As the gateway to Downtown Memphis, The Edge District is the latest area to see plenty of renovation and revitalization.
The Rise Apartments, which formerly housed the historic Wonder Bread Factory, features 199 units and sits right next to the new Orion Federal Credit Union’s new head quarters.
The new residential area is just a minute away from The Ravine, a community-led greenspace, taproom, and a plaza for events, that will live between Madison and Union Avenue. This million dollar project will not only serve as an anchor for the community, but will also encourage visitors and citizens alike to take a trip Downtown.
Just a block or two from the Ravine sits the site of the future Downtown Memphis development, The Walk on Union. This nearly $1 billion project will include everything from apartments, two hotels and office space to retail space and at least one grocery store.
A redevelopment of six parcels in the edge district, including the historic Wonder Bread Factory at 400 Monroe and the former Memphis Cycle Supply at 421 Monroe, is poised to undergo a major transformation. 286 market-rate, Class A apartments and a 480-space garage will become the “Bakery Apartments” within the Edge District and over 155,000 square feet of retail, office, and mixed-use space will be spread throughout the development. The $73 million makeover of the Edge District will also include the relocation of Orion Federal Credit Union’s HQ, occupying the western portion of the Wonder Bread Factory and the old Cadillac building next door.