most books, make the most improvement, and receive the best test scores on their books.

The goal is to collect more than 75 new bikes to be awarded to the students just before the Christmas holiday break. The Convention Center is asking individuals and companies to donate a new bike or $100, so the staff can purchase bikes suited to the winning student’s size and gender.

“We hope to give away 12 bikes to each grade, and we’ll have the award program at the school right before the holiday break so for a lot of the kids it’s an early Christmas,” said Pierre Landaiche, general manager of the Cook Convention Center and Cannon Center for the Performing Arts.

The employees of the Memphis Cook Convention Center selected Florida-Kansas Elementary as its Adopt-a-School in 2010. Last year, the Books4Bikes campaign donated more than 75 bicycles to Florida-Kansas Elementary while encouraging students to read thousands of books.

Over the last seven years, more than 550 new bikes have been given to Memphis City School students.

Dansette

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