Renderings reveal $70M plan to revamp Edge District

MEMPHIS, TN (WMC) - Developers revealed their plans to overhaul Memphis's Edge District.

The $70 million investment would include renovating the old Wonder Bread bakery, which has sat vacant for years, into an apartment building.

PHOTO GALLERY: Renderings for Edge District's proposed overhaul

The dramatic transformation would connect the Edge District to the Medical District and Downtown Memphis.

"We've seen this huge demand for stuff," Development Services Group's Ethan Knight said. "People love that area. Love the activity. Think it's a cool area to be and Memphis needs to capitalize on it."

Development Services Group is asking for property tax incentives to make the overhaul a reality. The group would serve as the master developer.

DGS was the agency behind the rebirth of Downtown's Chisca Hotel in 2015.

Downtown Memphis Commission could potentially sign off on the plan in August.

Developers said if they get the incentives they're asking for, construction could start as soon as September.

Copyright 2017 WMC Action News 5. All rights reserved.