Developers took a key step this week toward construction of the Overton Square hotel that, according to documents, will be called the Memphian.
An application for a building permit was filed Monday for 21 S. Cooper, the surface parking lot between Trimble Place and Hattiloo Theatre.
The document estimates construction will cost $16 million.
The seven-floor, 73,523-square-foot building will have 107 rooms, rooftop bar and dining, a ground-floor restaurant on the northeast corner at Trimble, and a fitness room on the southeast corner nearest Hattiloo Theatre.
A development group including Overton Square landlord Loeb Properties, boutique hotel developer LRC2 Properties and the MMI Hotel Management Group last year filed plans with City Hall showing a building of multiple exterior colors as well as materials.
The latest renderings appear to reflect a more stately building with a predominantly light-colored hue, still with a mix of materials. The facade features a mix of arched and rectangular windows.
The "Memphian" sign is placed at the top of the hotel and on the entrance canopies.
The rear entrance canopy, which is closest to the surface parking, is larger than the front canopy facing Cooper.
The construction will remove much of the surface parking on the site. The site plan still shows 66 on-site spaces, and another 42 spaces in the garage to the west.
The architect for the project is Lakeland-based Renaissance Group with consulting by Bounds + Gillespie Architects. The contractor is Montgomery Martin.