Memphis, August 19, 2025
News Summary
The Memphis City Council has unanimously approved a transformative $112.5 million development plan for the Liberty Park area, which will include a Hampton Inn hotel, a restaurant, and mixed-use residential buildings. With construction set to begin in late 2025, the project aims to boost local economic activity and enhance community amenities, featuring stunning views of Liberty Park from a rooftop bar and affordable housing options among the new residential units.
Memphis – In a recent development that promises to reshape the Liberty Park area, the Memphis City Council has unanimously approved a significant $112.5 million private development plan. This initiative is expected to enhance local economic activity and attract visitors to the region.
Mayor Paul Young has signed the development agreements and ground leases necessary to move the project forward, which is slated to break ground in the fourth quarter of 2025 and reach completion by early 2027. The ambitious plan includes a variety of amenities aimed at boosting the local economy and improving community offerings.
Details of the Development Plan
The approved development will feature a five-story Hampton Inn by Hilton, comprising 152 guest rooms designed to accommodate visitors to the Liberty Park area. In addition to the hotel, the plan includes a 5,000-square-foot restaurant that will be operated by either a local or a national restaurateur, providing dining options that cater to a wide audience.
One of the unique aspects of the development is a rooftop bar that will offer stunning views of Liberty Park and Simmons Bank Liberty Stadium, further enhancing the area’s appeal as a recreational destination.
Furthermore, two additional five-story residential and retail buildings will be constructed, facing Central Avenue. These buildings will provide a total of 215 apartments, with a portionโ43 unitsโdesignated as affordable housing. The ground floor of these residential buildings will also include 20,000 square feet of retail space, fostering a vibrant community that combines living and shopping.
Economic Impact
The Liberty Park area is already a hub for activity, housing notable facilities such as the Memphis Sports and Events Center, Simmons Bank Liberty Stadium, and the Kroc Center, which collectively attract over 300,000 visitors each year. Mayor Young has expressed that the intent behind the Liberty Park concept is to generate energy and opportunities for Memphis, thereby enhancing the city’s revenue base and aligning with broader goals of economic growth.
Architectural design responsibilities for the hotel and multi-purpose buildings have been awarded to LRK Architects and Bounds & Gillespie Architects. This collaboration is expected to ensure that the design integrates well with the existing park environment while providing state-of-the-art accommodations and commercial spaces.
Timeline of the Project
- Q4 2025: Construction begins
- Early 2027: Expected project completion
Conclusion
The Liberty Park development plan not only seeks to elevate the amenities available to residents and visitors but also aims to create job opportunities and expand entertainment options in Memphis, thereby potentially transforming the area’s economic landscape.
FAQ
What is the total investment for the Liberty Park development?
The total investment for the Liberty Park development is $112.5 million.
When is construction expected to begin and finish?
Construction is scheduled to begin in the fourth quarter of 2025 and is expected to be completed by early 2027.
What types of housing will be included in the development?
The development will include 215 apartments, with 43 units designated as affordable housing.
How many guest rooms will the hotel feature?
The Hampton Inn by Hilton will feature 152 guest rooms.
What kinds of retail space will be part of the development?
The project will include 20,000 square feet of retail space on the ground floor of the residential buildings.
Project Feature Breakdown
| Feature | Details |
|---|---|
| Total Investment | $112.5 million |
| Hotel | Hampton Inn by Hilton, 152 guest rooms |
| Restaurant | 5,000 square feet, operated by a local or national restaurateur |
| Rooftop Bar | Overlooking Liberty Park and Simmons Bank Liberty Stadium |
| Residential Units | 215 apartments, 43 affordable housing units |
| Retail Space | 20,000 square feet in residential buildings |
| Construction Timeline | Q4 2025 to Early 2027 |
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Additional Resources
- The Daily Memphian: Memphis City Council Preview Liberty Park Development
- Action News 5: City Sets Timeline for Liberty Park Development
- Fox 13 Memphis: Liberty Park Development Plan Moving Forward
- Local Memphis: Future of Liberty Park Hotel Announced
- Fox 13 Memphis: Liberty Park Closing Due to Severe Weather
- Wikipedia: Memphis
- Google Search: Liberty Park Memphis
- Google Scholar: Liberty Park Development
- Encyclopedia Britannica: Memphis
- Google News: Liberty Park Memphis
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
