Overton Square got its start in 1969 when developers led a referendum allowing the sale of liquor by the glass. The first license was issued to T.G.I. Friday’s, which anchored the thriving Square through its heyday to its ultimate decline in the early 2000s. In 2012, Loeb Properties Inc. purchased the all but abandoned Square and began renovating, beautifying, and recruiting new business. Today, Overton Square is one of the hottest new spots for food and entertainment, with dozens of restaurants, four local theater houses, and the soon-to-open, 38,000-square-foot Ballet Memphis. What’s old is new again.