The Sears, Roebuck & Company Retail and Catalog constructed and operated ten properties like the building in the Crosstown neighborhood.
Other properties, like the Seattle location, snagged corporate interest. (Photo Source: www.waymarking.com)
The Landmark Center in Boston, Massachusetts is now a commercial center. (Photo Source: Jk Glass Co.)
(WMC-TV) - As the 14-story Sears Tower in Crosstown remains a vacant giant, Memphis residents anxiously wait for a revival —especially after the Church Health Center's pledge to move into the iconic building.
The group looking to redevelop the vacant Sears Tower gained support earlier this year from the Mayor's office and Memphis Housing and Community Development Director Robert Lipscomb to help find the $15 million dollars needed to fund part of the Crosstown Development Project.
Several organizations—including the Church Health Center, ALSAC St. Jude, and Methodist hospital—committed to moving into the space and raising the capital to refurbish the building.
Meanwhile, a variety of businesses fill a handful of other Sears buildings across the nation.
The Sears, Roebuck & Company Retail and Catalog constructed and operated ten properties like the building in the Crosstown neighborhood around the country between 1910 and 1930, according to the Crosstown Development Project's website.
Several of these properties in Minneapolis, Dallas, Atlanta, Seattle, and Boston have been transformed in recent years as a result of public-private partnerships focused on retail, office, and a range of residential uses.
Many of the redeveloped buildings are recognized for their architecture nationwide such as the Minneapolis property, which is now known as The Midtown Market Exchange.
Back in Memphis, the Sears Crosstown Tower was closed permanently in 1993 after ceasing operations for a decade; it has been abandoned for nearly 20 years. When redeveloped, the building would include many elements other refurbished towers possess while integrating health care, education, and arts offerings.
Developers say the 1.5 million square-foot former warehouse, distribution, and retail facility located at the intersection of North Watkins and North Parkway on the V&E Greenline has the potential to create more than 800 new jobs once the project is complete. Also, it will create 1,800 jobs during construction.
The yearly economic impact is estimated at $330 million. Developing partners want to move into the Sears Building by 2016.
Copyright 2013 WMC-TV. All rights reserved.
Handful of redeveloped 'Sears Towers' stand nationwideMore>>