The future home of Memphis-based MAA has taken another step forward.
Gill Poplar GP has pulled a $25 million permit for the five-story office building in TraVure that will be anchored by Memphis-based MAA.
Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.
MAA will occupy 83,265 of the 144,968 square feet of the TraVure office building, according to Gill Poplar GP’s payment-in-lieu-of-taxes application, which was approved by the Germantown Board of Mayor and Aldermen in late October.
The company currently occupies 43,000 square feet at 6584 Poplar Ave., west of Kirby Parkway in East Memphis near the border with Germantown.
MAA’s new office campus will create 219 jobs for Germantown that will pay an average of $85,128, according to the application. That is 161 percent of Germantown’s per capita income.
The capital investment for the office building and parking garage total $33 million.
TraVure also will include retail offerings and a co-branded hotel being developed by Ridgeland, Mississippi-based Desai Hotel Group. In August, Desai filed a $30 million building permit application for the five-story hotel, which will include a Hilton Garden Inn and a Home2 Suites by Hilton under one roof.