A classic car showroom and a baseball training facility are set to open up shop in a large building just east of the town's Historic Square.
On Monday, the town's Board of Mayor and Aldermen approved conditional use permits for Art & Speed Classic Car Gallery and Big League Wildcats to move from their current locations and reopen at 141 Eastley Street.
The town's Planning Commission unanimously approved two permits at the Aug. 1 regularly scheduled meeting.
The 125,000-square-foot building is owned by Nera Investments and was built in 1967.
Art & Speed will occupy 48,000 square feet, while Big League, a baseball and fast-pitch softball training facility, will take up another 25,000 square feet.
There are currently 55 parking spaces to accommodate the facility. That will be grown to 185 spaces.
There will be 100 indoor inventory storage spaces for Art & Speed.
Big League Wildcats "works with individuals and teams to promote the development of athletes by teaching sound techniques and fundamentals."
Art & Speed owner Kevin Caffman said he wishes to move the business from its current location at 89 Eastley in order to "increase visibility."
"We're drawing people into Collierville from all over the world," he said.
Art & Speed's website states that it is a "dealer for nearly every vehicle accessory" that sells "wheels, tires, suspension systems, brakes and internal components."
"We can do anything from individual jobs to a full frame off restoration through our partner network," it states. "We can also perform accident repair in the unfortunate event of damage to your classic or luxury car."
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Board members agreed to sell the property at 0 College Street, west of the police station, to Betty Edmunds for $85,000. The town purchased the property in 1998 from Milton Mann, Edmunds' father, with the intent of providing additional police parking.
When the town decided to sell the property in July, Edmunds inquired about the possibility of purchasing it from the town.
"The property has been a family property, originally belonging to my grandparents," Edmunds wrote. "So, I would like to keep it in the family, since the town is not going to use it."
James Lewellen, town administrator, said that the property is "of no additional value to the town."