MEMPHIS, TN. Wednesday, December 10, 2025 – Legacy Power Capital (LPC), a real estate investment firm, today announced plans to develop a “Neural Nexus” innovation district on two full city blocks in downtown Memphis, adjacent to FedExForum and Beale Street. The mixed-use development will feature dedicated sovereign cloud computing capabilities, offering companies like FedEx the opportunity to relocate cloud spending to Memphis and boost the local economy.

The Neural Nexus represents a transformative investment in Memphis’s Digital Delta vision, combining technology infrastructure with community reinvestment. Through the city’s innovative reinvestment policy, 25% of the district’s tax revenue will be allocated back into infrastructure improvements within a five-mile radius, supporting roads, schools, and parks in the heart of the city. LPC is actively collaborating with local business leaders and has already received overwhelming support from stakeholders throughout the community.

“Memphis presents a unique opportunity—to find two city blocks available for purchase in the heart of a major U.S. city is unheard of,” said Geoff Simpson Principal and Co-founder of Legacy Power Capital. “We have found alpha in the Digital Delta through local enterprise collaboration, tech-enabling infrastructure, and community engagement that lead to returns and outcomes for the local community.”

The development will include office, residential, and retail spaces, along with new public green spaces for community enjoyment. Legacy Power Capital emphasizes that they are not relying on local incentives to fund the project, instead seeking local enterprise partners to accelerate development.

The University of Memphis and UT Health Science Center are already exploring how to leverage the sovereign cloud computing power included in the project to attract top researchers and accelerate use cases for local enterprise development.

“Memphis is only one of 9 cities in the U.S. to be home to two R-1 research institutions, and we have St. Jude Research Hospital—a world-class research facility,” said Ted Townsend, President and CEO of the Greater Memphis Chamber. “This project attracts top researchers, accelerates use cases for local enterprise to thrive, and more importantly, keeps local talent local.”

Rob Miller, Chief Executive Officer of Neural Nexus, highlighted the unique convergence of factors in Memphis: “It’s been our vision in technology to find the intersection of local investment, university support and large enterprise adoption. Memphis should be proud of what you have here.”

Aiden Randolph, Principal and Co-founder of Legacy Power Capital, expressed gratitude for the support received from local government and the Chamber during the discovery process. “We believe in Memphis and are excited to get to know the community even better,” Randolph said.

When completed, this development is poised to be the largest in Downtown Memphis history, reshaping the city’s core with modern infrastructure. FedEx’s interest in the project represents a strong endorsement, signaling the value of keeping economic activity and tax revenue within the city.

The Neural Nexus aligns with Memphis’s Digital Delta strategy, positioning the city as a southeastern technology hub while maintaining its commitment to community development and local enterprise growth.

About The Greater Memphis Chamber 

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For additional information, please visit www.memphischamber.com

About Legacy Power Capital

Legacy Power Capital is a real estate investment firm focused on identifying and developing unique opportunities in emerging markets, with a particular emphasis on technology-enabled infrastructure and community partnership.