An old building’s getting a fresh look in Overton Square. Loeb Properties
is preparing for an extensive facelift and renovation of its currently occupied, two-tenant building at the corner of Cooper Street and Madison Avenue.
Loeb bought the nearly 50-year-old building that sits on the fringe of Overton Square in 2000.
“We purchased the building quite a while before we purchased the rest of Overton Square,” said Loeb Director of Marketing Ciara Neill. “This is our opportunity to bring it back in line with the look and feel and the excitement of the rest of Overton Square.”
The modern design created by brg3s architects reflects the architecture of the new Ballet Memphis building across the street.
YoLo Frozen Yogurt will relocate just down the street to 1906 Madison Avenue this fall (after renovation of that space is completed), while Lenny’s Sub Shop will stay in place and continue with business as usual during the remodeling.
“The 6 S. Cooper St. side of the building that currently houses YoLo will be completely renovated inside and out. A new downstairs indoor/outdoor patio, along with an upstairs outdoor patio, will add approximately 1,000 square feet to the usable space,” said Neill, who points out the designs are still in the conceptual phase and could still change a bit.
The upstairs rooftop patio will be covered with an open-air pergola design, making it great for dining and/or drinks under the sun or stars, and the building’s façade will feature decorative ivy crawling down a trellis. The parking lot will also be redesigned for better efficiency.
“We definitely would like to put someone in there with the Overton Square vibe and ensure that the user is going to be a great addition - and something a little bit different than anything else that’s in the Square,” said Neill. “The tenant can be local, but we’re not ruling out an out-of-town user either.”
The end result will be a nearly 3,000-s.f. space that is likely to attract a restaurant owner.