Bianca Phillips at The Memphis Flyer has reported that “James Rasberry, the TN Brewery building’s listing agent, says he has executed a contract with a “viable buyer.” There’s a 90-day due diligence period, where the potential buyer will be able to have various inspections done on the 100-plus-year-old structure. Rasberry said that means demolition, which was set for early August, will be postponed at least 90 days.”
The Commercial Appeal also reports that “Potential pitfalls of the deal include a standard 90-day inspection period, but Rasberry said he’s “cautiously optimistic.” “They’re local guys and very capable people. I’m excited about it,” he said.
We will update this post as more information is made available. Until then, you can learn more about Brewery Untapped in the video below: