MEMPHIS, TN (WMC) - Market Place Drive was renamed "Ikea Drive" on Thursday. The Swedish furniture company is one step closer to opening in Memphis.
The street's name change was just one request that was granted this week.
"This grants them all the zoning entitlements that they need. So, at this point, we'll begin the construction document phase," said Memphis and Shelby County Office of Planning and Development Director Josh Whitehead.
Whitehead provided WMC Action News 5 with documents that show the approval and an aerial view of the land and street leading up to the future $64 million store.
IKEA may choose not to alter the land by removing trees to make the store more visible to drivers.
"We are very excited about their vote and we're on track to close on the land purchase this summer, break ground in the fall and open the following fall of 2016," said Joseph Roth, IKEA public affairs.
Roth says the company is happy with the board's approval and hopes it will only continue to stir excitement for the store, the jobs it will bring to Memphis, and the amount of traffic it will attract to the city.
Those are things Whitehead says the Land Use Board all agree on.
"I think it's a great thing, not only for metropolitan Memphis, but in particular for Cordova. Germantown Parkway is probably the retail center of metropolitan Memphis and I think this strengthens that to a large degree," Whitehead said.
IKEA in Memphis is going to be around 270,000 square feet, which is roughly double the size of your average Lowes or Walmart.